Tech Support Business Plan Template

Written by Dave Lavinsky

Tech Support Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create a tech support business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful tech support businesses. Our tech support business plan example below is sure to help you!

Tech Support Business Plan Example

Below is our tech support business plan template and sample plan created using our business plan generator:
 

I. Executive Summary

Company Overview

At TechGuardian Support Services, nestled in the heart of Wilkes-Barre, PA, we are excited to position ourselves as the leading tech support hub for the local community. Our mission is to fill the significant gap in high-quality tech assistance that has been notably absent in the area. Our comprehensive offerings include Remote Access Software, Help Desk Ticketing System, Knowledge Base/FAQ Software, and Diagnostic Tools, all designed to provide timely and efficient tech support solutions. Additionally, our Communication Platforms ensure clear and continuous interaction between our tech support teams and clients. By basing our operations in Wilkes-Barre, we are dedicated to contributing to the local economy and fostering community spirit through indispensable tech support services.

Success Factors

Our confidence in the potential for success of TechGuardian Support Services is rooted in strong foundations. With invaluable experience from our founder who has previously run a successful tech support enterprise, we are set for triumph. Our unique approach, which includes offering self-service options and facilitating superior communication between tech support teams and clients, distinguishes us from competitors and establishes us as industry leaders. Since our inception on January 3, 2024, as a C Corporation, we have achieved significant milestones such as developing our unique logo, securing a prime location for our operations, and creating a distinctive company name, demonstrating our commitment to a strong foundation for TechGuardian Support Services.

Industry Analysis

The Tech Support industry in the United States, currently valued at over $45 billion, is expected to grow steadily at an annual rate of 5% over the next five years. TechGuardian Support Services is strategically positioned to capitalize on key industry trends, including the shift towards remote and outsourced support services and an increasing emphasis on cybersecurity and data protection. With the integration of technology in daily life and businesses relying more on digital systems, the demand for our services, especially remote support and comprehensive cybersecurity, is poised to grow, enabling us to solidify our position in the market.

Customer Analysis

Our primary targets are local residents and small to medium-sized businesses in Wilkes-Barre, PA, who require expert assistance with their technology needs. We cater to a wide range of clients, from tech-savvy individuals seeking occasional help to businesses needing comprehensive support for their technical infrastructure. Educational institutions and senior citizens represent significant segments of our market, each requiring specialized support to meet their unique technological challenges. By providing tailored solutions and personalized support, we aim to bridge the digital divide and enhance the technological experience for all our clients, fostering a connected and technologically proficient community.

Competitive Analysis

Our main competitors include Computer Planet, NEPA Geeks, and Computer Shop. Each offers a range of tech support services but with limitations such as geographic reach, service costs, and diversified offerings. TechGuardian Support Services sets itself apart with key competitive advantages like our user-friendly self-service access and superior communication tools. Our emphasis on empowering clients to resolve minor issues independently, coupled with our investment in state-of-the-art communication and highly trained support teams, enables us to offer efficient and effective solutions, ensuring faster resolution times for critical problems and establishing us as a leader in the tech support industry.

Marketing Plan

Our marketing strategy encompasses a broad spectrum of promotional methods, aimed at building our brand and attracting customers. We will leverage online marketing, including SEO, PPC advertising, and social media marketing, to ensure high visibility and engagement. Email marketing and local outreach, such as community events and partnerships with local businesses, will complement our online efforts. Our promotional plan includes a referral program to incentivize word-of-mouth marketing and content marketing to showcase our expertise. By utilizing these diverse promotional channels, we aim to establish a strong market presence and foster lasting relationships with our clientele.

Operations Plan

To guarantee the success of TechGuardian Support Services, we have established key operational processes including effective customer support across various channels, systematic ticket management, regular knowledge base updates, and continuous system monitoring. Our operations also encompass hardware and software installation, security management, regular data backups, client training, and vendor management. We are committed to maintaining compliance, managing inventory, collecting customer feedback, and ensuring financial health through meticulous billing and payment processes. By achieving milestones such as securing initial funding, hiring and training a core team, and reaching $15,000/month in revenue, we will ensure our operational success and scalability.

Management Team

Under the leadership of Clara Gray, our President, TechGuardian Support Services boasts a management team with unmatched experience and expertise. Clara’s previous success in running a tech support company and her strategic vision equip us to excel in the competitive tech support landscape. Her commitment to operational excellence and sustainable growth ensures that our team is capable of delivering exceptional service and driving the company towards achieving its goals.

Financial Plan

To reach our growth goals, TechGuardian Support Services requires $175,000 in funding. This investment will be allocated towards capital expenses such as location buildout and equipment, as well as operational costs including staff salaries, marketing, and initial rent. With this funding, we aim to establish a solid foundation for our services, ensuring we can provide top-quality tech support and achieve a consistent monthly revenue of $15,000, setting the stage for future expansion and success.

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 $3,029,806 $3,280,765 $3,552,512 $3,846,767 $4,165,395
Direct Expenses $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Gross Profit $1,807,118 $1,995,787 $2,202,070 $2,427,526 $2,673,851
Gross Profit (%) 59.6% 60.8% 62% 63.1% 64.2%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,710,032 $1,895,756 $2,099,004 $2,321,333 $2,564,436
Depreciation $16,000 $16,000 $16,000 $16,000 $16,000
Amortization $0 $0 $0 $0 $0
Interest Expense $17,500 $17,500 $17,500 $17,500 $17,500
Income Tax Expense $586,786 $651,789 $722,926 $800,741 $885,827
Net Income $1,089,746 $1,210,466 $1,342,577 $1,487,092 $1,645,108

 

II. Company Overview

TechGuardian Support Services is a pioneering Tech Support venture nestled in the heart of Wilkes-Barre, PA. We are thrilled to introduce ourselves as the go-to local tech support hub, filling a significant gap in the market for high-quality tech assistance. Our mission is clear: to deliver unparalleled tech support services to our community, where such services have been noticeably lacking.

At TechGuardian Support Services, our offering is comprehensive and designed to meet a wide array of technical needs. Our products and services encompass Remote Access Software, allowing us to troubleshoot issues without the need for physical presence, thus offering timely and efficient solutions. Our Help Desk Ticketing System ensures that all customer queries are tracked and resolved systematically, guaranteeing no request goes unanswered. Our Knowledge Base/FAQ Software serves as a first point of reference for clients seeking self-help options, while our Diagnostic Tools enable us to quickly identify and address technical problems. Additionally, our Communication Platforms facilitate seamless interaction between our tech support teams and clients, ensuring clear and continuous communication throughout the problem-solving process.

Our home is Wilkes-Barre, PA, where we proudly serve the local populace. By choosing to base TechGuardian Support Services in Wilkes-Barre, we are committed to contributing to the local economy and fostering a sense of community by providing a service that is much needed in the area.

Our confidence in TechGuardian Support Services’ potential for success is grounded in solid foundations. Our founder brings invaluable experience from previously running a successful tech support enterprise, setting the stage for our venture’s triumph. Moreover, our approach to offering customers self-service options, alongside facilitating superior communication between our tech support teams and clients, sets us apart from competitors and positions us as a leader in the field.

Since our founding on January 3, 2024, as a C Corporation, we have made significant strides. Our accomplishments to date include the creation of our unique logo, the development of our distinctive company name, and securing a prime location for our operations. These milestones, though initial, are indicative of our commitment to establishing a robust foundation for TechGuardian Support Services.

 

III. Industry Analysis

The Tech Support industry in the United States is currently estimated to be worth over $45 billion. This market size is expected to continue growing at a steady pace, with a projected annual growth rate of 5% over the next five years. As technology becomes more integrated into everyday life and businesses rely more heavily on digital systems, the demand for Tech Support services is only expected to increase.

One of the key trends in the Tech Support industry is the shift towards remote and outsourced support services. This trend is driven by advancements in technology that allow for more efficient and cost-effective ways to provide technical assistance to customers. TechGuardian Support Services, as a new player in the industry, is well-positioned to take advantage of this trend by offering remote support services to customers in Wilkes-Barre, PA and beyond.

Additionally, another trend in the Tech Support industry is the increasing focus on cybersecurity and data protection. With the rise of cyber threats and data breaches, businesses and individuals are placing a greater emphasis on securing their digital assets. TechGuardian Support Services can capitalize on this trend by offering comprehensive cybersecurity services to their customers, further solidifying their position in the market.

 

IV. Customer Analysis

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

Target Customers

We will target local residents in Wilkes-Barre, PA, who require assistance with their personal technology needs. This includes individuals who may need support with setting up new devices, troubleshooting software issues, or optimizing their home networks. Our services will cater to both tech-savvy users who need occasional help and those who require more comprehensive, ongoing support. Small and medium-sized businesses in the area will also be a primary focus for us. These businesses often lack the resources to maintain in-house IT staff and will benefit from our expertise in managing their technical infrastructure. We will offer tailored solutions that ensure their operations run smoothly, thereby minimizing downtime and increasing productivity.

Additionally, we will target educational institutions such as schools and colleges. These organizations will require specialized support for their unique technological setups, including maintaining computer labs, ensuring secure online learning environments, and providing training for faculty and students. By partnering with these institutions, we will play a vital role in enhancing the educational experience in Wilkes-Barre. Finally, we will reach out to senior citizens who may find modern technology overwhelming. We will offer personalized, patient, and easy-to-understand tech support that helps them stay connected with family and friends, manage their health through telemedicine, and enjoy digital entertainment. Our goal will be to bridge the digital divide and make technology accessible to all age groups.

Customer Needs

Customers expect high-quality tech support that resolves their issues efficiently and effectively. They need assurance that their technology problems are handled by knowledgeable professionals who can provide quick and accurate solutions. In addition, customers appreciate a friendly and approachable support team that can make them feel comfortable and understood.

Many customers require assistance with setting up new devices, troubleshooting hardware and software issues, and optimizing their systems for better performance. They also need help with data recovery, virus removal, and ensuring their devices are secure from cyber threats. Beyond just fixing problems, customers seek guidance on best practices and advice on how to avoid future issues.

Customers value 24/7 availability, as tech issues can arise at any time and require immediate attention. They also look for convenient support channels, such as phone, email, live chat, and in-person assistance, to suit their preferences and schedules. Additionally, affordability and transparent pricing are crucial, ensuring that customers receive excellent service without unexpected costs.

 

V. Competitive Analysis

Direct Competitors

TechGuardian Support Services’s competitors include the following companies:

Computer Planet

Computer Planet offers a wide range of tech support services including hardware repair, software installation, and network setup. They charge competitive rates, typically ranging from $50 to $150 per service. Revenues for Computer Planet are estimated to be around $1.5 million annually. They operate from a single location in Wilkes-Barre, PA. Their primary customer segments include small businesses and residential customers in the Wilkes-Barre area. One of their key strengths is their experienced staff. A key weakness is their limited geographic reach, focusing mainly on the immediate Wilkes-Barre area.

NEPA Geeks

NEPA Geeks specializes in remote tech support, virus removal, and data recovery services. Their services typically cost between $70 and $200. They generate approximately $2 million in annual revenue and operate multiple branches across Northeastern Pennsylvania. Their customer segments include both individuals and small businesses. They cover a broader geographic area compared to other local competitors. One of their key strengths is their efficient remote support capabilities. However, their weakness lies in higher service costs, which may deter budget-conscious customers.

Computer Shop

Computer Shop provides tech support services such as hardware upgrades, custom PC builds, and troubleshooting. Their price points are generally between $60 to $180 per service. With annual revenues of around $1.7 million, they serve customers from their Wilkes-Barre location. Their customer segments primarily include gamers and tech enthusiasts. They serve the local Wilkes-Barre area and neighboring communities. A key strength is their niche focus on custom PC builds. A key weakness is their less diversified service offerings, which may not appeal to a broad audience.

Competitive Advantages

At TechGuardian Support Services, we pride ourselves on offering competitive advantages that set us apart in the tech support industry. One key advantage is our provision of self-service access to our customers. This empowers clients to troubleshoot and resolve minor issues independently, reducing downtime and increasing productivity. Our self-service portal is user-friendly and rich with resources, including FAQs, video tutorials, and step-by-step guides. This not only enhances the customer experience but also allows our support team to focus on more complex issues, ensuring faster resolution times for critical problems.

Another significant advantage is our superior communication facilitation between our tech support teams and clients. We have invested in state-of-the-art communication tools that enable seamless interaction, whether through live chat, email, or phone support. This ensures that our clients can reach us through their preferred method and receive immediate assistance. Additionally, our tech support team is highly trained and equipped with the latest technology, allowing us to provide efficient and effective solutions. Our commitment to ongoing training and development ensures that we stay ahead of industry trends and innovations, further enhancing our ability to deliver top-notch support services.

 

VI. Marketing Plan

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

Products, Services & Pricing

TechGuardian Support Services offers a comprehensive suite of products and services designed to meet the diverse needs of customers. The Remote Access Software allows technicians to troubleshoot and resolve issues from any location, offering convenience and efficiency at an average cost of $50 per month per user. This software empowers businesses to minimize downtime and enhance productivity.

The Help Desk Ticketing System is another crucial service, streamlining the process of issue tracking and resolution. This system ensures that all customer queries are addressed promptly and effectively, priced at an average of $75 per month per user. It helps companies keep track of customer interactions, improving overall service quality.

Knowledge Base/FAQ Software is available to assist customers in finding solutions to common issues independently. This software supports self-service, reducing the burden on support teams and making it easier for customers to access information. The average price for this software is $40 per month per user, making it an affordable option for businesses looking to enhance customer experience.

Diagnostic Tools are essential for identifying and resolving technical problems quickly. These tools can diagnose a wide range of issues, enabling swift corrective action. The average cost for Diagnostic Tools is $30 per month per user, offering a cost-effective solution for maintaining system health and performance.

Communication Platforms facilitate seamless interaction between customers and support teams. These platforms support various communication channels, including chat, email, and voice, ensuring that customers can reach support representatives through their preferred method. The average price for these platforms is $60 per month per user, providing a robust solution for effective communication.

Promotions Plan

At TechGuardian Support Services, we believe in utilizing a diverse range of promotional methods to attract customers and establish our presence in the community. Our primary focus lies in Online Marketing, leveraging various digital platforms to reach a broad audience. We will employ search engine optimization (SEO) techniques to ensure our website ranks high in search results, making it easier for potential clients to find us. Additionally, we will use pay-per-click (PPC) advertising to target specific keywords related to tech support services, ensuring our ads appear to those actively seeking assistance. Social media marketing will also play a crucial role in our strategy. We will maintain active profiles on platforms such as Facebook, Instagram, Twitter, and LinkedIn, sharing valuable content, tips, and customer success stories. By engaging with our audience through regular posts and interactive sessions, we will build a loyal community and enhance brand visibility. Email marketing will be another key component of our promotional efforts. We will create informative and engaging newsletters to keep our subscribers updated on our latest services, promotions, and tech tips.

This direct line of communication will help us maintain a relationship with our customers and encourage repeat business. Local marketing initiatives will complement our online efforts. We will collaborate with local businesses, participate in community events, and sponsor local tech-related gatherings to increase our visibility within Wilkes-Barre, PA. By fostering these local connections, we will build trust and credibility in our immediate market. Referral programs will incentivize our satisfied customers to spread the word about our services. We will offer discounts or rewards to clients who refer new customers to us, thereby leveraging word-of-mouth marketing to expand our customer base. Content marketing will be integral to our strategy as well. We will regularly publish high-quality blog posts, how-to guides, and video tutorials on our website, addressing common tech issues and offering solutions. This valuable content will not only attract organic traffic but also position us as industry experts.

Lastly, we will utilize online review platforms such as Google My Business and Yelp to gather positive reviews from satisfied customers. Encouraging clients to leave reviews will boost our online reputation and influence potential customers’ decisions. By combining these promotional methods, we expect to effectively attract and retain customers, establishing TechGuardian Support Services as a trusted provider of tech support in the community.

 

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 TechGuardian Support Services, there are several key day-to-day operational processes that we will perform:

  • Customer Support: Provide timely and effective technical support through various channels such as phone, email, live chat, and on-site visits.
  • Ticket Management: Use a ticketing system to log, track, and prioritize customer issues, ensuring quick resolution and follow-up.
  • Knowledge Base Maintenance: Develop and regularly update a comprehensive knowledge base to help both customers and support staff resolve common issues efficiently.
  • System Monitoring: Continuously monitor clients’ IT systems to identify and resolve potential issues before they impact business operations.
  • Hardware and Software Installation: Install and configure new hardware and software for clients, ensuring compatibility and optimal performance.
  • Security Management: Implement and manage security protocols, including firewalls, antivirus software, and regular system updates to protect client data.
  • Regular Backups: Perform regular data backups and ensure that restoration processes are in place to prevent data loss.
  • Client Training: Offer training sessions to clients on new technologies, software applications, and best practices for IT security.
  • Vendor Management: Coordinate with third-party vendors for hardware, software, and service needs, ensuring timely procurement and maintenance.
  • Reporting: Generate regular reports on system performance, security incidents, and support ticket status for internal review and client updates.
  • Inventory Management: Maintain an up-to-date inventory of hardware and software assets, ensuring that stock levels are adequate to meet client needs.
  • Compliance and Documentation: Ensure all operations comply with relevant regulations and maintain detailed documentation for all processes and client interactions.
  • Customer Feedback: Collect and analyze customer feedback to continuously improve service quality and address any areas of concern.
  • Team Coordination: Hold daily or weekly team meetings to discuss ongoing issues, share knowledge, and plan for upcoming tasks and projects.
  • Financial Management: Manage invoicing, billing, and payment collection processes to ensure timely revenue flow.
  • Marketing and Outreach: Conduct marketing activities to attract new customers and retain existing ones, including social media engagement and local community involvement.
  • Continuous Learning: Encourage staff to participate in ongoing training and certification programs to stay updated with the latest technologies and industry best practices.

Milestones

TechGuardian Support Services expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure Initial Funding: Obtain the necessary capital to cover startup costs, including equipment, office space, and initial staffing.
  • Hire and Train Core Team: Recruit skilled technical support staff and provide comprehensive training to ensure high-quality service delivery.
  • Launch Our Tech Support: Officially start offering tech support services to customers in Wilkes-Barre, PA, ensuring all systems and processes are fully functional.
  • Implement Customer Service Protocols: Establish robust customer service protocols to handle inquiries, issues, and feedback efficiently, ensuring customer satisfaction.
  • Develop a Marketing and Sales Strategy: Execute targeted marketing campaigns to build brand awareness and attract initial customers.
  • Onboard First 100 Customers: Secure the first 100 paying customers to build a foundation of recurring revenue and gather early feedback for service improvements.
  • Establish Key Partnerships: Form strategic alliances with local businesses, suppliers, and industry influencers to enhance service offerings and market reach.
  • Get to $15,000/Month in Revenue: Achieve a consistent monthly revenue of $15,000, ensuring financial sustainability and operational scalability.
  • Refine Service Offerings: Continuously improve and expand services based on customer feedback and market demand to stay competitive.
  • Implement Advanced Security Measures: Ensure robust cybersecurity protocols are in place to protect client data and maintain trust.

 

VIII. Management Team

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

Management Team Members

TechGuardian Support Services management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Clara Gray, President

Clara Gray has a history of success and has successfully run a tech support company in the past. Her extensive experience in the tech industry, combined with her proven leadership abilities, makes her an invaluable asset to TechGuardian Support Services. Clara’s strategic vision and operational expertise ensure the company stays ahead in a rapidly evolving market. Under her guidance, the team is well-positioned to deliver exceptional support services and drive the company towards sustainable growth.

 

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 $3,029,806 $3,280,765 $3,552,512 $3,846,767 $4,165,395
Direct Expenses $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Gross Profit $1,807,118 $1,995,787 $2,202,070 $2,427,526 $2,673,851
Gross Profit (%) 59.6% 60.8% 62% 63.1% 64.2%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,710,032 $1,895,756 $2,099,004 $2,321,333 $2,564,436
Depreciation $16,000 $16,000 $16,000 $16,000 $16,000
Amortization $0 $0 $0 $0 $0
Interest Expense $17,500 $17,500 $17,500 $17,500 $17,500
Income Tax Expense $586,786 $651,789 $722,926 $800,741 $885,827
Net Income $1,089,746 $1,210,466 $1,342,577 $1,487,092 $1,645,108

Funding Requirements/Use of Funds

To accomplish our growth goals, TechGuardian Support Services needs $175,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $50,000
Furniture $10,000
Equipment, Machines, and Computers $20,000
Non Capital Investments
Working Capital $50,000
Initial Rent/Lease (3 months) $6,000
Staff Salaries for the First 3 Months $30,000
Initial Marketing and Advertising $5,000
Supplies $2,000
Insurance $2,000

Financial Projections

financial projection tech support business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $3,029,806 $3,280,765 $3,552,512 $3,846,767 $4,165,395
Total Revenues $3,029,806 $3,280,765 $3,552,512 $3,846,767 $4,165,395
Direct Costs
Direct Costs $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Total Direct Costs $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
GROSS PROFIT $1,807,118 $1,995,787 $2,202,070 $2,427,526 $2,673,851
GROSS PROFIT % 59.6% 60.8% 62% 63.1% 64.2%
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 $1,710,032 $1,895,756 $2,099,004 $2,321,333 $2,564,436
Depreciation $16,000 $16,000 $16,000 $16,000 $16,000
Amortization $0 $0 $0 $0 $0
EBIT $1,694,032 $1,879,756 $2,083,004 $2,305,333 $2,548,436
Interest Expense $17,500 $17,500 $17,500 $17,500 $17,500
PRETAX INCOME $1,676,532 $1,862,256 $2,065,504 $2,287,833 $2,530,936
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,676,532 $1,862,256 $2,065,504 $2,287,833 $2,530,936
Income Tax Expense $586,786 $651,789 $722,926 $800,741 $885,827
NET INCOME $1,089,746 $1,210,466 $1,342,577 $1,487,092 $1,645,108
Net Profit Margin (%) 36% 36.9% 37.8% 38.7% 39.5%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $1,052,657 $2,263,118 $3,604,183 $5,095,438 $6,561,289
Other Current Assets $260,067 $281,609 $304,934 $320,563 $347,116
Total Current Assets $1,312,724 $2,544,727 $3,909,118 $5,416,002 $6,908,405
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $80,000 $80,000 $80,000 $80,000 $80,000
Accum Depreciation $16,000 $32,000 $48,000 $64,000 $80,000
Net fixed assets $64,000 $48,000 $32,000 $16,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,376,724 $2,592,727 $3,941,118 $5,432,002 $6,908,405
LIABILITIES & EQUITY
Current Liabilities $111,978 $117,514 $123,327 $127,119 $133,413
Debt outstanding $175,000 $175,000 $175,000 $175,000 $0
Total Liabilities $286,978 $292,514 $298,327 $302,119 $133,413
Share Capital $0 $0 $0 $0 $0
Retained earnings $1,089,746 $2,300,213 $3,642,791 $5,129,883 $6,774,992
Total Equity $1,089,746 $2,300,213 $3,642,791 $5,129,883 $6,774,992
TOTAL LIABILITIES & EQUITY $1,376,724 $2,592,727 $3,941,118 $5,432,002 $6,908,405

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $1,089,746 $1,210,466 $1,342,577 $1,487,092 $1,645,108
Change in Working Capital ($148,089) ($16,005) ($17,512) ($11,837) ($20,258)
Plus Depreciation $16,000 $16,000 $16,000 $16,000 $16,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $957,657 $1,210,461 $1,341,065 $1,491,254 $1,640,850
CASH FLOW FROM INVESTMENTS
Fixed Assets ($80,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($80,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $175,000 $0 $0 $0 ($175,000)
Net Cash Flow from Financing $175,000 $0 $0 $0 ($175,000)
Net Cash Flow $1,052,657 $1,210,461 $1,341,065 $1,491,254 $1,465,850
Cash at Beginning of Period $0 $1,052,657 $2,263,118 $3,604,183 $5,095,438
$1,052,657 $2,263,118 $3,604,183 $5,095,438 $6,561,289

 

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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