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Chris’s Photography

Chris’s Photography. Christopher Alvarado Grade:11th Age:16. Mission Statement. Mission Statement I am here to help people get there most important event and put it into a photo Opportunity Special events occur everyday all year long. Business Profile. Type of Business Service

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Chris’s Photography

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  1. Chris’s Photography • Christopher Alvarado • Grade:11th • Age:16

  2. Mission Statement • Mission Statement • I am here to help people get there most important event and put it into a photo • Opportunity • Special events occur everyday all year long

  3. Business Profile • Type of Business • Service • Take pictures of your event,(EX. Weddings, sweet 15 and etc.) • Legal Structure • Sole Proprietorship • Like to work independently

  4. Qualifications • I’m qualified to run this business because:    Will be licensed to be a photographer Will have 15 years of photography experience I have taken a Marketing/ Entrepreneurship Class

  5. Market Analysis Total Population 894,478 Target Market 33,558 Potential Market 16,779

  6. Target Market Segment • Demographics • The people are possibly mostly in there 15-40’s and the gender is men and women in a wedding & sweet 15’s • Geographic's • My customers live in Hartford County • Psychographics • Men and Women that want their memorable moment in picture • Buying Patterns • People to spend what it take to preserve a one time memory

  7. Chris’s Photography Cheyney Barrieau Photography Iris Photography Competitive Advantage Factors Price Expensive Expensive Affordable Quality of Product/Service well nice Great Location West Hartford West Hartford Hartford County Reputation/Brands Well taken photos Nice taken photos Great taken photos Unique Factors/ Knowledge Photos of weddings Photos of people and places Photos of anything needed

  8. Marketing Mix Hartford County • Business Cards • Signs • Website/Social Networks Adults or teenagers that want there most important event in photo Ages 15-40 Photos( Albums, slide shows, CD). CD (200 photos) $30.00 Photo Album ($25.00) Slide show ($30.00)

  9. Promotional Expense Monthly Amount Promotional Mix Advertising $5.00 Business Cards Publicity $0.00 Social Networks, Word of mouth, Website Personal Selling $0.00 Live slide show at the event of the event Total Monthly Promotional Expense $5.00

  10. Description of One Unit of Sale: Wedding (300photos) Cost of Materials/Labor

  11. Economics of One Unit Description of One Unit of Sale: Wedding (300 photos)

  12. Average Monthly Fixed Expenses

  13. Time-Management PlanSchedule for a Typical Week Total Hours in a Week = 168

  14. Monthly Sales ProjectionsFirst Year Total Units Sold 51

  15. Monthly Break-Even Units Monthly Fixed Expenses = Monthly Break-Even Units Contribution Margin per Unit $ 324.17 = .5 Monthly Break -Even unit $794.00 In an average month, the company will begin to make a profit after selling unit. 1/2

  16. Projected Yearly Income StatementFirst Year

  17. Start-Up Investment Total Start-Up Investment $1527.48

  18. ROS & ROI 31,113.37 51,000 X 100 = 61% $0.61 31,113.37 1527.48 X 100 = 2,037% $20.37

  19. Financing Strategy Total Start-Up Investment $1527.48

  20. Business Responsibility& Philanthropy • Philanthropy • Who ever comes for my photography service, we will donate 5% of my net profits to Make A Wish Foundation. • Business Responsibility • My business will have business cards and word to mouth to expand the popularity of my business and on the business cards let them know what they did.

  21. Business Personal Business & Personal Goals • Have a website for people to see what I do • To graduate from SMSA and get accepted into the college of my choice Short-Term • Have my own business that people could call or come to for my services • Graduate from college and become a professional photographer. Expand my business by the second year to outer towns of Hartford Long-Term

  22. Picture the Moment Thank you for your consideration. Chris’s PHOTOGRAPHY Website Coming Soon

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