Development of a business plan for a new business

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Reference no: EM131036233

1. Assignment brief

2. Assignment guidelines

3. Past Assignments for reference(not the same)

4. Referencing guidelines which are to be strictly followed.

Please note that I require this assignment in 2 parts - business plan and spreadsheet. It is a 3000 words assignment.

Looking forward to your quick response.

Finance and Entrepreneurship Coursework Assignment

This assignment relates to the development of a business plan for a new business within the Fashion Industry. A business plan is very important to the development of any business or entrepreneurial opportunity. Your plan should cover all the major decision areas but the emphasis will be on the financial projections.

You are planning to set up your own small business but you only have £50,000 in cash to use as start-up capital. You will need to prepare a business plan in order to raise the additional finance that will be required to meet your budgeted operations. You may assume that you can borrow what you need from your bank at a given rate of interest.

Part of your business plan involves financial projections which will require you to draw up some 12-monthly budgets over a two year period to underpin your proposed business activity and to persuade your bank manager to lend you the required funds.

The report should contain appropriate analysis, arguments and conclusions and should have a length of 3,000 words excluding appendices graphs, data charts:

In your report you need to address the following issues:

1. Abbreviated executive summary

2. Value proposition

3. Market analysis

4. Industry analysis

5. Development strategy

6. Financial projections

The financial projections should be for the first two years and cover the following areas:

i. Table of Assumptions

ii. Capital Expenditure (Fixed Assets) Budget

iii. Sales Budget

iv. Production Budget

v. Labour Budget

vi. Purchases Budget

vii. Cash Budget

viii. Budgeted Income Statement (Profit & Loss Account )

ix. Budgeted Balance Sheet

x. Break-Even calculations

xi. Margin of Safety calculations

xii. Appropriate ratio analysis and comparison

You are expected to make use of academic sources available in the University libraries and its online resources including books and journal articles to address each assignment questions thoroughly.

You are expected to conduct both primary research and secondary research making use of sources available in the University libraries and its online resources.

Coursework report

The coursework assessment component of the module will involve the production of a business plan for a proposed new fashion business focusing mainly on the financial aspects. The coursework will require the students to prepare budgeted financial statements and will also require a critical analysis of those statements using appropriate tools to convince a funder. The work will be presented in a manner that can demonstrate the student's ability to produce appropriately justified and referenced work, in a concise, effective and professional manner with a word count of no more than 3000 words. The appendices, which will not be part of the word count, may only contain financial statements.

Executive summary

Value proposition

Industry analysis

Market analysis

Development strategy

Financial statements and projections

Recommended readings

The course text book

Atrill, P and McLaney, E. Accounting and Finance: An Introduction. Pearson 7th Edition 2014

You will need to refer to this book regularly, and should read the recommended chapters prior to class - to allow us to engage in an informed debate on the key issues.

Alternative and supplementary books

Additional recommended texts:

Allen, D. (2015). Getting Things Done: The Art of Stress-Free Productivity (2 ed.). Penguin Books

DeMers, J. (2015) https://www.entrepreneur.com/author/jayson-demers (accessed December 31, 2015)

Jayson DeMers - Articles, Businesses and Biography
www.entrepreneur.com
The latest articles written by Jayson DeMers you will find only on Entrepreneur.com

Savasrathy, S.D. (2008) Effectuation, Elements of Entrepreneurial Expertise, Edward Elgar Publishing, Massachusetts

Wilkinson, A. (2015) The Creator's Code: 6 Essential Skills of Extraordinary Entrepreneurs, Simon & Schuster, New York

Journals

As Masters' students you should be familiarizing yourself with our library's on-line databases of full text articles and regularly using what is, in fact, a fantastic resource.

You might want to start by using FACTIVA to search for press cuttings about the industry, and FAME will provide you with the financial analysis of existing companies that you may need. You will also find useful material in The Economist and The Financial Times

You might want to form a reading rota within your assignment group. All of you should read the core text but, for the other books and sources, you might want to divide the reading up between you and feed back to each of your colleagues in the group the important points that you have distilled from your research. This means that you will, collectively, digest more material, but will also help learning set cohesion. Please remember that entrepreneurs are not islands and they do leverage their networks and the resources therein.

Attachment:- Roses and Stars Complete Budgets.rar

Reference no: EM131036233

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