PrintingSolutions.com will be an online provider of printing and B2B print services, focusing on the business market. This will be fortified with the company’s graphic art and website design services.
The online print shop will offer customers a one-stop shop for addressing their printing needs. Customers will be able to easily design and order customization on thousands of products, primarily small-quantity printed products. By automating and enhancing the print order process and electronically connecting our online printing services to carefully-selected commercial print vendors, it is believed, based on experience in the printing industry, that the company will significantly reduce the costs and inefficiencies associated with the traditional printing process. Our online print services are designed to be more convenient and cost-effective than printing alternatives provided through traditional print channels.
PrintingSolutions.com will simplify the design and ordering process in several ways, including the elimination of manual steps and handwritten forms used by traditional print shops. The company believes this will significantly reduce reprint-due-to-error costs and the associated print wastage incurred by commercial print vendors. Exact re-prints of previous orders will be available at a reduced cost. At the same time, the company will lower costs and improve capacity utilization for its commercial print vendors since it will electronically route orders to commercial print vendors that have idle capacity. PrintingSolutions.com also believes that these efficiencies, incorporated with lower overhead costs due to the online nature and automation, will allow the company to be more cost effective than traditional printing alternatives. Furthermore, the cost of printing will be greatly reduced by using the offshore printing press affiliate, Creative Designs and Printers.
In addition to providing customers with online print services directly through the PrintingSolutions.com website, the company will be conducting B2B through PrintingSolutionsB2B.com.
Graphic Art Design: PrintingSolutions.com will provide a graphic art design center where customers will describe their company to enable a graphic art designer to create a logo for them.
Website Design: Customers will also be able to have website designers create effective websites for their company. Customers will choose from either a template or a customized website, whichever suits their business needs.
Business Stationery: This will initially include:
All services provided by PrintingSolutions.com (business stationery products, website designers, and graphic art designs) originate overseas; when necessary, a United States-based team will provide assistance.
Customers will be able to work with the designers online for any changes or enhancements once the initial designs have been completed. Delivery of graphic art designs and websites will be done electronically, with the option of receiving a compact disk.
In the event that an error is made in printing an order, customers will have the option of returning it to have it reprinted. Otherwise, all sales will be final, since the printing will be customized and cannot be resold. Customers will not be able to cancel the order once the materials are printed.
Customers will be able to contact the company via the Internet through email, and interactive tools such as AOL instant messenger and Microsoft net-meeting. Additionally, the company will provide traditional telephone customer service.
The challenges for an online print shop which are not typically faced by other electronic commerce vendors include:
PrintingSolutions.com believes that, with our technology expertise, we will be able to address these challenges while also handling large numbers of customer design sessions and orders. We feel this represents a competitive advantage.
Customized printing will be offered in the future on products including:
PrintingSolutions.com will eventually provide franchising opportunities. As the need for doing business in the information age evolves, so will we. The company will provide resources for customers to remain on the cutting edge of technology.
PrintingSolutions.com will focus on small and start-up business customers in the United States. We plan to aggressively pursue and acquire customers through direct business promotions and convert them into repeat paying customers. We will continually strive to provide consumers with more cost-effective avenues, offering substantial savings rather than just a few cents.
PrintingSolutions.com will also be configured to stay ahead of, and capitalize on, emerging market trends such as integration of information/markets and increasing sophistication of online offerings. This will provide a continuously improving, superior customer experience and grow value.
There is a serious benefit deficiency in existing “brick and mortar” printing establishments that create inefficiencies in the ordering and production process. Utilizing the benefits of Internet selling will eliminate many of these problems and create a lower-cost environment.
At the present, PrintingSolutions.com faces major online competition from iPrint.com, which is an established online printer. However, iPrint.com does not offer the lowest cost products on the market, nor does it provide all of the printing services a business needs. Therefore, there is significant opportunity to gain market share.
The company will be primarily targeting small and start-up businesses in the United States; however the company plans to negotiate deals with big businesses. Vendors will include printers and graphic art designers around the world that will be able to help define these markets using the PrintingSolutions.com B2B portal. While the primary focus will be on business customers, PrintingSolutions.com’s ability to print in small quantities will allow the company to service the printing needs of individuals as well.
To ensure success, the company will continuously attract new customers, many of whom may have personal and long-standing relationships with traditional print and design shops, catalog vendors, office supply chains and stationery stores. Traditional print and design shops have many advantages which PrintingSolutions.com cannot offer its customers, including physical proximity and interpersonal business relationships. In addition, catalog vendors may be better able to combine orders to achieve economies of scale and may be more convenient for customers who also want to purchase non-printed products, such as office furniture.
PrintingSolutions.com plans to aggressively pursue and acquire customers through promotions and convert them into repeat paying customers. Direct business promotions are the most important vehicle that the company will use to acquire customers. These promotions may include providing the customer a product, such as a mailing label at no charge, or charging the customer only for shipping and handling, in order to introduce that customer to our products and services.
PrintingSolutions.com plans to expand its business and customer base by offering business promotions on a continuous basis. PrintingSolutions.com will continually strive to provide consumers with more cost-effective avenues, offering substantial savings rather than just a few cents. Using offshore print companies as partners and having partners bid on jobs will be one avenue used to ensure the best prices for our customers.
The following chart and table express the projected number of potential customers in the United States by market segment. Although it is planned to make PrintingSolutions.com a global company, the initial phase of market penetration will focus on the domestic market.
Note: Although the large business segment consists of the smallest number of businesses, this group generates the largest sales and revenues of all three segments. Additionally, it is believed that the company’s ability to gain market share in the third category, “Individual customers,” will be relatively small in comparison with the other two. This is due to the primary concentration of marketing efforts on the business segments.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Small Businesses Utilizing Internet | 8% | 4,970,000 | 5,342,750 | 5,743,456 | 6,174,215 | 6,637,281 | 7.50% |
Large Businesses Utilizing Internet | 6% | 113,600 | 119,848 | 126,440 | 133,394 | 140,731 | 5.50% |
Individuals Utilizing Internet w/Printing Needs | 27% | 5,430,000 | 6,896,100 | 8,758,047 | 11,122,720 | 14,125,854 | 27.00% |
Total | 18.75% | 10,513,600 | 12,358,698 | 14,627,943 | 17,430,329 | 20,903,866 | 18.75% |
Printing Solutions has chosen to focus on the small business market segment as its primary customer base because these customers usually have the lowest switching costs, do not have long-term relationships with other printing companies, and are the most aggressive in searching for low-cost printing services. Furthermore, Printing Solution’s ability to route jobs of various sizes to printers with temporary excess capacity matches well with these companies, who usually desire smaller print jobs than the larger companies.
As stated previously, PrintingSolutions.com will also focus on large businesses. The advantage with this market segment is that each job usually offers a higher margin than compared with the small business segment.
Finally, the company will also address individual needs. This is potentially the largest market; however, there is a relatively high churn rate in this segment that will require more extensive marketing efforts to attract new customers. This, in turn, lowers the margin and makes this segment the least attractive.
The evolution of vertical e-marketplaces
From isolated niche offerings . . . e-marketplaces begin their lives by providing a narrow range of targeted products for a buyer base. FairMarket, for example, was launched as a website where electronics manufacturers and distributors could auction surplus electronic components to resellers and system integrators. This highly-focused effort enables online markets to gain initial traction.
. . . to highly interconnected one-stop shops. Vertical e-marketplaces will grow to provide a single access point for commerce and information within an industry–combining multiple services like logistics, payments, and credit with product offerings in real time. As an example, e-marketplace participants purchasing containers of extruded plastic will be able to access specific cargo insurance quotes in the midst of arranging logistics tailored to that order.
2000 To 2001: Racing To Establish Credibility
Over the next 12 to 18 months, e-marketplaces will continue their attack on narrowly-scoped industry inefficiencies by focusing on simple themes:
2001+: Building Value through Networks.
Beginning in 2001, e-marketplaces will move beyond basic issues of critical mass and begin reaching out, beyond their websites, to integrate more intensely with other product and service providers. Market makers that make it to this more evolved stage will look to provide a broader set of capabilities to participants by:
Market Description
Printing can be a major area of expenditure for small businesses. Based on data from CAP Ventures, Inc., an independent print research firm, sales in the United States printing industry totaled $292 billion in 1998, of which $58 billion was derived from commercial printing operations. Short-run, customized items, which include a wide range of business, promotional and general office products, as well as consumer items, comprise a significant portion of these commercial printing operations. This market is highly fragmented, with an estimated 50,000 local and regional commercial printers in the United States.
The traditional process of purchasing short-run print items can be time consuming and error prone. Small businesses and consumers often lack the financial resources to create economies of scale when purchasing printed products. According to the International Data Corporation (IDC), the number of small businesses engaged in e-commerce will grow from 400,000 at the end of 1998 to nearly 2.8 million by the end of 2003.
The explosive growth of the Internet as a tool for global communications has enabled millions of people to interact electronically. The IDC estimates that there were 142 million Web users worldwide at the end of 1998, and expect this number will grow to approximately 502 million by the end of 2003. Rapid acceptance of the Internet as a communications platform, by both businesses and consumers, has created the foundation for significant growth in business-to-business and business-to-consumer e-commerce. IDC estimates that worldwide commerce over the Internet will increase from approximately $50 billion in 1998 to $1.3 trillion in 2003.
The Small Business Administration (SBA) estimates that more than 98% of all businesses in the United States have fewer than 100 employees. These businesses often lack the size and financial resources to create economies of scale. In particular, these organizations typically do not maintain dedicated procurement departments and often do not achieve significant purchasing leverage. That is why the Internet is so important for these businesses; it can provide small businesses and consumers with a number of advantages when making purchases, including:
Small businesses are taking advantage of the opportunities the Internet affords. The IDC estimates that the number of small businesses engaged in e-commerce will increase 47.1% annually, from 400,000 at the end of 1998 to almost 2.8 million at the end of 2003, signaling the broad adoption of the Internet by these small enterprises.
The widespread adoption of the Internet as a purchasing vehicle has created a wealth of opportunities for businesses that offer products and services to small businesses and consumers. Simultaneously, it has given both small businesses and consumers a wider variety of products from which to choose at competitive prices.
Highlights of Market
E-marketplace Reports
The research shows that e-marketplaces will be responsible for 53% of all online business trade. Research also indicates that more companies are moving to make purchases and sales on the Internet and are looking to build deeper relationships with business partners. This research has also shown:
The B2B arena reshaping e-marketplaces. The initial wave of B2B e-commerce has been dominated by extranets that automate off-line processes between partners. However, the Net is now moving to a new business venue, e-marketplaces, where the dynamic many-to-many interactions will supplant stagnant one-to-one relationships. These new trading arenas will flourish because:
E-marketplaces will face a changing business environment. As more and more companies compete in the B2B market, there are going to be companies that will either have to sell or go out of business due to:
PrintingSolutions.com will ensure our success by combining the most functionally-rich e-marketplace with the best prices for our customers. PrintingSolutions.com will aggressively pursue partnerships and develop a large customer base to get a strong foothold in the markets it ventures into. New vertical e-marketplace rules will emerge. As the competition increases in these vertical e-marketplaces, the operators will have to update their strategies and change their business paradigm to:
The traditional process of purchasing printing can be time consuming and error prone. Businesses, particularly self-employed individuals and small businesses, often lack the financial resources to create economies of scale when purchasing printed products.
PrintingSolutions.com believes that consumers will choose products and services based on the following criteria:
Traditionally, the primary cost of printing customized products has been working with customers to decide what needs to be printed. This required a design phase that normally employed the services of a graphics team. By providing predefined templates that enable our customers to customize a product online, the company will eliminate the need for a graphics team for the most significant portion of the work. For products such as brochures and logo designs, PrintingSolutions.com will utilize its offshore resources to complete the job. By enabling customers to do the majority of their own design work, and utilizing the offshore resources, we will significantly reduce our overhead and pass substantial savings on to our customers.
For specialized printing services, PrintingSolutions.com will provide customer service through a combination of electronic and personal assistance. In addition to the above mentioned benefits, we will provide our customers with significant advantages over commercial print vendors. Based on knowledge within the commercial printing industry, we believe that, by integrating our technologies into those of our commercial print vendors and utilizing the “what-you-see-is-what-you-get” approach, we will significantly reduce reprint-due-to-error rates and print wastage.
The prime competitive threat comes from iPrint.com, a company that currently dominates the market. Its weakness, however, is charging too much. iPrint.com, is an Internet print shop that allows customers to create custom printed products. iPrint.com has developed cutting-edge technology and harnessed the power of the Internet to bring dramatic change to the centuries old printing industry. iPrint.com allows customers to design and order customized printed products such as business cards, office stationery, business checks and forms, personalized company post-it notes, logo coffee cups, promotional t-shirts and photo mouse pads. The company focuses on the business market.
Competitive threats also come from any company that is able to provide the services offered by PrintingSolutions.com at lower prices. The only way to accomplish that is for other companies to have what PrintingSolutions.com will have in terms of knowledge and overseas resources, both in the Internet technology field and printing resources.
The focus of competitors is on printing services, which are grossly overpriced. PrintingSolutions.com will focus on providing more than just printing: the company plans to provide an environment where companies can get their business running as quickly as possible for the best price. Additionally, once the B2B portion of the website is established, the company will be able to further promote competition and gain a larger customer base while limiting operational costs.
PrintingSolutions.com will differentiate itself from competitors by obtaining a global demand for its services. The company will constantly re-evaluate its rates and services to achieve a leading position in the industry, thus allowing customers to attain the services that PrintingSolutions.com provides with substantial savings over competitors’ prices.
The advantage of PrintingSolutions.com will be its team of highly-qualified professionals that have been working in the technology industry for years. Additionally, the company will benefit from having resources outside the United States, and will leverage them extremely well, while keeping the cost of operation down.
The objective of PrintingSolutions.com is to become the leading online provider of printing and private-brand print services. As part of the ongoing strategy, the company plans to:
Through the online print shop, PrintingSolutions.com will offer consumers a single location to satisfy the majority of their printing needs. The company will develop a user-friendly website for obtaining professional quality, mass-market printed products. This will provide customers a compelling alternative to traditional print channels. PrintingSolutions.com will also offer specialized websites and printing services for print items or quantities that are not generally offered in the self-service print shop. By automating the print order process and connecting online print services to carefully selected commercial print vendors, it is believed that the costs of printing will be significantly reduced.
PrintingSolutions.com will strive to develop the most recognized and trusted brand for printing services on the Internet. To expand our customer base and to extend the image of the company, we plan to aggressively promote the PrintingSolutions.com brand through a combination of online and traditional media advertising, public relations and participation in trade shows. The company also plans to expand our affiliate and co-branded online website strategies through agreements with a range of destination websites.
The company will be promoting PrintingSolutions.com and PrintingSolutionsB2B.com over the Internet through:
Internet ads are an obvious choice because that is the nature of our business. Marketing will also be done through printed media such as national newspapers and magazines. Newspaper and magazine ads will be used since our customers include business people who read various publications. Television ads will be used in certain markets, as PrintingSolutions.com will be targeting large cities with a great number of businesses.
PrintingSolutions.com’ products and services will address the need for assisting customers in obtaining their business stationery, graphic art designs and websites at more affordable prices than are currently being offered.
The company sets its pricing based on what competitors are offering, and cuts that number in half. Website development will be provided at a flat rate, with additional changes being billed at an hourly rate. PrintingSolutions.com will provide technical support as needed to ensure that a customer’s website gets up and running. We will provide free technical support for websites for their first six months. Beyond that, an hourly rate will be applied. Logo designs will also be charged at a flat rate and, as with the development of the websites, with additional changes being charged by the hour.
The company’s sales strategy will be relatively minimal since PrintingSolutions.com is offering distant, self-customizing services. It is expected that the company’s marketing efforts will bring customers to the website, and the benefits of convenience, customization and low price as advertised on the website will be the incentives to close a sale. Promotions and add-on products coupled with continuing low prices will create repeat business.
Most importantly, PrintingSolutions.com will provide our customers exactly what they want or there will be no charge.
The following table and charts show our projected sales and direct costs for the next three years.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Internet Printing Products | $250,000 | $2,910,000 | $5,820,000 |
Other | $0 | $0 | $0 |
Total Sales | $250,000 | $2,910,000 | $5,820,000 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Internet Printing Products | $80,000 | $125,000 | $200,000 |
Other | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $80,000 | $125,000 | $200,000 |
The company has strategic alliances with Network Systems, Software Developers, and Custom Designs and Printers. These alliances are valuable to us because they will allow the company to utilize the knowledge and resources of these firms with no additional cost to the business. PrintingSolutions.com plans to also form strategic alliances with search engines such as Yahoo! and Lycos to promote the website, as well as exploring the possibility of forming strategic partnerships with content providers such as America Online.
The e-marketplaces will become an enduring reality in the business landscape. While the growth of these venues will spur continuous change, the company will be participating in these e-marketplaces as buyers. PrintingSolutions.com will begin to experiment with these online marketplaces with a minimum of 1% of its procurement dollars. This level of effort will enable the company to optimize purchasing in a dynamic pricing world. There will be the added bonus of also understanding the different vertical markets so that, when the time comes, we will know where to look to form strategic alliances
The company also plans to pursue strategic relationships with leading destination websites and media companies in order to increase traffic to its website. By aggressively pursuing new relationships, we believe we can accelerate the acquisition of new customers and increase usage of our online print store.
Sample Milestones topic text.
The milestones table and chart show the specific detail about actual program activities that should be taking place during the year. Each one has its manager, starting date, ending date, and budget. During the year we will be keeping track of implementation against plan, with reports on the timely completion of these activities as planned.
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Sample Milestones | 1/4/2008 | 1/4/2008 | $0 | ABC | Department |
Finish Business Plan | 4/29/2009 | 5/29/2009 | $100 | Dude | Boss |
Acquire Financing | 5/9/2009 | 6/28/2009 | $200 | Dudette | Legumers |
Ah HA! Event | 5/19/2009 | 5/24/2009 | $60 | Marianne | Bosses |
Oh NO! Event | 6/28/2009 | 7/3/2009 | $0 | Gloworm | Nobs |
Grande Opening | 6/28/2009 | 7/3/2009 | $500 | Gloworm | Nobs |
Marketing Program Starts | 5/29/2009 | 6/23/2009 | $1,000 | Glower | Marketeers |
Plan vs. Actual Review | 10/24/2009 | 10/31/2009 | $0 | Galore | Alles |
First Break-even Month | 2/25/2010 | 3/27/2010 | $0 | Bouys | Salers |
Hire Employees | 1/24/2010 | 2/23/2010 | $150 | Gulls | HRM |
Upgrade Business Plan Pro | 4/14/2010 | 4/16/2010 | $100 | Brass | Bossies |
Totals | $2,110 |
PrintingSolutions.com will offer printing, website and graphic art design at affordable prices. The company’s proprietary product will be a website that will provide customers an avenue to create business stationery. PrintingSolutions.com will allow customers to track their purchases from start to finish. They will be able to view their selections online and make modifications at any time; customers will have access to service 24 hours a day, seven days a week.
The software that supports the online print shop is a collection of integrated software modules that will enable PrintingSolutions.com to quickly create, maintain, modify, or replace individual components. PrintingSolutions.com will create its proprietary software modules using development and technical standards and practices, and without significant dependencies on specific operating systems, databases, or Web server technologies. As a result, the company will be able to move portions of its software between different databases, operating systems, and Web server products to upgrade capacity or take advantage of price or performance improvements, as they become available.
The following is a description of the key software modules that will be found on the PrintingSolutions.com website:
Design Standards
PrintingSolutions.com will offer the following design standards:
Depth and Integration
PrintingSolutions.com will have depth, which means that the software will allow the customer to go beyond the basics. Depth will apply to each module individually: estimating, cost collection, and accounting. Software without depth is limited and can be frustrating to a consumer.
The company will have the ability to confirm customer information when processing an estimate. We will also be able to convert an estimate to a job and automatically allocate inventory, verify credit limits, allow for coverage, and put all outside buys on a ‘must buy’ list for purchasing and updating work-in-process. When a job is billed, all information will be fully automatic. Then, after billing, the work-in-process, job history, job archives, accounts receivable, sales tax, sales commission liability, sales revenue, production scheduling, active job file, and inventory files will all be automatically updated.
We will have depth in accounting. This implies the following:
Management will initially consist of Mr. Dalton Grant, president and CEO. Additionally, the company’s webmaster will act as assistant manager and oversee many of the day-to-day functions of the company.
Additional management personnel, such as a marketing manager and product managers, will be hired as growth dictates.
The company’s management philosophy will be based on responsibility and mutual respect. PrintingSolutions.com will maintain an environment and structure that will encourage productivity and respect for customers and fellow employees. Additionally, the environment will encourage employees to have fun by allowing creative independence and providing challenges that are realistic and rewarding. Printing Solution’s organizational structure is illustrated in the Personnel table below.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Dalton Grant | $34,785 | $35,000 | $47,825 |
Webmaster | $52,175 | $52,174 | $52,174 |
Website developers | $0 | $50,000 | $75,000 |
Marketing Coordinator | $34,785 | $34,783 | $39,131 |
Outsourcing Coordinator | $34,785 | $34,783 | $39,131 |
Office Assistant | $17,390 | $17,391 | $17,391 |
Total People | 5 | 5 | 5 |
Total Payroll | $173,921 | $224,131 | $270,652 |
Mr. Dalton Grant, President and CEO. Mr. Grant will be responsible for the direction and overall performance of PrintingSolutions.com. Mr. Grant was the CEO of Delta Printing Services. His previous positions included, Director of Network Systems Development in Nortel, in which he lead a team of over 350 people. His responsibilities at Nortel directly affected revenue of over $10 million.
Funding Requirements and Uses
The company will be raising $2 million for the purposes of:
Start-up Funding | |
Start-up Expenses to Fund | $880,000 |
Start-up Assets to Fund | $1,150,000 |
Total Funding Required | $2,030,000 |
Assets | |
Non-cash Assets from Start-up | $200,000 |
Cash Requirements from Start-up | $950,000 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $950,000 |
Total Assets | $1,150,000 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $500,000 |
Long-term Liabilities | $450,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $950,000 |
Capital | |
Planned Investment | |
Investor 1 | $400,000 |
Investor 2 | $430,000 |
Dalton Grant | $250,000 |
Additional Investment Requirement | $0 |
Total Planned Investment | $1,080,000 |
Loss at Start-up (Start-up Expenses) | ($880,000) |
Total Capital | $200,000 |
Total Capital and Liabilities | $1,150,000 |
Total Funding | $2,030,000 |
PrintingSolutions.com currently has no operating history, which makes it difficult to forecast future operating results. The company will encounter risks and difficulties that start-ups frequently encounter in rapidly evolving and competitive markets. These risks include expanding the number of certified commercial print vendors and improving technological and logistical connections to these vendors. If these risks are not addressed successfully, the business will be seriously harmed.
Due to the nature of Internet business, the performance and fluctuations in quarterly sales and operating expenses will depend on the current marketplace and competition. The performance of PrintingSolutions.com will depend on market and industry risk factors that the company recognizes it will be subject to. The company’s view of its risks is as follows:
The success of PrintingSolutions.com will depend on a significant number of print-buying customers knowing about, and regularly using, our services. The market for Internet-enabled printing services is at an early stage of development. Many customers will be addressing issues such as quality, reliability, billing, delivery, and customer service for the first time in a self-service, Internet-based, print creation and ordering environment. Educating potential customers is a complex, time consuming and expensive process. In many cases, organizations must change established business practices and conduct business in new ways to use the services.
Nature and Limitation of Projections . This financial projection is based on sales volume at the levels described in the revenue section and presents, to the best of management’s knowledge and belief, the company’s expected assets, liabilities, capital, revenues, and expenses. The projections reflect management’s judgement of the expected conditions and its expected course of action given the hypothetical assumptions.
Nature of Operations. The company operates as an Oregon C-corporation.
Revenues. PrintingSolutions.com will generate revenues from the sale of a variety of printed products to end user customers. The company’s products and services will be available to customers through the PrintingSolutions.com and PrintingSolutionsB2B.com websites, managed PrintingSolutionsB2B.com affiliates and co-branded websites, and privately-branded websites.
The company will not recognize revenues until the product is shipped, collection of the receivable will be probable, and commercial print vendors have fulfilled all contractual obligations to the customer. PrintingSolutions.com will take title to all products that the company instructs its commercial print vendors to produce. PrintingSolutions.com believes that purchases by businesses will account for a majority of its revenues and will record sales net of discounts. The company will record the cost of promotional products that it will give away at no charge as a sales and marketing expense.
A significant portion of revenue will be generated through barter transactions with participants in the co-branded program in which PrintingSolutions.com will sell printed products in exchange for online advertising. Barter transaction revenues and related advertising costs will be recorded at the fair value of the goods or services provided or received, whichever will be more easily determined in the circumstances. The majority of revenues will be generated from sources within the United States; therefore, all sales will be in the United States dollar currency.
Expenses. The company’s expenses will be primarily those of salaries, sales commissions, and administrative costs. The company will categorize its operating expenses into research and development, sales and marketing, and general and administrative.
Research and development expenses will primarily consist of personnel costs, including costs related to consultants and outside contractors.
Sales and marketing expenses will consist of the cost of free promotional products, the cost of marketing programs including advertisements, costs to acquire email lists, personnel and related costs for our marketing staff and customer support groups, and participation in trade shows.
General and administrative expenses will primarily consist of personnel and related costs for corporate functions, including finance, accounting, legal, human resources, facilities, and management of commercial print vendor relationships.
Cost of sales. Cost of sales will primarily consist of direct expenses relating to printing products, rework and reprinting charges, shipping and handling fees, royalties on software licenses, and credit card processing fees.
The following chart and table outline the break-even analysis for PrintingSolutions.com.
Break-even Analysis | |
Monthly Revenue Break-even | $94,646 |
Assumptions: | |
Average Percent Variable Cost | 32% |
Estimated Monthly Fixed Cost | $64,359 |
PrintingSolutions.com is in the early stage of development; thus, initial projections have only been made on accounts that are believed to most drive the income statement. The following table provides Printing Solution’s projected income statements for 2000-2002. PrintingSolutions.com operates on a fiscal year ending in December. In order to reflect fiscal year projections of revenue and profit, only the last six months of year 2000 shows income. This reflects the projected launch date of the company.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $250,000 | $2,910,000 | $5,820,000 |
Direct Cost of Sales | $80,000 | $125,000 | $200,000 |
Other | $10,000 | $30,000 | $55,000 |
Total Cost of Sales | $90,000 | $155,000 | $255,000 |
Gross Margin | $160,000 | $2,755,000 | $5,565,000 |
Gross Margin % | 64.00% | 94.67% | 95.62% |
Expenses | |||
Payroll | $173,921 | $224,131 | $270,652 |
Marketing/Promotion | $429,998 | $360,000 | $565,000 |
Depreciation | $0 | $0 | $0 |
Software/IS expense | $90,000 | $60,000 | $85,000 |
Contract Labor | $26,091 | $35,000 | $35,000 |
Legal and Professiona expense | $20,002 | $10,000 | $10,000 |
Bank charges | $2,300 | $2,000 | $2,000 |
Rent | $30,000 | $15,000 | $15,000 |
Payroll Taxes | $0 | $0 | $0 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $772,312 | $706,131 | $982,652 |
Profit Before Interest and Taxes | ($612,312) | $2,048,869 | $4,582,348 |
EBITDA | ($612,312) | $2,048,869 | $4,582,348 |
Interest Expense | $83,535 | $63,252 | $42,084 |
Taxes Incurred | $0 | $496,404 | $1,153,984 |
Net Profit | ($695,847) | $1,489,213 | $3,386,280 |
Net Profit/Sales | -278.34% | 51.18% | 58.18% |
The following table has calculated that the company will have a negative cash outflow during the first year based on the start-up costs outlined in topic 2.0. However, the company will not begin financing or operations until July, 2000. In order to offset this supposed outflow, increases in the initial cash requirements in the Start-up table have been provided. The differences between calculated cash and actual needs will be used for other start-up costs. It is assumed that there will be no dividend payments for the first three years of business.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $62,500 | $727,500 | $1,455,000 |
Cash from Receivables | $128,267 | $1,552,257 | $3,675,524 |
Subtotal Cash from Operations | $190,767 | $2,279,757 | $5,130,524 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $190,767 | $2,279,757 | $5,130,524 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $173,921 | $224,131 | $270,652 |
Bill Payments | $717,104 | $1,175,362 | $2,096,935 |
Subtotal Spent on Operations | $891,024 | $1,399,493 | $2,367,587 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $166,656 | $166,656 | $166,688 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $45,000 | $45,000 | $45,000 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $1,102,680 | $1,611,149 | $2,579,275 |
Net Cash Flow | ($911,914) | $668,609 | $2,551,249 |
Cash Balance | $38,086 | $706,695 | $3,257,944 |
The following table outlines some key financial information for PrintingSolutions.com.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $38,086 | $706,695 | $3,257,944 |
Accounts Receivable | $59,233 | $689,476 | $1,378,952 |
Inventory | $14,667 | $22,917 | $36,667 |
Other Current Assets | $200,000 | $200,000 | $200,000 |
Total Current Assets | $311,986 | $1,619,088 | $4,873,563 |
Long-term Assets | |||
Long-term Assets | $0 | $0 | $0 |
Accumulated Depreciation | $0 | $0 | $0 |
Total Long-term Assets | $0 | $0 | $0 |
Total Assets | $311,986 | $1,619,088 | $4,873,563 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $69,489 | $99,033 | $178,917 |
Current Borrowing | $333,344 | $166,688 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $402,833 | $265,721 | $178,917 |
Long-term Liabilities | $405,000 | $360,000 | $315,000 |
Total Liabilities | $807,833 | $625,721 | $493,917 |
Paid-in Capital | $1,080,000 | $1,080,000 | $1,080,000 |
Retained Earnings | ($880,000) | ($1,575,847) | ($86,634) |
Earnings | ($695,847) | $1,489,213 | $3,386,280 |
Total Capital | ($495,847) | $993,366 | $4,379,646 |
Total Liabilities and Capital | $311,986 | $1,619,088 | $4,873,563 |
Net Worth | ($495,847) | $993,366 | $4,379,646 |
The table below provides key ratios in the Industry Profile column for the commercial printing industry, as found in the Standard Industry Classifications (SIC) index, code 2759. We have projected healthy ratios for the first three years of operation, and foresee a continuing upwards trend throughout the company’s life.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 1064.00% | 100.00% | 2.00% |
Percent of Total Assets | ||||
Accounts Receivable | 18.99% | 42.58% | 28.29% | 27.00% |
Inventory | 4.70% | 1.42% | 0.75% | 11.70% |
Other Current Assets | 64.11% | 12.35% | 4.10% | 23.60% |
Total Current Assets | 100.00% | 100.00% | 100.00% | 62.30% |
Long-term Assets | 0.00% | 0.00% | 0.00% | 37.70% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 129.12% | 16.41% | 3.67% | 30.60% |
Long-term Liabilities | 129.81% | 22.23% | 6.46% | 25.50% |
Total Liabilities | 258.93% | 38.65% | 10.13% | 56.10% |
Net Worth | -158.93% | 61.35% | 89.87% | 43.90% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 64.00% | 94.67% | 95.62% | 36.90% |
Selling, General & Administrative Expenses | 280.80% | 47.95% | 39.59% | 19.10% |
Advertising Expenses | 40.00% | 6.01% | 4.30% | 0.60% |
Profit Before Interest and Taxes | -244.92% | 70.41% | 78.73% | 2.40% |
Main Ratios | ||||
Current | 0.77 | 6.09 | 27.24 | 2.06 |
Quick | 0.74 | 6.01 | 27.03 | 1.44 |
Total Debt to Total Assets | 258.93% | 38.65% | 10.13% | 56.10% |
Pre-tax Return on Net Worth | 140.34% | 199.89% | 103.67% | 4.90% |
Pre-tax Return on Assets | -223.04% | 122.64% | 93.16% | 11.20% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | -278.34% | 51.18% | 58.18% | n.a |
Return on Equity | 0.00% | 149.92% | 77.32% | n.a |
Activity Ratios | ||||
Accounts Receivable Turnover | 3.17 | 3.17 | 3.17 | n.a |
Collection Days | 55 | 63 | 86 | n.a |
Inventory Turnover | 10.91 | 6.65 | 6.71 | n.a |
Accounts Payable Turnover | 11.32 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 26 | 23 | n.a |
Total Asset Turnover | 0.80 | 1.80 | 1.19 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 0.00 | 0.63 | 0.11 | n.a |
Current Liab. to Liab. | 0.50 | 0.42 | 0.36 | n.a |
Liquidity Ratios | ||||
Net Working Capital | ($90,847) | $1,353,366 | $4,694,646 | n.a |
Interest Coverage | -7.33 | 32.39 | 108.88 | n.a |
Additional Ratios | ||||
Assets to Sales | 1.25 | 0.56 | 0.84 | n.a |
Current Debt/Total Assets | 129% | 16% | 4% | n.a |
Acid Test | 0.59 | 3.41 | 19.33 | n.a |
Sales/Net Worth | 0.00 | 2.93 | 1.33 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Internet Printing Products | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $41,667 | $43,667 | $42,667 | $41,667 | $40,667 | $39,667 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $0 | $0 | $0 | $0 | $0 | $0 | $41,667 | $43,667 | $42,667 | $41,667 | $40,667 | $39,667 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Internet Printing Products | $0 | $0 | $0 | $0 | $0 | $0 | $13,333 | $13,333 | $13,333 | $13,333 | $13,333 | $13,333 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $13,333 | $13,333 | $13,333 | $13,333 | $13,333 | $13,333 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Dalton Grant | 0% | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 |
Webmaster | 0% | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 | $4,348 |
Website developers | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Marketing Coordinator | 0% | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 |
Outsourcing Coordinator | 0% | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 |
Office Assistant | 0% | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 | $1,449 |
Total People | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
Total Payroll | $14,494 | $14,494 | $14,494 | $14,494 | $14,494 | $14,494 | $14,493 | $14,493 | $14,493 | $14,493 | $14,493 | $14,493 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $0 | $0 | $0 | $0 | $0 | $0 | $41,667 | $43,667 | $42,667 | $41,667 | $40,667 | $39,667 | |
Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $13,333 | $13,333 | $13,333 | $13,333 | $13,333 | $13,333 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | |
Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | |
Gross Margin | $0 | $0 | $0 | $0 | $0 | $0 | $26,667 | $28,667 | $27,667 | $26,667 | $25,667 | $24,667 | |
Gross Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 64.00% | 65.65% | 64.84% | 64.00% | 63.11% | 62.18% | |
Expenses | |||||||||||||
Payroll | $14,494 | $14,494 | $14,494 | $14,494 | $14,494 | $14,494 | $14,493 | $14,493 | $14,493 | $14,493 | $14,493 | $14,493 | |
Marketing/Promotion | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | $35,833 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Software/IS expense | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Contract Labor | $0 | $0 | $0 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | $2,899 | |
Legal and Professiona expense | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | |
Bank charges | $50 | $50 | $50 | $50 | $50 | $50 | $333 | $333 | $333 | $333 | $333 | $333 | |
Rent | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
Payroll Taxes | 15% | $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 Operating Expenses | $62,044 | $62,044 | $62,044 | $64,943 | $64,943 | $64,943 | $65,225 | $65,225 | $65,225 | $65,225 | $65,225 | $65,225 | |
Profit Before Interest and Taxes | ($62,044) | ($62,044) | ($62,044) | ($64,943) | ($64,943) | ($64,943) | ($38,558) | ($36,558) | ($37,558) | ($38,558) | ($39,558) | ($40,558) | |
EBITDA | ($62,044) | ($62,044) | ($62,044) | ($64,943) | ($64,943) | ($64,943) | ($38,558) | ($36,558) | ($37,558) | ($38,558) | ($39,558) | ($40,558) | |
Interest Expense | $7,770 | $7,623 | $7,476 | $7,329 | $7,182 | $7,035 | $6,888 | $6,741 | $6,594 | $6,447 | $6,300 | $6,153 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($69,814) | ($69,667) | ($69,520) | ($72,272) | ($72,125) | ($71,978) | ($45,446) | ($43,299) | ($44,152) | ($45,005) | ($45,858) | ($46,711) | |
Net Profit/Sales | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -109.07% | -99.16% | -103.48% | -108.01% | -112.77% | -117.76% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $0 | $0 | $0 | $0 | $0 | $0 | $10,417 | $10,917 | $10,667 | $10,417 | $10,167 | $9,917 | |
Cash from Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,042 | $31,300 | $32,725 | $31,975 | $31,225 | |
Subtotal Cash from Operations | $0 | $0 | $0 | $0 | $0 | $0 | $10,417 | $11,958 | $41,967 | $43,142 | $42,142 | $41,142 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $0 | $0 | $0 | $0 | $0 | $0 | $10,417 | $11,958 | $41,967 | $43,142 | $42,142 | $41,142 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $14,494 | $14,494 | $14,494 | $14,494 | $14,494 | $14,494 | $14,493 | $14,493 | $14,493 | $14,493 | $14,493 | $14,493 | |
Bill Payments | $1,844 | $55,315 | $55,168 | $55,117 | $57,773 | $57,626 | $58,477 | $86,793 | $72,468 | $72,321 | $72,174 | $72,027 | |
Subtotal Spent on Operations | $16,338 | $69,809 | $69,662 | $69,611 | $72,267 | $72,120 | $72,970 | $101,286 | $86,961 | $86,814 | $86,667 | $86,520 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | $13,888 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | $3,750 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $33,976 | $87,447 | $87,300 | $87,249 | $89,905 | $89,758 | $90,608 | $118,924 | $104,599 | $104,452 | $104,305 | $104,158 | |
Net Cash Flow | ($33,976) | ($87,447) | ($87,300) | ($87,249) | ($89,905) | ($89,758) | ($80,191) | ($106,965) | ($62,632) | ($61,310) | ($62,163) | ($63,016) | |
Cash Balance | $916,024 | $828,577 | $741,277 | $654,028 | $564,123 | $474,365 | $394,174 | $287,209 | $224,576 | $163,266 | $101,103 | $38,086 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $950,000 | $916,024 | $828,577 | $741,277 | $654,028 | $564,123 | $474,365 | $394,174 | $287,209 | $224,576 | $163,266 | $101,103 | $38,086 |
Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31,250 | $62,958 | $63,658 | $62,183 | $60,708 | $59,233 |
Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14,667 | $14,667 | $14,667 | $14,667 | $14,667 | $14,667 |
Other Current Assets | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 |
Total Current Assets | $1,150,000 | $1,116,024 | $1,028,577 | $941,277 | $854,028 | $764,123 | $674,365 | $640,091 | $564,834 | $502,901 | $440,116 | $376,478 | $311,986 |
Long-term Assets | |||||||||||||
Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Assets | $1,150,000 | $1,116,024 | $1,028,577 | $941,277 | $854,028 | $764,123 | $674,365 | $640,091 | $564,834 | $502,901 | $440,116 | $376,478 | $311,986 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $53,476 | $53,334 | $53,192 | $55,852 | $55,710 | $55,568 | $84,377 | $70,057 | $69,915 | $69,773 | $69,631 | $69,489 |
Current Borrowing | $500,000 | $486,112 | $472,224 | $458,336 | $444,448 | $430,560 | $416,672 | $402,784 | $388,896 | $375,008 | $361,120 | $347,232 | $333,344 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $500,000 | $539,588 | $525,558 | $511,528 | $500,300 | $486,270 | $472,240 | $487,161 | $458,953 | $444,923 | $430,893 | $416,863 | $402,833 |
Long-term Liabilities | $450,000 | $446,250 | $442,500 | $438,750 | $435,000 | $431,250 | $427,500 | $423,750 | $420,000 | $416,250 | $412,500 | $408,750 | $405,000 |
Total Liabilities | $950,000 | $985,838 | $968,058 | $950,278 | $935,300 | $917,520 | $899,740 | $910,911 | $878,953 | $861,173 | $843,393 | $825,613 | $807,833 |
Paid-in Capital | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 | $1,080,000 |
Retained Earnings | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) | ($880,000) |
Earnings | $0 | ($69,814) | ($139,480) | ($209,000) | ($281,272) | ($353,397) | ($425,374) | ($470,821) | ($514,120) | ($558,272) | ($603,277) | ($649,136) | ($695,847) |
Total Capital | $200,000 | $130,186 | $60,520 | ($9,000) | ($81,272) | ($153,397) | ($225,374) | ($270,821) | ($314,120) | ($358,272) | ($403,277) | ($449,136) | ($495,847) |
Total Liabilities and Capital | $1,150,000 | $1,116,024 | $1,028,577 | $941,277 | $854,028 | $764,123 | $674,365 | $640,091 | $564,834 | $502,901 | $440,116 | $376,478 | $311,986 |
Net Worth | $200,000 | $130,186 | $60,520 | ($9,000) | ($81,272) | ($153,397) | ($225,374) | ($270,821) | ($314,120) | ($358,272) | ($403,277) | ($449,136) | ($495,847) |
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Written by Dave Lavinsky
Over the past 20+ years, we have helped over 10,000 entrepreneurs and business owners create business plans to start and grow their screen printing companies. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a screen printing business plan template step-by-step so you can create your plan today.
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A business plan provides a snapshot of your screen printing business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.
If you’re looking to start a screen printing business, or grow your existing screen printing business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your screen printing business in order to improve your chances of success. Your screen printing business plan is a living document that should be updated annually as your company grows and changes.
With regards to funding, the main sources of funding for a screen printing business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.
Personal savings is the other most common form of funding for a screen printing business. Venture capitalists will usually not fund a screen printing business. They might consider funding a screen printing business with a national presence, but never an individual location. This is because most venture capitalists are looking for millions of dollars in return when they make an investment, and an individual location could never achieve such results. With that said, personal savings and bank loans are the most common funding paths for screen printing companies.
How to write a business plan for a screen printing company.
If you want to start a screen printing business or expand your current one, you need a business plan. Below are links to each section of your screen printing business plan template:
Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of screen printing business you are operating and the status. For example, are you a startup, do you have a screen printing business that you would like to grow, or are you operating a chain of screen printing businesses?
Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the screen printing industry. Discuss the type of screen printing business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.
In your company analysis, you will detail the type of screen printing business you are operating.
For example, you might operate one of the following types of screen printing companies:
In addition to explaining the type of screen printing business you will operate, the Company Analysis section of your business plan needs to provide background on the business.
Include answers to question such as:
While this may seem unnecessary, it serves multiple purposes.
First, researching the screen printing industry educates you. It helps you understand the market in which you are operating.
Secondly, market research can improve your strategy, particularly if your research identifies market trends.
The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.
The following questions should be answered in the industry analysis section of your screen printing business plan:
The customer analysis section of your screen printing business plan must detail the customers you serve and/or expect to serve.
The following are examples of customer segments: business owners, event planners and college students
As you can imagine, the customer segment(s) you choose will have a great impact on the type of screen printing business you operate. Clearly, a business owner would respond to different marketing promotions than a frisbee club at a local college, for example.
Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most screen printing businesses primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.
Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.
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Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.
Direct competitors are other screen printing businesses.
Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes clothing stores, texttile printers, and ecommerce companies. You need to mention such competition as well.
With regards to direct competition, you want to describe the other screen printing businesses with which you compete. Most likely, your direct competitors will be house flippers located very close to your location.
For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:
With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.
The final part of your competitive analysis section is to document your areas of competitive advantage. For example:
Think about ways you will outperform your competition and document them in this section of your plan.
Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a screen printing business plan, your marketing plan should include the following:
Product : In the product section, you should reiterate the type of screen printing company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to screen printing, will you provide embroidery, offer bulk discounts, or offer a rewards program for returning clients?
Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the screen printing services you offer and their prices.
Place : Place refers to the location of your screen printing company. Document your location and mention how the location will impact your success. Discuss how your location might be the ideal location for your customers.
Promotions : The final part of your screen printing marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.
Everyday short-term processes include all of the tasks involved in running your screen printing business, including promoting your company, researching potential clientele, tracking inventory, and screen printing.
Long-term goals are the milestones you hope to achieve. These could include when you hope to reach $X in revenue or the date when you hope to secure your X th client. It could also be when you expect to expand your screen printing business to a 2 nd location.
To demonstrate your screen printing business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.
Ideally you and/or your team members have direct experience in managing screen printing businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.
If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing screen printing companies or successfully running small businesses.
Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.
An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.
In developing your income statement, you need to devise assumptions. For example, will you purchase new inventory once per month or twice per month? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.
Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your screen printing business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.
In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a screen printing business:
Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or product design mock-ups.
Putting together a business plan for your screen printing business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the screen printing industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful business.
Don’t you wish there was a faster, easier way to finish your Screen Printing business plan?
Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.
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Document description.
This printing company business plan template has 33 pages and is a MS Word file type listed under our business plan kit documents.
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Published Jan.04, 2017
Updated Apr.24, 2024
By: Brandi Marcene
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Table of Content
Do you want to get into the business of t-shirt printing? Well, the market has immense potential provided you plan for it well.
At the core of every business is careful planning. To make sure that all the aspects of a business are planned, you need to outline a business plan. Moreover, when you are starting a business, it is evident that you will face unprecedented situations. If you have not planned for your major operations, you are likely to make the wrong decision during a crisis.
For reference, you can take help from this business plan t-shirt printing , written for Splash Prints. This template can help you if you wonder how I start my own t-shirt company . It can also help you manage operations, finances, and resources.
For greater and in-depth knowledge of the business world, you are recommended to g through some relevant strategic plan ssuch as a tattoo shop business plan.
2.1 business introduction.
Splash Prints will be a t-shirt printing company started in Orlando, Florida. It will be owned and managed by Halie James. The business will aim to become the main source of T-shirt printing in Florida for both its citizens and the tourists who visit its different theme parks throughout the year.
Starting a t-shirt design company is all about creativity and management. If you have the creativity to bring forth services and products that are appealing to the customers, then all you have to do is manage the work, and the company will no doubt succeed. So, if you’re thinking about how to start a t-shirt design company, one of the first things you need to focus on is the business plan for investors .
Here, we are presenting the t-shirt printing business plan sample for Splash Prints. You can follow along with this t-shirt printing business plan pdf to write a business plan for your business. You can also look at relevant plans such as screen print on T-shirt business plan to include all the necessary details of your business.
The customers of Splash Prints will belong to all domains and work areas. However, our focus groups will include:
The target of our business is to become the main hub for t-shirt design and printing throughout Orlando and gain a 70% share of the market within two years.
Our financial targets to meet for the first three years of our launch are demonstrated below:
3.1 company owner.
Halie James will be the owner of Splash Prints. She finished her MBA about a year ago, after which she started to focus on all the requirements needed for starting and maintaining a business. She even worked in an industry to learn the best management techniques that she could apply in her own business.
Splash T-Shirts had been a dream of Halie James ever since she was young. She wanted a business that could bring unique expression and a fresh perspective to the market. Therefore, she worked to start Splash T-Shirts, an artistic t-shirt design and print center that will allow various artists to showcase their works and provide these works of art to people at reasonable costs.
Step1: Plan It Out!
You might be wondering how to start a small t shirt company. Well, the first step is always researching and planning.
This sample business plan for t shirt printing can help you with it. We have provided this business plan template for t shirt company for free so that anyone can benefit.
In this free t shirt printing business plan, we will provide a marketing plan, sales strategy, personnel, and financial plan for Splash Prints.
Step2: Define the Brand
An important aspect of business plan for t shirt printing is developing a brand name around the company. A t-shirt business is purely a business dependent on self-expression. Therefore, Halie decided to do this by allowing artists to showcase their art in the store so that more people would be attracted.
Step3: Find the Perfect Space
The location of your business matters a lot, especially if it is an artistic business. To make her store stand out, Halie chose a central position in the market and chose an open concept store to provide more space.
Step4: Create Hype Online
It is crucial for any apparel business nowadays to use the internet to its advantage. Halie decided that she would set up social media profiles for her business on all the major websites and post regularly. She would also use the live feature to showcase interviews with the weekly artists.
Step5: Promote and Market
As the final nail on the board, Halie will utilize all physical and virtual resources she has to promote her business. She will hire expert marketing managers for this purpose.
Legal | $113,400 |
Consultants | $0 |
Insurance | $22,200 |
Rent | $31,600 |
Research and Development | $10,000 |
Expensed Equipment | $53,200 |
Signs | $3,400 |
Start-up Assets | $132,400 |
Cash Required | $239,000 |
Start-up Inventory | $39,000 |
Other Current Assets | $122,000 |
Long-term Assets | $287,000 |
Start-up Expenses to Fund | $233,800 |
Start-up Assets to Fund | $819,400 |
Assets | |
Non-cash Assets from Start-up | $990,800 |
Cash Requirements from Start-up | $133,000 |
Additional Cash Raised | $50,000 |
Cash Balance on Starting Date | $35,000 |
Liabilities and Capital | |
Liabilities | $13,200 |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $58,100 |
Other Current Liabilities (interest-free) | $0 |
Capital | |
Planned Investment | $1,053,200 |
Investor 1 | $0 |
Investor 2 | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
Loss at Start-up (Start-up Expenses) | $84,300 |
A business is defined by the services it provides. Therefore, you have to be very careful when deciding the range and scope of your services in the t shirt printing company business plan. Deciding on your services in the t shirt printing business plan will help you manage all the other aspects of your business in a better and more efficient way.
So, when you’re wondering how do you start your own t shirt company, think about the unique benefit you will give your customers through your services. This will be a very crucial base for your business’s success.
In this t shirt printing business plan template free, we are describing all the unique services provided by Splash Prints.
Splash Prints will provide customers with a platform to design their very own prints for their t-shirts. Through this platform, customers will not only be able to decide the material and other particulars of the shirt but also be able to specify the areas they want their design. Customers can also reach out to our designers for better ideas.
In addition to the t-shirt designs available in our stores, our customers can also have custom-designed t-shirts printed within a day.
As the store is based around the idea of selling t-shirts, we will offer regular collections of t-shirt designs for customers to choose from.
Once a month, Splash Prints will partner with top-notch artists to design a special collection of shirts that will be available for a week only.
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Before starting a tshirt printing company, it is important to know who you are going to serve. Besides, you need to explore the macroeconomic trends of the market to gauge your position among other businesses. All these aspects are to be grouped into a marketing plan such as the one we have provided in this sample business plan t shirt printing.
In this business plan for t shirt printing pdf, we are providing the general market trends for t-shirt enterprise. In addition, we are providing a stepwise guide on how to make a successful t shirt company. We are also documenting the marketing plan for t shirt printing business so that you can have a thorough understanding of each aspect.
You can also visit greeting card business plan or another printed t shirts business plan to be more prepared.
According to GrandViewResearch, the U.S. custom t-shirt printing business has a market value of $3.96 billion and it is steadily growing with a growth rate of 9.7%. It is expected to reach $7.57 billion in market value by 2028, which means that this is the prime time to start an influential business in this domain.
To know how to start my own t shirt brand, you can refer to the sections above.
The customers of Splash Prints are divided into the following categories:
5.2.1 teens .
Our primary customers will be teens in the surrounding area because this is traditionally the group that is most attracted to colorful new designs. Therefore, we expect to have frequent visits by teens who are looking for comic-related or trendy t-shirts.
The second group of customers will be the young adults. This group is expected to avail of customizable design options.
As Florida is filled with theme parks, it gains a lot of tourists throughout the year. Splash Prints will try to attract them by establishing deals with different theme parks. We will set up small stands with a small collection in these theme parks where tourists can look at some of our products. This will be done to attract them to our main shop.
We will also be targeting local retail shops and supplying them with small portions of our collections so that we have a greater reach than just our one initial shop.
Teens | 34% | 33,900 | 40,680 | 48,816 | 58,579 | 70,295 | 10.00% |
Young Adults | 28% | 26,800 | 32,160 | 38,592 | 46,310 | 55,572 | 10.00% |
Tourists | 12% | 12,700 | 15,240 | 18,288 | 21,946 | 26,335 | 10.00% |
Retail Shops | 26% | 22,300 | 26,760 | 32,112 | 38,534 | 46,241 | 11.00% |
10% |
Our prices will be slightly higher than other printing stores in the market, but our print quality will be better than our competitors. We will also offer exclusive deals and discounts to our customers.
Marketing is an important part of learning how to start a home t shirt business. You need to develop a business plan of t shirt printing to manage this part well. It should follow a similar structure as this sample business plan t shirt printing. You can also refer to a gift shop business plan to get more diverse sales strategy ideas.
Here, we are presenting the marketing strategy that Splash Prints will employ to boost its sales:
Unit Sales | |||
Customized Design | 2,500 | 2,650 | 2,809 |
Customized Printing | 1,500 | 1,590 | 1,685 |
Regular Collections | 2,550 | 2,703 | 2,865 |
Special Collections | 1,550 | 1,643 | 1,742 |
Unit Prices | Year 1 | Year 2 | Year 3 |
Customized Design | $125.00 | $145.00 | $168.20 |
Customized Printing | $125.00 | $145.00 | $168.20 |
Regular Collections | $100.00 | $116.00 | $134.56 |
Special Collections | $85.00 | $98.60 | $114.38 |
Sales | |||
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Customized Design | $20.00 | $22.00 | $23.10 |
Customized Printing | $20.00 | $22.00 | $23.10 |
Regular Collections | $24.00 | $26.40 | $27.72 |
Special Collections | $18.00 | $19.80 | $20.79 |
Direct Cost of Sales | |||
In the t-shirt printing business, customers will have to interact with your employees daily. To make sure that the customers are satisfied with your services, it is essential to have employees with great interpersonal skills.
When you explore how to start a successful t shirt brand, you should also take down the type of employees you will be needing. Moreover, it is a good practice to also include the performance appraisal and reward system in your t shirts printing business plan.
Here, we are listing the staff required by Splash Prints with the average expected salaries.
Manager | $32,000 | $35,200 | $38,720 |
Sales Officials | $88,000 | $96,800 | $106,480 |
Cleaners | $42,500 | $46,750 | $51,425 |
HR & Media Managers | $42,500 | $46,750 | $51,425 |
Accountant | $25,000 | $27,500 | $30,250 |
Receptionist | $25,000 | $27,500 | $30,250 |
T shirt startup costs can be daunting. But the good thing is that all business-related finances can be managed and turned into profit via a detailed business plan. For this purpose, most entrepreneurs hire a professional financial analyst.
To make a detailed financial plan that can guarantee success, you need to draft balance sheets for at least three years. You need to figure out your average expenditures against the profit so that you don’t go into a loss. Moreover, you need to draw graphs for break-even analysis and gross margins to have a clearer idea of your net worth and financial standing.
For an in-depth understanding of the components of a financial plan, you may also visit photography company business plan .
In this printing t shirt business plan, we are providing the financial plan for Splash Prints for guidance:
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 8.12% | 8.20% | 8.26% |
Long-term Interest Rate | 8.40% | 8.44% | 8.47% |
Tax Rate | 24.03% | 24.21% | 24.60% |
Other | 0 | 0 | 0 |
Monthly Units Break-even | 5340 |
Monthly Revenue Break-even | $132,500 |
Assumptions: | |
Average Per-Unit Revenue | $231.00 |
Average Per-Unit Variable Cost | $0.62 |
Estimated Monthly Fixed Cost | $163,800 |
Other | $0 | $0 | $0 |
TOTAL COST OF SALES | |||
Expenses | |||
Payroll | $255,000 | $280,500 | $308,550 |
Sales and Marketing and Other Expenses | $145,000 | $148,000 | $156,000 |
Depreciation | $2,300 | $2,350 | $2,500 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $2,900 | $3,000 | $3,100 |
Insurance | $2,100 | $2,100 | $2,100 |
Rent | $2,900 | $3,000 | $3,200 |
Payroll Taxes | $24,000 | $25,000 | $27,000 |
Other | $0 | $0 | $0 |
Profit Before Interest and Taxes | $283,450 | $429,227 | $618,791 |
EBITDA | $283,450 | $429,227 | $618,791 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $56,690 | $85,845 | $123,758 |
Net Profit | $226,760 | $343,382 | $495,033 |
Net Profit/Sales | 25.57% | 31.49% | 36.92% |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $51,000 | $55,080 | $59,486 |
Cash from Receivables | $22,000 | $23,760 | $25,661 |
SUBTOTAL CASH FROM OPERATIONS | |||
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
SUBTOTAL CASH RECEIVED | |||
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $42,000 | $42,000 | $45,000 |
Bill Payments | $27,000 | $28,000 | $31,000 |
SUBTOTAL SPENT ON OPERATIONS | |||
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
SUBTOTAL CASH SPENT | |||
Net Cash Flow | $21,000 | $23,000 | $25,000 |
Cash Balance | $27,000 | $30,000 | $33,000 |
Assets | |||
Current Assets | |||
Cash | $275,000 | $308,000 | $338,800 |
Accounts Receivable | $24,000 | $26,880 | $30,213 |
Inventory | $4,300 | $4,816 | $4,900 |
Other Current Assets | $1,000 | $1,000 | $1,000 |
TOTAL CURRENT ASSETS | |||
Long-term Assets | |||
Long-term Assets | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $19,400 | $21,728 | $24,444 |
TOTAL LONG-TERM ASSETS | |||
TOTAL ASSETS | |||
Liabilities and Capital | Year 4 | Year 5 | Year 6 |
Current Liabilities | |||
Accounts Payable | $18,700 | $20,944 | $23,541 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
SUBTOTAL CURRENT LIABILITIES | |||
Long-term Liabilities | $0 | $0 | $0 |
TOTAL LIABILITIES | |||
Paid-in Capital | $30,000 | $30,000 | $31,000 |
Retained Earnings | $53,000 | $57,770 | $63,547 |
Earnings | $193,400 | $210,806 | $231,887 |
TOTAL CAPITAL | |||
TOTAL LIABILITIES AND CAPITAL | |||
Net Worth | $293,400 | $319,806 | $351,787 |
Sales Growth | 7.25% | 8.03% | 8.90% | 3.00% |
Percent of Total Assets | ||||
Accounts Receivable | 9.21% | 10.20% | 11.31% | 9.80% |
Inventory | 5.39% | 5.97% | 6.62% | 9.90% |
Other Current Assets | 2.11% | 2.34% | 2.59% | 2.40% |
Total Current Assets | 149.80% | 151.00% | 152.00% | 158.00% |
Long-term Assets | 11.55% | 11.60% | 11.64% | 12.00% |
TOTAL ASSETS | ||||
Current Liabilities | 4.90% | 4.94% | 4.98% | 4.34% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 0.00% |
Total Liabilities | 7.59% | 7.65% | 7.72% | 7.38% |
NET WORTH | ||||
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 94.60% | 97.15% | 99.87% | 99.00% |
Selling, General & Administrative Expenses | 93.56% | 96.09% | 98.78% | 97.80% |
Advertising Expenses | 1.52% | 1.56% | 1.60% | 1.40% |
Profit Before Interest and Taxes | 41.50% | 42.62% | 43.81% | 33.90% |
Main Ratios | ||||
Current | 34 | 35 | 36 | 32 |
Quick | 33 | 33.8 | 34.645 | 33 |
Total Debt to Total Assets | 0.18% | 0.18% | 0.17% | 0.40% |
Pre-tax Return on Net Worth | 74.08% | 74.89% | 75.00% | 75.00% |
Pre-tax Return on Assets | 96.30% | 101.12% | 106.17% | 111.30% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 33.56% | 34.60% | 35.67% | N.A. |
Return on Equity | 55.80% | 57.53% | 59.31% | N.A. |
Activity Ratios | ||||
Accounts Receivable Turnover | 7.7 | 7.8 | 7.8 | N.A. |
Collection Days | 100 | 100 | 100 | N.A. |
Inventory Turnover | 32.4 | 34.02 | 35 | N.A. |
Accounts Payable Turnover | 15.6 | 16 | 16.3 | N.A. |
Payment Days | 27 | 27 | 27 | N.A. |
Total Asset Turnover | 2.5 | 2.5 | 2.6 | N.A. |
Debt Ratios | ||||
Debt to Net Worth | -0.04 | -0.03 | -0.04 | N.A. |
Current Liab. to Liab. | 1 | 1 | 1 | N.A. |
Liquidity Ratios | ||||
Net Working Capital | $244,000 | $257,664 | $272,093 | N.A. |
Interest Coverage | 0 | 0 | 0 | N.A. |
Additional Ratios | ||||
Assets to Sales | 0.85 | 0.87 | 0.89 | N.A. |
Current Debt/Total Assets | 1% | 0% | 0% | N.A. |
Acid Test | 29 | 29.12 | 29.16 | N.A. |
Sales/Net Worth | 2.1 | 2.2 | 2.2 | N.A. |
Dividend Payout | 0 | 0 | 0 | N.A. |
Yes. Just as the success of a record store is based on its record label business plan , A t-shirt business can prove profitable as long as you develop a good and thorough printing t shirts business plan.
You can follow the business plan given above to draft your t-shirt strategic plan. As a guide, you should also investigate how to create your own t shirts at home and an enterprise on a large scale.
Screen printing shirts can be profitable if you enter the market after thorough research on how to build a t-shirt business .
The online t-shirt business is immensely profitable especially if you offer customization options to your customers.
If you succeed in developing an accurate business plan for t shirt printing company like the one provided above, then there is a greater chance of success for your online t-shirt business.
Download T-Shirt Printing Business Plan Sample in pdf
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Written by Dave Lavinsky
You’ve come to the right place to create your Screen Printing business plan.
We have helped over 10,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Screen Printing businesses.
Below is a template to help you create each section of your Screen Printing business plan.
Business overview.
Customize-It Screen Printing is a startup screen printing company located in Atlanta, Georgia. The company is founded by John Nelson, a recent graduate of Georgia University with a Bachelor’s degree in Business Administration. While pursuing his college education, John has worked part-time as a screen print operator for a local screen printing company. Now that John has gained the experience of screen printing and the education on how to successfully manage a business, he is ready to start his own company, Customize-It Screen Printing. John plans on recruiting a small team to help manage the day-to-day business operations of screen printing – marketing, packaging, and graphic design. Other business functions such as bookkeeping, customer support, and inventory management will be outsourced or completed using business management software.
Customize-It Screen Printing will provide customized screen-printing services for customers throughout the United States. With a wide range of products available, the company will work with any material that can be screen printed. Customize-It will be the ultimate choice for price and value.
The following are the products that Customize-It Screen Printing will be able to customize:
Customize-It Screen Printing will target individuals, groups, and businesses who are looking to get something customized. The company will target individuals looking to customize items for themselves or gifts for their friends or family members. Customize-It will also target businesses looking to add logos or other personalization to their company T-shirts, binders or other items for corporate events or advertising purposes. Additionally, the company will target groups and organizations looking to get something customized for gatherings like bachelorette parties, baby showers, or sporting events. No matter the customer, Customize-It Screen Printing will deliver the best communication, service, and quality products.
Customize-It Screen Printing will be owned and operated by John Nelson. He has recruited a business school peer, Timothy Hall, to be the designer and help manage the marketing for the company.
John Nelson is a graduate of the University of Georgia with a Bachelor’s degree in Business Administration. He has been working at a local screen printing company for several years as a screen printing operator. John’s organizational skills and attention to detail when it comes to both screen printing and business management have given him the confidence to venture out and open his own company.
Timothy Hall has a Bachelor’s degree in Marketing and an Associate’s degree in Graphic Design. He is skilled in the latest and most popular graphic designer technology. John relies strongly on Timothy’s design skills as well as his marketing and sales knowledge. Timothy has worked as a marketing manager for a local retailer for over ten years and is well equipped to take on a dual role as Customize-It Screen Printing’s Lead Designer and Marketing Manager.
Customize-It Screen Printing will be able to achieve success by offering the following competitive advantages:
Customize-It Screen Printing is seeking $80,000 in debt financing to launch its screen printing business. The funding will be dedicated towards purchasing screen printing equipment and supplies and for business management software. Funding will also be dedicated towards three months of overhead costs to include payroll and marketing expenses. The breakout of the funding is below:
Who is customize-it screen printing.
Customize-It Screen Printing is a newly established screen printing company in Atlanta, Georgia. The company will be the ultimate choice for price and value on custom orders for any material that can be screen printed. Customize-It will provide exceptional customer service for all of its online shoppers with 24/7 customer support and an extensive screen printing guide that will help each customer choose the right materials for their project. With a wide range of products available, the company will work with any material that can be screen printed.
The company’s small team of professionals will ensure that each order is processed smoothly and efficiently. Quality control is important to Customize-It Screen Printing, so the management team will ensure that only high quality materials are used and that each item is thoroughly checked for any flaws before being shipped to customers.
Customize-It is owned and operated by John Nelson, a recent graduate of Georgia University with a Bachelor’s degree in Business Administration. While pursuing his college education, John has worked part-time as a screen print operator for a local screen printing company. John has begun recruiting a small team to help manage the day-to-day business operations of screen printing – marketing, packaging, and graphic design. Other business functions such as bookkeeping, customer support, and inventory management will be outsourced or completed using business management software to save on overhead costs.
Since incorporation, Customize-It Screen Printing has achieved the following milestones:
The following are the types of products that Customize-It Screen Printing will screen print:
According to IBISWorld, the custom screen printing industry is valued at an estimated $9B. There are approximately 12,000 custom screen printing businesses operating in the U.S. with over 67,000 employees. Key external market drivers including per capita disposable income, corporate profit, total advertising expenditure for corporations, and the percentage of business that is conducted online versus in-person.
Apparel is by far the largest segment of screen printed products, accounting for approximately 49.4% of revenue share compared to other types of items such as mugs or plaques. There is an increasing trend for custom t-shirts and other garments by businesses, organizations, and individuals for a variety of purposes from advertising to teambuilding.
With the growing number of screen printing businesses and the increase in online shopping, industry operators can gain a competitive advantage by executing a top notch online marketing campaign, providing exceptional customer service, offering unique products or services, and maintaining competitive prices.
Demographic profile of target market.
Customize-It Screen Printing will target individuals, groups, and businesses in the United States who are looking to get something customized. The company will target individuals looking to personalize items for themselves or gifts for their friends or family members. Customize-It will also target businesses looking to add logos to their company T-shirts, binders, or other items for corporate events or advertising purposes. Additionally, the company will target groups and organizations looking to get something customized for gatherings like bachelorette parties, baby showers, or sporting events. No matter the customer, Customize-It Screen Printing will deliver the best communication, service, and quality products.
The precise demographics for the United States are:
Total | Percent | Male Percent | Female Percent | |
---|---|---|---|---|
Total population | 327,167,439 | (X) | (X) | (X) |
AGE | ||||
Under 5 years | 19,646,315 | 6.00% | 6.20% | 5.80% |
5 to 9 years | 19,805,900 | 6.10% | 6.30% | 5.80% |
10 to 14 years | 21,392,922 | 6.50% | 6.80% | 6.30% |
15 to 19 years | 21,445,493 | 6.60% | 6.80% | 6.30% |
20 to 24 years | 21,717,962 | 6.60% | 6.90% | 6.40% |
25 to 29 years | 23,320,702 | 7.10% | 7.40% | 6.90% |
30 to 34 years | 22,023,972 | 6.70% | 6.90% | 6.60% |
35 to 39 years | 21,571,302 | 6.60% | 6.70% | 6.50% |
40 to 44 years | 19,927,151 | 6.10% | 6.10% | 6.00% |
45 to 49 years | 20,733,440 | 6.30% | 6.40% | 6.30% |
50 to 54 years | 20,871,804 | 6.40% | 6.40% | 6.40% |
55 to 59 years | 21,624,541 | 6.60% | 6.50% | 6.70% |
60 to 64 years | 20,662,821 | 6.30% | 6.10% | 6.50% |
65 to 69 years | 17,107,288 | 5.20% | 5.00% | 5.50% |
70 to 74 years | 13,464,025 | 4.10% | 3.90% | 4.40% |
75 to 79 years | 9,378,512 | 2.90% | 2.60% | 3.10% |
80 to 84 years | 6,169,441 | 1.90% | 1.60% | 2.20% |
85 years and over | 6,303,848 | 1.90% | 1.40% | 2.50% |
Customize-It will primarily target the following customer profiles:
Direct and indirect competitors.
Customize-It Screen Printing will face competition from other companies with similar business profiles. A description of each competitor company is below.
Kustum Screen Printing provides custom screen printing on-demand for customers in Atlanta and surrounding areas. The company’s list of products that can be screen printed includesT-shirts, apparel, hats, mugs, glassware, wood, binders, stickers, and more. Customers can design and purchase screen printed products through Kustum Screen Printing’s intuitive website. Products can then be shipped or picked up in-store.
Kustum Screen Printing’s promise is to deliver high quality products, exceptional customer services, and quick follow up on any issues with custom orders. The management team of experienced screen printing professionals ensures that each order is handled with the best of care.
Screen Print For You is an Atlanta-based screen printing company that provides outstanding customer service and fast processing on all custom orders. Screen Print For You provides personalized screen printing services for individuals, groups, and teams. The owners of Screen Print For You are graphic designers and marketing experts so they can help customers design their products for any purpose from family events to corporate advertising. Customers can depend on their unique screen printing process to create long-lasting designs that will be sure to make a great impression.
Make It Personal Screen Printing is a trusted Atlanta screen printing company that provides superior custom screen printing services throughout the state of Georgia. The company is able to provide a one-stop shop for people looking for unique gifts for loved ones or for businesses looking to get marketing materials personalized with the company logo. Products include T-shirts, sweat shirts, hats, picture frames, keychains, stickers, and binders. Make It Personal Screen Printing is able to ship products throughout the state. Customers can also order online and pick up in store.
Customize-It Screen Printing will be able to offer the following advantages over their competition:
Brand & value proposition.
Customize-It Screen Printing will offer the unique value proposition to its clientele:
The promotions strategy for Customize-It Screen Printing is as follows:
Social Media Marketing
The company’s marketing manager will create accounts on various social media platforms including TikTok, LinkedIn, Instagram, Facebook, and YouTube. The marketing manager will maintain an active presence on all social media, updating accounts with the latest information, special promotions, and designs. Customers will be encouraged to post their purchases on social media and link to the company’s account to stimulate organic growth.
Print Advertising
Customize-It Screen Printing will invest in professionally designed print ads to be displayed in direct mailers, magazines, and newspapers. Direct mailers will be designed to target individuals and business customers.
Broadcast Advertising
The company will invest in commercials to play on multiple streaming platforms, TV channels, radio, and podcasts.
Website/SEO Marketing
Customize-It Screen Printing’s marketing manager will design the company website. The website will be well organized, attractive, and list all of the company’s products and pricing information. The website will include informative screen printing content to help customers choose the best materials for their project. The marketing manager will also enhance Customize-It’s website presence with SEO marketing tactics so that when someone types in the search engine “custom screen printing company” or “screen printing services”, Customize-It Screen Printing will be listed at the top of the search results.
The pricing of Customize-It Screen Printing will be competitive and lower than competitors so customers feel they receive value when purchasing the company’s products and services.
The following will be the operations plan for Customize-It Screen Printing.
Operation Functions:
Customize-It Screen Printing will use business management software including customer relationship management, bookkeeping/accounting, and inventory management software for the bulk of its operational procedures. Maintaining a lean operational team will help the company save on overhead expenses.
Customize-It Screen Printing will have the following milestones complete in the next six months.
9/1/2022 – Finalize contracts with suppliers.
9/15/2022 – Finalize employment contracts for Timothy and Kelly.
10/1/2022 – Purchase business management software.
10/15/2022 – Complete the company website.
10/22/2022 – Initiate the marketing campaign.
11/1/2022 – Officially open for business and begin taking orders.
Customize-It Screen Printing will be owned and operated by John Nelson. He recruited a business school peer, Timothy Hall, to be the designer and help manage the marketing for the company.
Key revenue & costs.
The revenue drivers for Customize-It Screen Printing are the screen printing fees that will be charged to customers for the products and screen printing services. The company will charge a 50% markup for products such as T-shirts or mugs that come from wholesale suppliers. Additionally, Customize-It will charge a flat $5 processing fee for each item.
The cost drivers will be the overhead costs to maintain the screen printing equipment and the cost of the products themselves. The expenses will be the payroll cost, supplies, and marketing materials.
Key assumptions.
The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.
Income statement.
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Total Revenues | $360,000 | $793,728 | $875,006 | $964,606 | $1,063,382 | |
Expenses & Costs | ||||||
Cost of goods sold | $64,800 | $142,871 | $157,501 | $173,629 | $191,409 | |
Lease | $50,000 | $51,250 | $52,531 | $53,845 | $55,191 | |
Marketing | $10,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
Salaries | $157,015 | $214,030 | $235,968 | $247,766 | $260,155 | |
Initial expenditure | $10,000 | $0 | $0 | $0 | $0 | |
Total Expenses & Costs | $291,815 | $416,151 | $454,000 | $483,240 | $514,754 | |
EBITDA | $68,185 | $377,577 | $421,005 | $481,366 | $548,628 | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
EBIT | $41,025 | $350,417 | $393,845 | $454,206 | $521,468 | |
Interest | $23,462 | $20,529 | $17,596 | $14,664 | $11,731 | |
PRETAX INCOME | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Income Tax Expense | $6,147 | $115,461 | $131,687 | $153,840 | $178,408 | |
NET INCOME | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 |
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 | |
Accounts receivable | $0 | $0 | $0 | $0 | $0 | |
Inventory | $30,000 | $33,072 | $36,459 | $40,192 | $44,308 | |
Total Current Assets | $184,257 | $381,832 | $609,654 | $878,742 | $1,193,594 | |
Fixed assets | $180,950 | $180,950 | $180,950 | $180,950 | $180,950 | |
Depreciation | $27,160 | $54,320 | $81,480 | $108,640 | $135,800 | |
Net fixed assets | $153,790 | $126,630 | $99,470 | $72,310 | $45,150 | |
TOTAL ASSETS | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 | |
LIABILITIES & EQUITY | ||||||
Debt | $315,831 | $270,713 | $225,594 | $180,475 | $135,356 | |
Accounts payable | $10,800 | $11,906 | $13,125 | $14,469 | $15,951 | |
Total Liability | $326,631 | $282,618 | $238,719 | $194,944 | $151,307 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
Total Equity | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
TOTAL LIABILITIES & EQUITY | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 |
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 | |
Change in working capital | ($19,200) | ($1,966) | ($2,167) | ($2,389) | ($2,634) | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
Net Cash Flow from Operations | $19,376 | $239,621 | $269,554 | $310,473 | $355,855 | |
CASH FLOW FROM INVESTMENTS | ||||||
Investment | ($180,950) | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($180,950) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from equity | $0 | $0 | $0 | $0 | $0 | |
Cash from debt | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow from Financing | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow | $154,257 | $194,502 | $224,436 | $265,355 | $310,736 | |
Cash at Beginning of Period | $0 | $154,257 | $348,760 | $573,195 | $838,550 | |
Cash at End of Period | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 |
What is a screen printing business plan.
A screen printing business plan is a plan to start and/or grow your screen printing business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.
You can easily complete your screen printing business plan using our Screen Printing Business Plan Template here .
There are a number of different kinds of screen printing business , some examples include: T-shirt/Clothing, Logos and Decals, and Advertising.
Screen printing businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding. This is true for a screen printing business plan and a business plan for printing business.
Starting a screen printing business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.
1. Develop A Screen Printing Business Plan - The first step in starting a business is to create a detailed screen printing business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.
2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your screen printing business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your screen printing business is in compliance with local laws.
3. Register Your Screen Printing Business - Once you have chosen a legal structure, the next step is to register your screen printing business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.
4. Identify Financing Options - It’s likely that you’ll need some capital to start your screen printing business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.
5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.
6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.
7. Acquire Necessary Screen Printing Equipment & Supplies - In order to start your screen printing business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.
8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your screen printing business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.
Learn more about how to start a successful screen printing business:
T-Shirt Business Plan Template Retail Business Plan Template
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Funding will also be dedicated towards three months of overhead costs to include payroll and marketing expenses. The breakout of the funding is below: Screen printing equipment, materials, and supplies: $30,000. Business management software: $5,000. Three months of overhead expenses (payroll, utilities): $30,000.
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