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III. Net Worth Also called owner's equity, net worth is the claim of the owner(s) on the assets of the business. In a proprietorship or partnership, equity is each owner's original investment plus any earnings after withdrawals. IV. Total Liabilities and Net Worth The sum of these two amounts must always match that for total assets. www.hsi.us care@hsi.us 100

• Cover
• Retail - Wholesale - Contract
• Autograph by Tajima DG/ML by Pulse
• Choosing Embroidery Software
• Business Plan Notes
• Business Plan Outline
• Cover sheet
• I. Business Description
• B. Personal financial statement (all banks have these forms)
• C. In the case of a franchised business, a copy of franchise contract and all
• supporting documents provided by the franchisor.
• D. Copy of proposed lease or purchase agreement for building space
• E. Copy of licenses and other legal documents
• F. Copy of resumes of all principals
• G. Copies of letters of intent from suppliers, etc.
• Creating A Business Plan
• I. Business Description
• A. Description Of The Business
• B. Products and Services
• C. Business Location
• II. Sales & Marketing
• B. The Competition
• C. Pricing Strategy
• D. Advertising and Public Relations
• III. Financial Management
• A. Startup Costs
• C. Financial Considerations And Projections
• IV. Operational Management
• Understanding the Marketplace
• Market Research
• Creating A Marketing Plan
• B. The Competition
• A. Description
• EQUIPMENT AND SUPPLIES
• BUSINESS EQUIPMENT
• SHOWROOM ACCESSORIES AND SAMPLES
• PRODUCTION AREA SUPPLIES
• Creating An Embroidery Portfolio
• SAMPLE MARKETING PLAN
• I. Market Analysis
• B. Description Of The Competition
• C. Marketplace Environment
• II. Products and/or Services
• III. Marketing Strategies
• D. Pricing
• Sales Revenue
• Cost of Sales
• Gross Profit
• Gross Profit Margin
• Variable Expenses
• Fixed Expenses
• Annual Percentage - Calculate the annual percentage by the following formula:
• Annual total x 100%
• THE BUSINESS BALANCE SHEET
• I. Assets
• A. Current Assets
• B. Short-term Investments
• C. Long-term Investments
• D. Fixed Assets
• II. Liabilities
• A. Current Liabilities
• B. Tax Liabilities
• Federal Income Tax
• State Income Tax
• Self-Employment Tax
• Sales Tax
• Property Tax
• Unemployment Tax
• C. Payroll Liabilities
• Amounts estimated to have been incurred during the accounting period.
• D. Long-Term Liabilities
• III. Net Worth
• You identify that there is an aviation museum with a gift shop at a local airport. Put together a collection of unique aviation stock designs and product ideas. Go ahead and sew at least one design on a cap or shirt and determine pricing. Visit the...
• Make A List of Related Sub-Markets – Take a look at other related markets that you can pursue in addition to the primary target. This may transform what initially appeared to be a tiny marketplace into a mecca of sales opportunities. While there are...
• Inverted T - Just like the name says, Figure 3 shows a design layout that resembles an inverted capital T. This looks especially awkward on caps. Two possible alternatives are shown in Figures 4 & 5.
• Machine Setup
• Improper Hooping