In this you should include: the summary of initial costs with their justification, the financial risks...

    

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In this you should include: the summary of initial costs with their justification, the financial risks associated with the business and how you expect to face each of those risks, how you will manage the finances of your business and what controls you hope to develop to ensure transparency. In addition, you must indicate the provision for dissolution (exit) of the business. The following order is suggested: I. Establish how the financial area of your business will work - Includes responsible persons below and tasks to set up control of your finances. (Administrator, Marketing, Accounting Clerk, Cashier, Waiters). II. III. IV. Develop a required investment scheme (start-up-costs) - consider the areas suggested in the presentation of the Financial Plan: working capital, fixed assets and pre-operational expenses. Justify each of the areas presented. Find the sources of financing with which you expect to cover the first investment of the business. Show how you will distribute the financing obtained. List the financial risks that the business may face and show how you expect to face them. V. Identify the dissolution provision of the business (exit strategy). In this you should include: the summary of initial costs with their justification, the financial risks associated with the business and how you expect to face each of those risks, how you will manage the finances of your business and what controls you hope to develop to ensure transparency. In addition, you must indicate the provision for dissolution (exit) of the business. The following order is suggested: I. Establish how the financial area of your business will work - Includes responsible persons below and tasks to set up control of your finances. (Administrator, Marketing, Accounting Clerk, Cashier, Waiters). II. III. IV. Develop a required investment scheme (start-up-costs) - consider the areas suggested in the presentation of the Financial Plan: working capital, fixed assets and pre-operational expenses. Justify each of the areas presented. Find the sources of financing with which you expect to cover the first investment of the business. Show how you will distribute the financing obtained. List the financial risks that the business may face and show how you expect to face them. V. Identify the dissolution provision of the business (exit strategy).

Answer rating: 100% (QA)

1 Establishing the Financial Area of the Business Administrator Responsible for overseeing the overall financial operations of the business including budgeting financial reporting and compliance Marke... View the full answer