15 Aug business
Review the narrative for Voluntrip as well as the overview on how to prepare requisite financial projections, and the section on what to include in the Executive Summary for the plan. Then, work with your team to develop the following:
- A financial strategy that identifies how capital (investments in buildings, equipment, and other resources) will be acquired for the business. Your strategy should include a rationale that articulates the amount the owners will invest from personal savings and the amount of external financing needed along with the sources of the external funding and a timeframe for repayment.
- A projected income statement
- An Executive Summary of all other components the team has compiled for this project
The Executive Summary is the most important part of a business plan. Your team should work together to prepare a clear and concise overview of all of the key points and components of the plan that you have prepared. Because Voluntrip is a start-up business one of the main goals of the business plan is to convince banks, investors, or venture capitalists to help provide start-up capital in the form of debt or equity financing. Be sure to you APA formatting, include a cover page and reference page and include citations within the body of your text for any outside resources that you have leveraged to develop your final submission.
