Financial Plan
The Company is presently seeking to raise the sum of Two Hundred and Fifty Thousand Dollars ($250,000). Based on current projections, the Company believes that these proceeds, together with Eighty-Four Thousand Dollars ($84,000) the Company has already raised in its initial round of financing, will be sufficient to achieve its business plan. After the first six months of operation, the Company will be able to fund all operation, marketing, and product development costs internally.
The Company intends to use the $334,000 during the first six months of operation, as shown below:
$45,000 for system development and programming
$200,000 for marketing expenses
$89,000 for working capital to fund future product development, promotion, and partner acquisition programs
|
