BUSN275: Project Overview
BUSN278 Course Project.
Project Overview:
This is an individual project where you will be acting as a consultant to an entrepreneur who wants to start a new business. As the consultant, you’ll create a 5 year budget that supports the entrepreneur’s vision and strategy, as well as the needs for equipment, labor, and other startup costs.
You can choose from one of three types of new business startups -- a landscaping company, a restaurant, or an electronics store that sells portable computing devices. Each business has its own Business Profile detailed in the sections below. The purpose of the Business Profile is to guide you in understanding the scope of the business, the entrepreneur’s startup costs, and financial assumptions. …show more content…
This is an individual project. Each week you will complete a section of the project in draft form. In Week 7, you will submit the final version of the project’s Budget Proposal, Budget Workbook, and Budget Presentation in PowerPoint.
Deliverables Schedule / Points
Week | Deliverable | Points | 1 | Section 1.0 Executive Summary (Draft) | 10 | 2 | Section 2.0 Sales Forecast (Draft) | 10 | 3 | Section 3.0 Capital Expenditure Budget (Draft) | 10 | 4 | Section 4.0 Investment Analysis (Draft) | 10 | 5 | Section 5.1 Pro Forma Income Statement (Draft) | 10 | 6 | Section 5.2 Pro Forma Cash Flow Statements (Draft) | 10 | 7 | Final Budget Proposal | 90 | 7 | Final Presentation w/ PowerPoint | 30 | | Total project points | 180 |
Business Profile: Papa Geo’s – Restaurant
Vision
The vision of the entrepreneur is to create a single-location, sit-down Italian restaurant called Papa Geo’s. The goal is to generate an income of $40,000 per year, starting sometime in the second year of operation, as wells as profit that is at least 2% of …show more content…
* The owner will use personal funds to operate the business until it generates enough cash flow to fund itself. * Essentially, 60% sales are made by credit card and 40% are made by check. All credit card sales are a paid to the company daily by the credit card company. * 2.5% of credit card sales is paid to the credit card company in fees. * The average lawn service costs $150 per month. Irrigation repairs are minimal at an average of $50 per customer per year, landscaping and other services are about $200 per customer per year. * Equipment is depreciated on a straight-line basis over 5 years. * The owner has health benefits, other workers do not. * Each lawn takes about 1.5 hours to cut and manicure, as well as any other repairs or extra services like tree or shrub trimming. * The entrepreneur will manage the company and draw a salary, but will not service lawns or perform other services.
*If you believe any other assumptions are necessary, please state them in your budget
Project Overview:
This is an individual project where you will be acting as a consultant to an entrepreneur who wants to start a new business. As the consultant, you’ll create a 5 year budget that supports the entrepreneur’s vision and strategy, as well as the needs for equipment, labor, and other startup costs.
You can choose from one of three types of new business startups -- a landscaping company, a restaurant, or an electronics store that sells portable computing devices. Each business has its own Business Profile detailed in the sections below. The purpose of the Business Profile is to guide you in understanding the scope of the business, the entrepreneur’s startup costs, and financial assumptions. …show more content…
This is an individual project. Each week you will complete a section of the project in draft form. In Week 7, you will submit the final version of the project’s Budget Proposal, Budget Workbook, and Budget Presentation in PowerPoint.
Deliverables Schedule / Points
Week | Deliverable | Points | 1 | Section 1.0 Executive Summary (Draft) | 10 | 2 | Section 2.0 Sales Forecast (Draft) | 10 | 3 | Section 3.0 Capital Expenditure Budget (Draft) | 10 | 4 | Section 4.0 Investment Analysis (Draft) | 10 | 5 | Section 5.1 Pro Forma Income Statement (Draft) | 10 | 6 | Section 5.2 Pro Forma Cash Flow Statements (Draft) | 10 | 7 | Final Budget Proposal | 90 | 7 | Final Presentation w/ PowerPoint | 30 | | Total project points | 180 |
Business Profile: Papa Geo’s – Restaurant
Vision
The vision of the entrepreneur is to create a single-location, sit-down Italian restaurant called Papa Geo’s. The goal is to generate an income of $40,000 per year, starting sometime in the second year of operation, as wells as profit that is at least 2% of …show more content…
* The owner will use personal funds to operate the business until it generates enough cash flow to fund itself. * Essentially, 60% sales are made by credit card and 40% are made by check. All credit card sales are a paid to the company daily by the credit card company. * 2.5% of credit card sales is paid to the credit card company in fees. * The average lawn service costs $150 per month. Irrigation repairs are minimal at an average of $50 per customer per year, landscaping and other services are about $200 per customer per year. * Equipment is depreciated on a straight-line basis over 5 years. * The owner has health benefits, other workers do not. * Each lawn takes about 1.5 hours to cut and manicure, as well as any other repairs or extra services like tree or shrub trimming. * The entrepreneur will manage the company and draw a salary, but will not service lawns or perform other services.
*If you believe any other assumptions are necessary, please state them in your budget