Pet Paws Photography Case Study

1599 Words 7 Pages
In order to cover our start-up cost and expensive we are applying for an 7(a) Loan, according to the United States Small Business Administration, the 7(a) loan program is great for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes(www.sba.gov). This particular loan gives you more time to pay back the loan without excessive penalty and interest. We also have to investors who will be contributing a great deal of assets into our business, so we want have to borrow a lot of money from the 7(a) loan and should be able to pay them back before the end term of the loan.
Company Overview
Pet Paws Photography will offer a wide variety of products, such as: Holiday portraits, Videographer,
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In order to promote our product and services and form a business relationship with them in order to gain potential customers. We will create a company website to display some of our work to reach a mass audience, and create buzz about our business. By using social media this will help our business save money by cutting down on advertising cost. Pet Paws Photography will keep their prices similar to most competitors in the area, to remain competitive and utilize our pricing strategy. We will set ourselves apart from other competitors by providing them with high-quality products and a no hassle return policy. Pet Paws photography strives to be the number one leading pet photography business in the metropolitan area. We plan to offer great quality pictures and videos and remain competitive, while staying in compliance with local government and city officials, and following the required rules and regulations set forth by local and government …show more content…
Our total liabilities will reduce significantly over a one year period, and we will continue to reduce overall expenses. By monitoring our products to see which items are selling and which items are still in our overhead. We will review areas where we are doing a lot of wasteful spending to cut down on overhead cost and expenses. Overall our net worth and total capitals show our business can generate revenue and overall make profits. Pet Paws photography will remain solid and have a strong financial foundation to build upon.
References
Dorrel, V. (2013). “Picturing a Remedy for Small Claims of Copyright Infringement”. Administrative Law Review, Vol. 65 Issue2; p449-474.26p.
Smith, A. (2014). “How to Prepare a Marketing Environmental Analysis”. Retrieved from: http://smallbusiness.chron.com/prepare-marketing-environment-analysis-57550.html
Weygandt, J.J., Kimmel, P.D., & Kieso, D.E. (2014). Financial accounting. (9th ed.). Hoboken, NJ: John Wiley & Sons.
“Pets are Serious Business for Marketer”. (April 15, 2013). Forbes. Retrieved from: http://www.forbes.com/sites/onmarketing/2013/04/15/pets-are-serious-business-for-market...

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