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Plan Outline
Commercial Photography Business Plan
Flash Commercial Photography
Executive Summary
Flash Commercial Photography, located in and serving Rochester, NY, will serve small and medium-sized businesses and non-profits for all of their studio photography needs by creating beautiful shots that serve the client's needs, offering excellent service and flexibility with a personal touch, and offering value-added services related to photography. Founded and directed by veteran freelance commercial photographer Matte Flash, Flash Commercial Photography intends to raise £53,000 by adding limited partners to the business in order to open a studio space, hire staff, and undergo a new marketing campaign.
Sales and profits from the business are projected to rise steadily, from £356,000 revenues and £50,000 profits in the first year to £750,000 revenues and £99,000 profits in year 5. Gross margins and net profit margins will be relatively steady at 75% and 13% respectively.
The keys to success for the business include:
- Establishing Flash Photography as flexible to the needs of small and medium-sized businesses
- Offering a range of additional services, such as printing, photo editing, framing, and production of photos in a variety of digital formats
- Making businesses feel at home in our studio and a part of the creative process
Objectives
Flash Commercial Photography seeks to enter the top three commercial photography providers in the Rochester, NY metropolitan area within five years. We seek the following objectives within that five year period:
- To be in the top three commercial photography studios in terms of market share
- To exceed £900 thousand in annual revenue
- To support five full-time staff
Mission
Flash Commercial Photography seeks to serve small and medium-sized businesses and non-profits for all of their studio photography needs by creating beautiful shots that serve the client's needs, offering excellent service and flexibility with a personal touch, and offering value-added services related to photography. Flash intends to offer personalized service to make it easy for small businesses to outsource their photography needs.
Keys to Success
- Establishing Flash Photography as flexible to the needs of small and medium-sized businesses
- Offering a range of additional services, such as printing, photo editing, framing, and production of photos in a variety of digital formats
- Making businesses feel at home in our studio and part of the creative process