Reference no: EM133272045
Assignment:
For the discussion this week, you are going to present a summary of your work with the financial projections for your business idea, along with the required interview. For a firearm business.
Part One: Please provide a summary of your interview with a local banker. If you have an interview scheduled later in the week, you can post the following sections first, and then post an update to your initial discussion response with an interview summary.
Part Two: Please review the following resources. These resources are easy to review and will not require a significant investment of time to examine.
Writing the Business Plan: The Financial Plan: The Financial Plan Section of the Business Plan By Susan Ward, February 1, 2018
How to Write the Financial Section of a Business Plan By Elizabeth Wasserman from Inc. Magazine
Calculate Your Startup Costs from the U.S. Small Business Administration
Part Three: Please provide a summary of the following in your discussion response this week:
Summarize your ability to complete financial projections. Will you need assistance and if so, how would you obtain assistance?
What financial projections are you going to attempt to complete for your course project business plan?
How are you going to estimate your finances?
Have you considered how you will finance your business? Are you going to seek investors?
Do you foresee or project the business as being profitable in one, two years, three years, or longer? What are your projections?