Question
1) Complete table indicating all the current assets you will need to come up with before organic vegetable farm can open. This list will include
1) Complete table indicating all the current assets you will need to come up with before organic vegetable farm can open. This list will include things like office supplies, inventory, prepaid expenses (like insurance or license), and the cash you will need in your account in order to run organic farm business. (attach a chart to your plan as an appendix)
Material & operating cash needs for start up
Materials and cash (current assets) | Value | |
already have | need | |
2) Complete the equipment needs worksheet in table by revewing the list for small organic vegetable farm and establishing prices for what you need or the value of things you already have. attach chart of your plan as an appendix.
equipment (fixed assets) | Value | |
already have | need | |
3) Briefly explain how much you, your partner and other investment (angels, venture capitalists) will be contributing in order to start the business. Do you include any borrowed money. Be sure to include the value of those things you already own (cash, equipment, or materials) that will used exclusively for the business. Also include any expenses you have already paid.
4) Include any money your business will have to borrow. Identify the lender, the interest rate and the repayment terms. Indicate any collateral that may be required.
5) prepare a balance sheet for the opening day for your organic vegetable farm business. After you have completed the rest of the financial sections, prepare projected balance sheets for the end of the first, second and third years.
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