Write a report describing your business plan for a fictitious business of your choosing.
Write a report describing your business plan for a fictitious business of your choosing. Consider the show “Shark Tank” where entrepreneurs describe their business plans to potential investors, and the investors decide which to invest in based on the thoroughness and reasonableness of the business plan. A large portion of these business plans are based on managerial accounting concepts. Your report should be thorough and reasonable.
Tables and Images are included in the page count and can be a different font, but must be reasonable. For example, having a single image entirely cover one page is not reasonable. Having a table on half of the page and a description on the remaining half is reasonable
Items to Include: While a great report will include more items, at a minimum you must include:
-The name of your business
-Describe what your business sells, either a product or a service
-A master budget**
-Break-even Analysis
-5 years of forecasted income statements
A large portion of these business plans are based on managerial accounting concepts. Your report should be thorough and reasonable.
Tables and Images are included in the page count and can be a different font, but must be reasonable. For example, having a single image entirely cover one page is not reasonable. Having a table on half of the page and a description on the remaining half is reasonable
Items to Include: While a great report will include more items, at a minimum you must include:
-The name of your business
-Describe what your business sells, either a product or a service
-A master budget**
-Break-even Analysis
-5 years of forecasted income statements
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