Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Create a financial plan for a business you intend to start up or for a rehabilitation facility for athletes (physical therapists, orthopedic surgeons, personal trainers,

Create a financial plan for a business you intend to start up or for a rehabilitation facility for athletes (physical therapists, orthopedic surgeons, personal trainers, and coaches as employees) business and develop strategies to acquire finance.

The financial plan should consist of four parts:

Part 1

A brief description of the business, its nature, intended operational size and goals.

Outline of the business vision.

Part 2

An analysis of the financial requirements of the business including projected:

  • income and expenditure
  • costs of production or services
  • pricing strategies
  • contribution margins
  • profit projections

Provide details of the basis for your projections.

Part 3

Details of:

  • profit targets which reflect desired returns
  • identification of your proposed asset requirements and asset management strategies
  • cash flow projections which will allow the business to operate according to the business plan and legal requirements
  • identification of capital investment requirements for each operational period
  • suitable budget targets to allow the monitoring of financial performance
  • break-even analysis
  • a projected balance sheet
  • working capital analysis
  • requirements for start-up finance or ongoing finance

Part 4

A finance acquisition strategy including:

  • identification of sources of potential finance
  • cost of securing finance
  • strategies to obtain finance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale

14th Edition

0137943601, 9780137943609

More Books

Students also viewed these Finance questions

Question

Differentiate between the various types of proposals

Answered: 1 week ago

Question

Explain basic guidelines for effective multicultural communication.

Answered: 1 week ago

Question

Identify communication barriers and describe ways to remove them.

Answered: 1 week ago

Question

Explain the communication process.

Answered: 1 week ago