Prepare a business plan for a product or service. This project is designed to accomplish such a task. You are a start-up private company searching for a VC funding for the development and marketing of your new product/service. Your task is to convince the panel of Venture Capitalists/Angel investors to give you a desired funding.

1. Develop any product or service that has a potential big market. You can start-up your business anywhere in the world.

2. Write a Project Report

Our group choosed startup about Edible spoons.

Please help with financial summary of business plan

200-300 words

1. Provide a simple Income Statement for the next 5 years. You need to have Sales Revenues, Cost of Sales, Gross margin, Administrative expenses, EBIT, tax, Net income.

2. Breakeven point in units should be defined. What are your fixed costs and variable costs?