Center for the Arts - Vision for the Future

The Business Plan is the next logical step following completion of the Case Study. The Cultural Plan determined that a culture for the arts exists in Harford County. The feasibility study quantified the demand for the Arts Center. The Case Study determined its affordability. The logical extension of these endeavors is to complete a Business Plan that is the actual budgeted forecast for the center from inception to opening.

The first part of the business plan is the study of similar arts centers. While each center is unique to its market, much can be learned from the analysis of each in terms of where it concentrates its efforts. During the business planning stage, considerable financial modeling is done to determine the revenue stream and costs associated with the Center’s offerings. This highly detailed document includes forecasted income statements, balance sheets and statements of cash flow.

Upon completion, the Business Plan will be posted here.