Please respond to the following:
An important step in developing a projected (pro forma) income statement is to create a sales forecast and calculate anticipated revenue for the business. Imagine you are creating a business; develop a sales forecast and estimate revenue for the first year of operation and describe the process you used to arrive at your estimates.
Please respond to the following:
Using the Internet or Strayer databases, examine two sources of outside equity capital available to entrepreneurs. Next, describe the source(s) you would use if you were creating a new company. Explain your rationale.
Please respond to the following:
You want to adopt a program to improve quality and efficiency within a company. Analyze four quality-control tools (Lean principles, 5S principles, Six Sigma, and Total Quality Management). Next, discuss which tool you would select to implement at a business. Justify your response.
Supply Chain Management and Financial Plan
Introduction
“One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan.” (Scarborough & Cornwall, 2015, p. 454).
Overview
With this assignment, you are creating two important elements of a financial plan: an Income Statement and Balance Sheet. You also are preparing an outline of a presentation of your business plan to potential investors or lenders.
Instructions
Using the same company from your previous assignments, write a 3–4 page paper in which you:
Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of operation, using income projections and incorporating an advertising plan.
Outline a plan for hiring and retaining competent, motivated employees for your business.
Prepare an outline for a “pitch,” i.e., a short 20–30 minute business plan presentation that will be made to lenders or investors.
Include at least two references outside the textbook.
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