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University of Phoenix Material

Financials and Human Resources Planning

Section One: Start-up Financials

Start-up Expenses- Complete the SCORE.org template and attach as an object here:

Pricing Strategy- Document the team’s pricing strategy. Include competitive data and factors used to develop a strategy and model. Attach supporting documentation as needed.

Financial Statements- Summarize the purpose of Financial Statements and why it is important for small business owners to understand the key components of:

· Balance Sheet

· Income Statement

· Cash Flow Statement

· Break-even Analysis

Part Two: Human Resource Planning for a Start-up Business

1. Describe below how your team will determine human resource requirements during the first 12 months of operation. Provide a Human Resource Forecast that includes:

· Number of hourly employees- full time, part time

· Use of student employees- seasonal, after school

· Management structure

· Skilled labor requirements- certifications, licenses, etc.

· Volunteers to be used

· Family member employment

2. Include any charts your team wants to include to illustrate the Human Resource Planning Process.

Part Three: Reflection and Observations

Answer the following questions:

1) What role did each team member provide to obtain the business plan information?

2) What roadblocks did the team face when obtaining required information?

3) What lessons were learned during the week’s learning team assignment which can be applied during the specific phase of business start-up?

4) What is the team’s overall observations of this week’s assignment relative to the type of

information needed to develop a comprehensive business plan?

5) How does this week’s Learning Team assignment support the Learning Objectives?

References

APA-formatted citation

APA-formatted citation

Copyright © XXXX by University of Phoenix. All rights reserved.

Copyright © 2016 by University of Phoenix. All rights reserved.

Financing Options

Part 1

Respond to the following three questions in a minimum of 175 words each question

1. Discuss: Sometimes an entrepreneur needs an investor in order to begin a new business venture. (175 words)

2. Explain financing options for a small business. (175 words)

3. How do you estimate needed cash flow for a business’ objective? (175 words)

Part 2

Business Start-Up Budget Challenge

You are a consultant for a business start-up company and your main area of responsibility is coaching new business owners on developing start-up budgets.

Write a 1,050- to 1,400-word instruction guide on how to develop a start-up budget. 

Include the basic elements of the budget and why they are critical. 

Provide examples to support the approach new business owners should take when developing a start-up budget. 

Explain why a start-up budget is different than an established business budget.

Include a completed start-up budget template as further supporting information.

Cite a minimum of three sources.

Format your paper consistent with APA guidelines.

Part 3

Executive Summary

a) Complete Parts 1-3 of the Financials and Human Resources Planning template. (Word Doc)

b) Write a 525-word executive summary using the Executive Summary Data.

Format your paper consistent with APA guideline.