The Business in question is a Talent Agency- I.E. (Fullscreen, Select Management, Viral Nation, IMA)

My previous answers:

Management

• Describe an organizational, management, and staffing structure for the venture.

I will be the CEO. We will have an Accounting Department. Talent Managers. Account Managers. Talent Coordinators.

• CEO: I will be making major corporate decisions, managing the operations and resources of my company, and managing expectations.
• Accounting: makes sure the company is operating efficiently by accessing their financial records, data, reports, budgets, tax returns, and accounting records trends.
• Talent Manager: the talent manager will be in charge of day-to-day operations for the influencers we exclusively manage
• Account Manager: the account managers will be in charge of all of the brand deals for the talent (influencers). The account managers will have to make relationships with not only the talent but brands and other agencies. Their job will be based off bringing our talent deals through inbound AND outbound deals through brand partnerships.

List the top 35 priorities of the President/CEO in the first 90 days, and in the first year.

• Managing expectations: when I bring on team members I will give them expectations for my company and their jobs. If my employees have expectations that need to be met, job wise and office wise, I will make it my goal to meet them.
• Keeping my employees happy: success at a company all starts internally. I want my employees. If the employees are happy, happiness will go down to the clients.
• Keeping my talent happy: We want the talent to trust us. We want to provide them with the best experience possible.

Finance

1. Identify sources of capital, cash reserves, corporate credit, and other funding options for the venture.

• I will have investors.

2. Identify multiple potential revenue streams.

• We will take 10% of every talents brand deals
• We will have brands pay us a flat fee for running the campaigns for them

3. What are the fixed and variable expenses?

• Fixed: rent for office space, weekly/monthly payroll
• Variable: sales commission (account managers bringing in inbound deals), office supplies

4. Explain the impact that your staffing decisions will have on your financial plan.

• An example would be me choosing my account managers strategically- if I hire great sales people as account managers, this will bring in more deal flow to the company = profit.

Finance 1. Identify sources of capital, cash reserves, corporate credit, and other funding options for the venture. 2. Identify multiple potential revenue streams. 3. What are the fixed and variable expenses? Be sure to consider the organizational and staffing plans you outlined above. 4. Explain the impact that your staffing decisions will have on your financial plan. 5. Develop a budget framework to ensure positive cash flow. While researching, go beyond simple web searches, and utilize academic and professional sites. Here are examples: Yahoo! Finance Nasdaq Stock Market U.S. Small Business Administration Finance 1. Identify sources of capital, cash reserves, corporate credit, and other funding options for the venture. 2. Identify multiple potential revenue streams. 3. What are the fixed and variable expenses? Be sure to consider the organizational and staffing plans you outlined above. 4. Explain the impact that your staffing decisions will have on your financial plan. 5. Develop a budget framework to ensure positive cash flow. While researching, go beyond simple web searches, and utilize academic and professional sites. Here are examples: Yahoo! Finance Nasdaq Stock Market U.S. Small Business Administration