Hockey Business Plan the Concept Business Plan

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Finance Plan

Due to the relatively simple and straightforward nature of the proposed retail hockey supply business, the financing concerns and plans for this business are not incredibly complex or arduous. The bulk of start-up capital will be needed to make initial product purchases, make a year's worth of lease payments, and to make whatever equipment, shelving, display, and storage adjustments are necessary for the physical store itself. It is expected that these costs will not exceed $100,000, and it is possible that they will be considerably less. Most suppliers will provide credit terms of at least 30 days to initial retail customers such as the proposed business with evidence of adequate funding; this will help to offset start-up costs and provide a means of generating positive cash flow early on in the business's life cycle, which will in turn make generating further capital much easier.

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If at all possible, at least half of the financing necessary for this business will be provided by the owner/manager of the business with the remaining amount taken out as a small business loan from a local bank. If rates at the local bank are significantly higher than rates at one of the larger national or multinational banks, the lender utilized might change, but it is the jope of this business to remain as local as possible with all aspects of the business. If favorable rates cannot be secured or if it is determined that additional funding is required above the received loan amount, silent partners will be sought for the business......

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"Hockey Business Plan The Concept" (2011, September 28) Retrieved June 5, 2026, from
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"Hockey Business Plan The Concept", 28 September 2011, Accessed.5 June. 2026,
https://www.aceyourpaper.com/essays/hockey-business-plan-concept-45854
   

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