Creative Buddies makes beautiful paintings and portraits to make your space more warm and welcoming!
Creative Buddies is a venture through which we sell portraits that are handmade by us. We have been selling our products in our neighbourhoods and school and advertising through social media. Till now, five orders have been completed.
Out of the ₹10,000 seed money received, we invested ₹8,000 in the production of the portraits. We spent ₹3000 on art supplies and raw materials, ₹4000 on the frame work, and ₹1000 on transportation. Each portrait is sold at a price of ₹300.
We have envisioned a 6-month growth plan for our business. For this, we would require an investment of ₹1 lakh, out of which ₹20,000 would be used on raw materials, ₹20,000 on marketing and advertising, ₹20,000 on the frame work, ₹5000 on packaging, ₹5000 on transportation and ₹10,000 on setting up an offline stall. This would leave us with ₹20,000 as a back up fund for any other requirements.