Developing our Startup Budget

In chapter $12$ we have learned that forecasting our financial results is important to proving that our opportunity can be a viable one. When we ask for funding$/$investment in our business, we need to demonstrate that we can generate adquate cash. Even before we serve one customer, we will need to invest significantly!

In this assignment you will practice developing your startup budget. Your submission is your response to the questions below. It is important to complete them in the order listed.

In order to launch your food truck, what types of things will you need? Brainstorm a comprehensive list of items, technology, people, etc.

Define the terms expense and asset. What is the difference between the two when it comes to the financial statements?

For your comprehensive list, designate each item as an asset or an expense.