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Please Use the Papers Above To Help Answer

The financial section of a business plan is one of the essential components of the plan, as you will need it if you have any hope of winning over investors or obtaining a bank loan. Even if you don't need financing, you should compile a financial forecast to successfully steer your business.

Over the last few modules, we've created the Financial Plan portion of our overall final business plan. For this portion, you'll be adding:

- Revised Break-Even Analysis for a company that is selling spray that gets rid of odors in sporting sports like football gloves. Use The Numbers Above

This assignment should be a minimum of 3 pages, double-spaced, and Please include both an introduction and a conclusion.

Any successful business venture must include a thorough financial section Break-Even Analysis: The break-even point is the level of sales at in its business plan. This section must include a break-even analysis be- which the total revenue equals total costs. It is the point at which the cause it helps identify the point at which a business starts to turn a profit. business begins to make a profit. Using the above values, we can calculate We will perform a break-even analysis for our business, which creates a our break-even point as follows: product that freshens and removes odors from sweaty sports gloves, in Break-Even Point (units)= Fixed Costs / (Price per unit - Variable Cost per this financial plan. Financial information Startup Expenses: We will need unit) Break-Even Point (units) =$50,000/($10$6) to invest in a number of startup costs, such as marketing, inventory, and Break-Even Point (units) =12,500 units Finally, the results of our break-even analysis indicate that we must employee salaries, in order to launch our business. Our initial investment sell 12,500 units of our product in order to turn a profit. Any sales that go will be $100,000. over this amount will result in a profit for the company. Understanding our To create our projected financial statements, we will use the breakbreak-even point will help us make wise choices about pricing, sales goals, even analysis. We have estimated the following values: and cost control to ensure the success of our company. We can use this Price per unit: $10 Variable cost per unit: $6 financial plan as a useful tool to guide our company toward profitability. Fixed costs: $50,000. The financial section of a business plan is essential to any company's $50,000 on equipment and other assets. As a result, we anticipate having a success. It provides a roadmap for the company's future financial perfor- net cash inflow of $50,000 for the entire year. mance by outlining the projected financial statements. The creation of a financial plan is crucial to luring investors or obtaining a bank loan for our business, which sells a spray that gets rid of the smell of athletic Balance Sheet: gloves. It will also ensure that we are moving in the right direction with Our balance sheet gives a quick overview of our company's financial our company and toward our financial objectives. An income statement, a situation at a particular point in time. At the end of the first year, we expect cash flow statement, and a balance sheet will all be included in the financial to have $50,000 in cash, $50,000 in equipment, and $200,000 in stock. Our projections we make for our company. projected liabilities total $50,000, giving us a net worth of $200,000 after all expenses. Projected Financial Statements: Income Statement: It's crucial to prepare projected financial statements when creating a Our income statement gives a one-year forecast of our company's successful business plan. It gives lenders and investors a clear picture of revenue and expenses. During the first year of business, we plan to bring the company's financial situation and potential for expansion. Additionally, in $300,000. We anticipate incurring expenses totaling $20,000, which it aids in the company's future decision-making and helps it stay on track include the cost of goods sold, labor, rent, and marketing. We anticipate toward its financial objectives. We project $300,000 in sales for our company's first year and a net profit of $100,000 from the sale of a spray that Our cash flow statement displays the annual inflows and outflows of for the entire year. Our balance sheet predicts that at the end of the first cash for our company. We anticipate making $300,000 in cash from sales year, we will have a net worth of $250,000. These forecasts give us hope while spending $20,000 on expenses. In the first year, we also plan to spend that our company can be prosperous and successful