Question
You are a start-up small business who is lookin to implement a finance process. This consulting business will help customers receive certificates to operate motor
You are a start-up small business who is lookin to implement a finance process. This consulting business will help customers receive certificates to operate motor vehicles within a warehouse. The financial plan is basic to the evaluation of an investment opportunity and needs to represent your best estimates of financial requirements. This aspect of the business will detail the processes and the way the venture produces margin. Remember that margin is the economic value. You can have a company that makes a great product but gives it all back in costs - this is not creating value for the owners, only the vendors, and the employees who are getting paid. Please take your time and think through this assignment. Be as methodological and process-driven as possible. Here are some questions and guidelines to help create a operation process in your business:
1. Discuss the highlights of your financial statements, Income Statement, Balance Sheet, and Cash Flow within the consulting/training business.
2. What revenues will look like for the first year? What will direct costs look like? How much cash will you have in the bank balance? (considering opening the small business with a owner and 2 additional employees to handle finance, sales and operations)
3. What is your evaluation of the investment opportunity and what is your best estimates of financial requirements?
4. What is your ventures potential and timetable for financial viability?
5. What are some creative ways you can save money or "bootstrap" in the early days.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started