Financial Plan: 1. How much money is needed to start your business? The cost of starting a business in UAE varies between 1,000 AED and 1,000,000 AED depending on the business activities and license. EcoSeeds requires an average of 3,000 AED to start a business. It is not going to be costly because there will be no warehouses and the target is to cut costs and maintain sustainability 2. What is the selling price of your product/service per unit? EcoSeeds sells seeded papers for 4 AED per paper. Consequently, if a package contains 50 papers, then it should be 200AED however, the more people buy the less it costs so 125AED. 3. What is your breakeven? 4. Prepare cash flow projections: Start 0 0 January February March April May 2,500 2,500 12,750 23,750 29,125 0 3.125 13,750 26.250 32,500 50,0000 0 3.000 0 0 53.000 2.500 5,625 0 0 0 0 0 0 26,500 50.00061,625 Money received Cash Sales Payments Received on Account New loans New Investments Subtotal Money spent Rent, Utilities, etc. Payroll and Taxes Purchase inventory Pay Other bills Repay Loans Purchase Assets Total spent 1.500 1,500 1,500 1,500 1,500 1.500 75 75 75 75 75 75 2000 0 0 4500 0 0 0 500 250 300 100 150 0 15,750 12,175 16,675 12,175 12.175 1500 0 0 0 0 0 517,825 14,000 213,850 13.900 3. 0 0 7 5 $ 0 47,925 -15,325-8375 3,450 36,150 47,725 47,925 -15,325-23,700 -20.250 15,900 63,625 Cash Flow Cash Balance Financial Plan: 1. How much money is needed to start your business? The cost of starting a business in UAE varies between 1,000 AED and 1,000,000 AED depending on the business activities and license. EcoSeeds requires an average of 3,000 AED to start a business. It is not going to be costly because there will be no warehouses and the target is to cut costs and maintain sustainability 2. What is the selling price of your product/service per unit? EcoSeeds sells seeded papers for 4 AED per paper. Consequently, if a package contains 50 papers, then it should be 200AED however, the more people buy the less it costs so 125AED. 3. What is your breakeven? 4. Prepare cash flow projections: Start 0 0 January February March April May 2,500 2,500 12,750 23,750 29,125 0 3.125 13,750 26.250 32,500 50,0000 0 3.000 0 0 53.000 2.500 5,625 0 0 0 0 0 0 26,500 50.00061,625 Money received Cash Sales Payments Received on Account New loans New Investments Subtotal Money spent Rent, Utilities, etc. Payroll and Taxes Purchase inventory Pay Other bills Repay Loans Purchase Assets Total spent 1.500 1,500 1,500 1,500 1,500 1.500 75 75 75 75 75 75 2000 0 0 4500 0 0 0 500 250 300 100 150 0 15,750 12,175 16,675 12,175 12.175 1500 0 0 0 0 0 517,825 14,000 213,850 13.900 3. 0 0 7 5 $ 0 47,925 -15,325-8375 3,450 36,150 47,725 47,925 -15,325-23,700 -20.250 15,900 63,625 Cash Flow Cash Balance
