GOAL: Before you leave today you will have the opportunity to learn about the following areas of your business:

  • Forecast
  • Financing
  • Statements

RIGHT NOW:

  1. Competitive Analysis
  2. Industry Analysis
  3. Read: How to Calculate Your Start Up Costs. Use this as a resource: Joe’s Pizza Start Up Costs
  4. Read: How to Fund Your Business.
  5. Go to your LivePlan and login
  6. Click the PLAN tab
  7. Click VIEW & EDIT
  8. On the left, click on FINANCIAL PLAN. Work on completing the following sections today:
    1. Forecast
      1. Key Assumptions
      2. Revenue By Month
      3. Expenses By Month
      4. Net Profit (or Loss) By Year
    2. Financing
      1. Use of Funds
      2. Sources of Funds
    3. Financial Statements
      1. Projected Profit & Loss
      2. Projected Balance Sheet
      3. Projected Cash Flow Statement
  9. Click SCHEDULE & make a schedule for getting your business plan completed. We still need to complete the following section on the left of your screen:
    1. Executive Summary
  10. Get with your partner: VIRTUAL BUSINESS CHALLENGE–LOG IN HERE