Module 06 Course Project - Sustainability- use attachment to complete!

Budget and Financial Summary

Name: Rodney Wheeler

Institution: Rasmussen College

Course: B403/ENT4011 Section 01 Sales and Marketing for New Business Ventures

Date: 11/04/16

Budget and Financial Summary

New Business Ventures was established to help young youths find and invest in their talent in football. It is expected that it will soon open branches in many countries all over the world. Thus, the venture in its first two years of operation is expected to earn some funds to enable it to operate efficiently. In terms of revenues the club expects to earn from club admissions, sponsors, investors, fundraising events, donations, team parent’s contributions, the sale of apparels and grants. So far, in 2017, we expect club admissions to reach $10000 while $12000 in 2018 ("Income Statement | Example | Template | Format", 2016).

The amount of sponsorship expected to hit $17500 in 2017 and $21000 in 2018. Our main sponsors include the logo, medium logo, and small logo. Investors who include local football clubs and the local business are expected to inject in the business $20000 in 2017 while the amount will rise to $30000 in 2018 ("What Is the Difference Between an Income Statement & a Budget?", 2016). The business expects to do funding that we expect it to reach $12000 in 2017 and $20000 in 2018. Donations and team parent’s contributions will amount to $17000 in 2017 while the value will go up in 2018 by reaching $25000. Sale of Apparel which is one of the most income sources of the business is required to amount to $20500 during the two years. Grants, on the other hand, is expected to reach $52500 thus total revenue during the two FY is $257500

Expenses

The expenses expected to be incurred by the business include Advertisements and promotions that will cost $400, year page that will cost $100, framed photos pod the sponsors that will cost the business $200, Local paper advertisement to cost $100,production of Apparel will cost $8900 , Travelling costs will amount to $1700, Foods and drinks for the players will cost $9000, Team licensing will cost $2200, local league membership to cost $2200, coaching expenses required to reach $45000, team scholarships will cost the business $25000, fundraising events cost to cost the business $1400team expenses to cost $29000 and the last category of expenses being the training machines to cost the business $5000. This, therefore, makes the business to have a total of $158100 during the two FY in a row.

References

What Is the Difference Between an Income Statement & a Budget? (2016). Smallbusiness.chron.com. Retrieved 2 November 2016, from http://smallbusiness.chron.com/difference-between-income-statement-budget-26183.html

Income Statement | Example | Template | Format. (2016). My Accounting Course. Retrieved 2 November 2016, from http://www.myaccountingcourse.com/financial-statements/income-statement