Business Plan

I. INTRODUCTION
A. Name and Address of Business
Best Picture is a photo studio that will be located in Sta. Maria Alfonso Lista,Ifugao, beside the public market.
B. Name(s) and Address(es) of Principal(s)
Best Picture will be managed by Mr. Reward James Calumpit and Ms. Maylene Colobong from Sta. Maria, Alfonso Lista, Ifugao.
C. Nature of Business
The name of the studio was chosen to describe how best photos here are. Best Picture will cater the needs of the people in terms of photographs. Students and professionals such as those in the target market need a studio to capture photos for them. They use these photos to decorate or simply just a remembrance.
The need to capture memories lasts for people’s entire life. Photos that are in good quality last for lifetime. Some people don’t care about this as long as they have already those pictures. As a result, lots of memories were lost.
D. Statement of Financing Needed
Start-up Funding
Start-up Expenses to Fund
28,730
Start-up Assets to Fund
81,270
Total Funding Required
110,000
Assets

Non-cash Assets from Start-up
70,500
Cash Requirements from Start-up
10,770
Additional Cash Raised
0
Cash Balance on Starting Date
10,770
Total Assets
81,270
Liabilities and Capital

Liabilities

Current Borrowing
0
Long-term Liabilities
100,000
Accounts Payable (Outstanding Bills)
0
Other Current Liabilities (interest-free)
0
Total Liabilities
100,000
Capital

Planned Investment

Owner
10,000
Investor
0
Additional Investment Requirement
0
Total Planned Investment
10,000
Loss at Start-up (Start-up Expenses)
(28,730)
Total Capital
(18,730)
Total Capital and Liabilities
81,270
Total Funding
110,000

II. EXECUTIVE SUMMARY

Families need photographs to capture the special moments of their lives. Families of professionals are busy, and if too much time goes by between photos, these moments are lost forever. Babies, especially, grow fast and parents need photos of them