Financial Plan example for The Maple Syrup Company
How to Write a Business Plan
PART 7 - INSURANCE REQUIRED
The Company will require two types of insurance - 1. Contents Insurance and 2. Errors & Omissions Insurance. Contents Insurance covers inventory of products, equipment, and supplies. Errors and Omissions Insurance covers authors, publishers, and distributors of literary works from any so called errors, mistakes, and omissions of critical facts etc. Please note: MOST PROFESSIONAL FIRMS CARRY ERRORS AND OMISSIONS INSURANCE.
Notes to the Projected Financial Statements
REVENUE:
Based upon the foregoing, revenue in the initial year will be approximately $7,400. It will increase to $21,000 in two and then more than double in year three to about $43,000. It will double once again in year four to $86,000 and finally reach approximately $98,500 by year five. It will stabilize at that level provided we do not expand or change our sales mix.
PART A - Pricing Strategy
TABLE OF CONTENTS
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PART 3 - PRODUCTION & DELIVERY
This section addresses the following topics; direct material requirements, the production process, the ordering process and the facility required.
MARKETING PLAN: (The Maple Syrup Company)
In order to reduce our initial risk, we have decided to sell into both existing markets. They are: the Bulk Market and the Retail Market.
Although the margins are more favourable in the retail market, we want to ensure we do not carry excess inventory. By having established customers in the bulk market such risks are reduced. The is the foundation of our marketing strategy.
MARKET ANALYSIS (The Maple Syrup Company)
"Maple syrup is one agriculture crop in which there is no surplus. In fact, demand far exceeds the available supply." The above quote was extracted from a recent article written by the Michigan State University Extension.
PART 8 - BUSINESS STRUCTURE & DETAILS
The following topics provide specific detail on J&B Incorporated's Business & Legal Structure.