The Basics of a Start-Up
This assignment investigates the financial needs of your business venture from the first assignment, Your Business Venture.
Write a 2-3 page paper in which you:
Outline the financial start-up needs for this business. Consider such items as cash, equipment, space lease or purchase, raw materials, and labor costs. Provide a rationale for your estimates.
This is only a preliminary list. As you progress in the course, this outline will be fine-tuned.
Once you have estimated the start-up needs for this business, determine the best financing options to obtain the needed capital and how you would approach securing this type of financing. Justify your selection.
Evaluate the two most important financial ratios that you will use to track the health of the business and explain how each would provide insight to the business performance. Provide a rationale with your response.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Determine financial start-up needs for a business, options and approaches for securing financing, and financial ratios for tracking business performance.