Budget

three-year budget, starting from your estimated sales to project your costs of raw material, labor, and overhead (assuming inflation is minimal).

1) Make a projected Cash Flow budget for each of the three years

2) Make a projected Income Statement and Balance Sheet for each of the three years

3) Include research on all relevant Federal and State Tax rates (For example, is there a hotel tax for the service group?)

Project Evaluation

What is your total investment in year 0? What is your working capital requirement in each of the three years?

Exit Strategy and Conclusion

How fast can you exit your business or cut your losses if necessary?

Based on your cost analysis, would you really start your business? Explain your answer.