Personal Shopping Services Business Plan

Buy the Time

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Company Summary

2.0 Company Summary

Buy the Time is a shopping service which allows the client to purchase custom items without stress. With our expert staff, we intend to grow into a larger market where we can still be personable, yet offer greater choices.

Our ideal larger market will expand from the Seattle area to include New York, San Francisco, Los Angeles, Chicago, and Miami.

2.1 Company Ownership

Buy the Time will be a Seattle, WA-based company. It will be formed as a simple sole trader. The company will operate as a home business until such time as expansion is required.

Jade Kousky is the owner and sole trader. With many years of retail experience, she brings a unique knowledge of discovering solutions to personal needs at low cost. Many have known her to have a personal flare for anticipating trends and an ability to match purchases to a client's desires.

With growth, Ms. Kousky plans to convert the sole trader into a corporation, still maintaining major control. Each location manager will operate as a key figure in the growth and evolution of Buy the Time.

2.2 Start-up Summary

Originally, operation will be based out of the owner's residence. One-to-one service can be provided by meeting the client at a time and place most convenient for them. This will cut unnecessary costs while still providing superb service.

Start-up

Start-up
Requirements
Start-up Expenses
Legal	£300
Stationery etc.	£150
Brochures	£200
Consultants	£0
Insurance	£0
Rent	£0
Research and development	£100
Expensed equipment	£500
Other	£0
Total Start-up Expenses	£1,250
Start-up Assets
Cash Required	£1,250
Other Current Assets	£400
Fixed assets	£2,000
Total Assets	£3,650
Total Requirements	£4,900

Start-up Funding

Start-up Funding
Start-up Expenses to Fund	£1,250
Start-up Assets to Fund	£3,650
Total Funding Required	£4,900
Assets
Non-cash Assets from Start-up	£2,400
Cash Requirements from Start-up	£1,250
Additional Cash Raised	£0
Cash Balance on Starting Date	£1,250
Total Assets	£3,650
Liabilities and Capital
Liabilities
Current Borrowing	£0
Fixed liabilities	£0
Accounts Payable (Outstanding Bills)	£0
Other Current Liabilities (interest-free)	£0
Total Liabilities	£0
Capital
Planned Investment
Owner	£3,250
Private Investor	£1,650
Other	£0
Additional Investment Requirement	£0
Total Planned Investment	£4,900
Loss at Start-up (Start-up Expenses)	(£1,250)
Total Capital	£3,650
Total Capital and Liabilities	£3,650
Total Funding	£4,900

Start-up