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Business Start Up
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Chosen business venture : The business I intend to start is a local mom-and-pop grocery store that serves people majorly in my community with grocery items. The name of the store will be called Betty’s.
Instructions :
Write a 3–4 page paper in which you:
1. Outline the financial start-up needs for this business. Consider such items as cash, equipment, space lease or purchase, raw materials, and labor costs. Provide a rationale for your estimates.
. This is only a preliminary list. As you progress in the course, this outline will be fine-tuned.
· Once you have estimated the start-up needs for this business, determine the best financing options to obtain the needed capital and how you would approach securing this type of financing. Justify your selection.
· Evaluate the two most important financial ratios that you will use to track the health of the business and explain how each would provide insight to the business performance. Provide a rationale with your response.
No plagiarism and please cite all sources.
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