Could the tutor fill up the profit & loss sheet. Background info:

The Business Business name: Brighter Horizons gggnsgjjng Business structure: Sole trader. Business location: 2G1 1victoria Bt, #03-23, Singapore ISSUE? Date established: I3 January 2023. Business owner[ 5}: Nor was Mohamad Hussin. Relevant owner experience: As an assistant to a mental health mains, I have gained valuable experience in the industry. During the time when I was shadowing a therapist, I furthered enhanced my understanding of the eld and it helped me develop my skills to becoming a mental health professional. During my shadowing experience,I have observed various therapeutic techniques and approaches as well as how to communicate effectively with clients. This experience can also provide me with insight into the day today operations of running a W practice and help me develop a network of contacts in the industry. My experience as an assistant coupled with my shadowing experience, can be valuable assets as I pursue my career as a mental health maelst- Preductsy'services: The services offered by Brighter Horizons W are online mental health moseling services for students and working adults in Singapore. The demand for mental health W services has been on the rise in recent years, especially due to the CvID-IQ pandemic and the resulting mental health challenges faced by many. Dnlinegggnseng services have also become increasingly popular and convenient, as they allow individuals to receive counseling from the comfort of their own homes. Therefore, there is anticipated demand for online mental health WERE]. services in Singapore, particularly for those who prefer the flexibility and accessibility of online counselling. The Market Target market: The target market for Brighter Horizons W includes students and working adults in Singapore who require mental health mnnseljng services. There is a growing demand for such services due to the current pandemic situation. Marketing strategy: The business plans to enter the marlcet by advertising on social media platforms, partnering with schools and universities, and offering discounts to rst time clients. These marketing strategies will help the business to attract and retain customers. The Future 1II'isicIn statement: The vision statement for Brighter Horizons ggnnsgljng is to provide accessible and affordable mental health sonnseljng services to people in need. The short- term goal is to establish a strong online presence, build a reputation for quality services, and increase the client base. The longterm goal is to expand the business by opening physical ofces in other cities. Goals/objectives: The short-term goal is to reach a clientele of at least 50 individuals by the end of the first year. The business plans to achieve this by partnering with schools, universities, and corporations, and by offering a range of affordable and customized mental health counseling services. The long-term goal is to expand the business to other regions and countries, providing quality mental health counseling services to a larger population. The business will undertake activities such as networking, offering promotional discounts, and establishing partnerships with relevant organizations to meet its objectives. The Finances [ Briefly outline how much profit you intend on making in a particular timeframe. How much money will you need up-front? Where will you obtain these funds?(Through small Business Loans)_ What portion will you be seeking from other sources? How much of your own money are you contributing towards the business?] Startup Cost for 1 Month: 1. Website design and hosting - $50 to $100 per month 2. Online counsell inseling platform subscription - $100 to $200 per month 3. Marketing and advertising - $200 to $500 4. Office equipment and supplies (laptop, internet connection, printer, stationery, etc.) - $300 to $500 5. Business registration and licensing fees - $100 to $200 6. Professional liability insurance - $50 to $100 7. Other miscellaneous expenses (bank fees, taxes, etc.) - $100 to $200 Total startup cost for 1 month: $1,000 to $1,800 Startup Cost for 1 Year: 1. Website design and hosting - $600 to $1,200 per year 2. Online counseling platform subscription - $1,200 to $2,400 per year 3. Marketing and advertising - $2,400 to $6,000 4. Office equipment and supplies (laptop, internet connection, printer, stationery, etc.) - $3,600 to $6,000 5. Business registration and licensing fees - $1,200 to $2,400 6. Professional liability insurance - $600 to $1,200 7. Other miscellaneous expenses (bank fees, taxes, etc.) - $1,200 to $2,400 Total startup cost for 1 year: $10,800 to $21,000Plant & equipment [List your current plant and equipment purchases. These can include vehicles, computer equipment, phones and fax machines. ] Equipment Purchase date Purchase Running price cost Computer equipment 20 July 2022 $8,500 $0 Phone equipment 25 June 2022 $9,000 $350 per month Online counseling software 21 July 2022 $275.99/per $0 year/ per user Marketing and communication tools 1 August 2022 $100 $100 per monthTechnology (Software): . Technology required: Online counseling software, website, accounting package, video conferencing software, email marketing software, social media management tools. . Main purpose for each technology: The online counseling software will be used to conduct counseling sessions, the website will be used for marketing and scheduling appointments, the accounting package will be used for financial management, video conferencing and email marketing software will be used for communication and outreach and social media management tools will be used for social media marketing. . They will be off-the-shelf software solutions. . Estimated cost: Online counseling software subscription - SGD 300/month, website development and hosting - SGD 2,000, accounting package subscription - SGD 50/month, video conferencing software - SGD 20/month, email marketing software - SGD 50/month, social media management tools - SGD 30/month.Profit and loss forecast [ Double-click the table below to enter your details or attach your own profit & loss sheet at the back of this business plan] PROFIT & LOSS FORECAST [Year 1] [Year 2] [Year 3] Sales less cost of goods sold More.. Gross profitet sales $0 $0 $0 Expenses Accountant fees Advertising & marketing Bank fees & charges Bank interest Credit card fees Utilities (electricity, gas, water) Telephone Lease/loan payments Rent & rates Motor vehicle expenses Repairs & maintenance Stationery & printing DURInSUI Superannuateon Income tax Wages (including PAYG) More.. Total expenses $0 $0 $0 NET PROFIT $0 $0 $0