MGT 401 MGT401 Week 5 Team Paper Financial Plan (Phoenix)
Resource: Business Plan Pro
Discuss some possible ideas for a service business. Each team member must suggest at least two different ideas.
Decide on one member’s idea.
Prepare a 1,050- to 1,400-word paper in which you describe the process your team could use to prepare a basic financial plan for the business.
Identify cash flow management strategies that may be used in your business.
Explain why these strategies are best.
Evaluate different sources of funding for your business and select one.
Discuss why this source is most feasible.
Refer to the Adorable Pet Photo business plan for an example.