Business Plan for Ward's Event Photography 1. 0.0 Table of Contents 0.0: Table of Contents 1.0: Executive Summary 2.0: Company Overview Market Opportunity Explanation Legal Form of the Business Company Location History Growth and Financial Objectives Manager Information 3.0: Market Analysis Summary Analysis of the Industry Target Market/Customer Profile Competition 4.0: Service Offering Summary Uniqueness Description Competitive Comparison 5.0: Marketing Plan Customer creation and retention Pricing Positioning Delivery Promotion 6.0: Financial Plan and Analysis 7.0: Cost Assumptions 1.0 2. Ward’s Event Photography Business Plan Executive Summary Ward’s Event Photography (WEP) is a small business that provides photography services (with a focus on weddings) to clients looking for high quality, fair price, and great service. WEP is organized as a sole proprietorship, with Ward as the owner and sole employee. He does all the photography for the events as well as taking reservations, purchasing equipment, and doing the business’ books. Ward will be contributing his own capital to the business for start-up costs, and has secured financing from several other sources, but will still need $10,000 in start-up costs. This business will be run from Howard, Colorado. To start, WEP’s marketing plan will focus on advertising in local areas like Salida, Cañon City, Buena Vista, and Leadville. The advertising will emphasize WEP’s lower price, its quality, and its high value to people who need event photography done, such as wedding planners and birthday party organizers. There are several competitors in the local area WEP will target, but these competitors, being better established and having retail locations, will charge more than WEP plans on charging. Also, some of these competitors, like Colorado Whitewater Photography focus only on certain types of event photography, such as white water rafting, and don’t provide the quality nor price WEP will. There is an opportunity to enter the market and succeed where these other competitors are lacking. 1.0, continued 3. Ward’s Event Photography Business Plan WEP’s vision is to provide the best photography services to people ... ... middle of paper ... ...00 Interest 112.00 112.00 112.00 Dividends 0 0 0 Debt Retirement 0 0 0 Other 0 0 0 Total Disbursements 4,982.00 5,127.00 5,170.00 Cash Surplus 10,758.00 19,086.00 29,586.00 Add: Short Term Loans 0 0 0 Long Term Loans 0 0 0 Capital Stock Issues 0 0 0 Total Additions 0 0 0 Ending Cash Balance 10,758.00 19,086.00 29,586.00 7.0 21. Ward’s Event Photography Business Plan Cost List: Location Utility costs (electricity, gas, phone, etc.): $250/month Transportation Gas: $35.00/wedding (400 miles total, $1.95 per gallon, 23 mpg) Maintenance: $30/month Insurance: $75.00/month Supplies/Delivery/Development Film: $10.00 per 96 exposures Photo Albums: $20.00 Website maintenance: $200.00/year Development solutions/chemicals: $50.00/wedding (increases with II and III type weddings) Photo paper: $50.00/wedding (increases with II and III type weddings) Miscellaneous costs (food on way to wedding, lodging if overnight accommodations necessary): $60.00/wedding Advertising Phone book listings (Salida, Cañon City): $150.00/year Brochures: $200.00 Business Cards: $45.00 Newspapers: $100.00/year
As of December 26, 2004, our liquid assets totaled $10,924,000. These assets consisted of cash and cash equivalents in the amount of $10,642,000 and short-term investments in the amount of $282,000. The working capital deficit increased slightly from $50,359,000 as of December 28, 2003 to $51,041,000 as of December 26, 2004. This increase was due primarily to increases in the loss reserve and unearned premiums related to the captive insurance subsidiary and accounts payable and was partially offset by increases in inventories and receivables.
Adults $20 / Seniors $17 (65 years and older) / Students $10* / Children 4 years and younger are free.
o Pay $200,000 up front for development fees and franchise fees for the first five stores
2.in other case, if he thinks of starting this business as a broader venture , he needs to raise capital
If I were to start my own business, my dream would be to build a surf and skate shop on the Southern California coast. My business would be located on beachfront property in the surrounding area. This business plan will cover two main subjects, 1: an Analysis of the Business Situation, and 2: the Planned Operation of the proposed business. The first topic will cover the subtopics Trading Area Analysis and Competition in the area for my business. The second main topic will cover the proposed organization of the business, the proposed business, and proposed strategies for that business. The analysis of the business situation will cover geographic and demographic information for Huntington and the surrounding area. It will also contain an analysis of businesses in the area which are of similar type, customer buying behavior relating to my proposed business, and the potential location of my business. The Proposed Operation section will address the topics of ownership, start-up procedure, personnel needs, special functions, and an organizational chart. Details of products which will be sold will also be included, as will my business' pricing policy. I would hope that through my thorough planning and explanation that my business idea will be a grand success on the beautiful beaches of California.
The barriers of entry that could possibly affect the market in which my event planning business operates is brand loyalty and economies of scale.
The first location of Mission BBQ opened in September of 2011. Since then, locations have opened in throughout the country, including the one in Roanoke, Virginia. Founders Bill and Newt wanted to create a casual. family-friendly restaurant that served up delicious, authentic Carolina style barbeque. The decor reflects the patriotic spirit of the owners as the walls of Mission BBQ are full of military memorabilia and photographs.
It is noted that Whelan Event Services is a security giant company which is capacitated in providing a vast of event security and essential other staffing services. The services that the company offers include a wide range of crowd control professionals, ushers, concert security
The core focus of this report is devising a new product and implement marketing plan for Canon plc. The company is currently facing huge competition from its competitor worldwide, especially in Japan where it has lost market leadership. Due to the decreasing profit margin and threat of losing market share, the company has decided to come up with new innovate Canon Hybrid DSLR which will help the company in improving its profit margin and sustaining market share in UK and worldwide. The report is divided into six parts, which are as follow
strategy, selling cameras at low cost, but profiting on film sales. They have based their
Advertising and promotion will be subtly forcefull to if nothing else to get you excited and intrigued. Plant the ¡§we should check that place out¡¨ seed. We will be running an extensive and quite costly advertising and promotion strategy. Radio, some local television during the prime news hours, drop leafs in major magazines, news print, bus sides, living and entertainment media. We will also be making brochures with our product and service menu available at local venues with coinsiding business i.e. health clubs, surgical offices, & medical offices. We will also place ads on bulletin boards of local universities and apartment/condo complexes.
The future of photography industry is unclear, and the fragility of an image the digital realm has
The best marketing campaign for Collegiate Images is to have an intensive advertising blitz. They only have about 2 effective months of shelf life to achieve their target sales. In order to accomplish this task, the team will have to ensure market visibility.
Design minded celebrations paired with unparalleled hospitality management are presented by xxKEY1xx. Undoubtedly the best wedding planners in xxLOC1xx; company has produced everything from intricate dinner parties to elaborate destination weddings.
From business conferences to weddings, there are events going on all around us, and where there are events there are event planners constructing it, putting it all together, while making everything run effectively. Event planning is always unpredictable and you need to be always ready for any problematic situation that may occur. When starting out there is a great chance that problems will occur that one will not prepared to face, but this is all a part of the improvement process. These situations should be looked at as a learning experience and should give you some ideas of how to improve one’s event planning skills and one’s own business. Because of all the hospitality, craziness, and personal gratification, I have chosen to become an event planner.