Tattoo Organization Plan

Custom Student Mr. Teacher ENG 1001-04 18 December 2016

Tattoo Organization Plan

1.1 Summary Description of the Business

Tattoo is a form of body modification made by inserting indelible ink into the dermis layer of the skin to change the pigment. There are two kinds of tattoo, permanent and non-permanent. Non-permanent tattoos are called temporary tattoos. In permanent tattoos the length of time it takes for the tattoo to be finish depends on the intricacy and size of the design.

Self Inkspression, categorized as a general partnership, where two persons share their efforts and skills in managing a business. Sharing their knowledge is their obligation because they are partners. It’s up to them whether on how percentage of capital they will contribute to put up their business. Partner should have cooperation and communication for the success of their business.

1.1.1 Vision

* Encouraging repeat customers (collectors) who return again and again for full sessions with artists they love * Making the health and care of customers and tattoos a top priority to ensure the safety of the customers, employees, and business * Working with talented artists and encouraging their expression and freedom

1.1.2 Mission

Self Inkspression will create safe, impressive tattoo art for customers both through tattoos and through other products featuring art by the shop’s tattoo artists. The business seeks to create a full-time livelihood for the owners, while sharing revenue generously with an additional employed artist who will help to build the business.

1.1.3 Objectives

* Become profitable * Earn net profits for the owners, for significant total compensation to the two owners including salaries and dividends.
* Developing Self Inkspression: keep opening at least one new branch every year
* Reach annual revenues of approximately PhP 750,000.00.
* Successfully create 1,800 tattoos every year

1.1.4 Strategy

* Offering competitively-priced introductory tattoos to encourage those who are new in tattoo. * Selling additional products with designs by the tattoo artists to build an additional revenue stream

1.1.5 Strategic Relationship

Self Inkspression will develop key strategic alliances and sponsorships with major key industry organizations that help bring credibility, as well as to create a full-time livelihood for the owners. These alliances typically result in extensive co-marketing by both organizations with the goal of the company -making the health and care of customers and tattoo a top priority to ensure the safety of the customers, employees, and business. This is a key element of Self Inkspression strategy and it builds revenues as well as prevents other companies from working with these strategic accounts.

1.2 Product and Services

Self Inkspression will provide the following services to customers:
* Introductory/shop-minimum tattoos
* Basic tattoos (1 hour session)
* Full sessions (2-6 hour sessions)

Introductory tattoos are for those who are new to tattoos. They are basic, small designs by the artists or standard public-domain designs. Custom designs cannot be provided as an introductory tattoo. These tattoos can generally be finished in 45 minutes and with a minimum amount of consultation with the client Basic tattoos offer some consultation with the client, a wider number of colors, and about an hour of work with an artist. These are not generally custom-designed tattoos, but may include some customization of existing designs.

Full sessions allow creative freedom for the artist to create customization of a design or an original design for a customer and freedom for the customer to know that there is a ceiling on the price he or she will pay. Clients can view binders of the flash art (photos and images of designs by the artists and public domain designs they can work from) while sitting on the couch in the shop’s waiting area. The owners can discuss options and prices with the customers if the artists are working with customers at the moment. Self Inkspression will also sell branded products in the store with designs created by the shop’s tattoo artists. These include t-shirts, hoodies, bags, caps and posters.

1.3 Location Map

1.4 Legal Structure

GENERAL PARTNERSHIP AGREEMENT

This agreement (“Agreement”) establishes a partnership (“Partnership”) between the following parties :{ names and addresses of all people who will be in the partnership} and is undersigned and set forth this {date} of {month}, {year}.The undersigned parties hereby agree to the following provisions as conditions of the Partnership:

SECTION 1–Partnership Outline

1.1 The Partnership will be named {name of partnership}, for the purpose of {purpose of the partnership}, and will conduct all business at {address where business will be conducted}.
1.2Partnership will commence on the date listed above, and will end {specific date Partnership will terminate, and/or a clause about how the Partnership will end, such as mutual agreement on a dissolution, death of one or more partners, etc.}.

SECTION 2–Initial Capital

2.1Each Partner will contribute original capital according to the following rules: {description of how much each partner will contribute to the initial capital}.
2.2A separate capital account will be maintained for each Partner.

SECTION 3–Interest on Capital

{Detail if/when Partners may collect interest on their initial capital contributions}

SECTION 4—Shares

Each Partner’s shares in the Partnership shall be determined by {method of determining shares, such as making them proportional to the amount of initial capital each Partner contributes}.

SECTION 5–Accounts/Income

5.1Each Partner will have an income account in his/her individual name, which shall be separate from the capital account mentioned in Section 2.  5.2Income and/or salaries will be distributed {description of if/when any income and/or salaries will be distributed to Partners, including a description of how the income and salaries will be determined}.

SECTION 6–Profits and Losses

6.1Any profits and/or losses will be distributed and/or debited from a Partner’s income account.
6.2Profits and losses will be distributed and/or debited {description of when profits and losses will be accounted for; monthly, quarterly, etc.}.

SECTION 7—Banking

Income and capital accounts for each Partner will be set up {name(s) of bank or institution where accounts will be maintained}.

SECTION 8–Books/Accounting

8.1Accounting books and other records pertinent to the Partnership will be kept at {location of books}, and any partner and/or his/her representative may have access to the books during normal business hours.

8.2The accounts for this Partnership will {description of how they will be maintained, included when they will be balanced and whether they will be kept on a cash basis or other method}.

SECTION 9—Management

9.1Partnership will be managed {description of how the management of the Partnership will work, including any clauses about the day-to-day operations}.
9.2Each partner is expected to devote (description of how much is expected of each Partner with regard to time spent on the Partnership}.
9.3Partnership meetings will {outline if/when Partners will be required to

Attend meetings}.

SECTION 10–Disputes/Arbitration

Disputes that cannot be settled by the Partners via a mutual decision-making process will be {sent to an arbitrator, voted on, etc.}.

SECTION 11–Partner Withdrawal or Death

11.1Should a Partner wish to leave the Partnership, {process by which a Partner may leave, including what happens to his/her contribution}. 11.2Any remaining partner {may/may not} purchase the withdrawing Partner’s interest in the Partnership. This process will be governed by the following rules: {description of process for one Partner “buying out” another}.

11.3Upon a Partner’s death {outline of what happens should one Partner die unexpectedly, such as whether his/her heirs receive his/her interest in the Partnership, if one Partner can buy the interest, if the interest will be distributed equally among remaining partners, etc.}.

11.4Partners may mutually agree to remove one or more members if {conditions under which Partners may remove a member, such as fraud, embezzlement, imprisonment, etc. Also include the process by which this removal should occur.}.

SECTION 12–Confidentiality/Non-Compete

12.1Any information that involves the Partnership, directly or indirectly, shall be considered Confidential. No Partner may share this Confidential Information with any third party without the written consent of all other Partners.

12.2Should a Partner leave the Partnership, willingly or unwillingly, he/she shall not take any position, nor engage in any activity, at any company, organization, etc. that is deemed a competitor to the Partnership, for a period of {number of days, months, years, etc.}.

1.5 Management

Mary Joy Dela Cruz will be CEO of Self Inkspression. She will be responsible for strategy, direct sales efforts, contracting and working with the other employed tattoo artist, and half of the tattoo services provided. She will be the final say on choosing designs for additional products. Cristina Ibañez will be operations manager. She will be responsible for managing reception, purchasing supplies and managing inventory, answering phone and email inquiries, marketing efforts, bookkeeping and accounting, payroll, insurance, and other administrative requirements. She will order resale products from suppliers. She will work at the reception desk and in the office of the business as needed. Mary Joy will fill in at reception when business is slow and Cristina needs to work in the office, where the printer/copier is located.

1.5.1 Company Organization

Self Inkspression is classified as a partnership. It is a relationship existing between the two owners who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business. In a partnership we must file an annual information return to report the income, deductions, gains, losses, from its operations. Each partner includes his or her share of the partnership’s income or loss on his or her tax return.

1.5.2 Compensation and Incentives

At Self Inkspression, you’ll be paid competitively and rewarded for a job well done. Our pay-for-performance approach makes sure there’s a clear link between what you bring to the role, your contribution to results and your compensation. Base salary, performance incentive programs and savings accumulation opportunities make up our compensation for most jobs.

* Base salary is a competitive rate of pay that reflects the responsibilities of the job and recognizes the skills and capabilities you bring to your role. * Our performance incentive programs reward and recognize you for your results, with greater contributions earning greater rewards. * Our long-term savings accumulation opportunities through Self Inkspression share ownership plans and retirement savings plans offer choices to suit your individual preferences.

1.5.3 Organizational Chart

1.6 Personnel

Joy and Cristina will both be compensated as employer. The two tattoo artists brought into the company will start work at part-time hours and move quickly to full-time hours, but will have their pay tied directly to services rendered and received 40% commission on tattoos provided and designed products sold. Wages listed below for the two artists are based on an assumption of splitting the tattoo and design work equally between the artists.

Qualifications of tattoo artists:

* Must have a business license
* Must have a health department requirements
* Must show samples of his work

A+

  • Subject:

  • University/College: University of California

  • Type of paper: Thesis/Dissertation Chapter

  • Date: 18 December 2016

  • Words:

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