Homework: 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 homework, 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 Homework, write a 3 to 4 page paper in which you:
o 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.
o Outline a plan for hiring and retaining competent, motivated employees for your business.
o Prepare an outline for a "pitch," i.e., a short 20-30 minute business plan presentation that will be made to lenders or investors.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o 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.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this homework are:
o Analyze the key financial management considerations in operating a small business, including sources of financing.
o Determine the various control and support functions needed to manage a small business.
o Use technology and information resources to research issues in small business management.
o Write clearly and concisely about small business management using proper writing mechanics.