Managing new ventures Essay Example | Topics and Well Written Essays - 2000 words

Managing new ventures - Essay Example Happy Pet Supplies will participate in social and community development activities with an aim of building its reputation as a socially responsible organization. The organization will engage in rigorous marketing of its products both within and outside London even for the first year of its operation. Marketing campaigns will be carried out at various times depending on the seasons and convenience to potential customers. 12. As earlier stated, the initial capital needed to establish the business is $33, 000. This amount is expected to be enough to support the company fully in its initial stages of establishment. This amount was contributed by various parties as outlined below. 13. It is estimated that on average, the company will sell feeders worth  £ 6,000, feeds worth  £ 2,000, Kennels worth  £ 5,000 and Shampoos worth  £ 3,000. The company also expects to sell accessories worth  £ 4,000 per month its total daily revenue amounting to about $834. The expected monthly revenue is  £ 20,000. The second year is expected to bring a pretax profit plus interest totaling  £ 181,000 and a closing balance of  £ 102,000. The third year is expected to have a pretax profit plus interest of  £ 220,000 and a closing balance of  £