Using the business idea identified in the Business Proposal, students are required to research and prepare a formal business plan using the following template.
Completion of this assessment will require you to:
Prepare a Financial & Operations Plan
1.Estimate revenue relevant to your proposed business idea
2.Estimate expenditure relevant and appropriate to your business idea
3.Estimate business start up costs
4.Develop statements of personal and financial position
5.Complete cash flow statements and projections
6.Determine business start up costs
7.Develop and interpret profit and loss statements
8.Use financial reporting templates (Excel)
9.Implement management structure and strategies to operate an efficient and effective business
The business is drop shipping online store
Sample Solution