Question
business assignment for Restaurant Business Start-up requirements, investment, borrowed money, and government programs. I would like you to use that information, expand on it and
business assignment for Restaurant Business Start-up requirements, investment, borrowed money, and government programs. I would like you to use that information, expand on it and provide me with the following information: What current assets (materials and cash) do you already have and/or need for your business before you open? Assign a dollar value to the materials. What fixed assets (equipment, etc.,) do you already have and/or need for your business before you open? What expenses will you incur in the form of start up costs before your business opens? Please explain how much of the above costs will be covered by Investment of cash or assets from you, your partners, any other investors (family, friends, angels, venture capitalists). Please provide an explanation on how much money your business will have to borrow. Identify how much you will need, what the loan will be used for, who are the lender(s), the interest rate, and the repayment terms. How much cash do you plan to have in your bank account to start the business? Describe any government programs, subsidies, grants, etc. that you think your business would be eligible for that you discovered from your research Once you have listed all this information, please provide an Opening Balance Sheet for your company. Please use the proper Balance Sheet format and the date should be "as at" the date you plan to open your business.
References https://www.princeedwardisland.ca/en/topic/small-business-incentives
https://www.restaurantscanada.org/industry-news/pei-launches-dine-in-and-save-program/
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