Financial Plans

Assumptions
Initial Stage: At the initial stage of Go-play we have the budget of 100,000. Each of the partner
will give 20,000.
At the initial stage cost will be very minimum because we are going with very niche market and
only focusing on websites, facebook page and direct approach for our operation. So, our expected
cost of initial stage would be 50,000 taka in 6 months in 2020

Description of cost Amount

Facebook ads 5000

Instagram ads 5000

Youtube ads 5000

Event Management cost 15,000

Others 20,000

Total 50,000
Second stage (2-5 year): At the second stage of our operation we will most likely to complete devolving
the user-friendly application. Which in turn will be our main platform to deliver service. Then we would
also like expand our business towards fitness sector and solutions.

Description of cost Cost

Application development and 150,000

maintenance

Fitness expansion 30,000

Web maintenance cost + social 10,000

media cost

Event cost 20,000

Others 20,000

Total 230,000
 Pro forma income statement

1.Event based revenue: In every year we are targeting to arrange at least 10 tournament events. In the 1 st
year we are focusing 8 events. Four events in each half year. 5000 profit in each event so (4*5000)
=20000.From 2021 we are focusing to get 10 tournaments in every year. The estimated profit from each
event is 10,000.
From 2023 our expected event revenue would be
2.Sponsorship: In the initial year we are expected to get at least 10000 in every event. From 2021 we are
expected to get at least 20000. Form 2024 we are hoping to get 30000.It is included in the event revenue

2020 2021 2022 2023 2024

1st Half 2nd 1st Half 2nd 1st Half 2nd 1st Half 2nd Half 1st Half 2nd Half
Half Half Half
Event revenue 20000 20000 30000 50000 50000 50000 100000 100000 100000 100000
Advertisements 5000 5000 5000 7500 10000 10000 10000 20000 25000 30000
Cost 15000 15000 20000 20000 30000 30000 50000 50000 70000 70000
Gross Profit 10000 10000 15000 37500 30000 30000 60000 70000 55000 60000
Salaries & - -
Wages
Promotion 5000 5000 10000 10000 7500 7500 7500 7500 10000 10000
Utilities 5000 5000 10000 10000 15000 15000 20000 20000 25000 25000
Others
Depreciation - -
Profit/loss before 0 0 (5000) 17500 12500 12500 32500 42500 20000 25000
taxes
Taxes
Net income 0 0 (5000) 17500 12500 12500 32500 42500 20000 25000

Cash flow projections

Details 2020 2021 2022
Receipt:
Revenue

Disbursements:
Trade license 5,000
Trademark; logo; business name 4,000
Bank account opening 1,000
Machine and accessories - - -
Office equipment & furniture - - -
Leasing cost advance - - -
Cost of goods sold 30000 40000 60000
Advertising cost 10000 20000 15000
Rent - - -
Utilities expense 10000 20000 30000
Others
Total disbursement 60000 80000 115000

Cash flow 40000 100000 140000

Beginning balance 100000 140000 255000

Ending balance 140000 255000 395000
 Break-even analysis:

Year 2020 2021 2022 2023 2024

Break even point 50000/ (20000- 80000/(40000- 10500/(60000- 155000/(80000- 185000/(70000-

10000) = 5 events 20000)= 4 events 45000) =7 events 55000) = 7 events 50000)=10 events
per year per year per year per year per year