The following information should be included in your essay:
What qualifications you currently have or plan to obtain in the future that would enable you to run this type of business.
Where do you plan to operate your business? You cannot operate your business from your house. You would need to run your business in a retail location, a large manufacturing facility or an office building or something else depending on the type of business. Please specify the type of location and facility you would use to operate your business.
Explain what we will see on your balance sheet. What types of assets would most likely be on your balance sheet. For example, think about how will your customers pay you? Are you operating a retail business where you will be paid in cash or credit cards or will you bill your clients and be paid later so you would have accounts receivable? What type of fixed assets would you need to run your business such as machines, furniture, trucks, etc...? Explain what types of liabilities would most likely be on your balance sheet and why. Would you have a loan from the bank? Would you owe vendors money? Do you have any equity in the company? Why or why not?
Explain what we should see on your income statement. How will you produce revenue in your business? What are some expenses you will incur when operating your business?
Try to identify at least three connections (one of each) and explain why:
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This assignment will be worth a total of 50 points and will be assessed based on including all of the above stated requirements, your understanding of the material, including supporting ideas, focus, grammar and spelling and quality of your advertisement.
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