User Account

All Pages

Solid plan for the success of business

Assignment Help Business Management
Reference no: EM13929085

Final Project: Business Plan

You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but onlyif you can convince them you have a solid plan for the success of this business. Your investor is very concerned with how the accounting functions of this business will be handled.

Write a 700- to 1,050-word paper based on the scenario above.

Persuade your investor to put up the capital by addressing the following questions in your business plan:

  • What is the name of your business?
  • What type of business structure is it-sole proprietorship, partnership, or corporation? Why did you choose that structure?
  • What type of services or products does your business provide?
  • What role will accounting play in the start up of your business?
  • What type of work characteristics will you look for when hiring your accounting staff?
  • What education should a person have in budgeting, internal controls, and cash management before going into business?
  • What kinds of internal controls will you put in place for the business?
  • How will your managers use financial information to predict outcomes for your business?

Reference no: EM13929085

Questions Cloud

Determine potential implications for hrm policies : From your analysis, determine potential implications for HRM policies and practices. Select an industry with which you are somewhat familiar [e.g., kitchen appliance manufacturing, personal care products, or after-market automobile parts]
Perception of or appreciation for the field : Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain.
Assignment on responsibility center presentation : Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have little or no work history in a responsibility center. The purpose of this training ..
What is the mean of the given probability distribution : A police department reports that the probabilities that 0, 1, 2, and 3 burglaries will be reported in a given day are 0.49, 0.42, 0.06 and 0.03, respectively. What is the mean of the given probability distribution?
Solid plan for the success of business : You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but onlyif you can convince them you have a solid plan for the success of this business. Your in..
Income statement-balance sheet-cvp income statement : Write a 200- to 300-word response to the following: Describe how the following financial reports are used internally in a business:  income statement, balance sheet, CVP income statement, statement of cash flows, and retained earnings statement.
Determine whether or not the advertizing campaign efective : The sales of a grocery store had an average of $8,000 per day. The store started an aggressive advertizing campaign in order to increase sales.
Difference between financial and managerial accounting : How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting?
What is my preferred leadership style : What is my preferred leadership style? Is this style the most effective for gaining followership? What is my preferred type of power? Is this use of power the most effective for gaining followership?

Reviews

Write a Review

Business Management Questions & Answers

  What is outsourcing and what are some of the main reasons

What is outsourcing, and what are some of the main reasons why organizations outsource products/services

  Define software applications and information systems

Define software applications and information systems available for the various organizational departments within a company, such as accounting, finance, HR, marketing, and management.

  Counter-argument to training leaders

A third possibility is that, even if certain theories could actually guide individuals in leadership situations and even if individuals could alter their style. What is your reaction to these arguments?

  Explain the methods and make recommendations

Explain the methods and make recommendations for improvement and Be realistic and consider if and how the difficult economy is impacting your employer

  Define what needs to be done to manage risk on a project

Define what needs to be done to manage risk on a project. When must this be done? How can risk assessment matrix aid in this process?

  As a project manager in charge of a software development

As a Project Manager in charge of a software development team what method of organizational structure do you recommend to work within to attain the most effective

  Intercultural management and reward systems

International businesses adopt technology to enhance effectiveness and why is leadership in a digital world more challenging for managers

  Training and development case studyyou are an io consultant

training and development case studyyou are an io consultant hired by a large credit card call center. there have been

  Explain about risk management1 what are the physical and

explain about risk management1. what are the physical and environmental challenges to entering and operating in

  Contingent workers and core employeesshow some of the

contingent workers and core employeesshow some of the problems that companies are likely to face when both contingent

  Analyzing added value of visionary leader

Analyze the added value of this visionary leader brings to the organization based upon your research.

  Steve jobs leadership

How has Apple Computers, under Steve Jobs' leadership, managed to become a major world company, since 1997 (10 years)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd