Description
Your team of five student are planning to start up your own business venture, making and marketing a single product using at least two types of both materials & labour; however, as you only have £100,000 in cash personally to use towards this, you will need to prepare a summary business plan and supporting budgets in order to raise the additional finance required to meet your budgeted operations. You may assume that you can apply for the funds needed from a bank at their prevailing market interest rate.
A major task involves drawing up the following budgets for one year to resource your proposed activities and to persuade potential lenders to contribute finance to your business venture:
1. PROPOSAL
2. Table of Assumptions based on GAAP, research & business acumen
3. Budgeted Contribution Statement, Total contribution & C/S ratio
4. Capital Expenditure (Fixed Assets) Budget
Last Completed Projects
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