Homework: The Basics of a Start-Up
Overview
This homework investigates the financial needs of your business venture from the first homework, Your Business Venture.
Task
Write 3 to 4 pages paper in which you:
• 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.
o This is only a preliminary list. As you progress in the course, this outline will be fine-tuned.
• 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.
• 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 give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
• Determine financial start-up needs for a business, options and approaches for securing financing, and financial ratios for tracking business performance.