Utilizing the discussion on sales forecasting, prepare a 6-month from opening sales forecast for the business. Now extend that to 1 year, 5 years, and 10 years. What variables will affect your sales? To what degree? How can you attempt to offset or capitalize on these factors?
Business name: free WI-FI/ hot spot for college students.
One page/ work cited (if any)
College with free Wi-Fi/ Hot spot
The most preferable source or ideal source of finance could be internal source of finance. The institution needs to budget for the installation of the system.
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Items
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Costs
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Router costs
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$1000
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Labor costs
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$90
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Operational costs
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$200
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Total costs
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$1,290
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A business of a kind exhibited in a college is corporation composed of stakeholders from all levels of a community. Funding the project to install free Wi-Fi within the college calls for funding from an internal source. In most cases, before reaching an agreement with setting up the system, all the participants do extensive consultations. Corporation form often demands discussions since it requires record keeping, harmonization of accounts and involves a lot of paperwork. A benefit realized in this type of a business organization includes the protection of personal assets against the firm's debts and obligation. Regarding cost, it is easy to raise start-up money since the funds are from an internal source. The corporate form also increases the credibility of an organization to consumers and potential investors and other future partnerships. The perpetual existence natures of organizational means investors do not have to worry about the demise of owners.