Response to Franco

[Sean Moynahan]

Thank you for reading over the BP

note that i am not retarded. this was the draft before the draft. written quickly. 

anyway, 

Here are my responses to what you've asked. I am only capitalizing cus i think that helps in absorbing what im saying so you dont have to reread it. 

["We eventually will seek financing to hold more inventory when our own cash flows cannot keep up with demand"

-Theoretically, after $150,000, we should be able to maintain and expand our inventory without additional investments/loans, no?]

What i wrote for those numbers was totally out of my ass. i am sort of waiting on the figures marc and i discussed at our financial meeting and the plan he is putting together, but it is loosely based on truth. It was to give the impression that we have significant financial backing as marc and we have discussed. HOWEVER, we do inevitably believe we will be seeking more money even if we do have flows like that at some point, because marketing this shit is going to be EXPENSIVE AS FUCK. Also, depending on demand, we are going to need a lot of cash in order to hold more inventory (hopefully we have this problem), but these decisions will be made ONCE WE HAVE SEEN YEAR 1 PROGRESS.

[Table of Contents

-Description of Business and Financing sections appear before the table of contents? Is this correct?]

This is simply the format we used for the project we turned in for survey of entrepreneurship, my dad has sent me another BP on cosmetics that i am going to reference.

["Era of Man will be hiring several part-time employees, who will receive an annual salary of $20,000."

-how did you come up with 20k?]

20 k is a workable figure we could conceivably pay people in the beginning couple years of this endeavor but have it be high enough to motivate ppl to work hard at the job. I discussed this same number with my father for a truck driver salary for one of the unrelated business ideas i had this summer.

["In a survey of individuals averaging 21 years old in China (20 males and 8 females), "

-Is this worth including? sample size seems way to low to be statistically significant]

I agree. i was honestly looking for filler at the time cus there is so little fucking information out there. what you read there in that little paragraph is the culmination of all available material were basing these ideas off of.

["We believe that using attractive women may help to gain more attention and cause more of a viral effect."

-The viral effect thing is a little too far fetched]

haha duly noted. the word viral seemed cool to me but im sure is way stronger than is appropriate. if you couldnt tell already i wrote this thing quickly to get as much done as possible as shortly as possible. please take a minute to think about some different strategies to include for this section cus it will be important. 

[VIII. Assessment of Risk
The only foreseeable risk is that the demand is not currently as high as we have anticipated. However, even this poses very little threat to our business model because we are 100% confident the industry is going to experience tremendous growth over the coming years. As cultural preferences become more progressive, we believe we will be well positioned to take advantage of this opportunity.

  -Is this section neccesary to include after the "primary competitors" section above which basically says the same thing?

-How literally are business plans taken? can we use "100% confident" so loosely?]

1. Section is definitely important to people that would be reading it.

2. I should revise this.