Graded Homework

Part 1. Due by Sunday, 11:59 pm.

I.Feasibility Study.

According to the research, a number of critical factors are important for a new venture’s success and must be assessed in a systematic way prior to investing additional time and one’s other resources. Those factors are summarized in “Exhibit 4.2, The Feasibility Study Outline” in the textbook, pages 93-96 and in the Appendix, Sample Feasibility Study, pages 95-98. Your feasibility study assignment will consist of four (4) written parts designed to assess the initial financial viability of your business concept. Each written component should be two pages in length and single spaced. The page limitation is designed to encourage you be brief but specific. Part four will require the completion of two spreadsheets that will be linked or attached to that assignment.

The feasibility analysis is a prelude to writing a business plan, which is more detailed and thoroughly researched and is required if a bank loan or investment funds are being sought. The purpose of the feasibility study is to assess whether or not a good idea represents a profitable business opportunity and is designed to gain sufficient information and data to provide you with a a “go or no-go” decision in moving forward in completing a full business plan.

For each assignment, please include the Part number, e.g. Part 1, Part 2, etc.; and please include the title of each lettered subsection in each assignment, e.g. a. b. c. etc. Also make certain that your name is on the top of the pageand that your electronic submission includes your name at the beginning of the submission title e.g. Smith, J. Part 1. For your convenience, I have also included text page numbers discussing the various feasibility topics. The assignments are as follows:

Assignment 1.

Part 1. The Description of your Business Concept (2 pages single-spaced, please include subheadings) 10%.

1. Describe your product or service in a paragraph or two. Ref. pages 274-279.
2. Present the Mission of your business, e.g. fundamental reason for being; and a Vision statement, what you hope your business will become.
3. Describe the features or cost benefits of your product or service. Ref. pages 188-197.
4. Describe the value benefits of your product or service. E.g. why would someone pay for or buy your product/service over your competitors. Ref. pages 188-197
5. Will your business be 1) an online business; 2) an on-ground business; or, 3) a combination of both? Explain.
6. Provide the six-digit NAICS (North American Industrial Classification System) number for your business. NAICS numbers may be found at the following site: http://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2012

Locate the “keyword box” in the upper left hand corner and enter a keyword describing your business, e.g. health food, pet products and this will lead you to your NAICS number.

Part 3.Due by Sunday, 11:59 pm.

Part 3. Management and Operations (2 pages single-spaced, please include subheadings) 10%.

1. Describe who will be the CEO and his/her qualifications/experiences in the product/service industry, including both education and work and other relevant experiences.
2. Describe briefly how you will distribute your product or service. Ref. pages 348-358
3. Describe how many employees you will need at startup, their particular expertise (e.g. marketing, financial, operations, etc.), and how they will be paid.
4. Describe what types of external advisors you will need and how they will be paid (e.g. lawyer, accountant, etc.)
5. Describe the legal organization of your business (e.g. sole proprietor, LLC, Partnership, C Corporation, S Corporation) and reasons for selecting this legal organization form. Ref. page 600, Table 18.5.
6. Describe unpaid advisors who will assist you during startup and 3 years thereafter.

Part 4. Due by Sunday, 11:59pm.

Part 4. Financial Analysis and Requirements (3 pages single-spaced plus spreadsheets, please include subheading.Please include a link to your spreadsheet or include as attachments to part 4 document. Thank you!)

1. Describe your pricing strategy for your product/service. Ref. Table 9.1 page 295.
2. Describe the amount of startup funds you will need, where you will get them, and how they will be used.
3. List 3-5 assumptions governing your cash flow projections. For a startup, assumptions are your “best educated guesses” regarding goals such as how many units you will sell and why, or what your cash flow will be at the end of each month and why, etc. will you pay yourself, what will you pay your employees, will you use full or part-time employees, what services will you outsource or contract out, etc.
4. Complete your startup sources and uses of funds using the “Opening Day Balance Sheet”(third bullet point under “Finance Templates”) on the following website:

http://www.score.org/resources/business-plans-financial-statements-template-gallery(see notes below).

1. Develop a one-year projected (pro forma) cash flow statement using the Cash Flow Statement (12 months)at the (eighth bullet point under “Finance Templates) on the following website:

http://www.score.org/resources/business-plans-financial-statements-template-gallery (see notes below).

Notes:

Financial Worksheets on the SCORE website:

The SCORE Opening Day Balance Sheet and Cash Flow Statement (12 months) worksheets are “live” excel worksheets and all you need to do is to (1) read the introductory information, (2) enter your company name and (3) complete the spreadsheets indicated. Once you get into the website, under “Finance Templates” click the third bullet for the Opening Day Balance Sheetand click on the eighth bullet for the Cash Flow Statement (12 months). Make certain that you have a full page view in order to see the full page. These worksheets are active and include appropriate formulae. You just need to insert your projected numbers. When you click on the worksheet tabs, go to the “review” panel in excel and “unprotect” the worksheets. This will give you working access and then you will be able to save your completed worksheet as your own in your files.

Opening Day Balance Sheet (or Sources and Uses of Funds)

The Balance Sheet is a snapshot of your financials at a given point in time. In this case, it will on the first day of start-up, representing your pro forma projections of how much you will need to start your business and where the funds will come from. The Balance Sheet is a statement of an owner’s assets, liabilities, and equity and should balance; that is, assets must equal liabilities plusthe owner’s equity. This balance sheet is active as well, and your assets, liabilities, and equity should be based on your best case projections and subsequently are reflected in your Cash Flow Statement worksheet. You just need to insert your numbers and, as above, you don’t have to use all items, if not appropriate to your business.

Cash Flow Statement (12 months)

The Cash Flow Statement worksheet projects your business’ cash inflows and outflows over a given period of time (in this case, one year, Jan. 1, 20xx to December 31, 20xx) and should reflect your assumptions for growth during that time period. Please indicate your assumptions in an attachment to the worksheets. Along with your assumptions, include when you project your breakeven point to be; that is, the time period after which you project a profit (and how you calculated your breakeven point). You do not have to use all items listed in spreadsheet. Use only those items that may be appropriate to your business.

Note: I am providing these SCORE “Business Plans & Financial Templates for your convenience. You can create your own excel spreadsheets or find and use other similar templates.

Post MGT211 Final Examination assignment latest 2016 august

This final examination is comprehensive based on the Red Jett Sweets, Inc. business plan and is to be completed using the essay format. It is worth 30% of your final grade. The final is due by Sunday at midnight EST.

Good Luck!