Business start-up:
Music for Everybody
Free iPod distribution
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Distributing free iPods makes the world a happier place...
Facts
Year of establishment
Nope
Sales (US$)
| Two years ago: | |
| Last year: | |
| This year (forecast): | 500 |
| Year 2 (forecast): | 500,000 |
| Year 3 (forecast): | 500,000,000 |
Net profit after tax (US$)
| Two years ago: | |
| Last year: | |
| This year (forecast): | -500 |
| Year 2 (forecast): | 100,000 |
| Year 3 (forecast): | 100,000,000 |
Total number of Employees
| Two years ago: | |
| Last year: | |
| This year (forecast): | 1 |
| Year 2 (forecast): | 10 |
| Year 3 (forecast): | 15000 |
Finance needed
| Finance needed for fixed assets (buying of machines, buildings, ...) | 15 |
| Finance needed for working capital (salaries, stock, rental, leasing, transport, ...) | 150 |
| Total finance needed (US$) | 165 |
How do you expect this to be financed?
| Own Contribution in cash | 1,000 |
| Loans (debt) | 78,000 |
| Shares in your company that you offer to investors (equity) | |
| Other sources | 12,000 |
| Total finance needed (US$) | 91,000 |
The Business
What is your product/service?
I haven't done this before...so....
Explain how you will sell your product/service (marketing strategy) and how you will reach your customers (distribution strategy)?
Free iPods? What competition?
What makes your business different/better than your competitors (competitive advantage)?
Free!
The Entrepreneur & Management
Describe the entrepreneur & management
I have no skills
Development
How does your business improve the local living standards (social and environmental)?
Music lovers all around...what would be better than that?