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Essay Available:
Pages:
3 pages/≈825 words
Sources:
No Sources
Level:
MLA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 15.55
Topic:

Getcareer Inc: Financial Plan And Analysis (Research Paper Sample)

Instructions:

Do a Financial Analysis for our business idea which is a job searching website and app. Use LinkedIn as the competitor. All revenue and cost can base on the competitor's earnings and costs.
Cover all requirement piece by piece in the doc.

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Content:

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Financial Analysis

GetCareer Inc. is a professional networking enterprise where employers can post job requirements, and employees post their job credentials. Our company is targeting around 100 million members in a span of five years from all over the world. We expect to create a website and smartphone applications that will allow our customer (employers and applicants) to create profiles as well as connections with one another in an online social network to mimic the professional relationships seen in the real-life situations. The profiles will include the contacts of each member to ease communication between various parties. The website and apps will enable members to invite any individual to become a connection.

Financial Plan

As our conservative estimate indicates, GetCareer Inc. expects to maintain a healthy financial status in the next five years. Our financial development will be implemented according to the following plan. Initially, the business will be financed by a five-year loan of $80,000 at a rate of 2.5% and a capital investment of $50,000 contributed by all members, an amount that will determine the percentage share each member will get. We are expecting to repay the loan using the cash flow generated during operations such as advertisements and selling of accounts at $9.99 per month. Also, the company will fund growth via net cash flow balance. We are anticipating to remain at our current size until after a period of five years, after which we will make a further expansion. At that time, the company intends to supplement the retained earnings with a bank loan or equity funding to finance all the new developments.

Break-even Analysis

For GetCareer break-even analysis, it is estimated that the running costs will amount to approximately $20,000 per month, which constitutes of utilities, rent, payroll, insurance and other fixed costs. To break even, we must be able to make 100 advertisements per day for a minimum of $7 per advert, which is a bit lower than $10 per advert on LinkedIn. Therefore, in one month, we expect to make 3,000 adverts, which will amount to $21,000. However, since our business is new, we must set a price that will able us to achieve a goal of 100 million members in five years, and this is only possible if we offer our services at low prices than

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