Debra Graphic Designers Business Plan Case Study

Exclusively available on Available only on IvyPanda® Made by Human No AI

History of the organization

Debra Graphic designers is a Lancaster city-based visual communications and graphic designing firm. The organization will be registered by the government in August 2014. It intends to focus its products on small and medium firms with 5- 25 employees and an annual turnover of below $ 1 million. Most of these clients are currently operating at profits but for expansion purposes, they need new look corporate identities to move forward. However, the existing graphic designers are expensive and are located far away from these businesses. Debra graphic designers will meet these clients’ needs through their new ideas and skills concerning visual communication and corporate identity which will enable them to thrive in this challenging field.

Human resource management

Debra graphic designers will be a sole proprietorship business with its head office in Lancaster city, United Kingdom. From 1-3 years (2014-16), the organization will be managed by the owner. However, from the sixth month of the third year, the business will require the services of office assistants and additional graphic designers to meet its increased client base. Office Assistant will be paid a salary of $ 1200; assistant graphic designer $ 2,000 and proprietor $ 3200 per annum.

Table 1: Projected employee’s salaries: (3 year period).

Year 1 ($)Year 2 ($)Year 3 ($)
Director320032003200
Assistant graphic designer2000
Office assistant1200
Total320032006400

Customers

The business will increase their customer base by offering competitive products at affordable prices. This will be achieved through effective management of overhead costs, focused customer services, creativity, and practicality of its designs which adds value to its competitors. And as a result, the business will achieve its target profit of $ 45,000 by the third year of operation.

Forecasted sales, gross and net profit for 3 years.
Figure 1: Forecasted sales, gross and net profit for 3 years.

Desired markets

Debra graphic customers will consist of three groups: small enterprises with annual turnover below $ 1 million and medium level firms with 10- 50 employees and the well-established firms operating in Lancaster city. Most of these firms started within the last five years and have transformed into mature companies using local visual communication methods. However, with their ever-increasing professional service providers and different business strategy, they require professional organizations like Debra Graphics to enhance their corporate identity, move their equality with their clients while enhancing their competitiveness.

Table 2: Potential growth in customer base.

Potential customersYear 1Year 2Year 3Year 4Average growth rate (%)
Small firms15018524045024
Medium firms10512514017219
Large firms12581
Total25631238563014.6

The identified market segment will be reached using networks developed over time through meetings and sending out cards to potential clients informing them of company opening and activities. In addition, client referrals from former customers, employees, chamber of commerce among others will be used. Lastly, a target customer acquisition methodology to lure potential customers into the business will provide another good avenue for growth. To win these customers, Debra Graphics should offer diverse services like preparing advertising messages, adverted using and working in-house to increase its revenue and product range.

Assets and timeline

The director of Debra Graphics requires a total of $ 100,000 to undertake his business idea forwards. This money will be sought from commercial banks as a loan repayable within 5 years at a 19% interest rate. The assumption is that banks will be interested in the business and advance the required loan to the owner at a monthly premium of $1984.

Year 1Year 2Year 3Year 4Year 5
Annual premium23,80023,80023,80023,80023,800
Usage of loan fund
Usage of loan fund.
More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2022, April 5). Debra Graphic Designers Business Plan. https://ivypanda.com/essays/debra-graphic-designers-business-plan/

Work Cited

"Debra Graphic Designers Business Plan." IvyPanda, 5 Apr. 2022, ivypanda.com/essays/debra-graphic-designers-business-plan/.

References

IvyPanda. (2022) 'Debra Graphic Designers Business Plan'. 5 April.

References

IvyPanda. 2022. "Debra Graphic Designers Business Plan." April 5, 2022. https://ivypanda.com/essays/debra-graphic-designers-business-plan/.

1. IvyPanda. "Debra Graphic Designers Business Plan." April 5, 2022. https://ivypanda.com/essays/debra-graphic-designers-business-plan/.


Bibliography


IvyPanda. "Debra Graphic Designers Business Plan." April 5, 2022. https://ivypanda.com/essays/debra-graphic-designers-business-plan/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1