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7/29/2019 Economics Company

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My Business Plan

Section one: About the Business

Name of the Business Crawley and Mid

Sussex Tri club

What would be the main product/

service of the business

Offering membership of a triathlon

club; providing entry to members to

tri races; hosting regular training

(swim, run, cycling).

In addition selling tri gear at

discounted prices.

Also after 6 months running

triathlons, duathlons and aquathons.

Location of the business Crawley and Mid Sussex.

Any other locations for the

business.

No

Type of Business e.g. sole trader,

partnership or Limited Company.

Limited Company

Who are your target audience? Children ages 5-18

Men and women ages 18-50

What is the purpose of the

business e.g. to make a profit, to

be independent, to be a charity

To make profit and to be the first

Crawley triathlon club to provide

fitness expertise and competition at

low prices.


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Section two: Suppliers

You will need to research your suppliers to understand where you would

get your stock from and how much it would cost.

List below the suppliers you would use.

Supplier one: Wiggle Supplier two: maxi fuel

Location: online Location: online

Cost per item: different products Cost per item: varies

Section three: Costs

Below make a list of all the equipment you would need to start the

business and purchase in the first year.

Name of Equipment Price ()

Swimming lane hire 1.750

Triathlon gear Order on demand

Customised all in ones Order on demand

Total Cost of equipment 1,750

Other expected monthly outgoings

British Triathlon Federation club

membership

Insurance

21

14

Total Costs - 35 per month 2,170

Section 4: Personnel in the Business

Below please list all of the people in your business and also their roles,

responsibilities and wages within the business.

Name Role Responsibilities Salary

()

Sam Higgs Coach To run the business Unpaid

for first

twomonths


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then

1700 a

month(gross plus

add-ons).Volunteers (5) Supporting

the events

Various Nil cost

Coaches (3) Supporting

training days

Various 400 per

coach

Section 5: About the product

Describe your product/service:Our service is to provide a local tri club that produces

an all in one / one stop shop for those aged 5-50. The

club includes a professional coach, training (swim, cycle

rides, and runs), nutritional products, and triathlon

gear at discounted prices.What research have you completed about your product to ensure it will be

a success? Detail here:I have completed an on-line questionnaire about the

service and 73% of those who responded said they

would happily join. I also emailed a rival club in the area

who said that they do not accept children and do not

have a gym or a coach.What testing have you done on your product:

The questionnaire as above.How many would you produce per day:I would offer either a morning run or swim. Also I

would do after school sessions.

Please give details about how you will market your product:

Type of marketing Expected cost Location of marketing

Website 300 InternetAdvertisement in local 500 Local newspapers


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newspaper (syndicated)

Flyers and Brochures 200 At events etc.


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Section 6: Revenues and Costs

In this section we will start to look at how many products you expect to sell

What is the average price of your product: 25

How many days a week will you open: seven

Expected Sales Revenue

Per Day Per Week Per Month Annual

85 595 4,000 50,000

Expected Costs: Make a list of your expected weekly costs using the following table:

Cost Expected Amount ()

Wages 354

Advertising 20

Lane hire x 2 50

Petrol 70

Total Costs: 494


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Section 7: Cash Flow Forecast

Complete a cash flow forecast in the table below for the first 6 months of trading

() Jan Feb Mar Apr May June

Receipts (Money in) 1,662 6,157 6,157 3,362 4,662 6,157

Payments (Money out) 870 3,870 4,870 4,010 5,270 4,870

Net Cash flow (Money in

Money out)

792 2,287 1,287 -648 -608 1,287

Opening Balance (What you

start with in the bank)

20,000 20,792 23,079 24,366 25,014 24,406

Closing Balance (Money

left over at the end of

each month)

20,792 23,079 24,366 25,014 24,406 25,693


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Section 8: Sources of finance

How much money will you need to start you business:

You now need to label where you expect the money from to start yourbusiness

Source of income Amount of income

Your own funds 20,000

Family and friends 0

Investors (sponsors) Their products

Bank loan 0

Bank overdraft 0

Credit card 0

Trade credit 1,000

Total finance 21,000

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