it's about creating a company (gift and flower store company) online, so we should do something like a feasibility study,,, the last point made me lost,, I don't know much about it I tried to research but useless,,, it's about "financial planning and future needs" I don't know anything about that.. (my friend tried to explain,, he said it's something like"Funding requirements (how should we fund our business) where can we find the money
required for the business (banks for example??)
How much money should we invest? How should we allocate it?
Revenue stream: The method our company will use to collect money, in essence, a method of
earning money and a way to collect it. (ya3ni where will our profit come from?)
Cash flow forecast: (predicting how our business will operate, how much can we get from
manufacturing and selling and how to divide the profit on your new projects)
Profit and loss forecast." is it right? anyone can help with that,, any ideas, websites, reports?
Stupid homework.. and urgent?
1) List out %26amp; Figure the initial cost - building and assets aquisition (telephone, cash register, credit card machine, computer).
2) List out %26amp; Figure the operating cost, light bill, gas, employee wages %26amp; taxes, lawyer, accountant, advertising, operating supplies/prodict inventory (flowers, wrapping paper, etc) by the month, multiply by 6 to 8 months.
3) List %26amp; Figure 30% over (more than) #2. - Cash Reserve
4) Project Sales/month - an average of x arrangements/day, y days/week at a average price of z. Be reasonable.
5) Project Profit/month (from 4) - subtract operating expenses per month.- again be reasonable - How much do you NEED to make to live until you get going good-this also
get subtracted.
6) From the remainder, you have to payback the loan(s) Note: Look at financing property over 15 or 30 years (at a lower rate with real property collateral), the business over 1, 3 or 5 years (higher rate).
7) Figure in a personal - cash contribtuion - how much money are you personally going to risk for this opportunity.
8) Determine your profitability Total 1, 2, 3, 4,5 ,6 %26amp; 8.
7 Put together a plan - what are you going to do to make your company worth the risk - past experience and exposure, already have account commitments, television advertising, location of store, other people who are backing you (financialy) etc - a story that sells
9) For a class, I would create a short - 5-7 slide power point presentation (Create A Business Name, Logo, use the logo on every page of the presentation). The presentation should stay positive, realisitic and 'anticipate' the unforseen - how are you going to deal withbe successful in a market with 7 million home foreclosures.
Reply:tell your friends to protest the teachers
Reply:its really make believe you just pick a figure you think is achievable and show it starting small and building up break down each part and price it add in labour and dont forget tax
Thursday, February 9, 2012
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