Business Plan for a Multimedia Studio - 2978 Words

BUSINESS PLAN FOR KING STUDIOS 28, Pound Road Magodo 01-XXX6634 1.0 Executive Summary 1 2.0 Company Summary 2 3.0 Services 4 4.0 Market Analysis Summary 4 5.0 Strategy and Implementation Summary 8 6.0 Management Summary 12 7.0 Financial Plan 13 1.0 Executive Summary King Studios, located in Magodo, Lagos will serve small and medium-sized businesses and non-profits for all of their studio photography needs by creating beautiful shots that serve the clients needs, offering excellent service and flexibility with a personal touch, and offering value-added services related to photography. Founded and directed by veteran freelance commercial photographer Matte Flash, King Studios intends to raise 5,300,000 by adding†¦show more content†¦Long-term assets include additional photography equipment (cameras, tripods, backdrops, flashes, lighting) that must be purchased. Table: Start-up Start-up | | | | Requirements | | | | Start-up Expenses | | Legal | 250,000 | Stationery etc. | 100,000 | Insurance | 100,000 | Rent | 800,000 | Marketing | 1,000,000 | Studio Build-Out | 200,000 | Total Start-up Expenses | 2,450,000 | | | Start-up Assets | | Cash Required | 1,500,000 | Other Current Assets | 100,000 | Long-term Assets | 3,000,000 | Total Assets | 4,600,000 | | | Total Requirements | 7,050,000 | 3.0 Services Services to be offered include the following: * Studio commercial photography * On-site commercial photography * Set dressing services for photo shoots * Photo editing and digital editing work * Delivery of prints or digital files of photo shoots * Framing of photos * Web portal to access digital files from shoots and manage editing process with clients * Rental of the studio space to subcontractors when time allows In the future, as additional staff are are added, there are plans to offer graphic design services for the photos taken, and to expand to a multi-room studio to allow for multiple shoots simultaneously. 4.0 Market Analysis Summary The market for commercial photography includes all businesses and non-profits. 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