Problem: In groups up to 3, you are to create financial projections for twelve months. The main part of this exercise is your financial projections. Your financial projections should include:
- Monthly projected income statement for the first twelve months of operations.
- A Microsoft Excel (or similar) worksheet to estimate the number of units/services you are going to sell in order to attain your revenue figures. If you use a program other than Microsoft Excel, please convert and submit as a Microsoft Excel Workbook.
- Within your Microsoft Excel Workbook above, include a worksheet that shows your variable costs (labor/materials/etc...) and how a change in activity will increase the cost.
I recommend doing a little bit of industry research for the company, but you do not need to recite that industry knowledge to me. There are several sources online for industry research. Along with the projections you are to include a written summary of your business that includes:
- Your product or service offering The cost of your product or service. What is the price of your product and how did you determine your price? Where you will locate