Organizational Structure and Financial Plan for Gymill Apparel

Organization chart: The company will follow a typical hierarchical structure with the management team discussed below, who will be responsible for all operations and management duties early on. Additional staff will be needed for product design and development, sales managers and order fulfillment. Once the company has achieved adequate growth, Job Descriptions of listed positions: Operations Manager: Will ensure that the company is headed in the right direction, while overseeing product development. CFO: manages the company or organization's finances and are responsible for financial reporting.

They assess financial risks and opportunities and oversee and manage lower level financial managers.

They also help set and track financial goals, objectives, and budgets Marketing: Develop and implement go-to-market plans to assist segment growth initiatives. Implement integrated marketing plan to assist P&L. Drive events strategy by segment, suggest events, budget allocation and proposed themes. Sales Manager: lead a sales team by providing guidance, training and mentorship, setting sales quotas and goals, creating sales plans, analyzing data, assigning sales territories and building their team.

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Product Designer: Defining product specifications, creating digital or print drawings and designing fully-functional products. Legal Advisor: Responsible for a range of legal services, including providing legal advice, assisting in the conduct of investigations, and representing the Office in litigation. Other Company Needs: Gymill will need to recruit some graphic designers as well as fashion professionals to assist in product design.

Fit models will be contracted to help ensure proper fit of each item. These models will be compensated primarily in free clothing to help keep costs low.

Shipping and receiving clerks will be required to help ensure that the products are being delivered to customers efficiently. Order fulfillment representatives will also be hired to help take and process orders received from the online store. An accounting clerk will also be needed to ensure appropriate financial records are maintained. Detailed resumes of executive (of ours). Extensive experience in customer service Highlights: Scholar Award: Presented by the University Interscholastic League for exemplary academic and extracurricular activities, self-discipline and integrity. National Honor Society Certification of Membership: Presented by the National Association Of Secondary School Principals for Leadership, Scholarship, Character and service.

Cypress Springs Certificate of Achievement. Science National Honors Society Certificate of Membership. CSHS Academic All-District Medalist . 2x District tennis gold medalist. Henry Tran Bronze Medalist Experience: Nordia, 595 parkside dr, Waterloo, ON-ERT/Escalation Supervisor November 5- Today Kroger, 6055 N Fry Rd, Katy, TX 77449, USA — Cashier March 2018 - July 2018 Education: University of Waterloo, First Year Honours Arts and Business Student Cypress Springs High School,7909 Fry Rd, Cypress, TX 77433, USA — High School Diploma, August 2015 - June 2018 Position: Marketing Advisor First and last name: Dushan Sender Address: 417 Activa Avenue Contact info: 519-897-2172 senderdushan@gmail.com Professional Summary: Extensive experience in the service industry Highlights: Ontario Highschool Diploma, National Lifeguard (NL) certification Experience: DS Auto Testing May 1st, 2017- March 25th, 2019 Clerk Car Emissions Testing Company 342 Victoria St N, Kitchener, ON N2H 5E2 JDI Cleaning Services August 20th 2019-August 24th 2019 Oven Cleaner Dorm Room Cleaning Company 354 King St. North Waterloo, ON N2J 2Z2 Education: First Year Honours Arts and Business Student, Ontario Highschool Diploma Position: CFO, Financial Manager/Analyst Detailed resumes of executive (of ours). Template is below First and last name: Hyunbeen Kim Address:200 University Ave W, Waterloo, Ontario, N2L3G1 Contact info:

Professional Summary: (Broad overview of professional background): NA Highlights: (Skills obtained for example: Trainings or certifications): Multi-lingual(Korean, English, Japanese) Experience: (Detailed description of work experience including start and end date, position held and detailed description, company and address): Checker at Ansan NC Department Store, 194, Gwangdeok-daero, Danwon-gu, Ansan-si, Gyeonggi-do, Republic of Korea Education: Graduated from Birmingham International Collegiate of Canada, Studying at the University of Waterloo (1A, Arts and Business) Position - HR Manager Name- Divya.

Communication and Leadership skills through volunteering for various programs to help the underprivileged children -Academic Awards : gold medal for scoring above 85% for seven consecutive years -Attended the 35th National Summer Camp on Entrepreneurial Adventures for Youth conducted during 13-22 May, 2019 at Entrepreneurial Development Institute Of India Experiences : -Model United Nations, best delegate -Theater Workshop in DU(May 2018-August 2018) -Volunteering to help the underprivileged.

A summer photography course involving photoshop -Pursued jazz dancing Education- a high school graduate with an overall percentage of 93.75% in grade 12 and currently an undergraduate student at the University of Waterloo pursuing Business and Economics Position: leadership skills through volunteering for programs helping deal with children, and communication skills through volunteering for retirement homes Highlights: Ontario High School diploma volunteering at a homeless shelter 4-year DECA member Ontario Scholar Multi-lingual(Punjabi,English,Hindi) Education: a high school graduate with an overall percentage of 85.35% in grade 12 and currently an undergraduate student at the University of Waterloo pursuing Legal Studies Experience: Alzhieimer society-musician, 60 brairwood Ave, Mississauga, created a song on piano based on their life stories.

Mentor College Day Camp, 40 Forest Avenue, Mississauga- Camp counsellor. Manage, supervised, and entertained children in a sports camp Section 4 - Financial Plan First year sales of $600,000, with an annual growth rate of 35% will ensure that the company remains profitable. With a 70% product margin, Gymill will accumulate enough cash to be recognized as a takeover target by a large apparel company such as Nike. Founders investments, will help the company maintain cash reserves, while helping the company grow at a rapid rate. Requirements: Each of the founders has invested $75,000 to launch Gymill. An additional $100,000 is needed to ensure proper working capital is maintained for the first year. Use of Funds:Startup costs are primarily attributed to product development and inventory of ($60,025.5), marketing cost of ($70,000).

Additional costs include web development of ($5000), staffing, damages and supplies also amounting to over $30,000. There will also be legal costs approximating $35,000. Income Statement Projection: First year sales are anticipated to be $600,000 with expenses totaling to $200,025.5 this will leave the company with profit of $399,974.5 in operations. By the second year revenues are forecasted to grow by 35%, equaling $810,000 in sales. Expenses totaling $270,034.425 will lead to a second year profit of $539,965.575. Gross margins will increase from 60%-70% in the second year due to economies of scale and manufacturing efficiency. Gymill will try to sustain a 35% annual growth rate as it expands nationally by contracting companies such as Sportchek to carry our products in urban areas such as Toronto and Montreal for the first 5 years.

Break Even Analysis: Fixed monthly costs are currently estimated at just over $3561 Variable costs in the first year are approximately 31%, leading to a monthly break-even point of just over $56,464.5. At an average selling price of $73.33 per unit, an estimated 7564 units will need to be sold per month to breakeven. Projected Cash Flow: Gymill will become cash flow positive on a month to month basis by the end of the first year. The initial founders’ investments, along with the outside investment, will ensure that working capital will be available to cover startup costs plus losses for over twelve months. It is anticipated that the company will experience negative cash flow months in the winter and fall, however strong sales during the summer months will make up for any losses that will be incurred.

Sales through our website will help maximize profit margins and reduce collection delays. Balance Sheet: The balance sheet will show first year assets of $300,000 and no debt. After acquiring inventory, equipment and furnishings, we will retain the balance in cash for operations. We will arrange a line of credit for emergencies and to maintain a comfortable cash balance during periods when our receivables are high. Assumptions: Gymil will capture 0.5% of the Canadian target market in its first year. Product margins will be 60-70%, with an average retail price of $73.33. Active lifestyle sports participation continues to rise over the next 5 years. An investment of $100,000 will be raised from an outside investor. Marketing, distribution, manufacturing and sales relationships will be maintained.