Reference no: EM133467587
Homework: The Basics of a Start-Up
Overview
This homework investigates the financial needs of your business venture from the first homework, Your Business Venture.
Task
Write a 2 to 3 pages paper in which you:
Question A. Outline the financial start-up needs for this business. Consider such items as cash, equipment, space lease or purchase, raw materials, and labor costs. Provide a rationale for your estimates.
Question a. This is only a preliminary list. As you progress in the course, this outline will be fine-tuned.
Question B. Once you have estimated the start-up needs for this business, determine the best financing options to obtain the needed capital and how you would approach securing this type of financing. Justify your selection.
Question C. Evaluate the two most important financial ratios that you will use to track the health of the business and explain how each would provide insight to the business performance. Provide a rationale with your response.
The specific course learning outcome associated with this homework is:
A. Determine financial start-up needs for a business, options and approaches for securing financing, and financial ratios for tracking business performance.
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