Homework: Business Start Up
Chosen business venture : The business I intend to start is a local mom-and-pop grocery store that serves people majorly in my community with grocery items. The name of the store will be called Betty's.
Instructions :
Write 3 to 4 pages paper in which you:
1) Outline the financial start-up needs for this business. Consider such items as cash, equipment, space lease or purchase, raw materials, and labor costs. Provide a rationale for your estimates.
2) This is only a preliminary list. As you progress in the course, this outline will be fine-tuned.
3) Once you have estimated the start-up needs for this business, determine the best financing options to obtain the needed capital and how you would approach securing this type of financing. Justify your selection.
4) Evaluate the two most important financial ratios that you will use to track the health of the business and explain how each would provide insight to the business performance. Provide a rationale with your response.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.