Homework answers / question archive / One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan

One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan

Business

Share With

---

One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan." (Scarborough & Cornwall, 2015, p. 454).

Overview

With this assignment, you are creating two important elements of a financial plan: an Income Statement and Balance Sheet. You also are preparing an outline of a presentation of your business plan to potential investors or lenders.

Instructions

Using the same company from your previous assignments, write a 3–4 page paper in which you:

1. Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of operation, using income projections and incorporating an advertising plan.
2. Outline a plan for hiring and retaining competent, motivated employees for your business.
3. Prepare an outline for a "pitch," i.e., a short 20–30 minute business plan presentation that will be made to lenders or investors.
4. Include at least two references outside the textbook.
    

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

• Organize information to develop a clear and persuasive business plan for a specified audience.