Year 1

Projection

Year 2

Projection

Year 3

Projection

REVENUES

Billable Hours

$82,000

$92,250

$102,500

Payment for Sub-Contractors

$41,000

$69,188

$102,500

Payment for Travel

$12,300

$16,144

$20,500

Administration Fees

$6,150

$8,072

$10,250

Total Revenues

$141,450

$185,653

$235,750

Cost of Sales

Sub-Contractor Fees

$41,000

$69,188

$102,500

Direct Travel

$12,300

$16,144

$20,500

Total Cost of Sales

Gross Margin

$88,150

$100,322

$112750

Expenses

Marketing Activities

$10,000

$5,000

$5,000

Trade Show Participation

$10,000

$10,000

$10,000

Salary

$50,000

$55,000

$60,000

Utilities

$1,440

$1,512

$1,588

Communications

$2,400

$2,520

$2,646

Repairs and Maintenance

$500

$525

$551

Insurance

$4,000

$4,250

$4,500

Incorporation Expense

$360

$0

$0

Travel Expense

$1,800

$1,980

$2,178

Leasing Expense

$6,000

$6,000

$6,000

Office Supplies

$1,200

$1,320

$1,452

Bank Charges

$360

$360

$360

Loan Interest

$1,536

$1,155

$735

Professional Fees

$4,000

$2,000

$2,000

Depreciation

$3,600

$3,600

$3,600

Total Expenses

$97,196

$95,222

$100,609

Operating Profit Before Tax

($9,046)

$5,100

$12,141

Deduct Estimated Tax

$3,618

$2,040

$3,035

Net Profit (Loss) After Tax

($12,664)

$3,060

$9,106