Question
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
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