Please answer two sentences for each question by creating a fake small business

COURSE PROJECT TEMPLATE

ACCT 2303 | Principles of Accounting II

You may choose to use this document as the basis for your business course project for this courses. To begin, complete the Strategy, Operations, Finance, and Management outline below. You may copy your responses from ACCT 2301 for the first 3 sections, if you completed the course at HBU; otherwise, answer the questions in a quick 2-sentence response. The portion that is new for ACCT 2303 is the final portion Management.

STRATEGY

1. What is your business idea?

2. Who is your customer? What need are you meeting?

3. What competition are you facing?

OPERATIONS

1. What resources will you need to produce your product or service?

2. How many customers will you serve?

3. How many products or services will you sell?

4. What price will you charge?

FINANCE

1. What assets do you expect to own?

2. What liabilities do you expect to incur?

3. What types of revenue do you expect to receive?

4. What types of expenses do you expect to incur?

5. Where will you obtain the capital to launch your business?

MANAGEMENT

1. What is the Mission Statement for your business?