Economics Homework Help

I’m working on a finance multi-part question and need a sample draft to help me learn.

Part I:  You are a business consultant who works with new business owners.  A new client wants to start a bakery and seeks advice.  Respond to the following in a minimum of 250 words and 2 references.  Discuss the advantages and disadvantages of using venture capital as a startup funding for a business.  Describe what approach you would recommend for the client by using information you research.  Place the references for this part immediately following this response

Part II .Prepare a financial plan for the organization that you select for your business plan.  Include a cover page and reference page

Describe the organization, including the type of business.

Create the business case.

• Determine why funding is needed for the company.
• Determine the sources of funding. Consider self-funding, borrowing, loans, equity, venture capital, etc.
• Evaluate the requirements of each of the funding sources that you plan to use.
• Analyze the risks that are associated with each funding source.
• Decide which sources are the best fit for your company based on the requirements of each. Justify your decision.
• Estimate the cost of capital for both short-term and long-term funding sources. Research current estimated APRs for your selected sources of funding. Create a table or chart to display this information.

Estimate direct costs, including capital, marketing, labor, equipment, and inventory/supply costs.

Prepare a budget that includes starting balances, monthly costs, loan/investment payments, cash flow projections, and required revenue.

Create a profit-and-loss statement for a 3-year period. Provide a revenue forecast, stating realistic assumptions, such as growth per year, in your projections.