Assignment: Accounting excel spreadsheets
1. How much money will you personally invest into the business?
Create a list of funding sources, the amount each source will provide, and the terms, if any, related to the funds
2. Describe if and how investors will be involved in the day to day operations of the business.
Provide a list of the general practices for how investments return will be distributed, assuming different business scenarios.
3. Identify the payout period (when investment returns will be distributed).
How much cash do you need to start your business and keep it running until it is self-sustaining?
Create a pro forma budget of your capital funds (cash, or access to cash) for one to three years
12000 for personal investment
5000 family investment
8000 bank loan
self sustaining in 2 years
25000 needed to start business and run gor first 6 months
Bank loan will be paid off in 3 years 5% interes
family investment in 5 years 5 % interes
Goal income yearly 65000.