Business Plan Essay examples

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Describe the type of business you have created including: a. the product or service, and general staffing plan. Provide a rationale for your plan. b. The form of your business and the benefits it offers your particular business, c. A chart of accounts specific to your business, including a rationale as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for the lender/investor. It should report the expected resources that you will consume in your business (assets), the sources of those resources (liabilities and equity), the sources of revenue, and expenditures that you expect to incur to earn those revenues. You may build a detailed chart that includes business units, divisions, product…show more content…
Chris Forte chose to be a sole proprietor because sole proprietorships are mainly one-owner businesses. Chris Forte can close it, sell it or pass it down to his heirs at any time. A sole proprietor pays taxes as a part of his individual income tax filing. The costs of obtaining a license for sole proprietors are substantially less than those for corporations. Start-up costs for sole proprietorships are very low. The Startup cost for Shear Perfection Unisex Salon will consists of the cost of the building (23,000) five salon stations, five master barber chairs, each station requires a salon chair, cabinet, and a large mirror, shampoo bowl and a floor mat, five sit under dryers will be located in the rear of the salon. All other miscellaneous items such as curling irons, electric razor, several pairs of scissors, spray bottle, assorted combs and brushes all employees are expected to provide for themselves. Shampoo bowls and floor mats. Located in the front of the salon will be a desk for the receptionist, along with a computer for sales and booking appointments ,three couches for reception area and two flat screen televisions to entertain our clients. Located in the back of the salon will be an office for management with a computer for accountant purpose with a printer. Description Cost Building Total Cost of Building 23,000 Equipment Total Amount of Equipment 4,723 Furniture Cost to Furnish Salon 9,753

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