Free DJ Service Business Plan
For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials
in this complete free business plan are completely fictitious and may not
match the text of the business plan below. This free business plan demonstration
purposes only. If you are interested in purchasing the completed editable MS Word
and Excel documents for this business plan, please click the button below! Also,
the text of the business plan is formatted with a fully automated
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Each business plan features:
- Excecutive Summary
- Company and Financing Summary
- Products and Services Overview
- Strategic Analysis with current research!
- Marketing Plan
- Personnel Plan
- 3 Year Advanced Financial Plan
- Expanded Financial Plan with Monthly Financials
- Loan Amortization and ROI Tools
- FREE PowerPoint Presentation for Banks, Investors,
or Grant Companies!
1.0 Executive Summary
The purpose of this business plan is to raise $50,000 for the development of a disc jockey service for events while showcasing the expected financials and operations over the next three years. DJ Service, Inc. (“the Company”) is a New York based corporation that will provide disc jockeying and event hosting services to customers in its targeted market. The Company was founded in 2009 by John Doe.
1.1 Products and Services
As stated above, the Company’s revenue will come from DJ services rendered to people that are hosting events such as weddings, sweet sixteen parties, Bar/Bat Mitzvahs, corporate events, and block parties. The Company will charge its services on a per hour basis with additional ancillary revenues coming from transportation and set up fees. Mr. Doe has developed an extensive marketing campaign that the business will use from the onset of operations in order to promote the services offered by DJ Service, Inc. The third section of the business plan will further describe the services offered by the DJ Service.
1.2 The Financing
Mr. Doe is seeking to raise $60,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate.
1.3 Mission Statement
DJ Service, Inc.’s mission is to provide customers with outstanding event entertainment management services that will make the events memorable and enjoyable.
1.4 Mangement Team
The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the event entertainment industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
1.5 Sales Forecasts
Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
1.6 Expansion Plan
The Founder expects that the business will aggressively expand during the first three years of operation. Mr. Doe intends to implement marketing campaigns that will effectively target individuals, corporations with event hosting needs, and event planners within the target market.
2.0 Company and Financing Summary
2.1 Registered Name and Corporate Structure
DJ Service, Inc. The Company is registered as a corporation in the State of New York.
2.2 Required Funds
At this time, DJ Service, Inc. requires $50,000 of debt funds. Below is a breakdown of how these funds will be used:
2.3 Investor Equity
Mr. Doe is not seeking an investment from a third party at this time.
2.4 Management Equity
John Doe owns 100% of DJ Service, Inc.
2.5 Exit Strategy
If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of DJ Service, Inc. Based on historical numbers; the business could fetch a sales premium of up to 3 times earnings.
3.0 Products and Services
DJ Service, Inc. through its employed emcees will provide entertainment management for any type of event. As stated in the executive summary, the Company will have the ability to provide services for weddings, corporate events, Bar/Bat Mitzvahs, Sweet Sixteen parties, anniversaries, and other events that often require the services of a DJ or an emcee.
4.0 Strategic and Market Analysis
4.1 Economic Outlook
This section of the analysis will detail the economic climate, the DJ and event entertainment industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2009, at which point the economy will begin a prolonged recovery period. However, DJ and emcee service companies tend to operate with a strong amount of economic stability as people (and businesses) will continue to host and hold events that require these services. Additionally, DJ service businesses are often a much more economical alternative to having a full band, and as such, these businesses often see that many customers come to them (rather than full band companies) for event entertainment services.
4.2 Industry Analysis
The full industry research for the DJ Service is included in the full purchased business plan.
4.3 Customer Profile
In this section of the analysis, you should describe the type of customer you are seeking to acquire. These traits include income size, type of business/occupation; how far away from your business is to your customer, and what the customer is looking for. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.
4.4 Competitive Analysis
This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.
5.0 Marketing Plan
DJ Service, Inc. intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Company.
5.1 Marketing Objectives
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• Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.
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• Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth.
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• Establish relationships with event planners within the targeted market.
5.2 Marketing Strategies
Mr. Doe intends on using a number of marketing strategies that will allow DJ Service, Inc. to easily target men and women who are hosting events within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public. DJ Service, Inc. will also use an internet based strategy. This is very important as many people seeking local services, such as DJs and emcees, now the Internet to conduct their preliminary searches. Mr. Doe will register DJ Service, Inc. with online portals so that potential customers can easily reach the business. The Company will also develop its own online website showcasing the services, pricing, and contact information of the business. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the DJ and emcee services that the Company is selling. The business will also partner with event planners that will send referrals to the business. In this section, you should expand on how you intend to implement your marketing. List publications, local newspapers, radio, and other outlets that you will use to promote your business. Discuss how much money you intend to spending on marketing.
5.3 Pricing
In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.
6.0 Organizational Plan and Personnel Summary
6.1 Corporate Organization
6.2 Organizational Budget
6.3 Management Biographies
In this section of the business plan, you should write a two to four paragraph biography
about your work experience, your education, and your skill set. For each owner or
key employee, you should provide a brief biography in this section.
7.0 Financial Plan
7.1 Underlying Assumptions
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• DJ Service, Inc. will have an annual revenue growth rate of 10% per year.
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• The Owner will acquire $50,000 of debt funds to develop the business.
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• The loan will have a 10 year term with a 9% interest rate.
7.2 Sensitivity Analysis
In the event of an economic downturn, the business may have a decline in its revenues. Event hosting and event entertainment services are luxuries, and during deleterious economic conditions, Mr. Doe anticipates a slight decline in revenues. However, DJ Service, Inc. generates high margin income from its services, and the business will be able to satisfy all financial obligations despite moderate declines in top line income.
7.3 Source of Funds
7.4 General Assumptions
7.5 Profit and Loss Statements
7.6 Cash Flow Analysis
7.7 Balance Sheet
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7.8 General Assumptions
7.9 Business Ratios
Expanded Profit and Loss Statements
Expanded Cash Flow Analysis