Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $500 |
Stationery etc. | $250 |
Brochures | $250 |
Other | $0 |
Total Start-up Expenses | $1,000 |
Start-up Assets | |
Cash Required | $22,200 |
Other Current Assets | $0 |
Long-term Assets | $19,800 |
Total Assets | $42,000 |
Total Requirements | $43,000 |
The Metolius Agency provides graphic design and visual communication services to established, primarily Eugene-based, companies. Some of the services offered are corporate identity, marquees, logos, branding, and packaging.
The pricing of the projects are typically estimated as a project-based cost. The project cost will be estimated by the approximate number of hours needed to complete the project. Generally, Kiev will be charging $75 an hour for his services.
The majority of services will be provided at The Metolius Agency’s office space. This office will be modern, practical, and sleek. This is very important because the office of a graphic designer is to a large degree a piece of their portfolio and reflects their work product. Therefore, a decent amount of money will be used to develop a proper appearing business office.
The Metolius Agency will be targeting small- to medium-sized companies. What these companies have in common is they have started as a small company with a good idea and have grown into a larger, more mature company that must now decide if they are going to maintain the current business strategy, or reinvigorate the company, employ professional service providers, and move to the next level.
The Metolius Agency has two distinct customer groups which they will concentrate on:
These companies started with a valuable concept and leveraged their original grassroots visual communication elements. Now that they have matured into a larger company, they can no longer rely on the original grassroots corporate identity. These companies are in need of a professional firm like The Metolius Agency to expand their identify and take them to that same level as their competitors and be able to compete.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Small companies | 8% | 234 | 253 | 273 | 295 | 319 | 8.05% |
Medium companies | 7% | 145 | 155 | 166 | 178 | 190 | 6.99% |
Total | 7.65% | 379 | 408 | 439 | 473 | 509 | 7.65% |
The market segments will be targeted in a number of different ways. It must be noted that graphics firms generate visibility and sales not through advertising, but through networking and client referrals. The methods used for the target market segment strategy will be:
Within the last seven to 10 years, there has been a trend in the industry for the general advertising agencies, that previously only worked with advertising, to act as a full-service agency that not only prepares advertisements, but also does a lot of the creative work in-house instead of outsourcing it. This trend toward full-service agencies has continued. To a large degree it is occurring due to higher profit margins for the service providers. The Metolius Agency will be bucking this trend and concentrating on their specific skill set.
The following are examples of the different types of competitors:
The Metolius Agency’s marketing and sales strategy will utilize networking and referrals to develop visibility for the company. Prospective customers will be turned into qualified sales through a professional showing that displays Kiev’s portfolio of past work. The portfolio is key for making a positive impression regarding Kiev which illustrates his skill set and capacity as a creative designer.
As noted previously in the target market segment strategy, The Metolius Agency will rely on three activities in their marketing efforts. These include:
The sales strategy will be to utilize Kiev’s portfolio of past work to qualify a sales lead. Using a portfolio is very common within the industry to show past examples of work. Kiev’s strategy will be the development of several different portfolios, each one customized to a specific type of work. By having different portfolios, Kiev is able to better illustrate his proficiency with that specific skill set. In addition to the use of the portfolio, Kiev will do research on the prospective company and their industry so that he has specific knowledge of the needs the company may have and solutions that he can offer.
The first month of operation will be used to get the office set up and ready for business. Some of the time will be working with the interior designers to create a modern looking office space.
Months two through four will be somewhat slow as Kiev is developing clients. He is forecasted to take on some smaller projects. By month five Metolius will have developed larger projects and will continue to grow steadily.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Small companies | $29,339 | $50,697 | $58,849 |
Medium companies | $40,058 | $74,554 | $86,543 |
Total Sales | $69,397 | $125,251 | $145,392 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Small companies | $880 | $1,521 | $1,765 |
Medium companies | $1,202 | $2,237 | $2,596 |
Subtotal Direct Cost of Sales | $2,082 | $3,758 | $4,362 |
The Metolius Agency will have several milestones early on:
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Business plan completion | 1/1/2001 | 2/1/2001 | $0 | ABC | Marketing |
Office set up | 1/1/2001 | 2/1/2001 | $0 | ABC | Department |
Establishment of the first major account | 1/1/2001 | 5/15/2001 | $0 | ABC | Department |
Profitability | 1/1/2001 | 9/31/01 | $0 | ABC | Department |
Totals | $0 |
The Metolius Agency’s competitive edge is based on Kiev’s diverse background of business and creativity. Typically, most creative agencies are staffed by right-brain creative types. These people are extremely aesthetically oriented. While this is certainly an asset in the field of graphic design, it can be limiting because while their work might be extremely creative, it might not “hit home” with non-creative types which make up a large portion in the business world.
Kiev’s background is based both in aesthetics and business. While Kiev always had a creative streak that he would use, his education was business oriented. This competitive edge allows The Metolius Agency to offer similar creative services other firms can offer, but also provide a unique business perspective.
The website will be used as a way to disseminate information regarding the firm, show past examples of work, provide the interested party will several ways of contacting The Metolius Agency. In today’s day and age, a website is almost a given, a standard source of information regarding the company.
The marketing strategy for the website will be based on inclusion of the Internet address in all materials that The Metolius Agency releases, as well as submission to popular websites. Submission to search engines is an art in itself as different search engines work in different ways so a customized submission is most effective.
A graduate student from the University of Oregon’s computer science department will be used for the development (writing the code, Kiev will be responsible for the creative work) of the website as well as the periodic maintenance of the site. A graduate student will be used because of their expertise and typical below market rate.
Upon graduation, Kiev went to work for Wieden & Kennedy in Portland. This was a wonderful experience as Kiev was surrounded by very bright, creative people. Kiev was given small projects, usually components of larger projects. While this was a good experience, he was unable to leverage his business skills under these circumstances.
After three years Kiev moved to Eugene and took a position with (name omitted), a large full-service advertising agency. The firm gave Kiev more management responsibility for his projects. After the third year, Kiev felt confident enough to entertain the idea of going out on his own and opening his own firm. After market research and writing a business plan, Kiev gave notice and opened up The Metolius Agency.
Kiev will be the sole employee through month seven at which time he will hire an assistant to help out with design execution, as well as some of the administrative details.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Kiev | $42,000 | $42,000 | $42,000 |
Assistant | $17,280 | $34,560 | $34,560 |
Total People | 2 | 2 | 2 |
Total Payroll | $59,280 | $76,560 | $76,560 |
The following sections will outline important financial information.
The following table details important financial assumptions.
General Assumptions | |||
Year 1 | Year 2 | Year 3 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 30.00% | 30.00% | 30.00% |
Other | 0 | 0 | 0 |
The Break-even Analysis indicates that approximately $7,000 will be needed in monthly revenue to reach the break-even point.
Break-even Analysis | |
Monthly Revenue Break-even | $7,053 |
Assumptions: | |
Average Percent Variable Cost | 3% |
Estimated Monthly Fixed Cost | $6,841 |
The following table will indicate projected profit and loss.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $69,397 | $125,251 | $145,392 |
Direct Cost of Sales | $2,082 | $3,758 | $4,362 |
Other Production Expenses | $0 | $0 | $0 |
Total Cost of Sales | $2,082 | $3,758 | $4,362 |
Gross Margin | $67,316 | $121,493 | $141,030 |
Gross Margin % | 97.00% | 97.00% | 97.00% |
Expenses | |||
Payroll | $59,280 | $76,560 | $76,560 |
Sales and Marketing and Other Expenses | $2,820 | $2,820 | $2,820 |
Depreciation | $2,400 | $2,400 | $2,400 |
Website maintenance | $600 | $600 | $600 |
Insurance | $900 | $900 | $900 |
Rent | $7,200 | $7,200 | $7,200 |
Payroll Taxes | $8,892 | $11,484 | $11,484 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $82,092 | $101,964 | $101,964 |
Profit Before Interest and Taxes | ($14,776) | $19,529 | $39,066 |
EBITDA | ($12,376) | $21,929 | $41,466 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $0 | $5,859 | $11,720 |
Net Profit | ($14,776) | $13,670 | $27,347 |
Net Profit/Sales | -21.29% | 10.91% | 18.81% |
The following chart and table will indicate projected cash flow.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $69,397 | $125,251 | $145,392 |
Subtotal Cash from Operations | $69,397 | $125,251 | $145,392 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $69,397 | $125,251 | $145,392 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $59,280 | $76,560 | $76,560 |
Bill Payments | $20,322 | $32,111 | $38,554 |
Subtotal Spent on Operations | $79,602 | $108,671 | $115,114 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $79,602 | $108,671 | $115,114 |
Net Cash Flow | ($10,205) | $16,580 | $30,278 |
Cash Balance | $11,995 | $28,575 | $58,853 |
The following table will indicate the projected balance sheet.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $11,995 | $28,575 | $58,853 |
Other Current Assets | $0 | $0 | $0 |
Total Current Assets | $11,995 | $28,575 | $58,853 |
Long-term Assets | |||
Long-term Assets | $19,800 | $19,800 | $19,800 |
Accumulated Depreciation | $2,400 | $4,800 | $7,200 |
Total Long-term Assets | $17,400 | $15,000 | $12,600 |
Total Assets | $29,395 | $43,575 | $71,453 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $2,172 | $2,681 | $3,213 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $2,172 | $2,681 | $3,213 |
Long-term Liabilities | $0 | $0 | $0 |
Total Liabilities | $2,172 | $2,681 | $3,213 |
Paid-in Capital | $43,000 | $43,000 | $43,000 |
Retained Earnings | ($1,000) | ($15,776) | ($2,106) |
Earnings | ($14,776) | $13,670 | $27,347 |
Total Capital | $27,224 | $40,894 | $68,240 |
Total Liabilities and Capital | $29,395 | $43,575 | $71,453 |
Net Worth | $27,224 | $40,894 | $68,240 |
The following table compares standard business ratios with the Standard Industry Code #7336, Graphic Design Services.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 80.48% | 16.08% | 9.02% |
Percent of Total Assets | ||||
Other Current Assets | 0.00% | 0.00% | 0.00% | 52.57% |
Total Current Assets | 40.81% | 65.58% | 82.37% | 76.45% |
Long-term Assets | 59.19% | 34.42% | 17.63% | 23.55% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 7.39% | 6.15% | 4.50% | 34.45% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 23.62% |
Total Liabilities | 7.39% | 6.15% | 4.50% | 58.07% |
Net Worth | 92.61% | 93.85% | 95.50% | 41.93% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 97.00% | 97.00% | 97.00% | 100.00% |
Selling, General & Administrative Expenses | 118.29% | 86.09% | 78.19% | 77.05% |
Advertising Expenses | 1.47% | 0.81% | 0.70% | 1.42% |
Profit Before Interest and Taxes | -21.29% | 15.59% | 26.87% | 0.83% |
Main Ratios | ||||
Current | 5.52 | 10.66 | 18.32 | 1.51 |
Quick | 5.52 | 10.66 | 18.32 | 1.13 |
Total Debt to Total Assets | 7.39% | 6.15% | 4.50% | 66.33% |
Pre-tax Return on Net Worth | -54.28% | 47.76% | 57.25% | 2.06% |
Pre-tax Return on Assets | -50.27% | 44.82% | 54.67% | 6.12% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | -21.29% | 10.91% | 18.81% | n.a |
Return on Equity | -54.28% | 33.43% | 40.07% | n.a |
Activity Ratios | ||||
Accounts Payable Turnover | 10.36 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 27 | 28 | n.a |
Total Asset Turnover | 2.36 | 2.87 | 2.03 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 0.08 | 0.07 | 0.05 | n.a |
Current Liab. to Liab. | 1.00 | 1.00 | 1.00 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $9,824 | $25,894 | $55,640 | n.a |
Interest Coverage | 0.00 | 0.00 | 0.00 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.42 | 0.35 | 0.49 | n.a |
Current Debt/Total Assets | 7% | 6% | 4% | n.a |
Acid Test | 5.52 | 10.66 | 18.32 | n.a |
Sales/Net Worth | 2.55 | 3.06 | 2.13 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Small companies | 0% | $0 | $600 | $1,500 | $1,360 | $1,820 | $2,296 | $2,811 | $3,240 | $3,558 | $3,769 | $3,936 | $4,450 |
Medium companies | 0% | $0 | $0 | $0 | $2,000 | $2,676 | $3,376 | $4,134 | $4,765 | $5,232 | $5,543 | $5,788 | $6,544 |
Total Sales | $0 | $600 | $1,500 | $3,360 | $4,496 | $5,672 | $6,945 | $8,005 | $8,790 | $9,312 | $9,724 | $10,994 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Small companies | $0 | $18 | $45 | $41 | $55 | $69 | $84 | $97 | $107 | $113 | $118 | $133 | |
Medium companies | $0 | $0 | $0 | $60 | $80 | $101 | $124 | $143 | $157 | $166 | $174 | $196 | |
Subtotal Direct Cost of Sales | $0 | $18 | $45 | $101 | $135 | $170 | $208 | $240 | $264 | $279 | $292 | $330 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Kiev | 0% | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 |
Assistant | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 |
Total People | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | |
Total Payroll | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $6,380 | $6,380 | $6,380 | $6,380 | $6,380 | $6,380 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $0 | $600 | $1,500 | $3,360 | $4,496 | $5,672 | $6,945 | $8,005 | $8,790 | $9,312 | $9,724 | $10,994 | |
Direct Cost of Sales | $0 | $18 | $45 | $101 | $135 | $170 | $208 | $240 | $264 | $279 | $292 | $330 | |
Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $18 | $45 | $101 | $135 | $170 | $208 | $240 | $264 | $279 | $292 | $330 | |
Gross Margin | $0 | $582 | $1,455 | $3,259 | $4,361 | $5,502 | $6,737 | $7,765 | $8,526 | $9,033 | $9,432 | $10,664 | |
Gross Margin % | 0.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | 97.00% | |
Expenses | |||||||||||||
Payroll | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $6,380 | $6,380 | $6,380 | $6,380 | $6,380 | $6,380 | |
Sales and Marketing and Other Expenses | $235 | $235 | $235 | $235 | $235 | $235 | $235 | $235 | $235 | $235 | $235 | $235 | |
Depreciation | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
Website maintenance | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
Insurance | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | |
Rent | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | |
Payroll Taxes | 15% | $525 | $525 | $525 | $525 | $525 | $525 | $957 | $957 | $957 | $957 | $957 | $957 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $5,185 | $5,185 | $5,185 | $5,185 | $5,185 | $5,185 | $8,497 | $8,497 | $8,497 | $8,497 | $8,497 | $8,497 | |
Profit Before Interest and Taxes | ($5,185) | ($4,603) | ($3,730) | ($1,926) | ($824) | $317 | ($1,760) | ($732) | $29 | $536 | $935 | $2,167 | |
EBITDA | ($4,985) | ($4,403) | ($3,530) | ($1,726) | ($624) | $517 | ($1,560) | ($532) | $229 | $736 | $1,135 | $2,367 | |
Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($5,185) | ($4,603) | ($3,730) | ($1,926) | ($824) | $317 | ($1,760) | ($732) | $29 | $536 | $935 | $2,167 | |
Net Profit/Sales | 0.00% | -767.17% | -248.67% | -57.32% | -18.33% | 5.58% | -25.34% | -9.14% | 0.33% | 5.75% | 9.62% | 19.71% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $0 | $600 | $1,500 | $3,360 | $4,496 | $5,672 | $6,945 | $8,005 | $8,790 | $9,312 | $9,724 | $10,994 | |
Subtotal Cash from Operations | $0 | $600 | $1,500 | $3,360 | $4,496 | $5,672 | $6,945 | $8,005 | $8,790 | $9,312 | $9,724 | $10,994 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $0 | $600 | $1,500 | $3,360 | $4,496 | $5,672 | $6,945 | $8,005 | $8,790 | $9,312 | $9,724 | $10,994 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $6,380 | $6,380 | $6,380 | $6,380 | $6,380 | $6,380 | |
Bill Payments | $50 | $1,486 | $1,504 | $1,532 | $1,587 | $1,621 | $1,671 | $2,126 | $2,158 | $2,181 | $2,197 | $2,210 | |
Subtotal Spent on Operations | $3,550 | $4,986 | $5,004 | $5,032 | $5,087 | $5,121 | $8,051 | $8,506 | $8,538 | $8,561 | $8,577 | $8,590 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $3,550 | $4,986 | $5,004 | $5,032 | $5,087 | $5,121 | $8,051 | $8,506 | $8,538 | $8,561 | $8,577 | $8,590 | |
Net Cash Flow | ($3,550) | ($4,386) | ($3,504) | ($1,672) | ($591) | $551 | ($1,106) | ($501) | $252 | $751 | $1,147 | $2,404 | |
Cash Balance | $18,651 | $14,265 | $10,761 | $9,089 | $8,498 | $9,049 | $7,943 | $7,442 | $7,693 | $8,444 | $9,592 | $11,995 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $22,200 | $18,651 | $14,265 | $10,761 | $9,089 | $8,498 | $9,049 | $7,943 | $7,442 | $7,693 | $8,444 | $9,592 | $11,995 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $22,200 | $18,651 | $14,265 | $10,761 | $9,089 | $8,498 | $9,049 | $7,943 | $7,442 | $7,693 | $8,444 | $9,592 | $11,995 |
Long-term Assets | |||||||||||||
Long-term Assets | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 |
Accumulated Depreciation | $0 | $200 | $400 | $600 | $800 | $1,000 | $1,200 | $1,400 | $1,600 | $1,800 | $2,000 | $2,200 | $2,400 |
Total Long-term Assets | $19,800 | $19,600 | $19,400 | $19,200 | $19,000 | $18,800 | $18,600 | $18,400 | $18,200 | $18,000 | $17,800 | $17,600 | $17,400 |
Total Assets | $42,000 | $38,251 | $33,665 | $29,961 | $28,089 | $27,298 | $27,649 | $26,343 | $25,642 | $25,693 | $26,244 | $27,192 | $29,395 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $1,436 | $1,453 | $1,479 | $1,533 | $1,566 | $1,600 | $2,055 | $2,085 | $2,108 | $2,123 | $2,135 | $2,172 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $1,436 | $1,453 | $1,479 | $1,533 | $1,566 | $1,600 | $2,055 | $2,085 | $2,108 | $2,123 | $2,135 | $2,172 |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $0 | $1,436 | $1,453 | $1,479 | $1,533 | $1,566 | $1,600 | $2,055 | $2,085 | $2,108 | $2,123 | $2,135 | $2,172 |
Paid-in Capital | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 |
Retained Earnings | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) | ($1,000) |
Earnings | $0 | ($5,185) | ($9,788) | ($13,518) | ($15,444) | ($16,268) | ($15,951) | ($17,712) | ($18,444) | ($18,415) | ($17,879) | ($16,944) | ($14,776) |
Total Capital | $42,000 | $36,815 | $32,212 | $28,482 | $26,556 | $25,732 | $26,049 | $24,288 | $23,556 | $23,585 | $24,121 | $25,056 | $27,224 |
Total Liabilities and Capital | $42,000 | $38,251 | $33,665 | $29,961 | $28,089 | $27,298 | $27,649 | $26,343 | $25,642 | $25,693 | $26,244 | $27,192 | $29,395 |
Net Worth | $42,000 | $36,815 | $32,212 | $28,482 | $26,556 | $25,732 | $26,049 | $24,288 | $23,556 | $23,585 | $24,121 | $25,056 | $27,224 |
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In an increasingly visual world, the significance of graphic design transcends mere aesthetics; it has evolved into a powerful medium that influences decisions, conveys messages, and shapes perceptions across various sectors. Graphic design is the unspoken language of branding, marketing, and communication, and its importance cannot be overstated.
Statistics tell a compelling story. A study by Adobe revealed that 38% of consumers will stop website engagement if the content or layout is unattractive. In the world of social media, posts with images garner 650% more engagement than text-only posts. These figures underline the pivotal role graphic design plays in captivating an audience, fostering engagement, and ultimately driving success.
For those considering venturing into the world of graphic design, understanding the essentials of a graphic design business is paramount. This includes mastering design software, building a solid portfolio, and staying tuned to design trends that continually shape the industry. However, equally critical is having the right tools at your disposal.
This is where our graphic design business templates come into play. As an indispensable tool, they provide a foundation for design projects, saving time and effort while maintaining a professional standard. With our business plan ppt templates, you can streamline your creative process, ensuring consistency and quality in your work. These templates are the backbone of efficient, professional, and visually captivating design.
Whether you're an established graphic designer or just starting, the use of our graphic design business templates will help elevate your work and set you on the path to success in this dynamic and ever-evolving field.
When you download this business plan template, you will get access to a total of 52-page template documents. These are completely editable as per your needs and requirements. However, for the ease of this blog, we will only highlight the top 10 templates from this entire deck. After downloading, you will get the 52-page Doc, PDF, and XLS files.
Also, if you are looking Graphic Design Cover Letter Templates , here's a handy guide with the most popular samples and examples.
The executive summary is the gateway for investors to your graphic design business plan. It condenses the entire plan into a few paragraphs, highlighting key aspects such as your business's mission, financial projections, and market opportunity. This section is vital for investors as it allows them to quickly grasp the potential of your venture, making it easier for them to decide whether to delve deeper into the plan.
In our Executive Summary section, you will get templates for
1.1 The Quick Pitch: In a nutshell, your graphic design business quick pitch emphasizes visually transforming brands and content to captivate audiences and drive success.
1.2 The Entity: Your graphic design business stands as a creative entity specializing in crafting captivating visuals and compelling brand identities, appealing to investors seeking innovation and market presence.
Download this business plan
Investors seek a strong understanding of the company they might invest in. The company overview provides crucial insights into the graphic design business's history, values, and core mission. It is essential for investors as it sets the right tone for the entire plan and helps them assess if the company aligns with their investment goals and values.
In our Company Overview section, you will get templates for
2.1 Mission and Vision: Identify graphic design business that envisions creative branding solutions that inspire trust and captivate audiences.
2.2 Goals and Objectives: Well-defined goals drive growth, client satisfaction, and investor profitability in your graphic design business.
2.3 Start-up Summary: This section offers a financial snapshot, showing your graphic design business's readiness for growth.
2.4 Market Gap and Solution: Identifying gaps and offering innovative design solutions makes your business appealing to investors.
2.5 Product and Services Offered: Your graphic design business excels in a wide range of visual products and services, benefiting clients from various industries; talk about them here.
2.6 Key Success Factors: A talented team, advanced technology, and a client-focused approach highlight your business's potential for excellence, attracting investor interest.
Investors need to grasp the broader context within which your graphic design business operates. This section paints a detailed picture of the industry, covering market size, growth trends, and critical factors influencing the sector. Investors rely on this analysis to assess the long-term potential and stability of their investment.
In our Industry Analysis section, you will get templates for
3.1 Market Analysis: Comprehensive market analysis guides your business to navigate the visual communication industry effectively.
3.2 Market Trends: Staying updated with market trends ensures your business remains innovative and appealing to clients and investors alike.
3.3 Major Challenges: Addressing industry challenges showcases your adaptability and resilience, bolstering investor confidence.
3.4 Growth Drivers: Recognizing growth drivers highlights the potential for your business to prosper, attracting investors.
3.5 Geographical Analysis: Analyzing different markets enables you to customize services, expanding your clientele and investor appeal.
The customer analysis reveals the demographics, behaviors, and needs of your target audience. Investors need this information to gauge the demand for your design services and the potential for revenue generation.
In our Customer Analysis section, we offer comprehensive templates for:
4.1 Target Market: Your business identifies a diverse target market, offering creative solutions that resonate with a broad array of clients and industries.
4.2 Buyer Persona: Crafting specific buyer personas enables your graphic design business to tailor visual content to the unique needs, preferences, and challenges of ideal clients.
4.3 Market Sizing: By analyzing market sizing, you gain insights into the vast potential of the visual communication industry, showcasing the lucrative opportunities available for investors.
A comprehensive competitor landscape analysis not only showcases your strengths and uniqueness but also identifies areas where your business can outperform rivals. Investors use this information to gauge your competitive advantage, which directly impacts profitability.
The SWOT analysis is an essential section for investors. It provides a balanced view of your graphic design business's internal strengths and weaknesses, as well as external opportunities and threats. Investors rely on this analysis to assess their preparedness to face challenges and capitalize on opportunities, ensuring the sustainability of their investment.
Investors value the strategic insights provided by Porter's Framework. This section outlines your strategy for creating a sustainable competitive advantage. It demonstrates to investors how your graphic design business plans to stand out in the market, attract clients, and maintain profitability. Investors use this to evaluate the viability and attractiveness of your business model.
A well-structured marketing plan is essential for attracting clients and generating revenue. Investors pay close attention to this section as it details your strategy for reaching and retaining clients. It provides insights into your customer acquisition and retention methods, which are crucial for evaluating the revenue-generating potential of your graphic design business. Investors are interested in how you plan to scale your business and achieve a return on their investment.
In our Marketing Plan section, we provide templates for:
8.1 Marketing Strategies: Your marketing strategies amplify the visibility of your services, attracting clients with captivating visuals and brand enhancement.
8.2 Sales Strategies: Effective sales strategies ensure that your converts leads into satisfied clients, driving revenue and business growth.
8.3 Pricing Strategies: Strategic pricing methods optimize your offerings, balancing value and profitability while remaining competitive in the market.
8.4 Sales Funnel: Your sales funnel outlines the precise journey through which potential clients become loyal patrons of your services, guiding them from interest to engagement and conversion.
An efficient operational plan is paramount in ensuring the smooth execution of graphic design projects. Investors place significant emphasis on this section as it outlines the blueprint for managing design workflows and resources. It provides insights into your capacity to meet project deadlines and maintain quality standards, which are critical for reassuring investors about the dependable execution of design services and, ultimately, the return on their investment.
In our Operational Plan section, we provide templates for:
9.1 Business Model: Your graphic design business model thrives on visual creativity, delivering impactful solutions for clients.
9.2 Milestones: Milestones highlight achievements and growth, offering investors clear markers of progress.
The financial plan is a pivotal section for investors, particularly in the graphic design industry. It meticulously outlines revenue projections, budget allocation for design tools and software, and an assessment of operating costs. Investors rely on this section to evaluate the financial viability of your graphic design business. They are keen to understand the revenue-generating potential, cost management strategies, and overall profitability outlook, ensuring that their investment aligns with their financial objectives.
In our Financial Plan section, we provide templates for:
10.1 Financial Assumptions: Sound financial assumptions anchor your graphic design business plan, serving as a roadmap for investment decisions.
10.2 Revenue Model and Sales Forecast: Your revenue model reflects the power of creative design in driving sales, with forecasts rooted in industry demand and market potential.
10.3 Break-Even Analysis : The break-even point signals the moment your graphic design business turns profitable, reassuring investors about your financial sustainability.
10.4 Projected Profit and Loss Account: The profit and loss account paints a vivid picture of your financial performance, demonstrating how your design expertise translates into profit.
10.5 Projected Cash Flow Statement: Your cash flow statement showcases the steady influx and outflow of funds, ensuring operational continuity in your graphic design endeavors.
10.6 Projected Balance Sheet: The balance sheet reflects the financial health of your graphic design business, highlighting assets and liabilities and ensuring investors of stability.
10.7 Scenario Analysis: In a dynamic market, scenario analysis equips you to adapt to various conditions, reassuring investors of your preparedness for potential challenges.
10.8 DCF Valuation: Employing discounted cash flow (DCF) valuation underscores the intrinsic value of your graphic design business.
Having a business plan in place ensures that half of your work is done! This business plan template will act as a guiding tool to make sure that your graphic design business is put in front of the investors in the right way! It will not only come across as something that is attention-grabbing but also looks incredibly professional. Ensuring a positive picture of your brand is painted in the minds of your target audience. If you want a single document that outlines all of the relevant details about your business, you can download the one-pager document directly. Go ahead and paint your graphic design business canvas.
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In the fast-paced world of graphic design, standing out from the competition is essential. But how do you create a clear path to success in such a creative and dynamic industry? That's where ClickUp's Business Plan Template for Graphic Designers comes in handy!
With our ready-made template, freelance graphic designers and design agencies can:
Whether you're a seasoned designer looking to level up your business or a new agency aiming to make a splash, our Business Plan Template will help you navigate the design world with confidence. Start planning your success today!
A business plan template for graphic designers is an essential tool for success in the competitive design industry. Here are some benefits of using this template:
ClickUp’s Business Plan Template for Graphic Designers is the perfect tool to help freelance graphic designers or graphic design agencies stay organized and focused on their business goals. Here are the main elements of this template:
Custom Statuses: Keep track of your progress with statuses such as Complete, In Progress, Needs Revision, and To Do, allowing you to easily see which tasks need your attention and which are already completed.
Custom Fields: Utilize custom fields like Reference, Approved, and Section to add important information to each task, such as reference materials or approval status, ensuring all necessary details are easily accessible within the template.
Custom Views: Access five different views, including Topics, Status, Timeline, Business Plan, and Getting Started Guide, to visualize your business plan from different perspectives. Whether you want to focus on specific topics, track task statuses, or view a timeline of your plan, ClickUp has you covered.
Project Management: Take advantage of ClickUp's project management features, such as task dependencies, time tracking, and collaboration tools, to ensure efficient workflow and successful execution of your business plan.
With ClickUp’s Business Plan Template for Graphic Designers, you can streamline your planning process and achieve your business goals with ease.
If you're a graphic designer looking to create a solid business plan, you're in the right place. By using the Business Plan Template in ClickUp and following the steps outlined below, you'll be well on your way to establishing a successful graphic design business.
Start by clearly defining the vision and mission of your graphic design business. What do you hope to achieve? Who is your target audience? Having a clear vision and mission statement will guide your business decisions and help you stay focused on your goals.
Use a Doc in ClickUp to brainstorm and articulate your vision and mission.
Next, identify your target market. Who are the clients you want to work with? What industries do you specialize in? Understanding your target market will help you tailor your services and marketing efforts to attract the right clients.
Create tasks in ClickUp to research and identify your target market segments.
Outline the services you offer as a graphic designer and determine your pricing structure. Be sure to consider factors such as your level of expertise, the complexity of the project, and the value you provide to clients. Setting clear and competitive pricing will help you attract clients and ensure you're compensated fairly for your work.
Create custom fields in ClickUp to track your services and pricing options.
To attract clients and grow your graphic design business, you'll need an effective marketing strategy. Consider tactics such as creating a portfolio website, leveraging social media platforms, attending industry events, and networking with potential clients. Determine which marketing channels are most relevant to your target market and develop a plan to reach them.
Use the Calendar view in ClickUp to schedule and track your marketing activities.
Setting financial goals and projections is crucial for the success of your business. Determine how much revenue you want to generate, as well as your desired profit margin. Consider factors such as operating expenses, taxes, and any investments you'll need to make in equipment or software. Creating a financial plan will help you stay on track and make informed business decisions.
Use Dashboards in ClickUp to monitor your financial goals and track your progress.
Once your business plan is in place, it's important to regularly monitor your progress and make adjustments as needed. Keep an eye on your financial performance, marketing efforts, and client feedback. If something isn't working, don't be afraid to pivot and try a new approach. Remember, flexibility is key to building a successful graphic design business.
Set recurring tasks in ClickUp to regularly review and update your business plan based on your evolving needs and goals.
Graphic designers can use the Business Plan Template in ClickUp to create a comprehensive and organized roadmap for their design business.
First, hit "Add Template" to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.
Next, invite relevant members or guests to your Workspace to start collaborating.
Now you can take advantage of the full potential of this template to create a successful graphic design business:
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Are you looking to start a successful graphic design business? It doesn't have to be a daunting task. With the right plan, you can make sure your business has the best chance at success. The #1 Graphic Design Business Plan Template & Guidebook provides everything you need to create an organized, professional and detailed plan. With just a few simple steps, you'll be well on your way to launching a successful graphic design business.
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1. describe the purpose of your graphic design business..
The first step to writing your business plan is to describe the purpose of your graphic design business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.
It also helps to include a vision statement so that readers can understand what type of company you want to build.
Here is an example of a purpose mission statement for a graphic design business:
Our mission is to create stylish and innovative graphic design solutions that enhance our clients' brands and visibility in the marketplace, while providing excellent customer service and value.
The next step is to outline your products and services for your graphic design business.
When you think about the products and services that you offer, it's helpful to ask yourself the following questions:
You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.
If you don't have a marketing plan for your graphic design business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals.
A good marketing plan for your graphic design business includes the following elements:
Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations.
In it, you should list:
The second part of your graphic design business plan is to develop a management and organization section.
This section will cover all of the following:
This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.
Typically, expenses for your business can be broken into a few basic categories:
Startup Costs
Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a graphic design business varies based on many different variables, but below are a few different types of startup costs for a graphic design business.
Running & Operating Costs
Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.
Marketing & Sales Expenses
You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your graphic design business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.
A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your graphic design business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses.
Here are some steps you can follow to devise a financial plan for your graphic design business plan:
Why do you need a business plan for a graphic design business.
A business plan is an important tool for the success of any graphic design business. It can help by providing a clear understanding of the goals and objectives, developing strategies to reach those goals, and creating an action plan that outlines how those objectives will be met. Additionally, having a plan in place can help with financial planning, budgeting, and attracting potential investors or partners.
When creating a business plan for a graphic design business, it is best to consult a professional business advisor or accountant. They can help assess any potential risks and provide advice on the most suitable financial structure for the business. Additionally, you could join a local entrepreneur group or organization such as SCORE or BizFilings that offers resources and advice for entrepreneurs.
Yes, it’s possible to write a graphic design business plan yourself. It’s important to be organized and familiar with the components of a business plan before beginning. A good first step is to research and read business plans in the graphic design industry, as well as studying industry trends. After gaining an understanding of the industry, you can create an executive summary and market evaluation of your product or service. Additionally, be sure to include details about your management team, marketing strategy, pricing structure, financial projections and more.
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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.
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Published Jan.30, 2018
Updated Apr.23, 2024
By: Noor Muhammad
Average rating 3.8 / 5. Vote count: 4
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Table of Content
Are you planning to start your own company of graphics designing ? Well, if you are creative and also have the ability to bring your creativity to the table then this is definitely the right business for you.
Graphic designing is probably one of the skills which are needed in nearly every other business. If you are not convinced, just look around you and you will see graphics everywhere. Graphic designing is needed in branding, posters, print advertisement, product packaging, publications (newspapers, books, magazines etc.), handbills, billboards, websites, in short nearly all areas. This business has undoubtedly a lot of market potential and a need for continuously emerging new and innovative minds.
The biggest benefit of starting this business is that it requires the least capital investment as compared to many other businesses. You can start this business in a small office with a small team and a little inventory comprising of laptops, and a few office and stationery products. The second benefit is that this business starts yielding a profit as soon as it is launched and has the least amount of risk associated with it, provided that you are creative and plan your business effectively.
So, before you move on to starting this venture, you will have to prepare a comprehensive graphics design business plans which will establish the basis of your company’s future operations and decisions. If you are wondering how to write one then here we are providing you the business plan for a graphic designing business startup named ‘PixelCo’.
2.1 the business.
PixelCo will be a bonded, insured and licensed graphic design business striving to cultivate relevant and meaningful connections between brands and people by our unparalleled visuals and graphic designing services. PixelCo will be located in the Manhattan borough of the New York City and will be owned by Angela Gori, a world-renowned Graphic Designer. Gori has been associated with some of the world’s biggest graphics designing companies and was Chief Creative Officer for the American Marketing Association, D.C. Chapter for last 6 years. She has worked with about 14 out of top Fortune 100 companies as well as various influential associations, consumer brands, educational institutions and government agencies.
A 200 square feet office has already been acquired on lease in the center of the main commercial district of the downtown Manhattan. The place was formerly used as an office for a small IT firm. Some changes and interior designing woodwork are also required and a contractor has been hired for this purpose.
The success of a startup heavily depends on its staff and management so make sure to plan it before thinking about how to start your own graphic design business . Gori has always been extremely passionate to start a graphic design company of her own even from her college days, that’s she had planned everything beforehand.
The main management body of the company will comprise of sales executives, graphic artists, cartoon and animation specialists, website developers and customer representatives. The team will be led and managed by Gori herself, who is well experienced in fulfilling all business plans for graphic design needs. The staff will be hired one month before the launch of startup and will be trained by Gori.
Our target market is the corporate sector, institutions, and organizations located in Manhattan and other parts of the world because anybody from anywhere can acquire our services through our official website and can pay us via PayPal, Payoneer, or online bank transfer. We will provide all sort of graphic designing business mainly website design, logo design, advertising material design, animations design, etc. We have priced all our services in the similar ranges as of our competitors except for brand logos whose price have been set 20% less so as to encourage sales. For an express delivery of 24 hours, an additional 10% amount will be charged on all of our services.
We aim to become the best graphic designer in the New York City within next five years of our startup. Our main business targets to be achieved as milestones over the course of next three years are as follows:
We can achieve our business targets by following these keys to success:
3.1 company owner.
PixelCo will be owned by Angela Gori, a world-renowned Graphic Designer. After completing her Masters of Art in Graphic Designing from University of Illinois, Chicago, Gori remained associated with some of the world’s biggest graphics designing companies and was Chief Creative Officer for the American Marketing Association, D.C. Chapter for last 6 years. She has also been recognized with the prestigious FOLIO: Top Women in Media award for her achievements as a leader. So far, she has worked with almost 14 out of top Fortune 100 companies as well as various influential associations, consumer brands, educational institutions and government agencies.
Gori pursued her passion by serving in some of the biggest graphic designing companies of the United States but soon she realized that she can establish her name in this industry only by her own setup. That’s when she decided to start graphic design business completely by herself. Now, she will have all the freedom needed to realize even the craziest of her innovative ideas.
Starting a graphic design business is very easy since it doesn’t require as much inventory as needed in other businesses. Gori has planned everything about her business including the required personnel and inventory. The company will procure following things for the startup.
The financial experts have forecasted following costs for expenses, assets, investment, and bank loans for the business plan .
The detailed start-up requirements, start-up funding, start-up expenses, total assets, total funding required, total liabilities, total planned investment, total capital and liabilities as forecasted by experts, is given below:
Legal | $75,500 |
Consultants | $0 |
Insurance | $62,750 |
Rent | $22,500 |
Research and Development | $42,750 |
Expensed Equipment | $42,750 |
Signs | $1,250 |
TOTAL START-UP EXPENSES | $247,500 |
Start-up Assets | $0 |
Cash Required | $322,500 |
Start-up Inventory | $52,625 |
Other Current Assets | $222,500 |
Long-term Assets | $125,000 |
TOTAL ASSETS | $121,875 |
Total Requirements | $245,000 |
$0 | |
START-UP FUNDING | $273,125 |
Start-up Expenses to Fund | $121,875 |
Start-up Assets to Fund | $195,000 |
TOTAL FUNDING REQUIRED | $0 |
Assets | $203,125 |
Non-cash Assets from Start-up | $118,750 |
Cash Requirements from Start-up | $0 |
Additional Cash Raised | $118,750 |
Cash Balance on Starting Date | $121,875 |
TOTAL ASSETS | $0 |
Liabilities and Capital | $0 |
Liabilities | $0 |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
TOTAL LIABILITIES | $0 |
Capital | $0 |
Planned Investment | $0 |
Investor 1 | $312,500 |
Investor 2 | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
TOTAL PLANNED INVESTMENT | $695,000 |
Loss at Start-up (Start-up Expenses) | $313,125 |
TOTAL CAPITAL | $221,875 |
TOTAL CAPITAL AND LIABILITIES | $221,875 |
Total Funding | $265,000 |
PixelCo will mainly provide visual communication and graphic designing services to small startups as well as established companies. We want to compete with all leading graphic design businesses in the United States, which is why we have formed a quality assurance team that will ensure that all of our services meet our customers’ expectations. Our products and services are listed below:
Our services can either be acquired by visiting our office in downtown Manhattan or by our official website.
Customers can contact us online where they will be assigned to one of our representatives who will record the customer order in detail. Customers can also pay us via PayPal, Payoneer, or online bank transfer.
The most important component of an effective graphic design business plans is its accurate marketing analysis that’s why Gori acquired the services of marketing experts to help her through this phase. It is only after this stage that a good graphic design business plans could have been developed. After identifying the trends of graphic design market in the New York City, the marketing experts and analysts also helped her to select the best site for establishing the main office of the company.
The success or failure of a business totally depends upon its marketing strategy which can only be developed on the basis of accurate marketing analysis. There are four main steps to carry out an accurate graphic design marketing analysis which are to identify the current market trends, identify your target audience and potential customers, set out the business targets to achieve, and finally set the prices of your products and services. Marketing analysis is extremely important because the planning of many subsequent components depends on it and it also forms the basis of the business strategy of marketing for graphic designers or graphic designing companies. Therefore, it must be considered before developing the planned business model graphic .
Graphic design is non-verbal or visual communication. Anything that cannot be done verbally but needs to be communicated must be put into some form of design so as to send the message across. If you look around you will find yourself surrounded by graphics, the picture on your coffee mug, the magazine cover, the pack of gum on your desk, and even the typeface in a TV ad are all examples of graphic design business plans.
That’s why graphic design industry is one of the biggest and the fastest growing industries in the world. As of 2017, there were more than 335,000 graphic design companies in the world including small and large companies as well as individual graphic design freelancers. The annual revenue earned by these businesses was over $62 Billion. Moreover, this industry is one of the few industries which have seen a constant increase in revenue along with the increase in business locations with time. Similarly, graphic designing is one of the popular businesses in the United States. According to the US Bureau of Labor, the graphic design industry employed more than 280,000 people in the US as of 2008 including web designers and other print designers as well.
This growth is attributed to the increase in other businesses in the United States since all businesses require graphic design services to appear professionally to the public. Graphic designing services are required by every business for its advertisement, promotion, and marketing and as other business increases, the market for graphic design business plans also increases. After identifying these market trends, it is clearly evident that the graphic design business is always blooming and can be immensely profitable provided that you plan your business successfully.
Our target market is the corporate sector located in the Central Business District of the Manhattan which provides many opportunities to us. Manhattan houses more than 300,000 businesses as of 2014, including local, national and multinational businesses. On average, these businesses make millions of dollars every year and can easily spend extravagantly on their graphic designing needs for the sake of promoting their brands.
In order to develop a good marketing strategy, it is crucial to analyze the market segmentation. A successful and efficient marketing strategy can only be developed after we completely know our potential customers. Our experts have identified the following type of target audience which can become our future consumers:
The detailed marketing segmentation of our target audience is as follows:
The biggest consumer of our services will be the corporate sector located in the Downtown Manhattan and in various parts of the world. There are hundreds of local, national and multinational businesses and companies located within 15 km radius of our office including product manufacturers and distributors, real estate owners, developers, and contractors, research and development companies, banks and insurance companies, hotels, restaurants and food companies, IT and software development firms, branding and advertising agencies.
These companies and businesses require the services of graphic designers for fulfilling their visual communicative needs such as to create/update their brand logos and create/update the graphics on their websites or social media pages. These companies need graphic designers for developing an instant connection between their target audience and their products/services, and also for producing visual aids and informative images (e.g. menu for a restaurant, infographics) that help the customers in communication and various other purposes. Utilizing an appropriate graphic design can improve every aspect of a business and can positively impact clients, vendors, and employees.
Considering the need of graphic designing for these businesses and their annual average income, our experts have forecasted this target group to contribute the biggest portion of our revenue. Hence our marketing strategy will be specifically tailored to attract this customer group.
Our second target group comprises of various institutions and organizations located in Manhattan including government and public-sector organizations, schools, colleges and universities, political parties, religious and sports organizations, and non-profit organizations. These organizations also need graphic design services for promoting their messages and other purposes.
Our third target group consists of print and digital media companies located in Manhattan. These companies include but are not limited to television studios, video production companies, publication companies (for graphics designing of newspapers, magazines, and books). This group, due to its specific nature, requires a lot of graphic designing work and will thus become the second biggest consumer of our services. The detailed market analysis of our potential customers is given in the following table:
Potential Customers | Growth | CAGR | |||||||
Corporate Sector | 48% | 22,334 | 32,344 | 43,665 | 52,544 | 66,432 | 10.00% | ||
Institutions & Organizations | 18% | 11,433 | 13,344 | 16,553 | 18,745 | 20,545 | 13.43% | ||
Print & Digital Media | 34% | 18,322 | 19,455 | 20,655 | 22,867 | 24,433 | 15.32% | ||
Total | 100% | 52,089 | 65,143 | 80,873 | 94,156 | 111,410 | 9.54% |
Our target is to balance the initial cost of startup within the first year of our launch and to become the best graphic designer of the New York City within next five years of our startup.
Millie, thanks for all your excellent job, and timely provided BP. Would definitely recommend you and your team!
Product and service pricing is one of the most important factors in deciding the strategy for an event planning business. After considering the market demands, we have priced all our services in the similar ranges as of our competitors except for brand logos whose price have been set 20% less so as to encourage sales. The reason behind our pricing policy is to achieve the minimum attractive rate of return which would not be possible in case of offering our services at low prices. Various packages are priced according to the delivery time and number of revisions. For an express delivery of 24 hours, an additional 10% amount will be charged on all of our services.
After identifying the graphic designer demographics , market trends, market demand, and the potential customers of the startup, the next step is to define an effective strategy to target graphic design customers. A successful strategy can only be developed after setting specific marketing goals, defining milestones to achieve those goals, carrying out a competitive analysis to know what is missing in your current competitors, and finally develop the strategy for attracting your potential customers.
The important milestones to achieve our marketing as well as business goals are given in the following Gantt Chart.
Complete Business Plan | 2/1/2018 | 5/1/2018 | 100 |
Sign Rental Contract | 3/20/2018 | 3/20/2018 | 0 |
Convert Premises | 4/1/2018 | 4/30/2018 | 40 |
Hire Car Wash Staff | 4/20/2018 | 4/20/2018 | 0 |
Hire Admin Staff | 4/20/2018 | 4/20/2018 | 0 |
Open for Business | 5/1/2018 | 5/1/2018 | 0 |
Distribute Flyers | 4/28/2018 | 5/5/2018 | 12 |
Press Release | 4/29/2018 | 4/29/2018 | 0 |
Follow-up on Press Release | 4/30/2018 | 4/30/2018 | 0 |
The graphic design business plans is undoubtedly one of the most competitive industries of the United States. With the increasing number of graphic design startups and freelancers, the competition is getting stiffer by the day. One has to be highly creative and come up with innovative designs and concepts so as to survive and grow in this industry. Our competitive advantage lies in the power and dedication of our team. We have a team of creative and highly proficient graphic designers, a team with excellent qualifications and experience various niche areas in the graphic design industry. Our second biggest competitive advantage will be the leadership of Gori since she is a world-renowned graphic designer and has worked with 14 out of top Fortune 100 companies.
After carrying out a detailed analysis, our experts came up with the following brilliant ideas to advertise and sell ourselves.
Considering the quality of our services and our exceptional marketing strategy, our sales pattern is expected to increase with years. By analyzing our market segmentation strategy, our experts have forecasted the following sales on a yearly basis which are summarized in the column charts.
The detailed information about sales forecast, total unit sales, total sales is given in the following table:
Unit Sales | Year 3 | ||
Website design & graphics | 187,330 | 260,320 | 258,240 |
Print media design & graphics | 802,370 | 815,430 | 823,540 |
Advertising & corporate branding | 539,320 | 770230 | 1,002,310 |
Logo design & visual identity services | 265,450 | 322,390 | 393,320 |
Animations & cartoons | 1,435,320 | 1,250,430 | 1,762,450 |
TOTAL UNIT SALES | |||
Unit Prices | Year 1 | Year 2 | Year 3 |
Website design & graphics | $140.00 | $150.00 | $160.00 |
Print media design & graphics | $600.00 | $800.00 | $1,000.00 |
Advertising & corporate branding | $700.00 | $800.00 | $900.00 |
Logo design & visual identity services | $650.00 | $750.00 | $850.00 |
Animations & cartoons | $140.00 | $120.00 | $100.00 |
Sales | |||
Website design & graphics | $214,800 | $274,000 | $333,200 |
Print media design & graphics | $120,050 | $194,500 | $268,500 |
Advertising & corporate branding | $50,110 | $71,600 | $93,000 |
Logo design & visual identity services | $139,350 | $194,600 | $249,850 |
Animations & cartoons | $62,350 | $72,300 | $82,250 |
TOTAL SALES | |||
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Website design & graphics | $0.70 | $0.80 | $0.90 |
Print media design & graphics | $0.40 | $0.45 | $0.50 |
Advertising & corporate branding | $0.30 | $0.35 | $0.40 |
Logo design & visual identity services | $3.00 | $3.50 | $4.00 |
Animations & cartoons | $0.70 | $0.75 | $0.80 |
Direct Cost of Sales | |||
Website design & graphics | $98,300 | $183,000 | $267,700 |
Print media design & graphics | $66,600 | $119,900 | $173,200 |
Advertising & corporate branding | $17,900 | $35,000 | $52,100 |
Logo design & visual identity services | $19,400 | $67,600 | $115,800 |
Animations & cartoons | $27,700 | $69,200 | $110,700 |
Subtotal Direct Cost of Sales | $294,100 | $699,400 | $1,104,700 |
With the advent of the internet, it has become very easy for a graphic design company to work for those clients who are located in any other part of the world. That’s why most of the graphic design companies located in the United States have their biggest clients in other countries of the world. This trend is somewhat unique to the graphic design industry and is probably one of the reasons for its rapid growth and expansion. Even any of you can start your own graphic design business either through a freelancing website or by creating your own website.
The international graphic design business is only possible through a well-developed website. A website is just like a digital platform where the clients and service providers can interact, make contracts and even send/receive payments. In addition to that, it is an established fact that a well-ranked website on Google directly or indirectly leads to increased sales. That’s why it is very important to develop an attractive website for a graphic designing business plans.
Gori has a team of website developers, led by Anna Rick, who would be responsible for developing and maintaining the official website of PixelCo. Anna would also ensure that our website remains on the first page of Google because you don’t exist if you are not ranked on the first page of Google. Since this task will be done by our team so no additional cost will be incurred in the startup.
Personnel plan, like all other plans, is an important component of effective d esign business plans so it must be planned before you even think about how to market your graphic design business . Its importance is due to the fact that success of any business significantly depends upon its employees. It is never easy to estimate the number and type of staff needed for a company before it is even launched therefore it is advisable to seek the help of HR experts to get through this phase. Gori acquired the services of experts to help her develop the following personnel plan for her company.
Gori will act as the General Manager of the company and will initially hire following people before she moves to start a graphic design business :
We will ensure that only qualified, creative, hardworking, customer-centric are hired and they are always ready to work in order to help us build a prosperous business benefitting all stakeholders (owner, workforce as well as customers). To ensure the best quality service, all employees will be selected through vigorous testing and will be trained for a month before starting their jobs.
The following table shows the data about employees and their salaries for next three years. The salaries of the employees for the second and third year are estimated by our experts on the basis of our forecasted expansion. The salaries will show a deviation if the company expands more or less than the forecasted growth rate.
Accountant | $85,000 | $95,000 | $105,000 |
Sales Executives | $85,000 | $92,000 | $109,000 |
Graphic Artists | $166,000 | $173,000 | $180,000 |
Cartoon and Animation Specialists | $35,000 | $42,000 | $59,000 |
Website Developers | $60,000 | $63,300 | $70,000 |
Customer Representatives | $63,300 | $70,000 | $76,700 |
Front Desk Officer | $20,000 | $23,300 | $30,000 |
Security Officer | $40,000 | $45,000 | $52,000 |
Total Salaries | $429,300 | $463,600 | $524,700 |
After deciding the strategy and personnel plan of the company, the next step is to develop a detailed map about the financial projections covering all aspects of the company. Just like the planning of other aspects, you must prepare a financial plan before you start thinking about how to start graphic design business . The financial plan should craft a detailed map about the cost of startup, inventory, payroll, equipment, rent, utilities and how these costs will be covered by the earned profits. So, before starting a graphic design business , make sure to carry out a detailed profit and loss analysis. The company financial plan outlines the development of the company over the next three years and is specifically developed to achieve both the company’s short-term and long-term objectives.
The company’s financial projections are forecasted on the basis of following assumptions. These assumptions are quite conservative and are also expected to show deviation but to a limited level such that the company’s major financial strategy will not be affected.
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 11.00% | 12.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 26.42% | 27.76% | 28.12% |
Other | 0 | 0 | 0 |
The following graph shows the company’s Brake-even Analysis.
The following table shows the company’s Brake-even Analysis.
Monthly Units Break-even | 5530 |
Monthly Revenue Break-even | $159,740 |
Assumptions: | |
Average Per-Unit Revenue | $260.87 |
Average Per-Unit Variable Cost | $0.89 |
Estimated Monthly Fixed Cost | $196,410 |
The following charts show the company’s expected Profit and Loss situation on the monthly and yearly basis.
Cash Received | |||
Cash from Operations | |||
Cash Sales | $40,124 | $45,046 | $50,068 |
Cash from Receivables | $7,023 | $8,610 | $9,297 |
SUBTOTAL CASH FROM OPERATIONS | |||
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
SUBTOTAL CASH RECEIVED | |||
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $21,647 | $24,204 | $26,951 |
Bill Payments | $13,539 | $15,385 | $170,631 |
SUBTOTAL SPENT ON OPERATIONS | |||
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
SUBTOTAL CASH SPENT | |||
Net Cash Flow | $11,551 | $13,167 | $15,683 |
Cash Balance | $21,823 | $22,381 | $28,239 |
The following graph shows the monthly profit, as forecasted by the company’s financial experts.
The following graph shows the yearly profit, as forecasted by the company’s financial experts.
The following graph shows the monthly gross margin, as forecasted by the company’s financial experts.
The following graph shows the yearly gross margin, as forecasted by the company’s financial experts.
The following table shows detailed information about profit and loss, and total cost of sales.
Sales | $309,069 | $385,934 | $462,799 |
Direct Cost of Sales | $15,100 | $19,153 | $23,206 |
Other | $0 | $0 | $0 |
TOTAL COST OF SALES | |||
Gross Margin | $293,969 | $366,781 | $439,593 |
Gross Margin % | 94.98% | 94.72% | 94.46% |
Expenses | |||
Payroll | $138,036 | $162,898 | $187,760 |
Sales and Marketing and Other Expenses | $1,850 | $2,000 | $2,150 |
Depreciation | $2,070 | $2,070 | $2,070 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $4,000 | $4,250 | $4,500 |
Insurance | $1,800 | $1,800 | $1,800 |
Rent | $6,500 | $7,000 | $7,500 |
Payroll Taxes | $34,510 | $40,726 | $46,942 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $188,766 | $220,744 | $252,722 |
Profit Before Interest and Taxes | $105,205 | $146,040 | $186,875 |
EBITDA | $107,275 | $148,110 | $188,945 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $26,838 | $37,315 | $47,792 |
Net Profit | $78,367 | $108,725 | $139,083 |
Net Profit/Sales | 30.00% | 39.32% | 48.64% |
The following column diagram shows the projected cash flow.
The following table shows detailed data about pro forma cash flow, subtotal cash from operations, subtotal cash received, sub-total spent on operations, subtotal cash spent. The following projected balance sheet shows data about total current assets, total long-term assets, total assets, subtotal current liabilities, total liabilities, total capital, total liabilities and capital.
Assets | |||
Current Assets | |||
Cash | $184,666 | $218,525 | $252,384 |
Accounts Receivable | $12,613 | $14,493 | $16,373 |
Inventory | $2,980 | $3,450 | $3,920 |
Other Current Assets | $1,000 | $1,000 | $1,000 |
TOTAL CURRENT ASSETS | |||
Long-term Assets | |||
Long-term Assets | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $12,420 | $14,490 | $16,560 |
TOTAL LONG-TERM ASSETS | |||
TOTAL ASSETS | |||
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $9,482 | $10,792 | $12,102 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
SUBTOTAL CURRENT LIABILITIES | |||
Long-term Liabilities | $0 | $0 | $0 |
TOTAL LIABILITIES | |||
Paid-in Capital | $30,000 | $30,000 | $30,000 |
Retained Earnings | $48,651 | $72,636 | $96,621 |
Earnings | $100,709 | $119,555 | $138,401 |
TOTAL CAPITAL | |||
TOTAL LIABILITIES AND CAPITAL | |||
Net Worth | $182,060 | $226,240 | $270,420 |
The following table shows data about business ratios, ratio analysis, total assets, net worth.
Sales Growth | 4.35% | 30.82% | 63.29% | 4.00% |
Percent of Total Assets | ||||
Accounts Receivable | 5.61% | 4.71% | 3.81% | 9.70% |
Inventory | 1.85% | 1.82% | 1.79% | 9.80% |
Other Current Assets | 1.75% | 2.02% | 2.29% | 27.40% |
Total Current Assets | 138.53% | 150.99% | 163.45% | 54.60% |
Long-term Assets | -9.47% | -21.01% | -32.55% | 58.40% |
TOTAL ASSETS | ||||
Current Liabilities | 4.68% | 3.04% | 2.76% | 27.30% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 25.80% |
Total Liabilities | 4.68% | 3.04% | 2.76% | 54.10% |
NET WORTH | ||||
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 94.18% | 93.85% | 93.52% | 0.00% |
Selling, General & Administrative Expenses | 74.29% | 71.83% | 69.37% | 65.20% |
Advertising Expenses | 2.06% | 1.11% | 0.28% | 1.40% |
Profit Before Interest and Taxes | 26.47% | 29.30% | 32.13% | 2.86% |
Main Ratios | ||||
Current | 25.86 | 29.39 | 32.92 | 1.63 |
Quick | 25.4 | 28.88 | 32.36 | 0.84 |
Total Debt to Total Assets | 2.68% | 1.04% | 0.76% | 67.10% |
Pre-tax Return on Net Worth | 66.83% | 71.26% | 75.69% | 4.40% |
Pre-tax Return on Assets | 64.88% | 69.75% | 74.62% | 9.00% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 19.20% | 21.16% | 23.12% | N.A. |
Return on Equity | 47.79% | 50.53% | 53.27% | N.A. |
Activity Ratios | ||||
Accounts Receivable Turnover | 4.56 | 4.56 | 4.56 | N.A. |
Collection Days | 92 | 99 | 106 | N.A. |
Inventory Turnover | 19.7 | 22.55 | 25.4 | N.A. |
Accounts Payable Turnover | 14.17 | 14.67 | 15.17 | N.A. |
Payment Days | 27 | 27 | 27 | N.A. |
Total Asset Turnover | 1.84 | 1.55 | 1.26 | N.A. |
Debt Ratios | ||||
Debt to Net Worth | 0 | -0.02 | -0.04 | N.A. |
Current Liab. to Liab. | 1 | 1 | 1 | N.A. |
Liquidity Ratios | ||||
Net Working Capital | $120,943 | $140,664 | $160,385 | N.A. |
Interest Coverage | 0 | 0 | 0 | N.A. |
Additional Ratios | ||||
Assets to Sales | 0.45 | 0.48 | 0.51 | N.A. |
Current Debt/Total Assets | 4% | 3% | 2% | N.A. |
Acid Test | 23.66 | 27.01 | 30.36 | N.A. |
Sales/Net Worth | 1.68 | 1.29 | 0.9 | N.A. |
Dividend Payout | 0 | 0 | 0 | N.A. |
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By: Author Tony Martins Ajaero
Home » Business Plans » Arts & Craft Sector
Are you about starting a graphic design business ? If YES, here’s a complete sample graphic design business plan template & feasibility report you can use for FREE to raise money .
Look around you and you will see graphics all around you; from the television, to the internet and then to the books. Truth remains that graphics will continue to get all the attention it gets now because of the creativity involved in the profession.
Those who are in the trade know that one of the things that make one stand out is the level of creativity one is able to bring to the table.
The graphics industry is vastly becoming a saturated one as more and more people are beginning to take to the trade. This is because of the profitability that it assures. If you are a graphic designer, there is no limit to the amount you can make as a professional- especially if you know how to generate doable business ideas.
The truth is that many talented graphic designers (graphic artist) gets stranded because they lack innovative ideas to transform their talents (skills) into a money making venture.
The fact that you are a graphic designer does not in any way restrict you to a certain way of doing business. First and foremost, you must have mastered the skill, and then you should look outside the box. Looking outside the box could mean that you should also acquire complementary skills like video editing and video coverage skills et al.
The bottom line is that if you want to make more money as a graphic designer, then you should be ready to go out of your way to develop innovative business ideas that is in sync with your skills; ideas that won’t take you too far from your core area of business. This is also where having a detailed business plan comes in.
1. industry overview.
The graphics design business has really opened up over the years and this can be especially attributed to the advent of the internet. A whole lot of things have really caused the business to really boom and in turn attract people to start the trade as well.
The advent of personal computers no doubt gave leverage to the graphic design industry, it is now easier for graphics designer to carry out their jobs from the comfort of their homes with ease and accuracy in terms of designs specifications and color combinations et al. Graphic design can be categorized under the visual and communication arts industry.
Everyone will quite agree that the graphic design industry has come to stay and of course it is one industry that plays key roles- not only in the business world, but also in nearly all the aspects of what goes around in our world today. For instance; organizations with top notch logos would have hired the services of a graphic artist.
As a matter of fact, the services of graphic artists are needed in branding, print advertisement, the publication industry (books, magazines and newspapers et al), handbills, posters, billboards, websites, product packaging and in other areas.
One of the good things about this business remains the fact that you can start by acquiring a skill in the business and then begin to horn your creativity skills in the industry. There are a thousand and one schools both offline and on line that offers trainings. All that is therefore needed to be done is to be really attentive so that one can get all the rudiments of the art right.
Over the years, the graphic design industry has experienced tremendous growth; from the use of crayons, colors, paints, markers and pencil, to the use of desktop publishing and graphic art software. Beyond every reasonable doubt, a graphic designer cannot be effective and efficient in this dispensation without the use of computers and computer software applications; computer enhanced creative process for graphic artists.
The graphic design industry is undeniably a very large industry and pretty much active in all the parts of the world. Statistics has it that in the united states of America alone, there are 138,035 registered graphic design companies, employing about 172,494 and the industry rakes in about $11bn annually.
The industry is indeed a highly competitive industry, which is why no graphic design company can boast of generating more than 5 percent of the total revenue in the industry.
As a matter of fact, IBIS World has stated that the two biggest graphic design companies have a combined market share of only 5.2 percent. Statistics also has it that 93.2 percent of players in the graphic design industry employ maximum of 10 full – time workers per time.
Over and above, the graphic design industry is very open to aspiring entrepreneurs who have the required skills to start his or her own graphic design business and of course make good money from the industry. As a matter of fact, it was projected that over the next five years, new technology will continue to emerge that will make it easier for more players to come into the industry hence increasing the competition in the industry.
Louis & Levi Graphic Design Studio Is a U.S based but world class graphics design company. We do not have plans to handle things with levity, which is why we have really made it a point of mandate to do all that we are able to We have been able to lock down a standard and well – positioned office facility in a busy business district in Baltimore, the largest city in Maryland.
We are a graphic design company that is set to compete in the highly competitive graphic design industry not only in the United States market, but also in the global market. Louis & Levi Graphic Design Studio will be involved in the all aspect of graphic design services- such as Web Design, Print Media Design, Advertising and Corporate Branding, Graphic and Commercial art services, Corporate Identification design services (logos), Cartoons and Animations.
Our business goal is to become one of the leading graphic design companies in the United States and we will make sure that every graphic design jobs that leaves our studio can favorable compete with the best in the industry.
We believe that having the best of employees also have a ways of helping to boost a business. This is one of the reasons why our workers will be selected from a pool of talented and highly creative graphic artists in and around Baltimore and also from any part of the world as the business grows.
We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading graphic designers in the United States and throughout the globe.
We have put plans in place to build a state of the art graphics studio in Baltimore – Maryland. Our studio will be well equipped and we will ensure that we follow the trend in the industry. At Louis & Levi Graphic Design Studio, our client’s best interest come first, and everything we do will be guided by our values and professional ethics.
We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
Louis & Levi Graphic Design Studio is founded by Louis Clinton and his friend and business partner for many years Levi Bradford. They have a combine experience in corporate branding and advertising, cartoon and animations, graphic and commercial art services and print media design.
Louis & Levi Graphic Design Studio was established with the aim of maximizing profits in the graphic design industry. We want to compete favorably with the leading graphics design companies in the United States, which is why we have but in place a competent quality assurance team that will ensure that all our graphic designs and services meet and even surpass our customers’ expectations.
We will work hard to ensure that Louis & Levi Graphic Design Studio is not just accepted nationally in the United States of America, but also in other parts of the world. Our products and services are listed below;
Our Business Structure
At Louis and Levi, we have structured our business so well so that all and sundry can benefits from Louis & Levi Graphic Design Studio. Our business is a graphic design company that intends to start small in Baltimore, but hope to grow big in order to compete favorably with leading graphic design studios in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.
At Louis & Levi Graphic Design Studio, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;
Human Resources and Admin Manager
Client Service Executive
Chief Executive Officer – CEO:
Creative Director:
Sales and Marketing Manager
Accountant / Cashier:
Graphic Designers (2)
Cartoon and Animator Specialist (2)
Louis & Levi Graphic Design Studio engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured graphic design business that can favorably compete in the highly competitive graphic design industry in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Louis & Levi Graphic Design Studio. We believe it was really expedient to have only professionals handle this aspect and so we got the best of results.
Here is a summary from the result of the SWOT analysis that was conducted on behalf of Louis & Levi Graphic Design Studio;
Our core strength lies in the power of our team; our workforce. We have a team of creative and highly proficient graphic designers, a team with excellent qualifications and experience various niche areas in the graphic design industry.
Aside from the synergy that exists in our carefully selected graphic artists our designs and services will be guided by best practices in the industry. We know that with a solid area of strength, we will be able to attract loads of people, who will patronize us.
As a new graphic design company in Baltimore – Maryland, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive graphic design industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to promote our business the way we would want to.
No doubt, the opportunities in the graphic design industry is massive considering the number of individuals and corporate organizations whose businesses depends on the services of graphic artist. As a graphic design company, we are ready to take advantage of any opportunity that is available in the industry.
Therefore, for us to harness what we have, we have to be all hard working so that at the end of the day after putting our best, we will get what we deserve.
Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new graphic design company in same location where our target market exist and who may want to adopt same Business model like us.
The trend in the graphic design industry is that the target market keeps expanding, people and organizations are now seeing the need for them to engage the services of graphic designers either in branding or packaging their products and services or in helping them create animations that will help them communicate their brand to a wide range of clients.
For example; politicians no longer rely on graphic artists to design and produce colorful campaign handbills, posters, billboards and other print related campaign materials but also to help them produce animations and cartoons that will help them effectively communicate their message.
Another common trend in the graphic design industry is that, most graphic design firms no longer settle for clients within the location where there physical office is located but also from any part of the world. The truth is that with the advent of the internet, it is now easier for a graphic design company or a graphic designer to work for clients in any part of the world.
A graphic design company can be located in the United States of America and have their biggest client in United Arab Emirates. Many thanks to the power of the internet. Lastly, the graphic design industry will continue to evolve due to the advancement of computer technology and software applications designs et al.
Before starting our graphic design business, we are certain that there is a wide range of both corporate and individual clients who cannot successfully run their businesses without the services of graphic designers. As a matter of fact, without graphic designers branding, publications and animation industry will struggle.
In view of that, we have created strategies that will enable us reach out to various corporate organizations and individual who we know can’t afford to do without our services.
We have conducted our market research and survey and we will ensure that all our graphic design services is well accepted in the marketplace. Below is a list of the people and organizations that we have specifically market our products and services to;
Our Competitive Advantage
No doubt the competition in the graphic design industry is getting stiffer by the day, you have to be highly creative and come up with appealing designs and concepts in order to survive in the industry. The graphic design industry is indeed a very prolific and at the same time a highly competitive industry.
Clients will only hire your services if they know that they can get nothing but the best from you. We are quite aware that to be highly competitive in the graphic design industry means that you are not only expected to be able to deliver consistent and highly creative designs, but you must be able to meet set targets.
No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects.
Our competitive advantage lies in the power of our team; our workforce. We have a team of creative and highly proficient graphic designers, a team with excellent qualifications and experience various niche areas in the graphic design industry.
Aside from the synergy that exists in our carefully selected graphic artists our designs and services will be guided by best practices in the industry.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups graphic design businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
Sources of Income
Louis & Levi Graphic Design Studio is established with the aim of maximizing profits in the graphic design industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.
This is why one of the things that we have done is to identify the areas that we will source out startup funds from. Louis & Levi Graphic Design Studio will generate income by offering the following graphic design related services;
Having good sales is one of the driving forces of our graphics designing business. This is why we are always taking time to do a proper forecast. We know that constantly doing this will help us sit up in the aspects where we may be found wanting.
One thing is certain; there would always be corporate organization and individual who would need the services of graphic design firms.
We are well positioned to take on the available market in graphic design industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our graphic design company to enviable heights.
We have been able to critically examine the graphic design market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Baltimore – Maryland.
Below is the sales projection for Louis & Levi Graphic Design Studio, it is based on the location of our business and of course the wide range of our services and target market;
N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same graphic services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
We are mindful of the fact that there is stiffer competition in the graphic design industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experiences in the graphic design industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Louis & Levi Graphic Design Studio.
Our goal is to grow Louis & Levi Graphic Design Studio and to become one of the top 10 graphic design studios in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States of America but also in other parts of the world.
Louis & Levi Graphic Design Studio are set to make use of the following marketing and sales strategies to attract clients;
We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to become the number one choice for both corporate clients and individual clients in the whole of the United States and beyond which is why we have made provisions for effective publicity and advertisement of our graphic design company. Below are the platforms we intend to leverage on to promote and advertise Louis & Levi Graphic Design Studio;
At Louis & Levi Graphic Design Studio we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.
It is vital we do this so that we do not scare people away with our pricing. We are aware that there are some one-off jobs or government contracts which are always lucrative; we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
At Louis & Levi Graphic Design Studio, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a graphic design company; it might differ in other countries due to the value of their money. However, this is what it would cost us to setup Louis & Levi Graphic Design Studio in the United of America;
Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand (250,000) U.S. dollars to successfully set – up a medium scale but standard graphic design company firm in the United States of America.
Generating Funding / Startup Capital for Louis & Levi Graphic Design Studio
Louis & Levi Graphic Design Studio is a business that will be owned by Louis Clinton and his friend and business partner for many years Levi Bradford. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. These are the areas we intend generating our start – up capital;
N.B: We have been able to generate about $100,000 (Personal savings $85,000 and soft loan from family members $15,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
It is easier for businesses to survive when they have steady flow of business deals / customers patronizing their products and services. We are aware of this which is why we have decided to develop a various mobile apps for different clients and for different purposes.
We will also work with corporate clients to help them develop customized mobile apps for their business. We know that if we continue to come up with highly creative and unique graphic designs and excellent job delivery for both businesses and individual, there will be steady flow of income for the organization.
Our key sustainability and expansion strategy is to ensure that we only hire creative, competent and selfless graphic artists and cartoon and animation specialist, create a conducive working environment and employee benefits for our staff members.
In the nearest future, we will give our most dedicated and prolific employees the opportunity to be part owner of the business. We know that if we implement our business strategies, we will achieve our business goals and objectives in record time.
Check List / Milestone
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What is a business plan in graphic design, what is the importance of a graphic design business plan, how do you write a business plan example, #1. executive summary, #2. company overview, #3. market analysis, #4. competitive analysis, #5. sales and marketing strategy, #6. operational plan, #7. management team, #8. financial plan, #9. appendix, how do i start a graphic design business, how much do i need to start a graphic design business, what type of business is graphic design, what equipment do you need to start a graphic design business, a graphic design business plan template for your company , how do graphic designers find clients, is graphic design profitable, how much should a graphic designer charge, what are the 7 types of graphic design, do you wish to finish your graphic design business plan in 1 day, where is a good place to start when starting a graphic design business, what are some legal aspects to keep in mind when starting your own design business, what skills should i have as a graphic designer.
Graphic design covers a wide range of functions, which include branding, making posters, print advertisements, publications, handbills, or billboards. This description alone will highlight the workload to expect as a graphic designer. Now, to curb these many responsibilities in your company, you will need a graphic design business plan. This article has provided all the necessary information you need to know about a graphic design business plan and how you can create one for your company using our unique template.
We also have a pre-made graphic design business plan. In any case, you wish to get a business plan today.
A graphic design business plan is a document that provides a snapshot of your company as it stands and also lays out your future growth plan. This same business plan can help you achieve those mapped-out goals over a given period. As a graphic designer, a business plan will serve as an organizer and companion to help you keep track of every business activity and also stay updated.
The work of a business plan is to carefully analyze your business goals and strategies while showing you how you can attain them. Even as a startup business, you might need some means of financial assistance to help the growth of your company, and for you to achieve that aim, you will also need a business plan.
Most times, entrepreneurs fail to embrace the importance of a business plan, but it is almost impossible for you to overlook the essence of a graphic design business plan in any company. Now that you understand the basics and importance of a graphic design business plan for your company, you will learn how to write one using this brief template below.
To write your graphic design business plan, you can follow the easy-step template that we have provided below. With that template, you can come up with a compelling business plan that your readers will love. If you have trouble composing one, you can choose our pre-made business plan to get your company running.
Writing a business plan does not just come from inspiration. To write a business plan, you will need to follow some processes in order to achieve a professional business plan. These steps include
Your executive summary , being the first section your readers will see, should provide an introduction to your business. The main goal of this section is to engage your reader by explaining the kind of services you offer and how you offer them. You should also include a brief summary of all the sections that will appear in your business plan. Talk about your competitors, marketing, management team, and target market.
This is where you will give an in-depth explanation of the business. Tell your readers about your company’s history and how you started your graphic design business. You should also specify the type of graphic design business you offer. Is it a publishing graphic design, a website graphic design, a product graphic design, or all?
Before writing the market analysis of your graphic design business plan, you should research thoroughly on your market. Any information that you provide here should be clear and accurate. It should show your readers how well you understand your market and how you can take advantage of that to make your business grow. You can also include a little information about your customer here and how you intend to serve them well.
Your competitive analysis is also another piece of research that needs to be carried out in your industry. Every business has a competitor, and to get ahead of them, you need to research them to know what they do best. You should also know their strengths and weaknesses. Also, discover how well they serve customers and then include the full details here. Lastly, tell your readers what makes your business unique and special compared to theirs.
A proper marketing plan should cover your product, price, place, and promotion. The essence of formulating a marketing plan is to increase sales with your potential clients and also create awareness for your company. In this section, you will need to tell your readers how you intend to attract customers and what your marketing plan entails.
Every business has a goal and objective that they need to achieve over a given period of time. This section of your graphic design business plan should cover how you intend to achieve those goals and the basic operations you would follow to make it happen, either as a short-term goal or a long-term goal.
To show your readers your graphic design business’s ability to succeed, you will need a strong management team. In this section, you will highlight your key players’ backgrounds and also mention their skills and experience in their mode of work. You can indirectly tell your readers how your team has the ability to grow a company.
This is also a crucial part of any business plan, especially when seeking financial support from lenders or investors. It is essential that you include an income statement, balance sheet, and cash flow statement in this section of your plan. This information should clearly analyze your financial projections and how you intend to make profits over a given period.
Lastly, this section should contain supporting documents that will make your plan more valid and compelling to me to add any license, certification, or qualifications to this section of your business plan.
You need to put in your all-in commitment to your work to start your graphic design business in 2023. There is also a need to have a clear understanding of the market and any potential competitors you might encounter in your industry. You will also need to pay special attention to your target market. If you maintain a strong online presence and promote your website through digital marketing, then you will scale up your business in no time. The road to success is clear; you only need to follow the right route.
It can cost approximately £18,000 to £23,000 to start a graphic design business in the UK. However, this cost can also differ depending on how advanced you want your business to be. If it is a more detailed start-up then it would cost you more.
Graphic design can be classified on a freelance basis and can create materials for corporate clients, advertising agencies, public relations firms, and publishers, inclusive. They can also work as full-timers that provide visual solutions to a particular problem a company might be facing.
When starting up as a designer, there are some important tools you need to show off your abilities efficiently. You will need a laptop, a high-resolution monitor, a portable hard drive, a graphics tablet, and some color swatches for extra creativity and practicality. As you expand more in your business, you might also discover more handling equipment you might need.
Aside from following the above steps to create a compelling graphic design business plan for your company, you also need to make use of a template checklist. The essence of a checklist is to help you keep track of all the necessary processes you need to achieve while starting your new business.
Before you think about finding a client, you must do some basic research to identify who your target audience really is. They can be large and medium corporate companies or even small local businesses. Once you have this information, then you will need to develop a marketing strategy that will enable you to find and attract your potential clients.
Aside from the work and difficulty that are involved with being a graphic designer, it has also proven to be a highly reputable job in the UK that can earn you good cash. An average UK graphic designer earns a total of £31,000 a year and £12.37 per hour.
If you are not a new designer, it is advisable to charge your services based on your portfolio or previous clients. However, if you are starting new in the industry and have had no clients in the past, it is best to charge according to other graphic designers in the industry. You can engage in market research to discover how much to charge, and from this, you will get an idea of how you want to charge your clients.
The seven types of graphic design can be said to be product design, animation design, branding design, website design, print design, publishing design, and environmental design. With these options, a graphic designer will then choose a specific niche to work on.
Creating a business plan from scratch is a daunting task, especially when it is your first time, so you are not alone. It is understandable if you got hooked on a particular section of your plan, all you need is a little help, and I’ve got just the right idea.
Have you tried using a professional pre-made graphic design business plan made by us? At Businessyield Consult, we specialize in helping entrepreneurs like you compose a professional business plan that works! We have helped multiple businesses and are looking forward to helping more. Grab a copy here and get your business on the go .
Once you have gotten hold of your graphic design business plan, it does not just end with having a plan. If you want your graphic design business to grow, you will need to constantly make adjustments to every little update and information about your business. When you make those changes, you can then measure if you are making progress or not.
A graphic design business does not need a large space and location to start. As a graphic designer, all you need is a desk, table, and a laptop set-up or study space and you are good to go. If you are working with a large group of people, then you should consider getting an affordable co-working space for a start.
A graphic design business does not need many requirements to start up. You only need to register your business with the government and get insurance for your company. You will also need copyrighting, trademarking, licensing, tax requirements, and some legal policies just to keep your business valid.
As a graphic designer, there are some skills that can help you scale more. brand strategy, logo designing, social media branding, animation, typography, web designing, creating brochures, infographics, and some poster design skills. You can register for some courses that can help you acquire these skills if you lack any.
Kenny, an accomplished business writer with a decade of experience, excels in translating intricate industry insights into engaging articles. Her passion revolves around distilling the latest trends, offering actionable advice, and nurturing a comprehensive understanding of the business landscape. With a proven track record of delivering insightful content, Kenny is dedicated to empowering her readers with the knowledge needed to thrive in the dynamic and ever-evolving world of business.
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graphic design business. Ex :: Creative. The Creative Studio provides graphic design and visual communication services to established, primarily Baltimore-based, companies. Some of the services offered are corporate identity, marquees, logos, branding, and packaging. To unlock help try Upmetrics! .
If you are planning to start a new graphic design company, the first thing you will need is a business plan. Use our sample graphic design business plan created using Upmetrics business plan software to start writing your business plan in no time.. Before you start writing your business plan for your new graphic design business, spend as much time as you can reading through some examples of ...
Download this free graphic design business plan template, with pre-filled examples, to create your own plan. Download Now Or plan with professional support in LivePlan. Save 50% today ... Download as PDF Finish your business plan with confidence. Step-by-step guidance and world-class support from the #1 business planning software. Get 50% off ...
Here is a free business plan sample for a graphic design services. January 29, 2024. If you're passionate about graphic design and are considering turning your creativity into a career, you've landed on the perfect page. In the content that follows, we will present you with a comprehensive business plan outline tailored for a graphic design ...
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a graphic design business plan, your marketing plan should include the following: Product: In the product section, you should reiterate the type of graphic design business that you documented in your Company Analysis.
The Metolius Agency provides graphic design and visual communication services to established, primarily Eugene-based, companies. Some of the services offered are corporate identity, marquees, logos, branding, and packaging. The pricing of the projects are typically estimated as a project-based cost. The project cost will be estimated by the ...
2.1 Mission and Vision: Identify graphic design business that envisions creative branding solutions that inspire trust and captivate audiences. 2.2 Goals and Objectives: Well-defined goals drive growth, client satisfaction, and investor profitability in your graphic design business.
ClickUp's Business Plan Template for Graphic Designers is the perfect tool to help freelance graphic designers or graphic design agencies stay organized and focused on their business goals. Here are the main elements of this template: Custom Statuses: Keep track of your progress with statuses such as Complete, In Progress, Needs Revision, and ...
How to Write a Graphic Design Business Plan in 7 Steps: 1. Describe the Purpose of Your Graphic Design Business. The first step to writing your business plan is to describe the purpose of your graphic design business. This includes describing why you are starting this type of business, and what problems it will solve for customers.
A graphic design business plan is a comprehensive document that outlines your business goals, strategies, target audience, competition analysis, financial projections, and more. It serves as a ...
Download Graphic Design Business Plan Sample in pdf. Professional OGS capital writers specialized also in themes such as cybersecurity business plan, internet business plan, dating website business, online retail store business plan, online store business plan, business plan for a video game company and etc. Illustrative business plan samples.
A Sample Graphic Design Business Plan Template 1. Industry Overview. The graphics design business has really opened up over the years and this can be especially attributed to the advent of the internet. A whole lot of things have really caused the business to really boom and in turn attract people to start the trade as well.
The real value lies in the process of thinking about your creative business in a systematic way. • Brainstorm your ideas and research into a practical plan. It typically takes at least a week to complete a good plan. Most of that time is spent in research and re-thinking your ideas and assumptions.
Download the Graphic Design Business Plan 48-page PDF document. Introduction As a graphic design business, our journey is about more than just creating visually appealing designs; it\'s about crafting a roadmap to success. This article provides an in-depth guide on how to develop a comprehensive business plan for a graphic design firm. This plan is an essential tool for business owners in the ...
Graphic design is most often applied to mar-keting, advertising, and commercial commu-nications. Graphic design is a creative process that involves developing ideas, creating visu-als, and organizing content for the purpose of selling, marketing, or advertising. The art and business combination is what makes graphic design so unique.
It can cost approximately £18,000 to £23,000 to start a graphic design business in the UK. However, this cost can also differ depending on how advanced you want your business to be. If it is a more detailed start-up then it would cost you more.
Finally, you should detail any funding requirements in the ask section. 2. The presentation of the company. As you build your graphic design agency business plan, the second section deserves attention as it delves into the structure and ownership, location, and management team of your company.
Graphic Design Business Plan - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or view presentation slides online. Graphic Design Business Plan
graphic-design-business-plan-example - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Gg
Graphic designing business plan - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Graphic designing business plan outlines objectives to provide graphic design skills to small and medium enterprises for social media marketing and create a YouTube tutorial channel. The plan highlights the growing demand for graphic design due to increased online marketing and social ...
The document is a business plan for a graphic design company seeking $100,000 in financing. It outlines the company's products and services, management team, financial projections, and marketing strategy. The company will provide graphic design, logo development, and print/web design services. The founder has over 10 years of industry experience and expects strong growth. The marketing plan ...
All of the comments in the following business plan are based on two friends ‐ Lucas and Helene ‐ who want to start a small graphic design business called Pixel & Bits. Pixel & Bits is a company that is presented as a real company. It serves as an example of what a business plan for a service company that works in the service sector can look ...
Graphic-Design-Business-Plan-PDF - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This 3 paragraph summary provides an overview of a graphic design business plan template PDF available for free download. The template was created by an experienced entrepreneur to help other founders outline their goals, operations, and secure investors.