For this week’s discussion, please respond to the following:
Post at least one substantive comment to another student’s post.
1. Post a brief description of your business (no more than 3 sentences). Specify your company name, what business you are in, and the specific product(s) or service (s) you plan to sell. Attach the completed Excel document before you submit.
2. A substantive comment is at least 6 substantive sentences in length, sharing examples, your perspective, resources, your experience, making connections, and asking questions, etc. 1. Provide a brief overview of your business. Specify the company name, what business you are in, and the specific product lines or service options you offer (a list of what you sell- your sources of revenue)- no more than 3 sentences.
2. Attach the entire completed Excel document. All worksheets must be completed using the guidelines provided (snack-food or company of choice).
Use the videos below to help you with completing the worksheets. This tutorial is also posted in the Course Info area.
How to complete the Setup worksheet– start the business the month and year the quarter starts
How to complete the Sales Projections worksheet – reach sales of over 1 million by the end of the second year
How to complete the inventory worksheet – with example – the inventory expense must equal the COGS every month and for every product line
How to complete the Staff Budgeting worksheet–you should have more managers and employees in the second year than the first as your business is growing.
How to complete the Capital Investments worksheet– specify the funds you plan to raise from investors and the equity you plan to give in exchange for these funds.
1. If you are not selling physical good with your service, you can set the Cost of Goods Sold at zero (on the Sales Projections worksheet). This also means your inventory worksheet will be blank.
2. The income statement and the cash-flow statement must be in the positive (no negative numbers).
3. Do not delete any columns, rows, or cells. If you want to change the number in a cell, just type over. If something does not apply to you, just leave it at zero, but do not delete the column or row, as this will cause the formulas to be deleted, and the document to have errors. If you have REF or VALUE errors showing, you must start over on a clean cop