“Homework #7 Finances“
ASSIGNMENT:
1. This homework assignment includes an excel template download (in attached in file).
2. Must also include a written overview of what the numbers mean and how you came up with them. Include any assumptions you made in coming up with the numbers you came up with. The template is attached in a file. Included in this section of the business plan are all the costs to starting up your business, production, marketing and sales, one to two-year projections, expenses, profits, financing needed, and sources of financing.
There are many good business ideas that fail due to owners not having a solid financial plan for their business. Identifying startup costs is critical in understanding what you will need for a financial commitment from banks or investors.
INSTRUCTIONS:
1. Must use the Financial Plan Template provided (in file).
2. My Company’s “Overview & Business Plan” so far is attached in a file. This Financial Plan needs be based on the business plan that is attached in file.
– Read the Overiew to accurately complete financial business plan.
– I am the Owner, and only employee of the company to start.
– Must include costs of starting up my business, production, marketing sales growth, one to two year projections, expenses, profits, financing needed, source of financing, and the expanding of workforce.
– Must include a written explanation of how you came up with a written overview of how you came up with these numbers.
3. SOURCE: Must use Chapter 14 in Textbook: “Entrepreneurship & Small Business Management” to COMPLETE ASSIGNMENT! (Instructions for textbook acces in attached file).
4. MUST, MUST create “Financial Plan” based on the business plan (attached in file).