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    ASSUMPTIONS

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    Betty Eziakor
    The document outlines assumptions for starting a new business in Greece providing 3D printing services including that there are 6.1 million cars in Greece, the target market share is 25% of cars in Athens, and the startup capital is 50,000 Euros. It also lists the startup costs totaling 102,700 Euros and notes management team members would each donate 20,000 Euros for a total of 100,000 Euros in additional funding.

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    ASSUMPTIONS

    Uploaded by

    Betty Eziakor
    5 views2 pages
    The document outlines assumptions for starting a new business in Greece providing 3D printing services including that there are 6.1 million cars in Greece, the target market share is 25% of cars in Athens, and the startup capital is 50,000 Euros. It also lists the startup costs totaling 102,700 Euros and notes management team members would each donate 20,000 Euros for a total of 100,000 Euros in additional funding.

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    The document outlines assumptions for starting a new business in Greece providing 3D printing services including that there are 6.1 million cars in Greece, the target market share is 25% of cars in Athens, and the startup capital is 50,000 Euros. It also lists the startup costs totaling 102,700 Euros and notes management team members would each donate 20,000 Euros for a total of 100,000 Euros in additional funding.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    5 views2 pages

    ASSUMPTIONS

    Uploaded by

    Betty Eziakor
    The document outlines assumptions for starting a new business in Greece providing 3D printing services including that there are 6.1 million cars in Greece, the target market share is 25% of cars in Athens, and the startup capital is 50,000 Euros. It also lists the startup costs totaling 102,700 Euros and notes management team members would each donate 20,000 Euros for a total of 100,000 Euros in additional funding.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 2

    ASSUMPTIONS

    • 6.1 million cars in Greece

    • 75% of survey identified the need

    • Market share will be 25% of 6.1 million which will most likely be residing in
    Athens: 1.525 million

    • Pessimistic estimate is 10% of 6.1 million, which are the tax owners:
    1,220,000million

    • Optimistic estimate is 50% of 6.1 million: 4,575,000million

    • Start-up capital: 50,000 Euros

    2. Trade debtors not exceeding 30 days of sales

    3. Corporate tax rate 30%

    4. Depreciation and Amortization

    • Equipment 20% for 5 yrs

    • Furniture and furnishing 20%

    5. Discount rate of 30% for project evaluation

    START UP COST

    • 3-D machine 10,000Euros

    • IT Equipment 700

    • Rent 4,000

    • Advertisement(radio) 10,000

    • Fliers 20,000

    • Initial Product Supplies 20,000

    • Raw materials for 3-D 15,000


    • Training for sales agent 2,000

    • Working capital 20,000

    NOTE: EACH MEMBER OF THE MANAGEMENY TEAM WOULD DONATE


    20,000: TOTAL: 100,000

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