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Natalie K

Page history last edited by PBworks 4 years ago

 

K's Jewelry

Natalie Kilgo

 

 

Business Plan:

K's Jewelry is a business that sells well priced jewelry products that are made with lasting materials to make sure that they don't break or ruin like many other jewelry companies. This jewelry will last for a lifetime. I will need a partner to help me find the right materials for my products from well-making jewelry factories. These materials cannot turn someones fingers or wrist green! I need the best products out there and my partner has to be the best at finding and making a deal with the person who makes these products. K's Jewelry will be located in the Belton Shopping Center and will be open from 10am-8pm, Mon-Fri and 12pm-6pm on Sunday.

 

Hook: 

My products will not turn your finger or wrist green and will last through the wash, swimming in the ocean, falling from a two story building without breaking etc.

 

Advertising Plan:

I am going to have a bulletin board in a popular spot in Austin and I am going to make pins for people I know to wear so wherever they go my business will be noticed. I will put my business in the newspaper once a week (Sunday).

 

 

Financial Plan: 

 

Monthly Business Expenses:

Cost of Premises: Rent or Mortgage - Belton Shopping Center-

18.50 per square ft x 884 square ft = 16,354 / 12 months = $1,362.83

 

 $1.362.83

 

 

Utilities:

          Electric .33 x 884 = $291.72

         Gas .05 x 884 = $44.20

         Water .08 x 884 = $70.72

         Phone $50        

         Internet $50

 

 *$291.72

 *$44.20

 *$70.72

 *$50

 *$50

Employee Cost:

Number of Employees ____4____ x

Monthly Hours Worked ____225____ x

Hourly Salary ___8.25_____ x

Finally, add another 40% for employee expenses (7,425 x .40) =2,970

 

 *$7,425

*$2,970

 

 

Marketing Cost:

  • Television __none______

  • Radio Austin station $85 (per 30 secs) x 4 (times a month)

  • Newspaper ___none_____

  • Email __none______

  • Website 3,000 + 600 = $3,600

  • Online Advertising ___none_____

  • Postage __none______

  • Billboard In Austin- $4,500 per month

 

 

 

 *$340

 

 

*$3,600

 

 

*$4,500

Equipment and Service Rental

 

    1.  Cargo Van - $11,695.89 / 12 months = $1,360

       

    2.  Pins for friends and family to wear- 3.50 each x 75= $275.25

    3.  

    4. ________________________________     ________

    5. ________________________________     ________

 

 

 

 

 *$1,360

 

*$275.25

Monthly Expenses:

 $22,339.72

 

 

 

 

 

Monthly Sales Grouped by Category

-Necklaces-    Number Sold 40 x Price $86.50

 

 

 $3,460

 

-Diamond rings-  Number Sold 49 x Price $500-$1,000

 

 $24,500-$49,000

($36,750 average)

-Bracelets- Number Sold 38 x Price $140

 

 $5,320

 

 

-Earrings- Number Sold 32 x Price $67.29

 

 $2,153.28

 

 

Monthly Sales:

 

 

 $47,683.28

 

 

 

Monthly Profit or Loss

 

The items you sell are not free. You must deduct the cost of buying them from the manufacturer. Or if you make the items you are selling you must deduct the cost of the raw materials. If you are reselling items, subtract 60% from your monthly sales to determine your profit. If you make the items you sell, subtract 30% from your monthly sales to find your monthly profit. $47,683.28-19,073.31= $28,609.97 .

 

 

 

Now subtract your Monthly Expenses  $28,609.97 - 22,339.72 = $6,270.25. This is your total monthly profit (or loss).

 

 

 

Your partners share: How much of this are you planning on sharing with your partner? 50% = $3,135.13

How much will your partner need to invest in startup costs?$22,339.72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comments (1)

Anonymous said

at 10:05 am on May 14, 2008

YOUR MY PARTNER!!! YAY! =D

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