I. Executive Summary
This Section's Contents
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Business Overview
[Company Name] is a new company based in [location] that offers administrative virtual assistant services. Some of these services include scheduling appointments, responding to emails, and managing social media accounts. [Company Name] aims to provide high-quality services and great customer service in order to establish long-lasting relationships with clients and partner companies.
Services Provided
[Company Name] offers a variety of administrative virtual assistant services to help other companies and solopreneurs. Some of these services include:
- Schedule appointments and manage calendars
- Schedule travel arrangements
- Make and take phone calls
- Write and respond to emails
- Research leads
- Basic accounting tasks
- Social media management
Customer Focus
[Company Name] will work with any companies or solopreneurs in need of a temporary or permanent administrative virtual assistant. Though the company is based in [location], the company operates remotely, which makes it available to most companies in need of these services.
Management Team
[Company Name] is run solely by [Founder’s Name], who has been providing administrative assistant services for [X] years. She operated as an administrative assistant for a variety of companies, juggling a large list of responsibilities that are essential for a business’s survival and growth. After mastering multiple skills and receiving many positive testimonials and reviews, [Founder’s Name] is ready to establish her own administrative virtual assistant business and help clients worldwide.
Success Factors
[Company Name] is uniquely qualified to succeed due to the following reasons:
- [Founder’s Name] has a track record of success as an administrative assistant.
- [Company Name] is fully online and remote, meaning it can serve companies from all over the world.
- Virtual assistants are in high demand worldwide by companies of all industries and markets.
Financial Highlights
[Company Name] is currently seeking $50,000 to launch. Specifically, these funds will be used as follows:
- Equipment: $15,000
- Working capital: $35,000 to pay for marketing and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
| Financial Summary | FY 1 | FY 2 | FY 3 | FY 4 | FY 5 |
|---|---|---|---|---|---|
| Revenue | $560,401 | $782,152 | $1,069,331 | $1,379,434 | $1,699,644 |
| Total Expenses | $328,233 | $391,429 | $552,149 | $696,577 | $776,687 |
| EBITDA | $232,168 | $390,722 | $517,182 | $682,858 | $922,956 |
| Depreciation | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| EBIT | $225,168 | $383,722 | $510,182 | $675,858 | $915,956 |
| Interest | $6,016 | $5,264 | $4,512 | $3,760 | $3,008 |
| Pre Tax Income | $219,152 | $378,458 | $505,670 | $672,098 | $912,948 |
| Income Tax Expense | $76,703 | $132,460 | $176,985 | $235,234 | $319,532 |
| Net Income | $142,449 | $245,998 | $328,686 | $436,864 | $593,416 |
| Net Profit Margin | 25% | 31% | 31% | 32% | 35% |
