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Case Study: Sprinkles Of Joy

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Sprinkles of Joy is a cupcake shop that specializes in making a variety gourmet cupcakes that each customer who walks into the store can enjoy. As a company our main goal is to fulfill our customers’ needs of the perfect cupcake and that’s exactly what we offer. As an owner, I plan to use my 5+ years of baking and culinary experience to make the most delicious cupcakes around Sioux Falls. Sprinkles of Joy will be a sole proprietorship. I think that would be the best fit for my business, because I would like to run it simply and be responsible for my own debt. Also, as a sole proprietor the CEO owns 100% of the business and I think that would be simple when dealing with decision making, which I would like to do on my own. I would put all of my own contributions into Sprinkles of Joy. …show more content…
For my business I am planning on spending $5,000 per month on supplies/equipment and $1,500 per month on utilities. For required licensing my business will need Federal Tax Registration, SD Sales Tax Registration, SD Business license, Egg license, Food/Beverage License, Check Cashing Money, and Employees Staffing License. By the end of the year Sprinkles of Joy would like to reach a goal of opening up a second location as a shop. As our sales keep reaching higher and higher we should be at that goal with no problem. My exit strategy for Sprinkles of Joy would be to liquidate my

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