Discuss how specific marketing promotions will help

Assignment Help Finance Basics
Reference no: EM131987387

The Final Paper is for you to culminate the learning achieved in the course by demonstrating your understanding and application of knowledge in the field of sport finance.

In this assignment, you will create a condensed business plan for purchasing and operating a professional sports team. This is a hypothetical sports team and you may make assumptions to support your key points.

Include the following elements in your condensed business plan:

Overview: Introduce the business plan for purchasing and operating a professional sports team, and provide a thesis statement for your business plan.

Marketing: Discuss how specific marketing promotions will help drive revenue and profitability for your sports organization. Consider trends, market strategy, pricing, sponsorships, advertising, and revenue generation sources, etc.

Tax and Legal Issues: Discuss at least one tax and one legal issue you may face in the purchase or operation of your sports business.

Financial Plan: Develop pro-forma financial statements (5 years) for your sports business. Include:

An income statement on a monthly basis for year 1, a quarterly basis for year 2, and an annual basis for years 3, 4, and 5.

A balance sheet on a monthly basis for year 1, a quarterly basis for year 2, and an annual basis for years 3, 4, and 5.

A statement of cash flows on a monthly basis for year 1, a quarterly basis for year 2, and an annual basis for years 3, 4, and 5.

Important Note: Use a spreadsheet program such as Excel to create the financial statements. Then, embed the statements by copying/pasting them into the final Word document.

Financial Plan Assumptions: For all financial statements, include a list of key assumptions that drive your financial plan.

Financial Analysis: Describe three financial metrics or ratios that you will use to analyze the health of your business.

Financial Risks: Describe three potential financial risks for your sports business.

Mitigate Risks: Describe possible ways to mitigate each of the risks listed above.

Investor Return on Investment: Describe what you will offer potential investors in order to seek funding for your business. Consider types of ownership, stocks, dividends, interest payments, royalty fees, merchandise profit sharing, perks, etc.

Exit Strategy: Describe your exit strategy assuming you are ready to sell the sports business in 10 years.

The Final Paper

Must be eight double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.)Links to an external site..
Must begin with an introductory paragraph that has a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must end with a conclusion that reaffirms your thesis.
Must use at least five scholarly sources, in addition to the textbook.
Must document all sources in APA style.
Must include a separate reference page, formatted according to the APA Style.

Verified Expert

The Eastern Conference of the NBA League thought of an idea to start off a new club in its south-east division ‘Washington Whizzers’. The club plans to earn a handsome rate of return of around 20-25% in a year for the next 5 years, given a certain set of assumptions and forecasts made by the club holds true.The club plans to build a fan base by advertising itself through various ways such as bill boards, digital media, hiring big star names for the advertisement of the club, etc. The club also plans to not only prosper financially, but also believes in the growth of its surroundings, i.e., it plans to help the people and the environment in which it is operating, thereby serving its fans as well.

Reference no: EM131987387

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Reviews

urv1987387

12/8/2018 2:04:56 AM

Use a spreadsheet program such as Excel to create the financial statements. Then, embed the statements by copying/pasting them into the final Word document. Basketball is my preference. create the financials on excel sheet and then paste in the document. Required Words/pages:- 2400 Words apart form references. I am dazzled by the reaction and professionalism revealed by the Customer Relationship Managers allied to this organisation. The staff was attentive enough to regress on time and always make it a priority that I had received the best support whenever needed.

len1987387

5/18/2018 3:35:41 AM

Written Communication: Resource Requirement Total: 0.75 Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment. Proficient - Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment. Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly. Below Expectations - Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly. Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

len1987387

5/18/2018 3:35:35 AM

Written Communication: Page Requirement Total: 0.75 Distinguished - The length of the paper is equivalent to the required number of correctly formatted pages. Proficient - The length of the paper is nearly equivalent to the required number of correctly formatted pages. Basic - The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages. Below Expectations - The length of the paper is equivalent to at least one half of the required number of correctly formatted pages. Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

len1987387

5/18/2018 3:35:29 AM

Written Communication: APA Formatting Total: 1.50 Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page. Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors. Basic - Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements. Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA. Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

len1987387

5/18/2018 3:35:23 AM

Written Communication: Control of Syntax and Mechanics Total: 3.00 Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand. Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand. Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader. Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader. Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

len1987387

5/18/2018 3:35:15 AM

Critical Thinking: Explanation of Issues Total: 1.00 Distinguished - Clearly and comprehensively explains the issue to be considered, delivering all relevant information necessary for a full understanding. Proficient - Clearly explains the issue to be considered, delivering enough relevant information for an adequate understanding. Basic - Briefly explains the issue to be considered, delivering minimal information for a basic understanding. Below Expectations - Briefly explains the issue to be considered, but may not deliver additional information necessary for a basic understanding. Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

len1987387

5/18/2018 3:35:08 AM

Conclusion Total: 2.00 Distinguished - Conclusion thoroughly summarizes the content discussed and reiterates and supports the thesis statement fully. Proficient - Conclusion summarizes the content discussed and reiterates and supports the thesis statement. Minor details are missing. Basic - Conclusion partially summarizes the content discussed and somewhat reiterates and supports the thesis statement. Relevant details are missing. Below Expectations - Conclusion attempts to summarize the content discussed and reiterate and support the thesis statement, but significant details are missing. Non-Performance - The conclusion is either nonexistent or lacks the components described in the assignment instructions.

len1987387

5/18/2018 3:35:02 AM

Describes the Exit Strategy Assuming Sale of the Sports Business in 10 Years Total: 3.00 Distinguished - Presents a thorough description of the exit strategy assuming sale of the sports business in 10 years. Proficient - Presents a description of the exit strategy assuming sale of the sports business in 10 years. Minor details are missing. Basic - Presents a partial description of the exit strategy assuming sale of the sports business in 10 years. Relevant details are missing. Below Expectations - Attempts to present a description of the exit strategy assuming sale of the sports business in 10 years, but significant details are missing. Non-Performance - The exit strategy is either nonexistent or lacks the components described in the assignment instructions.

len1987387

5/18/2018 3:34:51 AM

Basic - Partially describes what will be offered to potential investors in order to seek funding for business. Somewhat considers types of ownership, stocks, dividends, interest payments, royalty fees, merchandise profit sharing, perks, etc. Minimal supporting documentation is included and the description is underdeveloped. Below Expectations - Attempts to describe what will be offered to potential investors in order to seek funding for business; however, does not consider types of ownership, stocks, dividends, interest payments, royalty fees, merchandise profit sharing, perks, etc., does not include supporting documentation, and/or the description is significantly underdeveloped. Non-Performance - The incentive plan is either nonexistent or lacks the components described in the assignment instructions.

len1987387

5/18/2018 3:34:43 AM

Describes What Will Be Offered to Potential Investors in Order to Seek Funding for the Business Total: 4.00 Distinguished - Thoroughly describes what will be offered to potential investors in order to seek funding for business. Fully considers types of ownership, stocks, dividends, interest payments, royalty fees, merchandise profit sharing, perks, etc. All supporting documentation is included. Proficient - Describes what will be offered to potential investors in order to seek funding for business. Considers types of ownership, stocks, dividends, interest payments, royalty fees, merchandise profit sharing, perks, etc. All supporting documentation is included, but the description is slightly underdeveloped.

len1987387

5/18/2018 3:34:34 AM

Basic - Describes three financial metrics or ratios used to analyze the health of the business, three financial risks the business may face, and the possible methods to mitigate these risks. At least one of these descriptions is underdeveloped. Below Expectations - Attempts to describe three financial metrics or ratios used to analyze the health of the business, three financial risks the business may face, and the possible methods to mitigate these risks; however, the descriptions are significantly underdeveloped. Non-Performance - The descriptions of three financial metrics or ratios used to analyze the health of the business, three financial risks the business may face, and the possible methods to mitigate these risks are either nonexistent or lack the components described in the assignment instructions.

len1987387

5/18/2018 3:34:28 AM

Describes Three Financial Metrics or Ratios Used to Analyze the Health of the Business and Three Potential Financial Risks the Business May Face and Describes Possible Methods to Mitigate These Risks Total: 4.00 Distinguished - Thoroughly describes three financial metrics or ratios used to analyze the health of the business, three financial risks the business may face, and the possible methods to mitigate these risks. Proficient - Describes three financial metrics or ratios used to analyze the health of the business, three financial risks the business may face, and the possible methods to mitigate these risks. One of these descriptions is slightly underdeveloped.

len1987387

5/18/2018 3:34:17 AM

Develops Five Years of Pro-Forma Financial Statements Including Key Assumptions Used to Drive the Financial Plan Total: 4.00 Distinguished - Develops comprehensive financial reports including well developed key assumptions. All supporting documentation is included. Proficient - Develops financial reports including well developed key assumptions. All supporting documentation is included, but the financial reports are slightly underdeveloped. Basic - Develops financial reports including partial key assumptions. Supporting documentation is minimally included and the financial reports are underdeveloped. Below Expectations - Attempts to develop financial reports and include key assumptions; however, supporting documentation is not included and the financial reports are significantly underdeveloped. Non-Performance - The financial statements and assumptions are either nonexistent or lack the components described in the assignment instructions.

len1987387

5/18/2018 3:34:05 AM

Discusses at Least One Tax and One Legal Issue That Will Be Faced in the Purchase or Operation of the Sports Business Total: 4.00 Distinguished - Thoroughly and accurately discusses at least one tax and one legal issue that will be faced in the purchase or operation of the sports business. Proficient - Accurately discusses at least one tax and one legal issue that will be faced in the purchase or operation of the sports business. Minor details are missing. Basic - Partially discusses at least one tax and one legal issue that will be faced in the purchase or operation of the sports business. Relevant details are missing and/or inaccurate. Below Expectations - Attempts to discuss at least one tax and one legal issue that will be faced in the purchase or operation of the sports business, but significant details are missing and/or inaccurate. Non-Performance - The discussion of at least one tax and one legal issue is either nonexistent or lacks the components described in the assignment instructions.

len1987387

5/18/2018 3:33:55 AM

Discusses How Specific Marketing Promotions Will Help Drive Revenue and Profitability for the Sports Organization Total: 4.00 Distinguished - Thoroughly discusses how specific marketing promotions will help drive revenue and profitability for the sports organization. Fully considers trends, market strategy, pricing, sponsorships, advertising, and revenue generation sources, etc. Proficient - Discusses how specific marketing promotions will help drive revenue and profitability for the sports organization. Considers trends, market strategy, pricing, sponsorships, advertising, and revenue generation sources, etc. Minor details are missing. Basic - Discusses how marketing promotions will help drive revenue and profitability for the sports organization and somewhat considers trends, market strategy, pricing, sponsorships, advertising, and revenue generation sources, etc. Relevant details are missing. Below Expectations - Attempts to discuss how marketing promotions will help drive revenue and profitability for the sports organization. and significant details are missing.

len1987387

5/18/2018 3:33:00 AM

Overview - Introduces the Business Plan for Purchasing and Operating a Professional Sports Team, and Provides a Thesis Statement for the Work Total: 2.00 Distinguished - Thoroughly introduces the business plan for purchasing and operating a professional sports team and provides a succinct thesis statement for the work. Proficient - Introduces the business plan for purchasing and operating a professional sports team and provides a thesis statement for the work. Thesis statement or introduction is missing some components. Basic - Introduces the business plan for purchasing and operating a professional sports team and provides a vague thesis statement for the work. Thesis statement and/or introduction are missing several components. Below Expectations - Attempts to introduce the business plan for purchasing and operating a professional sports team and provides a thesis statement for the work; however, the thesis statement and the introduction are missing many components. Non-Performance - The introduction and thesis statement are either nonexistent or lack the components described in the assignment instructions.

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