Assignment 4: Supply Chain Management and Financial Plan
Assignment 4: Supply Chain Management and Financial Plan
"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).
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.
Using the business you created from Assignments 2 and 3, write a three to four (3-4) page paper in which you:
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.
Outline a plan for hiring and retaining competent, motivated employees for your business.
Prepare an outline for a "pitch," i.e., a short 20-30 minute business plan presentation that will be made to lenders or investors.
Include at least two (2) references outside the textbook.
Your assignment must follow these formatting requirements:
This course requires use of Strayer Writing Standards (SWS). The format may be different than other Strayer University courses. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards left menu link).
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Analyze the key financial management considerations in operating a small business, including sources of financing.
Determine the various control and support functions needed to manage a small business.
Use technology and information resources to research issues in small business management.
Write clearly and concisely about small business management using proper writing mechanics.
Assignment 4: Supply Chain Management and Financial Plan
Name
Professor’s name
Course
Date
Pro forma (projected) income statement and balance sheet
Income Statement
Year 1
Year 2
Sales revenue
700,000
800,000
Cost of Sales
120,000
150,000
Gross profit
580,000
650,000
Other revenues
50,000
60,000
Total revenue
630,000
710,000
Expenses
General & Administrative
10,000
12,000
Sales, advertising and marketing
40,000
50,000
Depreciation
Rent
30,000
30,000
Electricity
4,000
4,000
Telephone and Internet
5,000
6,000
Insurance cover
15,000
15,000
Accounting services
10,000
12,500
Salaries
250,000
250,000
Taxes
60,000
80,000
Net Profit
256,000
312,500
Projected balance sheet
Year 1
Year 2
Assets
Current assets
Cash
450,000
500,000
Account receivables
30,000
60,000
Other current assets
4000
4500
TOTAL CURRENT ASSETS
484,000
564,500
Long-term Assets
70,000
70,000
Accumulated Depreciation
TOTAL LONG-TERM ASSETS
70,000
70,000
Total assets
554,000
634,500
Liabilities and capital
Current liabilities
Accounts payable
30,000
40,000
Current borrowing
50,000
53,500
Other current liabilities
68,000
78,000
TOTAL CURRENT LIABILITIES
148,000
171,500
Long-term borrowing
80,000
80,000
TOTAL LIABILITIES
228,000
251,500
Capital
70,000
70,000
Retained earnings
Earnings
256,000
312,500
TOTAL CAPITAL
326,000
382,500
TOTAL LIABILITIES AND CAPITAL
554,000
634,000
Plan for hiring and retaining competent, motivated employees for the business
To hire competent and motivated employees it is important to first identify the job requirements and description. This extends to identifying the tasks and responsibilities of the jobs and positions, the job description, its attributes, limitations, requirements of the person...
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