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Illustration Business Plan Template

Written by Dave Lavinsky

Illustration Business Plan Template
Table of Contents
Table of Contents

Illustration Business Plan

Below is our sample illustration business plan template created using our ai business plan generator.

I. Executive Summary

Company Overview

Welcome to ArtfulVisions Illustration Studio, a groundbreaking illustration studio based in Appleton, WI. We are the first of our kind in the local art scene, offering a unique blend of services tailored to meet the diverse needs of our community. Our mission is to transform your visual concepts into reality with a personal touch and unmatched creativity. From custom illustrations to digital illustration and illustrated branding, we are dedicated to quality and creativity. Our position in Appleton, WI, not only allows us to serve the local and regional market effectively but also to be an integral part of the community’s artistic and economic development.

Success Factors

Our studio’s success is built on a foundation laid by our founder’s previous achievements in the illustration industry, combined with our cutting-edge digital illustration capabilities and a wide range of custom illustration services. Since our launch on January 7, 2024, as a Sole Proprietorship, we’ve made significant strides, including the development of our distinct logo, company name, and securing an ideal location for our studio. These achievements mark the beginning of our journey towards becoming a pivotal part of Appleton’s creative landscape.

Industry Analysis

The Illustration industry in the U.S. is flourishing, currently valued at approximately $3.5 billion with an expected annual growth rate of 4% over the next five years. This growth is driven by the rising demand for visual content across advertising, publishing, and digital media. Trends towards digital platforms and personalized, custom illustrations play to our strengths at ArtfulVisions, allowing us to offer high-quality, unique digital illustrations and custom services that cater to the evolving needs of businesses and consumers in Appleton, WI.

Customer Analysis

Our studio focuses on Appleton, WI residents seeking custom illustrations for personal enjoyment or home decor, and local businesses desiring unique branding elements. We also cater to authors and publishers in need of bespoke illustrations for their publications. By addressing the specific desires for unique, personalized art and branding, we position ourselves to meet the growing demand for custom illustrations that reflect individuality and creativity.

Competitive Analysis

Our main competitors include Allegra, Coalesce Marketing & Design, and Edison Collective, each offering a mix of marketing, design, and creative services. However, ArtfulVisions Illustration Studio sets itself apart through our superior digital illustration services and commitment to custom, personalized illustrations. Our focus on these areas, combined with the latest technology and a deep understanding of our client’s vision, gives us a significant competitive advantage in the vibrant Appleton art scene.

Marketing Plan

At ArtfulVisions Illustration Studio, we specialize in a wide array of services, from custom illustrations to digital illustration and illustrated branding materials, priced to accommodate the complexity and customization level required by our clients. Our promotional strategy integrates both traditional and digital marketing efforts, including social media engagement, community events participation, and targeted advertising. We aim to build a strong online presence, foster community connections, and ensure customer satisfaction to attract and retain a loyal client base in Appleton, WI, and beyond.

Operations Plan

To guarantee the smooth running of ArtfulVisions Illustration Studio, our day-to-day operations include diligent client communication, daily team briefings, project timeline reviews, and regular updates to our website and social media channels. We ensure quality control, manage financials, and continuously engage in market research and team development. Our immediate goals include establishing a strong brand identity, securing initial client projects, and achieving operational profitability, with a long-term aim of reaching $15,000/month in revenue and expanding our service offerings based on market demand.

Management Team

Under the guidance of Oliver Torres, CEO, ArtfulVisions Illustration Studio boasts a leadership team with a proven track record in the illustration industry. Torres’s extensive experience and innovative approach are instrumental in driving our studio towards success. His strategic vision and commitment to fostering a culture of innovation and excellence ensure that ArtfulVisions is well-positioned for sustainable growth and achievement in the competitive art market.

Financial Plan

To reach our growth objectives, ArtfulVisions Illustration Studio requires $92,500 in funding. This investment will be allocated to capital investments such as location buildout and equipment, as well as operational expenses including staff salaries, marketing, and initial working capital. These financial resources will enable us to establish a solid foundation, secure the necessary tools and talent, and effectively market our studio to attract and retain clients.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Direct Expenses $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
Gross Profit $1,495,160 $1,650,193 $1,819,656 $2,004,825 $2,207,087
Gross Profit (%) 60.5% 61.6% 62.7% 63.8% 64.9%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,398,075 $1,550,162 $1,716,590 $1,898,633 $2,097,673
Depreciation $6,600 $6,600 $6,600 $6,600 $6,600
Amortization $0 $0 $0 $0 $0
Interest Expense $9,250 $9,250 $9,250 $9,250 $9,250
Income Tax Expense $483,778 $537,009 $595,259 $658,974 $728,638
Net Income $898,446 $997,303 $1,105,481 $1,223,808 $1,353,184

 

II. Company Overview

ArtfulVisions Illustration Studio is a pioneering Illustration studio dedicated to serving the vibrant community of Appleton, WI. As a fresh face in the local art scene, we stand out as the first high-quality illustration business dedicated to meeting the unique needs of this area. Our mission is to bring your visual ideas to life with a personal touch and unparalleled creativity.

At ArtfulVisions, we pride ourselves on offering a wide range of services tailored to our clients’ diverse needs. Our offerings include custom illustrations, character design, storyboarding, digital illustration, and illustrated branding and marketing materials. Each service is crafted with the utmost care and precision, ensuring that every project we undertake is as unique as the clients we serve. Our commitment to quality and creativity sets us apart and makes us the go-to studio for all your illustration needs.

Based right here in Appleton, WI, ArtfulVisions Illustration Studio is strategically located to cater to both local and regional clients. Our deep understanding of the local market, combined with our global perspective on art and design, allows us to deliver services that are both relevant and internationally competitive. We are not just another business in Appleton; we are a part of the community, committed to contributing to its artistic and economic growth.

Our studio’s potential for success is rooted in several key factors. Firstly, our founder brings invaluable experience from running a successful illustration business, ensuring we have a solid foundation and a clear direction. Moreover, our competitive edge lies in our superior digital illustration capabilities and our expansive array of custom illustrations, setting us leagues ahead of the competition. These strengths, combined with our passion for art and design, position ArtfulVisions Illustration Studio as a leader in the industry.

Since our inception on January 7, 2024, ArtfulVisions Illustration Studio has been a Sole Proprietorship. We’ve hit the ground running, achieving several milestones in a short period. Our achievements include designing our distinctive logo, developing our unique company name, and securing an ideal location for our studio. These accomplishments are just the beginning of our journey to becoming a cornerstone of the Appleton creative community.

 

III. Industry Analysis

The Illustration industry in the United States is a thriving sector that continues to grow year over year. Currently, the market size is estimated to be around $3.5 billion, with a projected annual growth rate of 4% over the next five years. This growth can be attributed to the increasing demand for visual content in various industries such as advertising, publishing, and digital media.

One trend that is driving the growth of the Illustration industry is the shift towards digital platforms and online marketing. With the rise of social media and e-commerce, businesses are looking for unique and eye-catching illustrations to help their products stand out. This trend bodes well for ArtfulVisions Illustration Studio, as they can offer high-quality digital illustrations that cater to the needs of these businesses in Appleton, WI.

Another trend in the Illustration industry is the focus on personalized and custom illustrations. Consumers are increasingly looking for one-of-a-kind illustrations that reflect their individuality and personality. This presents a great opportunity for ArtfulVisions Illustration Studio to showcase their creativity and offer unique illustrations that resonate with their customers in Appleton, WI. By tapping into this trend, the studio can differentiate itself in the market and attract a loyal customer base.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

We will target local residents in Appleton, WI, who have a keen interest in custom illustrations for personal or home decor use. This demographic appreciates unique, artistic expressions and values the personal touch that our illustrations provide. By focusing on this group, we will tailor our marketing and product offerings to meet their specific desires for art that resonates on a personal level.

Beyond individual consumers, we will also serve local businesses seeking to enhance their branding with custom illustrations. These could include cafes, bookstores, and boutique shops looking to create a distinctive aesthetic appeal in their physical or digital spaces. Our services will offer them the opportunity to stand out in the competitive market by incorporating unique art that reflects their brand identity.

Additionally, we will target authors and publishers in the area who require illustrations for their publications. Whether it’s for children’s books, graphic novels, or promotional materials, our studio will provide bespoke illustrations that bring stories to life. This segment values creativity and originality, which aligns perfectly with our expertise and capabilities.

Customer Needs

ArtfulVisions Illustration Studio caters to the unique and evolving needs of its customers by providing high-quality custom illustrations. Residents and businesses in the area can now access personalized artwork that not only meets their aesthetic preferences but also enhances their spaces. This service particularly appeals to those who value creativity and wish to incorporate distinctive visual elements into their personal or business environments.

In addition to custom illustrations, ArtfulVisions extends its services to include illustrated branding and marketing materials. Clients can expect to receive bespoke designs that effectively communicate their brand identity and message. This is especially beneficial for businesses looking to stand out in a competitive market through visually compelling and memorable marketing strategies.

Furthermore, ArtfulVisions recognizes the importance of digital presence in today’s market. Therefore, it offers digital illustration services tailored for online platforms. This enables clients to maintain a consistent and engaging visual identity across various digital channels, meeting the needs of businesses aiming to capture and retain the attention of their online audience.

 

V. Competitive Analysis

Direct Competitors

ArtfulVisions Illustration Studio’s competitors include the following companies:

Allegra: Allegra offers a wide range of services that includes marketing solutions, print services, mailing services, and promotional products. Their price points vary significantly depending on the scope and scale of the project, catering to both small and large businesses. Allegra generates revenue by providing customized marketing and print solutions designed to meet the specific needs of each client. Located in several locations across the United States, Allegra serves a broad customer segment, including corporate clients, small businesses, and nonprofit organizations. The company’s key strengths lie in its comprehensive suite of services and its nationwide presence, which allows it to serve customers across various geographies. However, its broad focus might dilute its expertise in specific areas such as illustration, which may be viewed as a weakness against niche competitors.

Coalesce Marketing & Design Coalesce Marketing & Design specializes in marketing strategy, branding, digital marketing, and graphic design services. This company positions itself in the mid to high price range, reflecting its focus on delivering high-quality, customized solutions. Coalesce Marketing & Design’s revenue comes from a diverse portfolio of clients, ranging from startups to established businesses across various industries. The company operates primarily in the Midwest but has the capability to serve clients nationwide through digital means. Coalesce Marketing & Design’s key strength lies in its integrated approach to marketing and design, which ensures consistency and effectiveness in brand messaging. However, its focus on a broader spectrum of marketing services might not cater as specifically to clients looking solely for illustration services.

Edison Collective Edison Collective is a creative agency that provides services including branding, digital experience, and content creation. Their pricing strategy is tailored to the project’s complexity and the client’s needs, often positioned at a premium to reflect the bespoke nature of their work. The company’s revenue stems from its ability to offer unique and innovative solutions to its clients, which include both startups and established businesses looking for high-end creative services. Edison Collective is based in a single location but serves clients nationally, leveraging digital communication to work with companies outside its immediate geographic area. A key strength of Edison Collective is its focus on creativity and innovation, particularly in digital experiences and content creation. However, this specialization might limit its appeal to clients specifically seeking traditional illustration services.

Competitive Advantages

At ArtfulVisions Illustration Studio, we pride ourselves on delivering superior digital illustration services that set us apart from our competitors. Our commitment to excellence is evident in the intricate details, vibrant colors, and innovative designs that define our work. We understand that in the realm of digital art, quality and creativity are paramount. This is why we continuously invest in the latest technology and training for our artists. By doing so, we ensure that our digital illustrations are not only better than those of our competition but also uniquely tailored to meet the specific needs and visions of our clients.

Moreover, our studio stands out through our extensive offering of custom illustrations. We recognize that each client has a unique story to tell and a distinct vision to bring to life. This understanding drives our approach to offering personalized services that go beyond the standard offerings in the market. Whether it’s for branding, personal projects, or commercial use, our team works closely with clients to transform their ideas into captivating illustrations that speak volumes. This level of customization and personal attention to detail not only enhances the client experience but also solidifies our competitive edge in the industry. Our ability to create bespoke illustrations that resonate with our clients’ objectives and expectations is what truly sets us apart in the vibrant city of Appleton and beyond.

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

ArtfulVisions Illustration Studio specializes in a broad range of creative services designed to cater to various needs, from individual artistic projects to comprehensive business branding solutions. With a focus on high-quality, custom illustrations, the studio aims to bring clients’ visions to life through a diverse palette of artistic services.

At the core of its offerings, Custom Illustrations stand out for their unique ability to capture and convey personal or project-specific visions. Clients can expect to invest an average of $200 to $500 for these tailor-made creations, depending on the complexity and detail required in the artwork. This service is perfect for those looking to commission artwork for personal use, gifts, or specific project needs.

For clients in the realm of gaming, animation, or literature, Character Design is a crucial service. ArtfulVisions offers character creation that brings narratives to life with vivid detail and personality. The pricing for this service ranges from $150 to $400 per character, reflecting the intricacy of the design and the level of customization requested by the client.

Storyboarding is another pivotal service offered, catering especially to filmmakers, advertisers, and digital content creators. It plays a vital role in pre-visualizing scenes and sequences. The studio prices its storyboarding services from $500 to $1,000, depending on the length and detail of the storyboard required.

Digital Illustration is a versatile service that ArtfulVisions provides, utilizing cutting-edge tools and software to create stunning visuals for a variety of applications. Clients can expect to pay between $100 and $300 for digital illustrations, with prices varying based on the project’s scope and detail level.

Last but certainly not least, Illustrated Branding and Marketing Materials are essential for businesses looking to stand out with visually compelling logos, brochures, business cards, and more. This service is priced on a project basis, with costs typically ranging from $250 to $2,000. The investment reflects the comprehensive approach taken to develop cohesive and impactful branding that resonates with the target audience.

ArtfulVisions Illustration Studio is dedicated to providing exceptional artistic services that meet the diverse needs of its clients. With a commitment to quality and creativity, the studio ensures that every project is a masterpiece that exceeds expectations.

Promotions Plan

At ArtfulVisions Illustration Studio, we understand the importance of a robust promotional strategy to attract customers and build a loyal client base. Our approach encompasses a blend of traditional and digital marketing techniques to ensure we reach our target audience effectively.

Online marketing plays a crucial role in our promotional tactics. We leverage social media platforms such as Instagram, Facebook, and Pinterest to showcase our portfolio. By sharing our latest works, behind-the-scenes processes, and client testimonials, we engage with our audience and attract potential customers. Additionally, our website serves as a central hub for our digital presence, optimized for search engines to improve visibility. Email marketing campaigns will keep our subscribers informed about new offerings, discounts, and studio updates, encouraging repeat business and word-of-mouth referrals.

Beyond online marketing, we engage in community events and art fairs within Appleton, WI, to increase local awareness. Participating in these events allows us to connect directly with our community, display our work in a tangible format, and network with other businesses. Collaboration with local businesses and artists for joint promotions and cross-marketing efforts will also amplify our reach and introduce our studio to diverse audiences.

To further ensure our visibility, we will invest in targeted advertising in local print media and online platforms frequented by our target demographic. Engaging content, such as tutorials, artist interviews, and insights into the illustration industry, will be regularly published on our blog and shared across our social media channels. This strategy not only positions us as experts in our field but also helps in building a community around our brand.

Lastly, customer satisfaction will play a key role in our promotional efforts. Exceptional service and high-quality illustrations will encourage positive reviews and testimonials, which we will proudly feature on all our platforms. Referral programs will reward our loyal customers for spreading the word about our studio, creating a network of advocates for our brand.

At ArtfulVisions Illustration Studio, we are committed to implementing a comprehensive promotional strategy that not only attracts customers but also builds lasting relationships with them. Through a combination of online marketing, community engagement, targeted advertising, content creation, and a focus on customer satisfaction, we are poised to make a significant impact in the Appleton, WI area and beyond.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of ArtfulVisions Illustration Studio, there are several key day-to-day operational processes that we will perform.

  • Monitor and manage client communications promptly – This includes responding to emails, phone calls, and social media inquiries to ensure customer satisfaction and engagement.
  • Conduct daily team briefings – These meetings can help align the team on the day’s objectives, discuss ongoing projects, and address any issues that might arise.
  • Review and update project timelines – Regular checks ensure that all projects are on track and deadlines are met, adjusting timelines as necessary to accommodate changes or delays.
  • Manage and update the website and social media profiles – Regular content updates and interactions with followers can boost the studio’s visibility and attract new customers.
  • Process orders and commissions – This includes recording new orders, updating clients on the status of their projects, and ensuring that all details are correctly logged and understood.
  • Perform quality checks on all illustrations before delivery – Ensuring that each piece meets the studio’s quality standards before it is delivered to the client.
  • Handle invoicing and payments – Generate invoices for completed projects, track payments, and manage financial records to ensure accurate accounting.
  • Order and manage supplies – Keep track of the inventory of art supplies and reorder as necessary to ensure that the studio always has what it needs to operate smoothly.
  • Conduct market research – Stay informed about industry trends, new tools and technologies, and competitor activities to ensure the studio remains competitive and innovative.
  • Engage in continuous learning and development – Encourage and facilitate opportunities for the team to learn new skills, techniques, and tools that can enhance the studio’s offerings.
  • Collect client feedback – After project completion, gather feedback to understand the client’s experience, which can inform improvements in service and customer satisfaction.

Milestones

ArtfulVisions Illustration Studio expects to complete the following milestones in the coming months in order to ensure its success:

  • Launch Our Illustration Business: Establish a legal entity, secure a workspace (whether it’s a home office or a rented studio space in Appleton, WI), set up a business bank account, and launch our official website and social media profiles to mark the official start of our operations.
  • Develop a Strong Brand Identity: Create a compelling brand identity, including a logo, business cards, and a portfolio of our work. This will help in making our studio recognizable and will establish a visual style that appeals to our target market.
  • Build a Comprehensive Online Presence: Develop a professional website with a portfolio section, contact information, and client testimonials. Additionally, establish active social media profiles on platforms relevant to our target audience (e.g., Instagram, Pinterest) to showcase our work and engage with potential customers.
  • Network and Partnership Development: Attend local art shows, business events, and join Appleton-area small business groups to network with potential clients and partners. Building relationships with local businesses, art galleries, and educational institutions can lead to referrals and partnerships.
  • Secure First Client Projects: Achieve the milestone of signing contracts for our first client projects. This will validate our business model and start generating revenue. It’s important to deliver exceptional work to encourage word-of-mouth referrals.
  • Implement an Efficient Project Management System: Set up project management and invoicing software to streamline our workflow and financial tracking. This system will help manage deadlines, client communications, and payments efficiently, reducing the risk of project overruns and client dissatisfaction.
  • Achieve Operational Profitability: Focus on reaching operational profitability by controlling costs and gradually increasing prices as our portfolio and reputation grow. This involves closely monitoring expenses, optimizing our workflow, and delivering projects on time and within budget.
  • Get to $15,000/Month in Revenue: This is a critical financial milestone that will indicate that our business model is sustainable. Achieving this level of monthly revenue will require a steady increase in client projects, possibly expanding into new markets or offering new services that complement our core illustration offerings.
  • Establish a Recurring Customer Base: Develop a strategy for repeat business, such as offering discounts to repeat customers or launching a referral program. Having a base of loyal customers will provide a more predictable revenue stream and help stabilize the business financially.
  • Expand Service Offerings: Based on customer feedback and market demand, consider expanding our service offerings. This could include digital illustrations, animation, or other creative services that leverage our existing skills and client base. Expansion should only be pursued once we’ve achieved a stable client base and have the operational capacity to support new services without compromising quality.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

ArtfulVisions Illustration Studio management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Oliver Torres, CEO

Oliver Torres brings a wealth of experience to ArtfulVisions Illustration Studio, having previously established and successfully managed an illustration business. This background has endowed him with a deep understanding of the creative industry’s nuances, from operational challenges to market trends. His leadership is not just rooted in experience but in a proven track record of success, demonstrating his capability to navigate the complexities of the illustration world. Torres’s strategic vision and entrepreneurial spirit are pivotal in steering ArtfulVisions towards achieving lasting success, by fostering a culture of innovation, excellence, and resilience within the team.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Direct Expenses $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
Gross Profit $1,495,160 $1,650,193 $1,819,656 $2,004,825 $2,207,087
Gross Profit (%) 60.5% 61.6% 62.7% 63.8% 64.9%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,398,075 $1,550,162 $1,716,590 $1,898,633 $2,097,673
Depreciation $6,600 $6,600 $6,600 $6,600 $6,600
Amortization $0 $0 $0 $0 $0
Interest Expense $9,250 $9,250 $9,250 $9,250 $9,250
Income Tax Expense $483,778 $537,009 $595,259 $658,974 $728,638
Net Income $898,446 $997,303 $1,105,481 $1,223,808 $1,353,184

Funding Requirements/Use of Funds

To accomplish our growth goals, ArtfulVisions Illustration Studio needs $92,500 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $20,000
Furniture $5,000
Equipment $5,000
Machines $1,000
Computers $2,000
Non Capital Investments
Working Capital $20,000
Initial Rent/Lease $3,000
Staff Salaries for the First 3 Months $30,000
Initial Marketing and Advertising $5,000
Supplies $500
Insurance $1,000

Financial Projections

financial projection illustration business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Total Revenues $2,473,311 $2,678,176 $2,900,009 $3,140,218 $3,400,323
Direct Costs
Direct Costs $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
Total Direct Costs $978,150 $1,027,982 $1,080,353 $1,135,392 $1,193,235
GROSS PROFIT $1,495,160 $1,650,193 $1,819,656 $2,004,825 $2,207,087
GROSS PROFIT % 60.5% 61.6% 62.7% 63.8% 64.9%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,398,075 $1,550,162 $1,716,590 $1,898,633 $2,097,673
Depreciation $6,600 $6,600 $6,600 $6,600 $6,600
Amortization $0 $0 $0 $0 $0
EBIT $1,391,475 $1,543,562 $1,709,990 $1,892,033 $2,091,073
Interest Expense $9,250 $9,250 $9,250 $9,250 $9,250
PRETAX INCOME $1,382,225 $1,534,312 $1,700,740 $1,882,783 $2,081,823
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,382,225 $1,534,312 $1,700,740 $1,882,783 $2,081,823
Income Tax Expense $483,778 $537,009 $595,259 $658,974 $728,638
NET INCOME $898,446 $997,303 $1,105,481 $1,223,808 $1,353,184
Net Profit Margin (%) 36.3% 37.2% 38.1% 39% 39.8%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $843,465 $1,834,262 $2,932,004 $4,152,720 $5,403,419
Other Current Assets $212,300 $229,884 $248,926 $261,684 $283,360
Total Current Assets $1,055,765 $2,064,147 $3,180,930 $4,414,405 $5,686,779
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $33,000 $33,000 $33,000 $33,000 $33,000
Accum Depreciation $6,600 $13,200 $19,800 $26,400 $33,000
Net fixed assets $26,400 $19,800 $13,200 $6,600 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,082,165 $2,083,947 $3,194,130 $4,421,005 $5,686,779
LIABILITIES & EQUITY
Current Liabilities $91,219 $95,697 $100,399 $103,465 $108,554
Debt outstanding $92,500 $92,500 $92,500 $92,500 $0
Total Liabilities $183,719 $188,197 $192,899 $195,965 $108,554
Share Capital $0 $0 $0 $0 $0
Retained earnings $898,446 $1,895,749 $3,001,231 $4,225,040 $5,578,225
Total Equity $898,446 $1,895,749 $3,001,231 $4,225,040 $5,578,225
TOTAL LIABILITIES & EQUITY $1,082,165 $2,083,947 $3,194,130 $4,421,005 $5,686,779

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $898,446 $997,303 $1,105,481 $1,223,808 $1,353,184
Change in Working Capital ($121,081) ($13,106) ($14,339) ($9,692) ($16,586)
Plus Depreciation $6,600 $6,600 $6,600 $6,600 $6,600
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $783,965 $990,796 $1,097,741 $1,220,716 $1,343,198
CASH FLOW FROM INVESTMENTS
Fixed Assets ($33,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($33,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $92,500 $0 $0 $0 ($92,500)
Net Cash Flow from Financing $92,500 $0 $0 $0 ($92,500)
Net Cash Flow $843,465 $990,796 $1,097,741 $1,220,716 $1,250,698
Cash at Beginning of Period $0 $843,465 $1,834,262 $2,932,004 $4,152,720
$843,465 $1,834,262 $2,932,004 $4,152,720 $5,403,419

 

Dave Lavinsky
Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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