Business and Financial Plan for Signet Magazine and Inkspot Media 26. In addition to the 500+ unique visitors that are aware of us already through grass roots marketing
Mission for Inkspot Media
Inkspot Studios is a photography and video production
company based in South Florida that provides freelance
photography services to entertainers, artists, publications,
businesses and organizations. We have more than five years’
experience as a freelance photographer, and have acquired a
wealth of knowledge from my mentor Ken Kavanaugh, one of the
foremost photographers, videographers and producers in the
South Florida area.
Inkspot Studios is a sound investment because it offers
tremendous value to both our clients and the community at large.
The company’s target market consists primarily of upandcoming
entertainers, and because we offer services at affordable prices,
Inkspot Studios can play a pivotal part in helping emerging
entertainers gain the exposure they need to connect with
audiences, which will create more demand on a national level for
the unique brand of entertainment South Floridians provide. As we
have mentioned before, national expansion to key metropolitan
markets is an important goal for Inkspot Studios; however, we see South Florida as my home base, and as such, we have a vested interest in helping to sustain
the community through job creation and entrepreneurial opportunities, which we will be able to assist with by renting studio space and equipment.
Founder and Owner, Marqus Bullard, has more than five years’ experience as a freelance photographer, and has acquired a wealth of knowledge from
mentor Ken Kavanaugh, one of the foremost photographers, videographers and producers in the South Florida area. Before venturing into photography,
Marqus Bullard worked extensively in the entertainment industry as a model, radio personality (WMBX 102.3, CBS Radio) and nightclub DJ. His work as a DJ
introduced him to thousands of entertainers, artists, entrepreneurs and business people, many of whom he continue to connect and collaborate with. Though
he has had a great career as a DJ, he began working in photography because he wanted to move from in front of the camera to behind it, taking the spotlight
off myself and putting it on talented entertainers who are awaiting their time to shine. Marqus created Inkspot Studios to leverage the connections he has
created and to give himself an opportunity to channel his entrepreneurial spirit into an endeavor that will positively impact his community.
As we take steps to further establish Inkspot Studios in the entertainment industry, we believe now is the ideal time to reach out to people seeking to
make investments in entrepreneurial enterprises that is both sound and stable. Inkspot Media has the expertise, experience, relationships and reputation to
transform into a lucrative entertainment empire. All we need now is the financial support of venture capitalists interested in investing into our longterm vision.
8. • Maintain and expand the social media campaign, via Twitter and Facebook.
*** BUDGET (Year 1 by month) ***
% of Total
Sales 'Ma
y
14
'Ju
n
14
'Jul 14 'Au
g
14
'Sep 14 'Oc
t
14
'Nov 14 'De
c
14
'Jan 15 'Fe
b
1
'Mar 1 Year 1 Sales
Booklet Ad $
6
,
0
0
0
$
6
,
0
0
0
$6,000 $
6
,
0
0
0
$4,200 $
4
,
2
0
0
$4,200 $
2
,
9
9
5
$2,995 $
2,
9
9
5
$2,990 $48,575 45.41%
Internet Ad $120 $120 $120 $120 $120 $1,320 1.23%
Design Fees $474 $478 $478 $418 $418 $5,002 4.68%
Email Marketing $800 $800 $800 $800 $800 $8,800 8.23%
Event Promotion $325 $277 $277 $277 $277 $3,191 2.98%
9. Business Profile $325 $325 $325 $325 $325 $3,575 3.34%
Produced Photo Shoot $
4
,
0
0
0
$
4
,
0
0
0
$4,000 $
3
,
5
0
0
$3,500 $
3
,
5
0
0
$3,000 $
3
,
0
0
0
$3,000 $
2,
5
0
0
$2,500 $36,500 34.12%
Total Sales $12,044 $12,044 $12,044 $11,496 $9,700 $9,700 $9,200 $7,935 $7,935 $7,435 $
Cost of Goods Sold
Distribution $5,000 $0 $0 $5,000 $0 $0 $5,000 $0 $0 $5,000
Total Variable COGS
$5,000
$0
$0
$5,000
$0
$0
$5,000
$0
$0
$5,000
% of Total Sales 41.51% 0.00% 0.00% 43.49% 0.00% 0.00% 54.35% 0.00% 0.00% 67.25%
Fixed Cost of Goods & Services
Associated Press Wire
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
$1,200
Production Facility Expense $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500
Magazine Layout $6,500 $0 $0 $0 $0 $0 $0 $0 $0 $0
Website Maintenance $300 $300 $300 $300 $300 $300 $300 $300 $300 $300
Photographers $600 $600 $600 $600 $600 $600 $600 $600 $600 $600
Total Fixed Cost of Goods & Services
$10,100
$3,600
$3,600
$3,600
$3,600
$3,600
$3,600
$3,600
$3,600
$3,600
10. % of Total Sales 83.86% 29.89% 29.89% 31.32% 37.11% 37.11% 39.13% 45.37% 45.37% 48.42%
Total Cost of Goods Sold
$15,100
$3,600
$3,600
$8,600
$3,600
$3,600
$8,600
$3,600
$3,600
$8,600
Gross Profit
($3,056)
$8,444
$8,444
$2,896
$6,100
$6,100
$600
$4,335
$4,335
($1,165)
% of Total Sales 25.37% 70.11% 70.11% 25.19% 62.89% 62.89% 6.52% 54.63% 54.63% 15.67% 45
Operating Expenses
Sales & Marketing
Advertising $175 $175 $150 $135 $135 $135 $125 $125 $125 $120 $100 $1,500 1.40%
Screening $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $11,000 10.28%
Promotions $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $11,000 10.28%
Writers $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,400 4.11%
Total Sales & Marketing Costs
$2,575
$2,575
$2,550
$2,535
$2,535
$2,535
$2,525
$2,525
$2,525
$2,520
$2,500
$27,900
26.08%
% of Total Sales 21.38% 21.38% 21.17% 22.05% 26.13% 26.13% 27.45% 31.82% 31.82% 33.89% 33.65% 26.08%
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$1,650
1.54%