Preview

Bus/368 Financial Plan

Powerful Essays
Open Document
Open Document
1607 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bus/368 Financial Plan
Finance Plan
Kelly Messer
Venture Capital & Banking BUS 368
Prof. Amy Klesges
03, December 2012

My business idea is a cereal concept. This idea is a one-stop shop for a variety of cereal selections. This new business venture will include not only different types of cereals but also a variety of toppings for the cereals selection of choice. I will raise funds by applying for small business loans. Main start up goals will persuade vendors to give store credit, have market knowledge of the general area, and not tied up my funds in inventory. With a well financing plan in place business expectations will be accomplish based on historical results, trends, and overall product that are being put out. The business name will be called
…show more content…

With respect to the income statement, which reflects the revenue and expense accounts” Hampton (2011). A financial and budgeting report will be conducted each month. By having updated financial report tax audit tractions will be accurate and accessible. Monthly budget reports will help “Cereal to Go!” run more effetely showing specific cash flow in each area of the business and helping to forecast product for next month. The business report will also help in the dissension making process for need expenditures.
Cereal to Go! Expected net sales of $23,000 in the next year. Cost of goods will be at $12,000. Total expenses $2,000, to cover variable expenses $0.48 out of every purchase dollar will be pulled. The remaining $0.52 will cover fixed costs and transfer to a profit. An estimated breaking even sale is at $3,846.
A marketing analysis of the local area will be conducted before opening day of Cereal to Go! From the information of the report, a better understanding of target customer’ demands, needs, and wants can be develop. To be competitive Cereal to Go! Will create a marketing strategy that will encompass low-cost, creative prices comparison to weed out competitors in the local
…show more content…

I believe the average customers ages will vary from the college youth to middle age adults group. Location will be key for business success. A survey of top four locations will be assessed on best approach to target the market effetely. Finally a timetable will post an outline of estimated start-up date, short-term goals, and product sales goals. Realizing what needs to be accomplished for success, and a strong business plan in place. I believe “Cereal to Go!” can tap into a new cereal market, with the U S economy not

You May Also Find These Documents Helpful

  • Powerful Essays

    The definition of marketing as stated by the American Marketing Association is that: “Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.” (marketingpower.com, 2008) Marketing is not a choice but yet an essential part of any business. Kudler Fine Foods is a local upscale specialty food store located in the San Diego metropolitan area. The company has three locations (La Jolla, Del Mar and Encinitas). Each store has a large amount of retail space located in a stylish shopping center. The stores are stocked with the very best domestic and imported produce (phoenix.edu, 2008). Kudler Fine Foods has decided to explore new options to which they might offer to their customers. This paper will first justify the importance of marketing research in the development of Kudler Fine Food’s marketing strategy and tactics. Next the paper will explain Identify the areas where additional market research is needed.…

    • 1298 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Today’s firms operate within various environments that economists refer to as market structures. These market structures forge each firm’s operational foundation, which essentially lays the groundwork to facilitate competitive marketing strategies. The factors that bolster a firm’s marketing tactics are vital is sustaining profitability as well as solidifying longevity within a particular industry. To comprehend these factors effectively, this paper will analyze Kudler Fine Foods through the eyes of a consultant and (a) evaluate Kudler’s strategic plan, (b) identify the Kudler’s market structure, and (c) assess how the market…

    • 1135 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Guillermo could use budget and performance reports to assist in managing and putting into practice accounting plans. The Guillermo Furniture Store should use budgets because they are the most important plans for ensuring that management is using the proper methods of teaching and enforcing acceptable patterns of behavior. If the company does not have a budget, their planning possibly will not obtain the principle spotlight that it typically should have (Horngren, 2008). All of the collected facts and data that is incorporated in a financial statement or income statement will show management how the operating expenses and cash flow is going through a monthly or quarterly report. The Guillermo Furniture Store could use the budgets to help Guillermo in making up his mind regarding staying in business or looking at other options. Guillermo could use the collected facts and data to estimate the monetary value of a profit on money that has been invested as well as earnings by value paid for the business. Guillermo could use budget reports from prior year’s to achieve an breakdown that will help with the companies determination to perhaps reduce expenses or locate favorable…

    • 769 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    COMM 320 Business Plan

    • 9070 Words
    • 43 Pages

    WeRoll is a ride-sharing platform whose aim is to improve the environment by reducing the…

    • 9070 Words
    • 43 Pages
    Powerful Essays
  • Good Essays

    Unit 3 Nessa P6

    • 859 Words
    • 3 Pages

    Scenario and task: The Nestle company has decided to commission you to develop a coherent marketing mix for their brand new breakfast cereal product aimed at children under the age of 16 in the UK to compete with cereal products from Kellogg’s and Quaker.…

    • 859 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Success for new business’ or products is dependent upon the wants’ and needs of the consumer; market research helps shape the design of a product for both consumer and developer. Kudler Fine Foods must create a successful marketing strategy that includes both a target market, “a fairly homogenous (similar) group of customers to whom a company wishes to appeal” (Pereault, Cannon, & McCarthy, 2011, p. 3) and a marketing mix, “the controllable variables the company puts together to satisfy the target group” (Pereault, Cannon, & McCarthy, 2011, p. 3). Their mix must include the “Four Ps” (Pereault, Cannon, & McCarthy, 2011, p. 7) to be successful. These include: researching the market to see if they are developing the right product for the right market; the channels of distribution with which they will get their product to the marketplace, the method of promoting the…

    • 1078 Words
    • 5 Pages
    Good Essays
  • Good Essays

    unit 36 business P1 and P2

    • 1627 Words
    • 4 Pages

    My business idea is home cooked food away from home, for people who have moved far away from home, or just need a bit comfort from food. In that the food which will be made will be all home cooked and freshly prepared dishes. There will be a variety of different dishes that will be healthy and homely, as well as linking to a shop that will provide me with different types of comfort food hampers that will be made each day. All of the home dishes will be freshly made, with both daily menus and dishes that are on the menu all of the time.…

    • 1627 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The objective of this assignment is to conduct an early analysis, identify and evaluate all the marketing factors and develop a DETAILED PLAN with key facts, data and marketing points under relevant headings in preparation and assisting with the major assignment. You are required to conduct research, read widely and draw information from current affairs, and from the relevant sections of the material covered in lectures and tutorials.…

    • 3054 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    Understanding what is happening financially in the company insights provides the financial information system of accounting. One must have knowledge of numbers when working in accounting. The three basic activities in accounting are identifies, records, and communicates. The four financial statements are income statements, retained earnings statement, balance sheet, and statement of cash flow. Internal and external users are the groups that review financial information (Weygandt, 2008). The preparation of financial statements, are in an uncomplicated layout, easy to understand. Reporting financial statement accurately is important because if there is an error this can cause complications for the company or organization.…

    • 877 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Financial statements play a significant role in each and every type of business. The financial statements provide a wealth of information to auditors, creditors, investors, suppliers and other important venues that need access to this type of information. This paper will discuss four different types of financial statements and how they are utilized by vendors, creditors and others. The four financial statements that will be reviewed are the income statement, balance sheet, cash flow statements and statement of retained earnings.…

    • 688 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The income statement helps to predict future cash flows by evaluating the past performance of the company to its competitors and predicting future success by comparing revenues, earnings and cash flow. Equally, this report helps to assess risk that the company can meet their cash flow predictions. However, the income statement does have its limitations. This statement can be varied depending on accounting methods used and possible omissions made by companies, in addition to varied measurement judgments.…

    • 588 Words
    • 3 Pages
    Good Essays
  • Good Essays

    goals. The income and expense statement helps me compare actual results with budgeted figures to…

    • 571 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    PRACTICE 2

    • 264 Words
    • 1 Page

    Prepare a budgeted income statement for the first, second and third quarter of 19A with the following details:…

    • 264 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    United Cereal

    • 409 Words
    • 2 Pages

    In essence, United Cereal has to be proactive and act before the competition, introducing a staple product, and profiting for the short competitive advantage that could be established before Cereal Partner enter the market, and through the knowledge of the European Technical Team, re-develop nutrition facts and tastes, following the first feedbacks received, as well as after the competition launch.…

    • 409 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Breakfast Cereal

    • 16261 Words
    • 66 Pages

    Branch. It was my honor to be able to interview Lin Lin Ku, and to obtain a clear…

    • 16261 Words
    • 66 Pages
    Powerful Essays