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3 pages/β‰ˆ825 words
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APA
Subject:
Business & Marketing
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Essay
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English (U.S.)
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Assignment 4: Supply Chain Management and Financial Plan

Essay Instructions:

Assignment 4: Supply Chain Management and Financial Plan
"One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan." (Scarborough & Cornwall, 2015, p. 454).
With this assignment, you are creating two important elements of a financial plan: an Income Statement and Balance Sheet. You also are preparing an outline of a presentation of your business plan to potential investors or lenders.
Using the business you created from Assignments 2 and 3, write a three to four (3-4) page paper in which you:
Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of operation, using income projections and incorporating an advertising plan.
Outline a plan for hiring and retaining competent, motivated employees for your business.
Prepare an outline for a "pitch," i.e., a short 20-30 minute business plan presentation that will be made to lenders or investors.
Include at least two (2) references outside the textbook.
Your assignment must follow these formatting requirements:
This course requires use of Strayer Writing Standards (SWS). The format may be different than other Strayer University courses. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards left menu link).
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Analyze the key financial management considerations in operating a small business, including sources of financing.
Determine the various control and support functions needed to manage a small business.
Use technology and information resources to research issues in small business management.
Write clearly and concisely about small business management using proper writing mechanics.

Essay Sample Content Preview:

Assignment 4: Supply Chain Management and Financial Plan
Name
Professor’s name
Course
Date
Pro forma (projected) income statement and balance sheet

Income Statement


Year 1

Year 2

Sales revenue

700,000

800,000

Cost of Sales

120,000

150,000

Gross profit

580,000

650,000




Other revenues

50,000

60,000

Total revenue

630,000

710,000

Expenses



General & Administrative

10,000

12,000

Sales, advertising and marketing

40,000

50,000

Depreciation



Rent

30,000

30,000

Electricity

4,000

4,000

Telephone and Internet

5,000

6,000

Insurance cover

15,000

15,000

Accounting services

10,000

12,500

Salaries

250,000

250,000

Taxes

60,000

80,000

Net Profit

256,000

312,500

Projected balance sheet

Year 1

Year 2

Assets



Current assets



Cash

450,000

500,000

Account receivables

30,000

60,000

Other current assets

4000

4500

TOTAL CURRENT ASSETS

484,000

564,500

Long-term Assets

70,000

70,000

Accumulated Depreciation



TOTAL LONG-TERM ASSETS

70,000

70,000

Total assets

554,000

634,500

Liabilities and capital



Current liabilities



Accounts payable

30,000

40,000

Current borrowing

50,000

53,500

Other current liabilities

68,000

78,000

TOTAL CURRENT LIABILITIES

148,000

171,500

Long-term borrowing

80,000

80,000

TOTAL LIABILITIES

228,000

251,500

Capital

70,000

70,000

Retained earnings



Earnings

256,000

312,500

TOTAL CAPITAL

326,000

382,500

TOTAL LIABILITIES AND CAPITAL

554,000

634,000

Plan for hiring and retaining competent, motivated employees for the business
To hire competent and motivated employees it is important to first identify the job requirements and description. This extends to identifying the tasks and responsibilities of the jobs and positions, the job description, its attributes, limitations, requirements of the person...
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