Business Finance Homework Help

1. Pick a business you always dreamed about opening or one you may want to open. You must pick a business and start this assignment even if you have never thought about it. Just pick an idea. 

2. Review the assignment called: Business Plan (use this template) – Due 12/8 at 11:59 pm

Take note of the format

3. By the end of class today please submit the first two sections. You can always go back and change these later but for now you must submit a sentence or two on each of these items below. 

4. You must thoroughly and completely complete the Executive Summary Section (all 7 items) as well as list at least 4 Objectives that are measurable with a deadline.

Turn all in by the end of class or you get a zero on this – no exceptions. 

Note:  The Executive Summary section of the business plan is typically the very last section to be written.  Ultimately, the author will extract key information from the rest of the plan and summarize it here.

For this course students will write this section first and revisit the executive summary throughout the duration of the course, making modifications.

Topics here should include:

1. Why the company is being formed. What is the purpose of your business?
2. Description of the business. How do you characterize your business?  For example, are you a retailer, service and repair business, restaurant, etc.?  What do you specialize in?
3. Background to the problem that your business will seek to fix. How are you going to bring value to your customers and how are you going to meet their needs better than any other business?
4. Market conditions. What are the current and forecasted market conditions for your industry?
5. Business structure. What is your business structure?  Is your business a Sole Proprietorship, Partnership, S Corporation, C Corporation, LLC, LLP, etc.?  For what reasons did you choose this business structure?
6. Where are your offices located and where will you conduct business?
7. How will you finance this endeavor? 

[Type Executive Summary here using the above notes as a reference]

Objectives

Note:  These are your business goals.  In this section you will establish your objectives in terms of the market share you intend to capture, your projected sales and profitability.

Objectives that are quantifiable and measurable are always best.  As you start your business and as you grow your business the objectives you establish here will serve as a metric to gauge your performance and success in achieving your business objectives.  Be realistic.

Objectives to highlight should include:

1. Market share. How much of the market share do you intend to capture and by when?  Be specific and stay within a 3-5 year period.
2. How much do you intend to sell each year?
3. How much profit do you intend to make each year?