Business Start Up

Business Start Up

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.