Business Plan (Financial Part) Essay Example | Topics and Well Written Essays - 1500 words

Business Plan (Financial Part) - Essay Example These are powerful tools since these would contain a summary of the services that the office would render. With this plan, the owner budgeted for the design and production of the materials on a quarterly basis. An agency will be outsourced to fulfill this requirement. CFL would also be utilizing Search Engine Optimization, thus the budget to be allocated for the creation and hosting of its website. The creation of a web site would only be one-time and any change to the website would essentially be just minor ones and would not entail too much costs. Print ads would also be produced to support the above-mentioned marketing plans and also to reach the market who are heavy users of this medium. A monthly print advertisement shall be implemented in two major dailies in Cyprus. The budgetary requirements have been spread all throughout the first year of operations to be able to determine the needed cash flow. Targets on the number of needed accounts to cover for all operational costs have also been determined. These targets must be adhered to by the account managers to ensure smooth operations of the company. The 50,000 pounds start-up capital shall not be used up 100% for the first month, but instead, only 25% of which shall be spent on the perceived operational requirements./The rest shall be treated as savings and would only be used as needed. The cash flow has been planned to ensure that the projected income shall cover for the projected costs. The targeted number of projects and clients has been identified for the rest of the operational year. This is to ensure that all operational costs shall be covered for and that there would be as little deficit as can be should the plans do not materialize. The budget requirements are definitely lower than the projected income. The company plans to adhere to this budget plan to ensure that the office, at the very least, breaks even. However, as such a business is bound to