Question: Create a lean business plan for liqour store about financial projections and start up capital requorments. this part of the assignment, you will be asked
Create a lean business plan for liqour store about financial projections and start up capital requorments. this part of the assignment, you will be asked to do the following: estimate the amount of funding you will need to get your business started, determine the right mix of funding sources for your venture and analyze potential risks. Using the materials from Chapters and of the book, complete the following tasks: Create a projected cash flow statement for your business, with a detailed list of incomegenerating items revenue streams and expenses. Use the examples in Chapter of your book as a guide Determine when you will be able to breakeven Based on the expenses listed in part determine an estimate of your startup costs the costs you will incur before you are able to generate any revenue to fund the growth of the business Based on the startup costs in part and your own resources you have to start the business, determine the amount of external financing which you will require to launch your business Decide on the mix of financing sources you wish to use equity bank debt, personal loans, crowdfunding and justify your choice Indicate potential sources for each source of funding eg if using equity, who do you think might be willing to invest in you; if using a crowdfunding site, what site will you use and why? and describe some of the risks you may face in obtaining and repaying this financing.
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