Business Plan Summary: Financial Requirements
Required Finance
Our business will require a capital investment of £1600.00 to get established. We have £ 1000.00 ourselves and require an additional bank loan of £600.00, All funds will need to be in place by 15 December 200X. This will enable us to purchase the computer, printer, software and stationery prior to the launch of the business on 9 January 200X.
Risks
If this country was ever unfortunate enough to suffer another recession then obviously the amount of new businesses starting up would decrease, as would our initial target market. Even in times of recession, new businesses will be set up and the demand for a low cost, quality service such as ours would probably improve as clients use their budgets more wisely. However, if this was not the case, then being a resourceful company we would diversify our market and target those businesses already trading to make them see the key to success is careful business planning which our service provides. As we are primarily a mail order company then a postal strike will have a detrimental effect on our business. This would be overcome by using parcel couriers. Our carriage costs would rise quite considerably for the duration of the strike but we would still be providing the client with a level of service that is second to none.
