Starting your own business | Business & Finance homework help
Pretend that you are begining your very own duty.
Before you begin the duty, you deficiency to particularize and transcribe the requirements of bountiful a prosperous duty. Please convergence on the dollars as you devote concepts genial in the race so far. You are communication an essay that captures all of your moderate thoughts and projections for a duty that you procure begin up. Your essay should discourse anything in the six (6) sections outlined under.
An ESSAY TEMPLATE that includes the EXCEL WORKSHEET, is granted to subsistence you in organizing your assignment.
NOTE: A different rendering of the worksheet is granted in the Race Resources if you would love to exemplification after a while making-ready of the Balance Sheet.
Please path the ESSAY TEMPLATE here.
SECTION #1 –INTRODUCTION OF BUSINESS: Explain and recount the duty you procure begin.
1. What procure your duty hawk?
2. Why is this duty animated to you?
SECTION #2 – REVENUE & PROFITS: Discuss how your duty procure beget capital.
1. What are your contemplated year #1 sales? Provide point.
2. What are your contemplated year #1 prices and costs? Provide point.
3. What fraction of your sales enrichment procure be consumed by prices? Express in defiant and in percentages.
4. What fraction of your sales enrichment procure be returns? Express in defiant and in percentages.
SECTION #3 – PRODUCT PRICE & COSTS: Explain the products/services that mob procure buy from your duty.
1. Provide point on the worths you procure commit (be peculiar for each product/service you procure hawk);
2. Provide point on the costs for each of your products
3. Explain your worth mark-up in percentages and in dollars
SECTION #4 – INVESTMENT REQUIREMENTS: Discuss your banking and advances.
1. What duty accounts procure your notorious? Explain your banking requirements? Recount the bank(s) you would use.
2. Assume that you deficiency to capture out a duty advance to caggravate your moderate costs and prices. The sum of the advance is similar to the sum of your contemplated year #1 prices and costs (per part 1b aloft).
1. Describe that advance and exhibition your annual reciprocation schedule aggravate 10 years after a while 6% unification attention.
2. Then recount that advance and your reciprocation aggravate 10 years after a while 8% humble attention.
3. How procure you cogitate the price or the rate of this equipment, eatables and register on your BALANCE SHEET?
SECTION #5 – BALANCE SHEET ASSESSMENT:
1. Prepare a BALANCE SHEET that reports your Year #1 duty results in provisions of ASSETS and LIABILITIES and EQUITY.
2. Explain your principal Asset (versus all other goods) and your principal Liability (versus all other Liabilities).
SECTION #6 – CONCLUDING THOUGHTS: