This website uses cookies to ensure you have the best experience. Learn more

Business Plan Essay

1207 words - 5 pages

Burpies Business Plan
By Cara Raske

Welcome to Burpies, a company created by moms for moms. Burpies is a company that understands what one less step means in a busy mom’s day; a few more minutes for her family. The main goal at Burpies is to provide quality products that not at an affordable price. Our family here at Burpies invites you to invest in a company with tried and true values.
For starters let’s explore the basic background of Burpies. The company is founded by me, Cara Raske and Tina Moore. We are not only mothers but business women as well. We have decided to start this business together and thus, have formed a partnership. The advantages of forming a partnership are ...view middle of the document...

We know how much that will be and that will be an average of $.65 per item per unit. Now we are ready to set out to hire employees.
When we thought about who we would like to handle the accounting side of the business we took into consideration a few important things. We want our employees to have experience in working in a small business, understand the needs that come with that and have a background in accounts payable, accounts receivable and bookkeeping. We know that these employees must be motivated and have the ability to work with deadlines and goals.
There are three areas as to which we paid the closest attention to: budget preparation, internal controls, and cash management. Being able to understand and prepare a budget is essential to having a successful business. Not only are we going to hire personnel that can handle this task we ourselves will read and understand fully what the budgets say and represent.
The first task of our budget is to nail down the cost of what a unit is going to cost to make. Earlier we told you the average of all our items from that we can tell you the unit price per item: burp cloth, $.44; bib, $.23; towel $.98; wash cloth, $.37; crib sheets, $.86; and lastly blankets, $1.04. From these numbers we can now determine how much we will need to charge in order to make a profit. We still have to figure into the unit price the payroll numbers. This number will come as we determine how many staff we will house.
To have a successful accounting department we must also have in place internal controls. Internal controls allow our company to have a safety net for our assets and help to ensure the accuracy of the numbers and records. We have a plan for these controls and have applied the basic principles of internal controls to this plan.
We will establish responsibilities for employees and keep those separate from one another. So we have divided each accounting task or function. Selling orders to customers will be handled by the sales team. They will take the orders and input them into the computer. Then our billing person will send out the invoice to the customer. All invoices that come into the company will be entered by a separate billing employee. All invoices will then need to be approved by the manager. Once this happens the bookkeeper will then write a check to pay them. All checks require two...

Other Essays Like Business Plan

Business Plan Essay

1988 words - 8 pages activities through which they | |earn a livelihood for the family. How do you plan to earn your livelihood? Would you like to take a job in an organization or would you like to start | |your own business? This course will expose you in detail to entrepreneurship—the concept, its importance and functions—and also learn about the | |qualities of entrepreneurs and also their ability to set-up a small enterprise

Business Plan Essay

729 words - 3 pages . Manilyn M. Camba Brgy. Wilson Mayorga, Leyte 6. Catherine A. Asis Brgy. Highway Dulag, Leyte C. Nature of Business The proponents decided to adopt the service type of business because D. Statement of Financing Needed This business plan is prepared to obtain financing in the amount of Seven hundred fifty pesos.CattleyaNet’s start-up costs will cover coffee making equipment, site renovation and modification, capital to cover losses

Business Plan

3893 words - 16 pages Marketing Plan for BUSN319 Student Marketing Plan for Brownie’s Country Tavern A Marketing Plan by: Ryan Brown Submitted to: Paula Zobisch January 31, 2014 DeVry University Abstract This marketing plan for Brownie’s Country Tavern includes a complete summary of my business including a thorough description. In addition a strategic focus and plan will summarize all of the businesses goals, mission statements, core

Business Plan - 4694 words

4694 words - 19 pages Business Plan for Amanda J. Hopkins Burlesque Lounge In this paper you will see my financial layout for beginning a Burlesque Lounge. I have included detailed layouts of the venue as well as given you an understanding of the financials for such a business. 2012 Amanda J. Hopkins Mandy’s Vixens & Speak-Easy Lounge 4/2/2012 Business Plan for Amanda J. Hopkins Burlesque Lounge Table of Contents 1. Executive Summary 2

Business Plan - 614 words

614 words - 3 pages plan? Multinational?International?Local? What's it opening time? 24 hours? Before Entering /Entering the market: Is the service easy to be substituted/imitated or not? Is there any barriers/ threats to entry the market? Political? Legal? Permission? Permission: business license? Epidemic prevention certificates? Do we need specialist knowledge to set up this business? What kind of legislation would affect us? Employment laws? Taxes

Business Plan - 2591 words

2591 words - 11 pages Business Plan Orchid Boutique Shop…………. 1.0 Executive Summary Orchid Boutique Shop is a new apparel store that caters to the Bangladeshi people. As our name suggests our focus is to provide customized wear apparel and accessories, and position ourselves as the top retail store servicing this particular market. Our intentions are to obtain market share and become a central hub of shopping activity for the local population as well as

Business Plan - 3410 words

3410 words - 14 pages World Fuel Services Corporation (“The Company”) – PRISM (Singapore Office) 2011 Business Plan 1 PRIME OBJECTIVES • Expand the coverage of The Company’s Energy Risk Management business in Asia. • Enrich bunker services coverage in both the Physical Supply and Risk Management sectors. • Build up After-Sale-Services to strengthen strategic relationship with ship owners. • Form alliances with dealing room teams internally

Business Plan - 2493 words

2493 words - 10 pages Capsicum Habanero Pepper Spray Business Plan 1. Table of Contents 1. Table of Contents 3 2. Executive Summary 4 3. General Company Summary 6 4. Products and Services 9 5. Market Analysis Summary (Marketing Plan) 12 6. Strategy and Implementation Summary (Operational Plan) 16 7. Management Summary (Management and Organization) 20 8. Financial Plan 22 9. Appendix 27 2. Executive Summary Capsicum Habanero Pepper Spray is a

Business Plan - 4308 words

4308 words - 18 pages College for Research and Technology Cabanatuan City DATA AND OUTLINE FOR BUSINESS PLAN Submitted by: Gizelle Camua Jean Araniego Jerelyn Del Valle Rachel Pamilara Michelle Candelaria Ericson Bayan Table of Contents 1.0 Executive Summary 1.1 Objectives 1.2 Keys To Success 1.3 Mission 2.0 Company Summary 2.1 Company Ownership 2.2 Start-up Summary 2.3 Company Locations and Facilities 3.0 Products 3.1 Product

Business Plan - 4778 words

4778 words - 20 pages escalating continually through year three. Sales Forecast Year 1 Sales Hardcore athletes Newbies Total Sales Direct Cost of Sales Hardcore athletes Newbies Subtotal Direct Cost of Sales $63,157 $70,736 $133,893 Year 1 $25,263 $28,294 $53,557 $151,889 $170,116 $322,005 Year 2 $60,756 $68,046 $128,802 $222,090 $248,741 $470,831 Year 3 $88,836 $99,496 $188,332 Year 2 Year 3 5.4 Milestones • • • • • Completion of business plan Securing retail

Business Plan - 4046 words

4046 words - 17 pages of customer, business or countries that have, or are perceived to have common need, interest and priorities. We do market segmentation to identify and further define target customers and provide supporting data for marketing plan elements. Our group members have a task to identify the segments and decide which one to target. As a financial and banking because a lot of customer in this segmentation. Every individual in this nation plays an

Related Papers

Business Plan Essay 944 Words

944 words - 4 pages 20 Reasons Why You Need a Business Plan Written by Pete Kennedy Categories: * Business Planning 1. To prove that you’re serious about your business. A formal business plan is necessary to show all interested parties -- employees, investors, partners and yourself -- that you are committed to building the business. 2. To establish business milestones. The business plan should clearly lay out the long-term milestones that are most

Business Plan Essay 877 Words

877 words - 4 pages How to Write a Great Business Plan The following are recommended components of your business plan, although the order in which you write and present these sections can be subject to change: Executive Summary: This is the abstract of your business plan, a summary of everything you will say in greater detail in the ensuing pages. It spells out the content and goals of your plan, hitting all the highlights. This section is key if you are

Business Plan Essay 3887 Words

3887 words - 16 pages travel agency), which include business name, the prime function of the business, the location of my business, legal entity, mission statement, goals in different aspects, skills and personal qualities of the owner. Stage 2 The second stage of the business plan is employment relations, in this stage, we have talk about number and types of employees job advertisement, selection process, training and development of the staff, and monetary and

Business Plan Essay 3883 Words

3883 words - 16 pages KEY NOTES: 1. Instructions are included throughout this document in red italics. Please delete all instructions before printing out your final plan. 2. This document includes the textual portion of your business plan. Many of you will also want to create your financial projections (created with the Microsoft Excel file we gave you) and integrate them into this document. Directions to do this are included throughout this document. To