Start Up Costs for The Northern Southerners

ITEM QTY COST

Design Services

Logo 1 $350.00
CD Eco Wallet 1 $350.00

Opening Inventory

CD's in Jewel Cases 1000 $1,050.00

T-Shirts 100 $500.00
Download Cards 2500 $675.00
11x17 Posters 1000 $375.00

Internet Presence

Biography 1 $150.00
Blog Creation 1 $350.00
Customized Myspace Page 1 $300.00
Photo Shoot 2 $500.00
Electronic Press Kit 1 $250.00
Bandcamp Customization 1 $150.00

Equipment

Mac Book Pro 1 $2,000.00

High Resoultion Video Phone 2 $600.00

Registration fees

Copyrights 4 $150.00
National Assoc. of Campus Activities $800.00

Total Start Up Cost $8,550.00

Working Capital 91,500.00

Total Capital Needed 100,050.00

prepared by Kevin English | eleetmusic[dot]com | copyright 2009 - 2010

 Balance Sheet for The Northern Southerners

Assets Liabilities and Owners' Equity

Liabilities
Cash $1,000

Bank Loans/
Credit Card
Accounts Receivable $500 Payables $8,000

Total liabilities $8,000

Computers and studio/band Owners' equity

equipment $12,000

Capital Stock 0

Retained
Earnings $5,500

Total owners' equity $5,500

Total $13,500 Total $13,500
 Break Even Analysis for The Northern Southerners

Cost Description Costs Per Month

Variable Costs

Cost of Good Sold (C.O.G.S) $10.00

Fixed Costs

Utilities $350.00
Salary $2,350.00
Advertising and Promotion $2,000.00
Insurance $200.00
Interest $500.00
Rent $2,100.00
Other (specify) $0.00

Total Costs $7,510.00

Price per Unit $20.00

# of Units You Need to Sell in order to Break Even 750 Per Month
 Projected Income Statement for The Northern Southerners

MONTH JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC TOTAL

SALES $0.00 $0.00 $0.00 $0.00 $500.00 $750.00 $1,000.00 $1,250.00 $1,500.00 $1,700.00 $1,900.00 $2,100.00 $10,700.00
C.O.G.S. $0.00 $0.00 $0.00 $0.00 $250.00 $375.00 $500.00 $625.00 $750.00 $850.00 $950.00 $1,050.00 $5,350.00

GROSS PROFIT $0.00 $0.00 $0.00 $0.00 $250.00 $375.00 $500.00 $625.00 $750.00 $850.00 $950.00 $1,050.00 $5,350.00

UTILITIES

Phone $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $3,000.00
Internet $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $1,188.00

SALARY

Virtual Assistant #1 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $5,400.00
Accountant/Bookeeper $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $1,200.00
Street Team $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $3,600.00
Publicist $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $6,000.00
Radio Promoter $1,000.00 $500.00 $500.00 $1,000.00 $500.00 $500.00 $1,000.00 $500.00 $500.00 $1,000.00 $500.00 $500.00 $8,000.00

ADVERTISING

Ad Buys $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $18,000.00
Tour Support $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $6,000.00

INSURANCE

Business Insurance $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $600.00
Auto Insurance $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $1,800.00

INTEREST $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $6,000.00

RENT

Studio $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $8,400.00
Home Office $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $16,800.00

TOTAL OP. EXPENSE $7,499.00 $6,999.00 $6,999.00 $7,499.00 $6,999.00 $6,999.00 $7,499.00 $6,999.00 $6,999.00 $7,499.00 $6,999.00 $6,999.00 $85,988.00
NET PROFIT -$7,499.00 -$6,999.00 -$6,999.00 -$7,499.00 -$6,749.00 -$6,624.00 -$6,999.00 -$6,374.00 -$6,249.00 -$6,649.00 -$6,049.00 -$5,949.00 -$80,638.00
 Projected Cash Flow Statement for The Northern Southerners

MONTH JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC Totals

OPENING BALANCE $91,500.00 $84,001.00 $77,002.00 $70,003.00 $62,504.00 $55,755.00 $49,131.00 $42,132.00 $35,758.00 $29,509.00 $22,860.00 $16,811.00 $636,966.00

SALES $0.00 $0.00 $0.00 $0.00 $500.00 $750.00 $1,000.00 $1,250.00 $1,500.00 $1,700.00 $1,900.00 $2,100.00 $10,700.00
C.O.G.S. $0.00 $0.00 $0.00 $0.00 $250.00 $375.00 $500.00 $625.00 $750.00 $850.00 $950.00 $1,050.00 $5,350.00

GROSS PROFIT $0.00 $0.00 $0.00 $0.00 $250.00 $375.00 $500.00 $625.00 $750.00 $850.00 $950.00 $1,050.00 $5,350.00

UTILITIES

Phone $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $3,000.00
Internet $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $99.00 $1,188.00

SALARY

Virtual Assistant #1 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $5,400.00
Accountant/Bookeeper $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $1,200.00
Street Team $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $300.00 $3,600.00
Publicist $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $6,000.00
Radio Promoter $1,000.00 $500.00 $500.00 $1,000.00 $500.00 $500.00 $1,000.00 $500.00 $500.00 $1,000.00 $500.00 $500.00 $8,000.00

ADVERTISING

Ad Buys $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $18,000.00
Tour Support $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $6,000.00

INSURANCE

Business Insurance $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $600.00
Auto Insurance $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $150.00 $1,800.00

INTEREST $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $6,000.00

RENT

Studio $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $700.00 $8,400.00
Home Office $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $1,400.00 $16,800.00

TOTAL OP. EXPENSE $7,499.00 $6,999.00 $6,999.00 $7,499.00 $6,999.00 $6,999.00 $7,499.00 $6,999.00 $6,999.00 $7,499.00 $6,999.00 $6,999.00 $85,988.00
NET PROFIT -$7,499.00 -$6,999.00 -$6,999.00 -$7,499.00 -$6,749.00 -$6,624.00 -$6,999.00 -$6,374.00 -$6,249.00 -$6,649.00 -$6,049.00 -$5,949.00 -$80,638.00

CLOSING BALANCE $84,001.00 $77,002.00 $70,003.00 $62,504.00 $55,755.00 $49,131.00 $42,132.00 $35,758.00 $29,509.00 $22,860.00 $16,811.00 $10,862.00 $556,328.00