Tattoo Ink Business Plan

The rise in revenue was rapid starting from the year of operations. The key period of business was from April to September were revenues were equal to 65% of total revenue as the product was seasonal. The basis of forecasting for the year 1981 & 1982 is the expectations of sales by Mr. Turner & Mr. Rose. It is given that total sales were $ 15.80 million in first half of year 1981 and the total sales in 1981 to reach $ 30 million. Profit after tax was expected to be $ 1 million for 1st half and we assumed for the next half, profit will be in proportion to first half & expected to be amounting to $ 0.90 million. For year 1982, the sales expectation by Mr. Rose was around more than $ 71 million &

2. Use the projections provided in the case to compute the incremental cash flows for the PCB project. Provide a reasonable estimate for cash flows after 2009 as well.

The project must be completed prior to the end of this financial year (30 June 2015) as funding is available from current budget.

Budgets and Planning. To begin with, the program, like the organization, fosters an open and collaborative environment for the process to take place. In this regard, it is, therefore, impossible for any one space or environment to be able to accommodate every conceivable project or application that is “thought up”. Therefore, certain perimeters and guidelines need to be established to assess costs with the program and help determine a course of action in future planning. As we are discussing costs, we assume there is a

A Career in the tattoo industry has always been a fantasy of mine, I’ve had a lot of dreams for what I want to do when I’m all grown up and I can honestly say that a tattoo artist will always be one of them. Ever since I could remember I’ve had a talent for anything art wise. My favorite hobby has always been drawing. As a kid I enjoyed looking at and hearing about everyone’s tattoos. They’re just permanent drawings on someone’s body. Your body is like a temple for your soul, and I think that tattoos are just decorations. They tell the souls story, and make the body look like a beautiful book of life. It’s like a unique way of telling your story, through the art all over your temples walls. Every tattoo has a meaning and a story behind it.

Issue: Decide how to account for the funding of the R&D and royalty payments. Identify the authoritative literature applicable to this funding arrangement and discuss the appropriate accounting for the agreement in accordance with that guidance.

4. Describe who and how many individuals will be served by the project for which funding is sought.

Our product, temporary tattoo ink, is going to be produced to meet the needs of many people who are looking for a fun yet safe method of altering the skin without the long term consequences that permanent tattoos can causes on people who undergo these type of procedures. This industry is a combination of several factors put together that create an always-growing business for tattoo industry. The tattoo industry is developed around a variety of tattoo artist that uses their create abilities and skills to showcase their art by attracting people willing to go through a tattoo process. The quality of the artist is a big part of the success in this industry, since that’s what drives the customer demand, causing a wave of business that will benefit all the companies involved in the industry. Since the artist required stable locations to offer their services while earning a good reputation and following industry standards, the real state industry is also part of this business, as there is a need for good locations that can provide tattoo shop owners with a good flow of customers.

By creating a budget this facility will be better prepared in knowing how much money they spend and

Lucky Bella Tattoo Studio is a full-service tattoo studio that is located in North Little Rock, Arkansas. Lucky Bella Tattoo Studio has got the award winning artists such as Brooke Cook and Ryan Cook. The average prices for their medium to large tattoo sessions are said to range about $250 to $800. The smaller tattoos are priced at $80 to $200. Lucky Bella Tattoo Studio considers the time consumed in doing this art. So as when they work for a longer time, the more complex the tattoo turns out to be. Lucky Bella Tattoo Studio does the designs based on the budget the customers declared to have, if the price is a major factor to them. Lucky Bella Tattoo Studio works on with the budget their customers are comfortable with. Their tattoos have been

The start-up funding for TempShadow Ink will consist of the Research & Development (R&D) that will be needed to develop the temporary tattoo ink. The company plans to hire the R&D Company Cargill. The contract states that an ink will need to be developed within 6 months of the starting date, January 2015. Once the tattoo ink is developed, TempShadow Ink will begin a two-year testing phase with volunteer test subjects. This will happen from mid-2015 through mid-2017. The start-up funding will last about two and a half years. At that time, the goal is to have the ink distributed to tattoo parlors around the United States. The company estimates it will need approximately $600,000 to make this happen.

I have identified 5 potential options on how resources can be allocated and funded moving forward. Due to the nature of our functional areas of expertise in CSG a hybrid of the above options could also be considered. Each of these depend on the authority and direct support from the role of the CEO.

1. In the last five years the growth in sales for the company has been around 10% per annum, except for the 1997, the growth was 18.78%. In the case, nothing is mentioned that company has made any drastic changes in its strategy to grow faster. In such a scenario, projected a consistent growth of 20% per annum for the next 5 years is too optimistic.

However, the company expects that its sales will grow 25 percent annually for the next five years. As illustrated in Table 1 the demand after 5 years will be approx.

For each project you’re planning, you need to be clear on just how much money you’re willing to spend.