Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Research Expert

Financial Forecasting

My business for this assignment is to open my own Photography Business specializing in newborn photography

Financial forecasting is important because it adds discipline to the way an entrepreneur thinks about the venture. Forecasting helps determine cash needs and timing of these needs. It also helps the value of the venture. Thus, the financial forecasting is critical to the success of your business plan.

The cash flow forecast is arguably the most important part of the plan, but each of the other documents is important from a planning perspective. There are three sections in a financial plan i) the Starting Balance Sheet, ii) the Pro-Forma (or Forecast) Income Statement, and iii) the Cash Flow Forecast.

Submit a two to three pages paper describeing your approach and the steps you have taken in order to build the forecast of the short, medium, and long term financing needs.

1) What might the sources of financing of your chosen plan be? Please describe.

In the course of preparing your paper, you will probably want to think about, among other things, the points such as:

-Sources of financing (e.g., angel financing)

-Preparing pro-forma financial statements for lenders (e.g., Balance Sheet and Income Statement)

-Describe methods of forecasting the future financial needs of the enterprise

-Evaluate a set of assumptions regarding investment required, projected sales, profit margins and credit on the financial projections of a business firm

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M925685

Have any Question? 


Related Questions in Operation Research

The relationship between language and thinking please

"The Relationship Between Language and Thinking" Please respond to the following: Consider the following quote by the philosopher Ludwig Wittgenstein, who believed that thought without language was impossible: "The limit ...

In every organization inputs of some kind services

In every organization, inputs of some kind (services, information, and/or products) are transformed into outputs (services, information, and/or products) on an ongoing, continuous basis, which are of value to internal or ...

For 100 consecutive days a company making nutritional

For 100 consecutive days, a company making nutritional supplements has measured the amount of a protein the company puts into its protein bars. Each day, the company takes a sample of 6 protein bars. The average across a ...

In this discussion forum you will discuss the implications

In this discussion forum, you will discuss the implications of not having a clear and precise scope of the project, and why it needs to be approved by higher management. Also discuss the importance of listing, sequencing ...

Question 1at the beginning of each day a patient in a

Question 1: At the beginning of each day, a patient in a hospital is classified into one of three conditions; good, fair, or critical. At the beginning of the next day, the patient will either continue to be in the hospi ...

Questionusing minitab andor a cause-and-effect diagram

Question: Using Minitab and/or a cause-and-effect diagram, identify the root cause of the problem you are trying to solve for the process you chose in 1-3. Also, construct a main effects plot, if applicable.

Michael has decided to invest 40000 in three types of funds

Michael has decided to invest $40,000 in three types of funds. Fund A has projected an annual return of 8 percent, Fund B has projected an annual return of 10 percent, and Fund C has projected an annual return of 9 perce ...

Consider the following scenarioyou have held conversations

Consider the following scenario: You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts ...

Directions the assignment focuses on your own understanding

DIRECTIONS The assignment focuses on your own understanding of the team's group project. Early in the conceptual phase of a new product, team members should begin to think about all of the things that need to be done to ...

Please explain how each department in a company could

Please explain how each department in a company could approach assessing customer expectations of a new product launch product. Describe how to use a TQM approach for fulfilling customer expectations associated with a ne ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro