Reference no: EM133489473

Question: Create a new venture financial plan that has two parts: 1) an Excel spreadsheet with estimates for the financial information, and 2) a written document with a summary of key financial information.

Case Study: This assessment examines crafting a business plan, building a strategic plan, identifying sources of financing, creating a financial plan, and managing cash flow. You will create a financial requirement plan that estimates all the financial information related to starting the new venture and operating it for the first 12 months. Your financial plan will include a spreadsheet with estimated financial information for your new venture and a summary of the key financial information for your new venture.

A well thought out and fact-based business plan increases the likelihood of success for your new venture. A business plan is a written summary of your proposed new venture that includes operational and financial details, marketing opportunities and strategy, and the needed skills and ability of its management (Scarborough & Cornwall, 2019). The plan also identifies the required sources of financing and reviews how debt and equity will be managed. The financial plan is a tool used to identify and estimate the initial investment required to get your new venture up and running as well as the monthly operating expenses and revenues required to break even and achieve profitability in the first 12 months. Finally, cash management involves forecasting, collecting, disbursing, and investing the cash your new venture will need to operate.