This is an exercise for our Finance course.

We should choose what type of business you will be.

Sole Proprietor

Partnership

Company.

Describe your business.

we must prepare a simple starting balance sheet. Equity only NO debt

to include a simple income statement

Using the percentage of sales method

Project for wards 3 - 5 years' worth of Income Statements and Balance Sheets

What is your plug? Is it the same every year? If you are using a different plug, are you doing your analysis correctly?

If you need outside Capital (Debt or Equity) where will you get it from and what will it cost you?