Plan Outline

Benefits Administration Business Plan

Employee Benefits Administration

This sample business plan can be edited directly in Business Plan Pro software.

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Appendix

Sales Forecast
		Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Unit Sales
COBRA/HIPAA	0%	0	0	0	20	25	30	35	40	45	50	55	60
Flexible Spending	0%	0	0	0	10	10	10	10	10	10	40	40	40
Basic Admin	0%	0	0	0	100	100	100	200	200	200	400	400	400
All Inclusive	0%	0	0	0	100	100	100	200	200	200	400	400	400
Start-up Fees	0%	0	0	0	65	5	5	45	5	5	100	5	5
Total Unit Sales		0	0	0	295	240	245	490	455	460	990	900	905

Unit Prices		Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
COBRA/HIPAA		£12.75	£12.75	£12.75	£12.75	£12.75	£12.75	£12.75	£12.75	£12.75	£12.75	£12.75	£12.75
Flexible Spending		£7.50	£7.50	£7.50	£7.50	£7.50	£7.50	£7.50	£7.50	£7.50	£7.50	£7.50	£7.50
Basic Admin		£12.00	£12.00	£12.00	£12.00	£12.00	£12.00	£12.00	£12.00	£12.00	£12.00	£12.00	£12.00
All Inclusive		£18.00	£18.00	£18.00	£18.00	£18.00	£18.00	£18.00	£18.00	£18.00	£18.00	£18.00	£18.00
Start-up Fees		£100.00	£100.00	£100.00	£100.00	£100.00	£100.00	£100.00	£100.00	£100.00	£100.00	£100.00	£100.00

Sales
COBRA/HIPAA		£0	£0	£0	£255	£319	£383	£446	£510	£574	£638	£701	£765
Flexible Spending		£0	£0	£0	£75	£75	£75	£75	£75	£75	£300	£300	£300
Basic Admin		£0	£0	£0	£1,200	£1,200	£1,200	£2,400	£2,400	£2,400	£4,800	£4,800	£4,800
All Inclusive		£0	£0	£0	£1,800	£1,800	£1,800	£3,600	£3,600	£3,600	£7,200	£7,200	£7,200
Start-up Fees		£0	£0	£0	£6,500	£500	£500	£4,500	£500	£500	£10,000	£500	£500
Total Sales		£0	£0	£0	£9,830	£3,894	£3,958	£11,021	£7,085	£7,149	£22,938	£13,501	£13,565

Direct Unit Costs		Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
COBRA/HIPAA	0.00%	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75
Flexible Spending	0.00%	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00
Basic Admin	0.00%	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75
All Inclusive	0.00%	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75	£2.75
Start-up Fees	0.00%	£2.75	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00	£0.00

Direct Cost of Sales
COBRA/HIPAA		£0	£0	£0	£55	£69	£83	£96	£110	£124	£138	£151	£165
Flexible Spending		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Basic Admin		£0	£0	£0	£275	£275	£275	£550	£550	£550	£1,100	£1,100	£1,100
All Inclusive		£0	£0	£0	£275	£275	£275	£550	£550	£550	£1,100	£1,100	£1,100
Start-up Fees		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Subtotal Direct Cost of Sales		£0	£0	£0	£605	£619	£633	£1,196	£1,210	£1,224	£2,338	£2,351	£2,365

Personnel Plan
	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Production Personnel
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Other	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Subtotal	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0

Sales and Marketing Personnel
Marketer Part Time	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Other	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Subtotal	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0

General and Administrative Personnel
Cindy Wells	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500
Diane Davis	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500	£2,500
Administrative Assistant Part Time	£0	£0	£0	£0	£0	£0	£0	£0	£0	£1,084	£1,084	£1,084
Benefits Administrator	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Receptionist Part Time	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Benefits Administrator	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Subtotal	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£6,084	£6,084	£6,084

Other Personnel
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Name or title	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Other	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Subtotal	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0

Total People	2	2	2	2	2	2	2	2	2	3	3	3

Total Payroll	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£6,084	£6,084	£6,084

General Assumptions
	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Plan Month	1	2	3	4	5	6	7	8	9	10	11	12
Current Interest Rate	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%	9.00%
Long-term Interest Rate	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%
Tax Rate	30.00%	25.00%	25.00%	25.00%	25.00%	25.00%	25.00%	25.00%	25.00%	25.00%	25.00%	25.00%
Other	0	0	0	0	0	0	0	0	0	0	0	0

Pro Forma Profit and Loss
		Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Sales		£0	£0	£0	£9,830	£3,894	£3,958	£11,021	£7,085	£7,149	£22,938	£13,501	£13,565
Direct Cost of Sales		£0	£0	£0	£605	£619	£633	£1,196	£1,210	£1,224	£2,338	£2,351	£2,365
Production Payroll		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Other		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Total Cost of Sales		£0	£0	£0	£605	£619	£633	£1,196	£1,210	£1,224	£2,338	£2,351	£2,365

Gross Margin		£0	£0	£0	£9,225	£3,275	£3,325	£9,825	£5,875	£5,925	£20,600	£11,150	£11,200
Gross Margin %		0.00%	0.00%	0.00%	93.85%	84.11%	84.02%	89.15%	82.92%	82.88%	89.81%	82.58%	82.57%

Operating Expenses

Sales and Marketing Expenses
Sales and Marketing Payroll		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Advertising/Promotion		£100	£100	£100	£100	£100	£100	£100	£100	£100	£100	£100	£100
Travel		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Miscellaneous		£50	£50	£50	£50	£50	£50	£50	£50	£50	£50	£50	£50
Total Sales and Marketing Expenses		£150	£150	£150	£150	£150	£150	£150	£150	£150	£150	£150	£150
Sales and Marketing %		0.00%	0.00%	0.00%	1.53%	3.85%	3.79%	1.36%	2.12%	2.10%	0.65%	1.11%	1.11%

General and Administrative Expenses
General and Administrative Payroll		£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£5,000	£6,084	£6,084	£6,084
Sales and Marketing and Other Expenses		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Depreciation		£85	£85	£85	£85	£85	£85	£85	£85	£85	£85	£85	£85
Dues and Subscriptions		£150	£150	£150	£150	£150	£150	£150	£150	£150	£150	£150	£150
Professional Fees		£50	£50	£50	£50	£50	£50	£50	£50	£50	£50	£50	£50
Rent		£600	£600	£600	£600	£600	£600	£600	£600	£600	£600	£600	£600
Software Purchases		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Insurance		£100	£100	£100	£100	£100	£100	£100	£100	£100	£100	£100	£100
Telephone and Internet Access		£200	£200	£200	£200	£200	£200	£200	£200	£200	£200	£200	£200
Utilities		£200	£200	£200	£200	£200	£200	£200	£200	£200	£200	£200	£200
Miscellaneous		£200	£200	£200	£200	£200	£200	£200	£200	£200	£200	£200	£200
Payroll Taxes	8%	£400	£400	£400	£400	£400	£400	£400	£400	£400	£487	£487	£487
Other General and Administrative Expenses		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Total General and Administrative Expenses		£6,985	£6,985	£6,985	£6,985	£6,985	£6,985	£6,985	£6,985	£6,985	£8,156	£8,156	£8,156
General and Administrative %		0.00%	0.00%	0.00%	71.06%	179.39%	176.50%	63.38%	98.59%	97.71%	35.56%	60.41%	60.12%

Other Expenses:
Other Payroll		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Consultants		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Contract/Consultants		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Total Other Expenses		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0
Other %		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Total Operating Expenses		£7,135	£7,135	£7,135	£7,135	£7,135	£7,135	£7,135	£7,135	£7,135	£8,306	£8,306	£8,306

Profit Before Interest and Taxes		(£7,135)	(£7,135)	(£7,135)	£2,090	(£3,860)	(£3,810)	£2,690	(£1,260)	(£1,210)	£12,294	£2,844	£2,894
EBITDA		(£7,050)	(£7,050)	(£7,050)	£2,175	(£3,775)	(£3,725)	£2,775	(£1,175)	(£1,125)	£12,379	£2,929	£2,979
Interest Expense		£0	£375	£375	£370	£365	£360	£355	£350	£345	£339	£334	£329
Taxes Incurred		£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0	£0

Net Profit		(£7,135)	(£7,510)	(£7,510)	£1,720	(£4,225)	(£4,170)	£2,335	(£1,610)	(£1,555)	£11,955	£2,510	£2,565
Net Profit/Sales		0.00%	0.00%	0.00%	17.50%	-108.51%	-105.37%	21.19%	-22.72%	-21.75%	52.12%	18.59%	18.91%

Pro Forma Cash Flow

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Cash Received

Cash from Operations

Cash Sales

£0