My Business Plan

Section one: About the Business Name of the Business What would be the main product/ service of the business Crawley and Mid Sussex Tri club Offering membership of a triathlon club; providing entry to members to tri races; hosting regular training (swim, run, cycling). In addition selling tri gear at discounted prices. Also after 6 months running triathlons, duathlons and aquathons. Crawley and Mid Sussex. No Limited Company

Location of the business Any other locations for the business. Type of Business e.g. sole trader, partnership or Limited Company. Who are your target audience? What is the purpose of the business e.g. to make a profit, to be independent, to be a charity

Children ages 5-18 Men and women ages 18-50 To make profit and to be the first Crawley triathlon club to provide fitness expertise and competition at low prices.

Section two: Suppliers You will need to research your suppliers to understand where you would get your stock from and how much it would cost. List below the suppliers you would use. Supplier one: Location: Cost per item: Wiggle online different products Supplier two: maxi fuel Location: online Cost per item: varies

Section three: Costs Below make a list of all the equipment you would need to start the business and purchase in the first year. Name of Equipment Swimming lane hire Triathlon gear Customised all in ones Total Cost of equipment Other expected monthly outgoings British Triathlon Federation club membership Insurance Total Costs - 35 per month Section 4: Personnel in the Business Below please list all of the people in your business and also their roles, responsibilities and wages within the business. Name Sam Higgs Role Coach Responsibilities To run the business Salary () Unpaid for first two months Price () 1.750 Order on demand Order on demand 1,750 21

14 2,170

then 1700 a month Volunteers (5) Coaches (3) Supporting the events Supporting training days Various Various Nil cost

(gross plus add-ons).

400 per coach

Section 5: About the product Describe your product/service:

Our service is to provide a local tri club that produces an all in one / one stop shop for those aged 5-50. The club includes a professional coach, training (swim, cycle rides, and runs), nutritional products, and triathlon gear at discounted prices.
What research have you completed about your product to ensure it will be a success? Detail here:

I have completed an on-line questionnaire about the service and 73% of those who responded said they would happily join. I also emailed a rival club in the area who said that they do not accept children and do not have a gym or a coach.
What testing have you done on your product:

The questionnaire as above.

How many would you produce per day:

I would offer either a morning run or swim. Also I would do after school sessions.
Please give details about how you will market your product: Type of marketing Website Advertisement in local Expected cost 300 500 Location of marketing Internet Local newspapers

newspaper Flyers and Brochures

200

(syndicated) At events etc.

Section 6: Revenues and Costs In this section we will start to look at how many products you expect to sell What is the average price of your product: 25 How many days a week will you open: seven Expected Sales Revenue Per Week Per Month 595 4,000

Per Day 85

Annual 50,000

Expected Costs: Make a list of your expected weekly costs using the following table: Cost Wages Advertising Lane hire x 2 Petrol Total Costs: Expected Amount () 354 20 50 70 494

Section 7: Cash Flow Forecast Complete a cash flow forecast in the table below for the first 6 months of trading () Receipts (Money in) Payments (Money out) Jan 1,662 870 Feb 6,157 3,870 2,287 20,792 23,079 Mar 6,157 4,870 1,287 23,079 24,366 Apr 3,362 4,010 -648 24,366 25,014 May 4,662 5,270 -608 25,014 24,406 June 6,157 4,870 1,287 24,406 25,693

Net Cash flow (Money in 792 Money out) Opening Balance (What you 20,000 start with in the bank) Closing Balance (Money 20,792 left over at the end of each month)

Section 8: Sources of finance How much money will you need to start you business: You now need to label where you expect the money from to start your business Source of income Your own funds Family and friends Investors (sponsors) Bank loan Bank overdraft Credit card Trade credit Total finance Amount of income 20,000 0 Their products 0 0 0 1,000 21,000