Business Simulation

Business Simulation Order Description To complete this assignment you will need to: Set up a run a business using ((SimVenture software)) for 12 Months. You initial capital is to be £25000 of your own money. The Sim Venture settings are: Difficulty Level = Moderate; Owner = New Starter. You will be required to prepare a 12 month business review which includes the following: ( 3 Sections ) (1) Business background section : • Introduction • Chairman’s statement • Overview of product/service, and a review of potential changes to be made • A review of the relationship between the business and its stakeholder groups. (2) Financials Section : • 12 month Income statement • Balance sheet as at the end of the year • Cash flow statement, • Budgets as appropriate including project capital budgets • Appropriate financial ratios, and an assessment of their value (3) Future developments : • Sources of finance actual and potential statement, • Company mission statements k2The review is to be accompanied with appendices, which show • Monthly production sales and profit figures [for 12 months] • Monthly cash flows into and out of the business [for 12 months] • Capital/loan requirements and timing • Marketing/product/ customer analysis. Note this is your analysis based on any research carried out by you or on