Financial plan

Assignment Content: Let me know if my suggested business doesn’t work for you. Thanks.

Prepare a financial plan for the company you select for your business plan, this should be a company that you start versus an existing publicly traded company. This financial plan will be included in your final business plan in your capstone course. Be creative and think about a franchise or business that you have always wanted to create.

Describe the business that you would like to start, including the type of business (what industry, product offering, etc). “Can you do a Wellness Coffee Shop Business? This coffee shop will have a mini library where people can rent comic books to read while having coffee and desserts. The shop will also have some cubicles/lounges for quiet read/work that they can use for free for the first hour but pay a fee per hour after that if they wish to stay longer. Services includes therapy dogs or cats for them to pet while they sit and relax; pay a fee to be seated in a lounge area surrounded by aquariums; pay a fee to be in a garden lounge area. Thanks”

Create the business case, which is your justification of why the business is needed in the market. “This business will be very popular in Las Vegas where most people want to try out new things. With all the things that have been going on due to the pandemic, people would want a place to de-stress alone or with a group. Themed cubicles and lounge areas will provide different types of services to meet different needs. The cubicles will have free wifi and sound proofed for those who wants peace and work quietly.”

Determine why funding is needed for the company.
Determine the sources of funding. Consider self-funding, borrowing, equity, venture capital, etc.
Evaluate the requirements of each funding source you determined appropriate.
Analyze the associated risks of 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. Consider creating a table or chart to display this information.

Create a profit-and-loss statement for a 3-year period. Project revenue, stating realistic assumptions, such as growth per year, in your projections. You will have to develop these numbers and provide details.

Estimate direct costs, including capital, marketing, labor, and supply costs, which should be included in your P&L statements for all 3 years.

Cite references to support your assignment, avoid copying information from outside sources such as financial statements, illustrations, charts, or graphs. In addition, avoid using Investopedia.

Format your citations and submission according to APA guidelines using Word or PowerPoint.

Submit your assignment.

Save a copy of your assignment in the Business Plan folder of your OneDrive account.