Are you about starting a UAV (drone) photography business? If YES, here’s a complete sample aerial drone photography business plan template & feasibility report you can use for FREE to raise money.
Drone technology is rapidly gaining prominence in the globe beyond the military circuit. Drones are unmanned but controlled aircraft (aerial vehicle or unpiloted vehicle) used in the military during war to attack the enemy’s camp and also are used by the military for surveillance and to gather intelligence.
Drones are also used by the military to deliver foods to front line troops during war. Drones come in handy when the risk and difficulty involved in any military operation is high and unsafe for soldiers.
In recent time, the civilian community has started developing and making use of drones to carry out task such as surveying of vast farm lands (plantation), for delivery of parcels, to monitor and count wildlife and livestock, for geographical mapping, for search and rescue operations, for monitoring pipelines, for road patrol and for general commercial photography and motion picture film making.
A Sample Aerial Drone Photography Business Plan Template
1. Industry Overview
Aerial photography is the taking of photographs of the ground from an elevated/direct-down position. Generally the camera is not supported by a ground-based structure.
Platforms that are used for aerial photography include fixed-wing aircraft, helicopters, unmanned aerial vehicles (UAVs or “drones” as they are commonly called), balloons, blimps and dirigibles, rockets, pigeons, kites, parachutes, stand-alone telescoping and vehicle-mounted poles et al.
In all countries of the world where private investors are involved in aerial drone photography business, there are laws governing the industry. For example, in the united states, FAA guidelines stipulate that drones and other model aircraft must stay less than 400 feet above the ground and not within 3 miles of an airport or air traffic.
Some states in the US are strict when it comes to trespassing laws as well. Steering a drone over someone’s apartment and property could be considered a trespassing violation. Because anything capable of being viewed from a public space is considered outside the realm of privacy in the united states, aerial photography may legally document features and occurrences on private property.
On September 26, 2014, the FAA began granting the right to individuals and organizations to use drones in aerial film making. Operators are required to be licensed pilots and must keep the drone in view at all times and it is important to note that drones cannot be used to take pictures or film in areas where people might be put at risk.
The photography industry of which aerial drone photography business belongs to is indeed a very large and growing industry and pretty much active in the United States of America, Russia, Germany, Japan, China, South Korea and in most developed countries of the world.
If you are looking towards starting you’re an aerial drone photography business, then you should consider purchasing a 3D Robotics’ Iris or more popular models like DJI’s Phantom series. Generally, the GoPro Hero3 Black Edition is the standard when it comes to aerial videography and photography; it weighs only 73 grams and can record video (2,704×1,524 pixels) at 45Mbps.
It also features built-in Wi-Fi for downloading your footage and maximum compatibility with OEM and third-party accessories.
You may want to see where you’re flying while steering a drone from the ground, for instance. To achieve this, you can use a tool like a video transmitter, such as the Immersion RC 5.8 GHz 600mw, which greatly increases the range of a 5.8GHz link, and then you can pair it with a Duo5800 or Uno5800 receiver on the ground to get noise-free video.
Over and above, the photography industry and the aerial drone photography line of business is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale working for just a private company or you can chose to start on a large scale working for both government establishments and large corporations who are into research and related businesses.
2. Executive Summary
Wide – Spread Pictures® Aerial Drone Photography Company is a registered and licensed business enterprise in the photography industry that will specialize in aerial drone photography business. Although our business will be based in Bay – Orleans, Massachusetts where we were intend setting up our corporate office, but we intend working for clients both in the United States of America and the any part of the world.
Wide – Spread Pictures® Aerial Drone Photography Company will be involved in the all aspect of aerial drone photography services such as Phase I Environmental Site Assessments for property analysis, create orthophotos, alternatively known as orthophotomaps (Orthophotos are commonly used in geographic information systems), in cartography (particularly in photogrammetric surveys), which are often the basis for:
- Topographic maps
- Land-use planning
- Archaeology
- Movie production
- Environmental studies
- Power line inspection
- Surveillance
- Commercial advertising
- Conveyancing
- Artistic projects, et al.
Our business goal is to become one of the leading aerial drone photography company in the United States and we will make sure that every job we handle can favorable compete with the best in the industry.
We are aware that there are several large and small aerial drone photography businesses all around the United States which is why we spent time and resources to conduct our feasibility studies and market survey so as to position our aerial drone photography business in Bay Orleans – Massachusetts and also to offer much more than our competitors will be offering in terms of products and of course customer service.
Much more than producing top notch photos, our customer care is going to be second to none in the whole of Bay – Orleans, Massachusetts. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they engage our services and also to become our loyal customers and ambassadors.
At Wide – Spread Pictures® Aerial Drone Photography Company our client’s best interest come first and everything we do will be guided by our values and professional ethics.
We will ensure that we hold ourselves accountable to the highest standards by delivering excellent and neat jobs and also meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
Wide – Spread Pictures® Aerial Drone Photography Company is a family business that is owned by Rev. George Canton – Freeman and his family. The business will be managed by his son Marco Canton – Freeman a graduate of Business Administration who is a member of The DC Area Drone User Group – the largest UAV club in the US, and also the Academy of Model Aeronautics.
He has extensive experience working with one of the leading photography companies in the United States of America. He will bring his experience and expertise to help build and grow Wide – Spread Pictures® Aerial Drone Photography Company to compete favorably with other leading aerial drone photography companies in the United States of America.
3. Our Products and Services
Wide – Spread Pictures® Aerial Drone Photography Company is in the aerial drone photography industry for the purpose of making profits and we will ensure we go all the way position our business in key cities in Bay Orleans, Massachusetts and other key cities in the United States of America.
Here are some of the products and services that will be offering;
- Phase I Environmental Site Assessments for property analysis
- Create orthophotos, alternatively known as orthophotomaps (Orthophotos are commonly used in geographic information systems)
- Cartography services particularly in photogrammetric surveys, which are often the basis for topographic maps, land-use planning, archaeology, movie production, environmental studies, power line inspection, surveillance, commercial advertising, conveyancing, and artistic projects
- Other related aerial drone photography advisory and consulting services.
4. Our Mission and Vision Statement
- Our vision is to build an aerial drone photography company that will have active presence all over Bay – Orleans, Massachusetts and other key cities both in the United States of America and Canada
- Our mission is to establish an aerial drone photography company that will make available a wide range of services and products as it relates to aerial drone photography business at affordable prices and to build a business that will grow to become one of the top 10 aerial drone photography companies in the United States.
Our Business Structure
Wide – Spread Pictures® Aerial Drone Photography Company do not intend to start a photo booth business whose presence can only be found in Bay – Orleans; our intention of starting an aerial drone photography business is to build a standard business with active presence in strategic locations in Bay – Orleans, Massachusetts and of course other key cities spread across the United States and Canada.
We will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.
In putting in place a good business structure, we will ensure that we hire only people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Executive Officer (Owner)
- Admin and Human Resources Manager
- Sales and Marketing Manager
- Aerial Drone Photographic Specialist / Operators
- Accountant
- Client Services Executive
5. Job Roles and Responsibilities
Chief Executive Officer – CEO:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Reports to the board
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
- Defines job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Oversees the smooth running of the daily office activities.
Sales and Marketing Manager
- Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
- Models demographic information and analyze the volumes of transactional data generated by customer purchases
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represents these company in strategic meetings
- Helps to increase sales and growth for the company
Aerial Drone Photographic Specialist / Operators
- In charge of Phase I Environmental Site Assessments for property analysis
- Creates orthophotos, alternatively known as orthophotomaps (Orthophotos are commonly used in geographic information systems)
- Handles cartography services particularly in photogrammetric surveys, which are often the basis for topographic maps, land-use planning, archaeology, movie production, environmental studies, power line inspection, surveillance, commercial advertising, conveyancing, and artistic projects
- Handles other related aerial drone photography advisory and consulting services.
Accountant
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the organization
- Serves as internal auditor for the organization
Client Service Executive
- Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
- Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc; to ensure accurate and helpful information is supplied to clients when they make enquiries.
6. SWOT Analysis
Our intention of starting our aerial drone photography business in Bay – Orleans, Massachusetts is to test run the business for a period of 3 to 6 months to know if we will invest more money, expand the business beyond Bay Orleans – Massachusetts to key cities in the United States and Canada.
We are quite aware that there are several aerial drone photographic businesses all over the United States and Canada and even in the same locations where we intend starting ours, which is why we are following the due process of establishing a business.
We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be well – equipped to confront our threats.
Wide – Spread Pictures® Aerial Drone Photography Company employed the services of an expert HR and Business Analyst with bias in start – ups to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.
This is the summary of the SWOT analysis that was conducted for Wide – Spread Pictures® Aerial Drone Photography Company;
- Strength:
The strategic locations we intend covering, the business model we will be operating on, ease of payment, wide range of products and our excellent customer service culture will definitely count as a strong strength for Wide – Spread Pictures® Aerial Drone Photography Company. So also, we have a well – experienced and qualified team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details.
- Weakness:
A major weakness that may count against us is the fact that we are a new aerial photography business and we don’t have the financial capacity to compete with multi – million dollars photography companies who are also into aerial photography business.
- Opportunities:
The fact that we are launching out in Bay – Orleans, Massachusetts, provides us with unlimited opportunities to sell our products and services to a large number of corporate organization, research institute, and film makers who need the services of aerial drone photography companies.
We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they hire our services; we are well positioned to take on the opportunities that will come our way.
- Threat:
Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of an aerial photography company or a photography company in same location where ours is located. unfavorable government policies can also pose a major threat to businesses such as ours.
7. MARKET ANALYSIS
- Market Trends
A close observation of the Photography industry shows that the industry has experienced several changes as digital cameras and post – production technologies have increasingly affected players in the industry. So also the use of aerial drone photography is on the rise and more businesses are keying into the trend.
While photographers are benefiting from the changes by increasing their efficiency and availability, consumers are now able to take professional-quality images without the need of a specialist. Nevertheless, revenue is expected to improve slightly in the next five years as photo booths and photography companies focus on niche markets, such as wedding photography, children photography, documentary photography, events, sports and church directory photography, to sustain demand.
Lastly, it will be observed that on recent time, the FAA began granting the right to individuals and organizations to use drones in aerial film making. Operators are required to be licensed pilots and must keep the drone in view at all times and it is important to note that drones cannot be used to take pictures or film in areas where people might be put at risk.
8. Our Target Market
The target market for those who need the services and products of aerial drone photography companies are all encompassing. It is a fact that there are some forms of photography that can’t be carried out except with the use of aerial drones or similar equipment / tools.
In view of that, we have positioned our aerial drone photography company to service the businesses, government agencies and corporate organizations Bay – Orleans, Massachusetts and every other in the United States of America and Canada. We have conducted our market research and we have ideas of what our target market would be expecting from us.
We are in the aerial drone photographic business to services clients such as;
- Businesses in the Agriculture Industry
- Film Makers
- Surveyors
- Government agencies
- Every other organizations / businesses and individual who would need the services of an aerial drone photography company
Our Competitive Advantage
The competitions that exist in the aerial drone photography line of business may not be stiff simply because the business requires some level of technical skills and certifications. Although, the aerial drone photography business requires some form of trainings, certifications and expertise, it does not stop any serious minded entrepreneur to start the business and still make good profit out of this business.
Wide – Spread Pictures® Aerial Drone Photography Company is launching a standard aerial drone photography business that will indeed become the preferred choice of businesses and government agencies in Bay – Orleans, Massachusetts and in every other location where our business will be opened.
The strategic locations we intend covering, the business model we will be operating on, ease of payment, wide range of products and our excellent customer service culture will definitely count as a competitive advantage for Wide – Spread Pictures® Aerial Drone Photography Company. So also we have a well – experienced and qualified team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups photography / aerial drone photography companies) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Wide – Spread Pictures® Aerial Drone Photography Company is established with the aim of maximizing profits in the photography / aerial drone photography industry and we are going to go all the way to ensure that we do all it takes to offer our services and products to a wide range of customers.
Wide – Spread Pictures® Aerial Drone Photography Company will generate income by offering the following services and products;
- Phase I Environmental Site Assessments for property analysis
- Create orthophotos, alternatively known as orthophotomaps (Orthophotos are commonly used in geographic information systems)
- Cartography services particularly in photogrammetric surveys, which are often the basis for topographic maps, land-use planning, archaeology, movie production, environmental studies, power line inspection, surveillance, commercial advertising, conveyancing, and artistic projects
- Other related aerial drone photography advisory and consulting services.
10. Sales Forecast
One thing is certain; there would always be corporate organizations, businesses and government agencies in Bay – Orleans, Massachusetts and in the United States of America who would always need the services of aerial drone photography companies for the various purposes.
We are well positioned to take on the available market in Bay – Orleans, Massachusetts and in the United States and Canada. We are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond Bay – Orleans, Massachusetts to other cities in the United States and Canada where we intend marketing our services.
We have been able to critically examine the aerial drone photography / photography industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Bay – Orleans, Massachusetts.
Below is the sales projection for Wide – Spread Pictures® Aerial Drone Photography Company, it is based on the location of our business and the wide range of products and services that we will be offering;
- First Fiscal Year-: $100,000
- Second Fiscal Year-: $250,000
- Third Fiscal Year-: $750,000
N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
Before choosing locations for launching our aerial drone photography business, we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for corporate organizations, business and government agencies in Bay – Orleans, Massachusetts and other cities in the United States and Canada.
We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the aerial drone photography / photography industry to help us develop
In other to continue to be in business and grow, we must continue to attract clients to patronize our products and services which is why we will go all out to empower or sales and marketing team to deliver. In summary, Wide – Spread Pictures® Aerial Drone Photography Company will adopt the following sales and marketing approach to win customers over;
- Introduce our business by sending introductory letters alongside our brochure to corporate organizations, businesses in the agriculture sector, film makers, research organizations and key stake holders in Bay – Orleans and throughout the United States and Canada.
- Print handbills about our aerial drone photography business and its locations and drop them in public facilities.
- Advertise on the internet on blogs and forums, and also on social media like Twitter, Facebook, LinkedIn to get our message across, so that those on the social media or those who read blogs can know where to go when they need the services of an aerial drone photographer
- Creating a basic website for our business, so as to give our business an online presence
- Directly market our aerial drone photography business.
- Join local photography / aerial drone photography associations for industry trends and tips
- Provide discount days for our customers
- Advertise our business in community based newspapers, local TV and radio stations
- List our business on yellow pages ads (local directories)
- Encourage the use of Word of mouth marketing (referrals)
11. Publicity and Advertising Strategy
Despite the fact that our aerial drone photography company will be well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our aerial drone photography business.
Wide – Spread Pictures® Aerial Drone Photography Company has a long term plan of covering various locations in major cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Bay – Orleans, Massachusetts before venturing out. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand.
Here are the platforms we intend leveraging on to promote and advertise Wide – Spread Pictures® Aerial Drone Photography Company;
- Place adverts on both print (community based newspapers and magazines) and electronic media platforms
- Sponsor relevant community programs
- Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our brand
- Install our Bill Boards on strategic locations all around Bay Orleans – Massachusetts
- Engage in road show from time to time
- Distribute our fliers and handbills in target areas
- Position our Flexi Banners at strategic positions in the location where our photo booths are located.
- Ensure that all our workers wear our branded shirts and all our aerial drones, vehicles are well branded with our company’s logo et al.
12. Our Pricing Strategy
Pricing is one of the key factors that gives leverage to aerial drone photography business, it is normal for consumers to go to places where they can get good deals or hire the services of a company that can give them good bargain for their money. We are aware of this trend which is why we have put structures in place that will enable us charge fees that are a little below the industry’s average.
We will ensure that we reduce our overhead, and we are ready to run on low profit margin for the first six months of launching the business just for the purpose of attracting loyal clients and build our clientele base.
- Payment Options
At Wide – Spread Pictures® Aerial Drone Photography Company, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
- Payment by via bank transfer
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment with cash
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
13. Startup Expenditure (Budget)
In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.
The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a photo booth business; it might differ in other countries due to the value of their money.
When it comes to starting an aerial drone photography business the major areas that you look towards spending the bulk of your cash is in the purchase of standard aerial drones with excellent cameras and of course renting or leasing well located facilities. Aside from that, you are not expected to spend much except for paying of your employees and the purchase of supplies.
This is the key areas where we will spend our start – up capital;
- The Total Fee for Registering the Business in the United States – $750.
- Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $1,300.
- Marketing promotion expenses for the grand opening of the business in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
- Cost for hiring Business Consultant – $2,500.
- Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
- Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of $105,600.
- Cost for the facility and remodeling (construction of racks and shelves) – $70,000.
- The cost for the purchase of aerial drones, cameras and accessories (a 3D Robotics’ Iris or DJI’s Phantom series, GoPro Hero3 Black Edition, built-in Wi-Fi for downloading your footage and maximum compatibility with OEM and third-party accessories, a video transmitter, such as the Immersion RC 5.8 GHz 600mw, which greatly increases the range of a 5.8GHz link, and then you can pair it with a Duo5800 or Uno5800 receiver on the ground to get noise-free video.) – $150,000
- Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
- The cost for start-up inventory (stocking with printing and photography supplies) – $100,000
- Cost for store equipment (cash register, security, ventilation, signage) – $13,750
- Cost of purchase and installation of CCTVs: – $10,000
- The cost for the purchase of furniture and gadgets for the office (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $80,000.
- The cost of Launching a Website: $600
- The cost for our opening party: $7,000
- Miscellaneous: $10,000
We would need an estimate of $400,000 to successfully set up our aerial drone photography business in Bay Orleans, Massachusetts. Please note that this amount includes the salaries of all the staff for the first month of operation.
Generating Funding / Startup Capital for Wide – Spread Pictures® Aerial Drone Photography Company
Wide – Spread Pictures® Aerial Drone Photography Company is a private business that is solely owned and financed by Rev. George Canton – Freeman and his family. We do not intend to welcome any external business partners; which is why we have decided to restrict the sourcing of the start – up capital to 3 major sources.
Since they are the sole financier of the business, they have decided to adopt the following means to generate start – up capital for the business;
- Generate part of the start – up capital from personal savings
- Source for soft loans from family members and friends
- Apply for loan from my Bank
N.B: We have been able to generate about $50,000 (Personal savings $40,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
14. Sustainability and Expansion Strategy
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Wide – Spread Pictures® Aerial Drone Photography Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to deliver excellent jobs at all times
Wide – Spread Pictures® Aerial Drone Photography Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
- Business Name Availability Check:>Completed
- Business Registration: Completed
- Opening of Corporate Bank Accounts: Completed
- Securing standard photo booths: In Progress
- Opening Mobile Money Accounts: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of Insurance for the Business: Completed
- Leasing of our corporate office and remodeling the facility : In Progress
- Conducting Feasibility Studies: Completed
- Generating capital from family members: Completed
- Applications for Loan from the bank: In Progress
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents and other relevant Legal Documents: In Progress
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
- Recruitment of employees: In Progress
- Purchase of the needed aerial drone photography equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In Progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business both online and around the community: In Progress
- Health and Safety and Fire Safety Arrangement (License): Secured
- Opening party / launching party planning: In Progress
- Compilation of our list of products that will be available in our various photo booths location: Completed
- Establishing business relationship with vendors – suppliers of all our needed products and photo booths et al: In Progress