BUS402 Strayer University Supply Chain Management and Financial Plan Paper

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Business Finance

BUS402

Strayer University

Description

"One of the most important steps in launching a new business venture is fashioning a well-designed, practical, realistic financial plan." (Scarborough & Cornwall, 2015, p. 454).

With this assignment, you are creating two important elements of a financial plan: an Income Statement and Balance Sheet. You also are preparing an outline of a presentation of your business plan to potential investors or lenders.

  1. Using the business you created from Assignments 2 and 3(PLEASE NOTE I ONLY COMPLETED ASSIGNMENT 3 WHICH IS ATTACHED) , write a three to four (3-4) page paper in which you:
    1. Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of operation, using income projections and incorporating an advertising plan.
    2. Outline a plan for hiring and retaining competent, motivated employees for your business.
    3. Prepare an outline for a "pitch," i.e., a short 20-30 minute business plan presentation that will be made to lenders or investors.
    4. Include at least two (2) references outside the textbook.
    Your assignment must follow these formatting requirements:
    • This course requires use of Strayer Writing Standards (SWS). The format may be different than other Strayer University courses. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards left menu link).
    • Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required page length.
    The specific course learning outcomes associated with this assignment are:
    • Analyze the key financial management considerations in operating a small business, including sources of financing.
    • Determine the various control and support functions needed to manage a small business.
    • Use technology and information resources to research issues in small business management.
    • Write clearly and concisely about small business management using proper writing mechanics.
    Click here to view the grading rubric.
  2. By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign™ services in accordance with the Blackboard Privacy Policy; (2) that your institution may use your paper in accordance with your institution's policies; and (3) that your use of SafeAssign will be without recourse against Blackboard Inc. and its affiliates.

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Communicating professionally and ethically is one of the essential skill sets we can teach you at Strayer. The following guidelines will ensure: · Your writing is professional · You avoid plagiarizing others, which is essential to writing ethically · You give credit to others in your work Visit Strayer’s Academic Integrity Center for more information. Winter 2019 General Standards Use Appropriate Formatting Include page numbers. Use 1-inch margins. Use Arial, Courier, Times New Roman, or Calibri font style. Use 10-, 11-, or 12-point font size for the body of your text. Use numerals (1, 2, 3, and so on) or spell out numbers (one, two, three, and so on). Be consistent with your choice throughout the assignment. Use either single or double spacing, according to assignment guidelines. Title Your Work If assignment requires a title page: ·· Include the assignment title, your name, course title, your professor’s name, and the date of submission on a separate page. If assignment does not require a title page (stated in the assignment details): a. Include all required content in a header at the top of your document. or b. Include all required content where appropriate for assignment format. Examples of appropriate places per assignment: letterhead of a business letter assignment or a title slide for a PowerPoint presentation. Write Clearly Use appropriate language and be concise. Write in active voice when possible. Find tips here. Use the point of view (first, second, or third person) required by the assignment guidelines. Use spelling and grammar check and proofread to help ensure your work is error free. Cite Credible Sources Use credible sources to support your ideas/work. Find tips here. Cite your sources throughout your work when you borrow someone else’s words or ideas. Give credit to the authors. Look for a permalink tool for a webpage when possible (especially when an electronic source requires logging in like the Strayer Library). Find tips here. Add each cited source to the Source List at the end of your assignment. (See the Giving Credit to Authors and Sources section for more details.) Don’t forget to cite and add your textbook to the Source List if you use it as a source. Build a Source List Include a Source List when the assignment requires research or if you cite the textbook. Type “Sources” centered on the first line of the page. List the sources that you used in your assignment. Organize sources in a numbered list and in order of use throughout the paper. Use the original number when citing a source multiple times. For more information, see the Source List section. Strayer University Writing Standards 2 Writing Assignments Strayer University uses several different types of writing assignments. The Strayer University Student Writing Standards are designed to allow flexibility in formatting your assignment and giving credit to your sources. This section covers specific areas to help you properly format and develop your assignments. Note: The specific format guidelines override guidelines in the General Standards section. Paper and Essay Specific Format Guidelines Use double spacing throughout the body of your assignment. Use a consistent 12-point font throughout your assignment submission. (For acceptable fonts, see General Standards section.) Use the point of view (first or third person) required by the assignment guidelines. Section headings can be used to divide different content areas. Align section headings (centered) on the page, be consistent, and include at least two section headings in the assignment. Follow all other General Standards section guidelines. PowerPoint or Slideshow Specific Format Guidelines Title slides should include the project name (title your work to capture attention if possible), a subtitle (if needed), the course title, and your name. Use spacing that improves professional style (mixing single and double spacing as needed). Use a background color or image on slides. Use Calibri, Lucida Console, Helvetica, Futura, Myriad Pro, or Gill Sans font styles. Use 28-32 point font size for the body of your slides (based on your chosen font style). Avoid font sizes below 24-point. Use 36-44 point font size for the titles of your slides (based on chosen font style). Limit content per slide (no more than 7 lines on any slide and no more than 7 words per line). Include slide numbers when your slide show has 3+ slides. You may place the numbers wherever you like (but be consistent). Include appropriate images that connect directly to slide content or presentation content. Follow additional guidelines from the PowerPoint or Slideshow Specific Format Guidelines section and assignment guidelines. Strayer University Writing Standards 3 Giving Credit to Authors and Sources When quoting or paraphrasing another source, you need to give credit by using an in-text citation. An in-text citation includes the author’s last name and the number of the source from the Source List. A well-researched assignment has at least as many sources as pages (see Writing Assignments for the required number of sources). Find tips here. Option #1: Paraphrasing  Rewording Source Information in Your Own Words ORIGINAL SOURCE ·· Rephrase the source information in your words. Be sure not to repeat the same words of the author. ·· Add a number to the end of your source (which will tie to your Source List). ·· Remember, you cannot just replace words of the original sentence. Examples “Writing at a college level requires informed research.” PARAPHRASING As Harvey wrote, when writing a paper for higher education, it is critical to research and cite sources (1). When writing a paper for higher education, it is imperative to research and cite sources (Harvey, 1). Option #2: Quoting  Citing Another Person’s Work Word-For-Word ORIGINAL SOURCE ·· Place quotation marks at the beginning and the end of the quoted information. ·· Add a number to the end of your source (which will tie to your Source List). ·· Do not quote more than one to two sentences (approximately 25 words) at a time. ·· Do not start a sentence with a quotation. ·· Introduce and explain quotes within the context of your paper. Examples “Writing at a college level requires informed research.” QUOTING Harvey wrote in his book, “Writing at a college level requires informed research” (1). Many authors agree, “Writing at a college level requires informed research” (Harvey, 1). Strayer University Writing Standards 4 Traditional Sources Page Numbers When referencing multiple pages in a text book or other large book, consider adding page numbers to help the reader understand where the information you referenced can be found. You can do this in three ways: a. In the body of your paper; or b. In the citation; or c. By listing page numbers in the order they were used in your paper on the Source List.  Example IN-TEXT CITATION (Harvey, 1, p. 16) In the example, the author is Harvey, the source list number is 1, and the page number that this information can be found on is page 16. Check with your instructor or the assignment guidelines to see if there is a preference based on your course. Multiple Sources (Synthesizing) Synthesizing means using multiple sources in one sentence or paragraph (typically paraphrased) to make a strong point. This is normally done with more advanced writing, but could happen in any writing where you use more than one source. The key here is clarity. If you paraphrase multiple sources in the same sentence (of paragraph if the majority of the information contained in the paragraph is paraphrased), you should include each source in the citation. Separate sources using semi-colons (;) and create the citation in the normal style that you would for using only one source (Name, Source Number). Strayer University Writing Standards  Example SYNTHESIZED IN-TEXT CITATION (Harvey, 1; Buchanan, 2) In the example, the authors Harvey and Buchanan were paraphrased to help the student make a strong point. Harvey is the first source on the source list, and Buchanan is the second source on the source list. 5 Web Sources A web source is any source accessed through an internet browser. Before using any source, first determine its credibility. Then decide if the source is appropriate and relevant for your project. Find tips here. Home Pages Specific Web Pages A home page is the main page that loads when you type a standard web address. For instance, if you type Google. com into the web browser, you will be taken to Google’s home page. If you are using any web page other than the home page, include the specific title of the page and the direct link (when possible) for that specific page in your Source List Entry. If you do need to cite a home page, use the webpage’s title from the browser. This found by moving your mouse cursor over the webpage name at the top of the browser. When citing a homepage, it is likely because there is a news thread, image, or basic piece of information on a company that you wish to include in your assignment. Discussion Posts When quoting or paraphrasing a source for discussion threads, include the source number in parenthesis after the body text where you quote or paraphrase. At the end of your post, type the word “Sources” and below that include a list of any sources that you cited. If you pulled information from more than one source, continue to number the additional sources in the order that they appear in your post. For more information on building a Source List Entry, see Source List section. If your assignment used multiple pages from the same author/ source, create separate Source List Entries for each page when possible (if the title and/or web address is different).  Examples SAMPLE POST The work is the important part of any writing assignment. According to Smith, “writing things down is the biggest challenge” (1). This is significant because… The other side of this is also important. It is noted that “actually writing isn’t important as much as putting ideas somewhere useful” (2). SOURCES 1. William Smith. 2018. The Way Things Are. http://www.samplesite.com/writing 2. Patricia Smith. 2018. The Way Things Really Are. http://www.betterthansample.com/tiger Strayer University Writing Standards 6 Examples Effective Internet Links  When sharing a link to an article with your instructor and classmates, start with a brief summary and why you chose to share it. POOR EXAMPLE Be sure to check the link you’re posting to be sure it will work for your classmates. They should be able to just click on the link and go directly to your shared site. Share vs. URL Options Cutting and pasting the URL (web address) from your browser may not allow others to view your source. This makes it hard for people to engage with the content you used. To avoid this problem, look for a “share” option and choose that when possible so your classmates and professor get the full, direct link. Always test your link(s) before submitting to make sure they work. If you cannot properly share the link, include the article as an attachment. Interested classmates and your professor can reference the article shared as an attachment. Find tips here. Hey check out this article: http://www. Jobs4You.FED/Jobs_u_can_get BETTER EXAMPLE After reading the textbook this week, I researched job sites. I found an article on how to find the best job site depending on the job you’re looking for. The author shared some interesting tools such as job sites that collect job postings from other sites and ranks them from newest to oldest, depending on category. Check out the article at this link: http://www.Jobs4You. FED/Jobs_u_can_get Charts, Images, and Tables Charts, images, and tables should be centered and followed by an in-text citation. Design your page and place a citation below the chart, image, or table. When referring to the chart, image, or table in the body of the assignment, use the citation. On your Source List, provide the following details of the visual: ·· Author’s name (if created by you, provide your name) ·· Date (if created by you, provide the year) ·· Type (Chart, Image, or Table) ·· How to find it (link or other information – See Source List section for additional details). Strayer University Writing Standards 7 Source List The Source List (which includes the sources that you used in your assignment) is a new page you add at the end of your paper. The list has two purposes: it gives credit to the authors that you use and gives your readers enough information to find the source without your help. Build your Source List as you write. Setting Up the Source List Page ·· Type “Sources” at the top of a new page. ·· Include a numbered list of the sources you used in your paper (the numbers indicate the order in which you used them). 1. Use the number one (1) for the first source used in the paper, the number two (2) for the second source, and so on. 2. Use the same number for a source if you use it multiple times. Creating a Source List Entry ·· Ensure each source includes five parts: author or organization, publication date, title, page number (if needed), and how to find it. If you have trouble finding these details, then re-evaluate the credibility of your source. ·· Use the browser link for a public webpage. ·· Use a permalink for a webpage when possible. Find tips here. ·· Instruct your readers how to find all sources that do not have a browser link or a permalink. ·· Separate each Source List Element with a period on your Source List. Source List Elements AUTHOR PUBLICATION DATE TITLE PAGE NO. HOW TO FIND The person(s) who published the source. This can be a single person, a group of people, or an organization. If the source has no author, use “No author” where you would list the author. The date the source was published. If the source has no publication date, use “No date” where you would list the date. The title of the source. If the source has no title, use “No title” where you would list the title. The page number(s) used. If the source has no page numbers, omit this section from your Source List Entry. Instruct readers how to find all sources. Keep explanations simple and concise, but provide enough information so the source can be located. Note: It is your responsibility to make sure the source can be found. Michael Harvey 2013 p. 1 In the case of multiple authors, only list the first. This is not the same as copyright date, which is denoted by © The Nuts & Bolts of College Writing http://libdatab.strayer.edu/ login?url=http://search. ebscohost.com/login.aspx  Examples Strayer University Writing Standards Include p. and the page(s) used. 8  How It Will Look in Your Source List 1. Michael Harvey. 2013. The Nuts & Bolts of College Writing. p. 1. http://libdatab.strayer.edu/ login?url=http://search.ebscohost.com/login.aspx  Sample Source List 1. Michael Harvey. 2013. The Nuts & Bolts of College Writing. p. 1. http://libdatab.strayer.edu/login?url=http://search. ebscohost.com/login.aspx 2. William R. Stanek. 2010. Storyboarding Techniques chapter in Effective Writing for Business, College and Life. http:// libdatab.strayer.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=359141&site=e ds-live&scope=site&ebv=EB&ppid=pp_23 3. Zyad Hicham. 2017. Vocabulary Growth in College-Level Students’ Narrative Writing. http://libdatab.strayer.edu/ login?url=http://search.ebscohost.com/login.aspx?direct=true&db=edsdoj&AN=edsdoj.9b7fad40e529462bafe3a936 aaf81420&site=eds-live&scope=site 4. Anya Kamenetz. July 10, 2015. The Writing Assignment That Changes Lives. https://www.npr.org/sections/ ed/2015/07/10/419202925/the-writing-assignment-that-changes-lives 5. Brad Thor. June 14, 2016. The Best Writing Advice I Ever Got. http://time.com/4363050/brad-thor-best-writing-advice/ 6. Karen Hertzberg. June 15, 2017. How to Improve Writing Skills in 15 Easy Steps. https://www.grammarly.com/blog/ how-to-improve-writing-skills/ 7. Roy Peter Clark. 2008. Writing Tools: 55 Essential Strategies for Every Writer. p.55-67. Book on Amazon.com. 8. C.M. Gill. 2014. The Psychology of Grading and Scoring chapter in Essential Writing Skills for College & Beyond. Textbook. 9. ABC Company’s Policy & Procedures Committee. No Date. Employee Dress and Attendance Policy. Policy in my office. 10. Henry M. Sayre. 2014. The Humanities: Culture, Continuity and Change, Vol. 1. This is the HUM111 textbook. 11. Savannah Student. 2018. Image. http://www.studentsite.com 12. Don Dollarsign. 2018. Chart. http://www.allaboutthemoney.com 13. Company Newsletter Name. 2018. Table. Company Newsletter Printed Copy (provided upon request). Strayer University Writing Standards 9 Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric. Points: 135 Assignment 4: Supply Chain Management and Financial Plan Meets Unacceptable Minimum Criteria Below 60% F Expectations 60-69% D 1. Prepare a simple Did not submit Insufficiently pro forma or incompletely prepared a (projected) income prepared a simple pro statement and simple pro forma balance sheet for the forma (projected) first two years of (projected) income operation, using income statement and income projections statement and balance sheet and incorporating an balance sheet for the first advertising plan. for the first two two years of Weight: 25% years of operation, operation, using using income income projections projections and and incorporating an incorporating advertising plan. an advertising plan. 2. Outline a plan for Did not submit Insufficiently hiring and retaining or incompletely outlined a competent, outlined a plan plan for hiring motivated employees for hiring and and retaining for your business. retaining competent, Weight: 25% competent, motivated motivated employees for employees for your business. your business. 3. Prepare an outline Did not submit Insufficiently for a “pitch,” i.e., a or incompletely prepared an short 20–30 minute prepared an outline for a business plan outline for a “pitch,” i.e., a presentation that will “pitch,” i.e., a short 20–30 be made to lenders short 20–30 minute or investors. minute business business plan Weight: 35% plan presentation presentation that that will be will be made to made to Fair 70-79% C Proficient 80-89% B Exemplary 90-100% A Partially prepared a simple pro forma (projected) income statement and balance sheet for the first two years of operation, using income projections and incorporating an advertising plan. Partially outlined a plan for hiring and retaining competent, motivated employees for your business. Satisfactorily Thoroughly prepared a prepared a simple pro simple pro forma forma (projected) (projected) income income statement and statement and balance sheet balance sheet for the first for the first two years of two years of operation, operation, using income using income projections projections and and incorporating incorporating an advertising an advertising plan. plan. Satisfactorily Thoroughly outlined a outlined a plan for hiring plan for hiring and retaining and retaining competent, competent, motivated motivated employees for employees for your business. your business. Partially prepared an outline for a “pitch,” i.e., a short 20–30 minute business plan presentation that will be made to Satisfactorily prepared an outline for a “pitch,” i.e., a short 20–30 minute business plan presentation that will be made to Thoroughly prepared an outline for a “pitch,” i.e., a short 20–30 minute business plan presentation that will be made to 4. Two (2) references outside the textbook Weight: 5% 5. Clarity, writing mechanics, and formatting requirements. Weight: 10% lenders or investors. No references provided lenders or investors. Does not meet the required number of references; all references poor quality choices. More than 8 errors present 7-8 errors present lenders or investors. Does not meet the required number of references; some references poor quality choices. 5-6 errors present lenders or lenders or investors. investors. Meets number Exceeds of required number of references; all required references references; all high quality references choices. high quality choices. 3-4 errors present 0-2 errors present MARKETING STRATEGIES 1 Marketing Plan Fahad Syed Bus 402 8/25/2019 MARKETING STRATEGIES 2 Introduction Different entrepreneurs tend to want to improve their business by ensuring profits in the market of the products and getting customers from all angles. Primary target market It is a foreseen profit predicted by business entrepreneurs. In this assignment, the primary target market was to ensure that they get customers and ensure the production of quality products. Three methods of researching customer need and wants. Customers’ needs and wants can be known through various methods that include, interviewing customers and asking them the products they need and how to be served as customers. Their needs can be known for recording experiences. It has been proven that keeping records of how one's business operates greatly and positively helps in improving the business. By working on the shortcomings and avoiding the repetition of previously done mistakes. Lastly, knowing the needs and wants of customers. A follow me home research routine can be done. Customers will be followed to their homes or workplaces to closely watch how they operate and know there likes and preference. Thus helping in delivering quality services. Describe the following terms in business marketing a) Marketing mix It is an action, plan or tactic done by different entrepreneurs in ensuring well promotion done to the product, to gain customers. It requires a lot of research and consultations. b) Product MARKETING STRATEGIES 3 Product strategy is a tactic or plan used by different entrepreneurs to ensure that their products gain market to the customers. This helps in developing a market program for the product (Chartered Institute of Marketing, 2018). c) Pricing strategy Pricing strategies are the plans put in place to check on the pricing of different products in the company. These strategies include skimming of prices, discount pricing, and competitive pricing. d) Promotion Involves marketers informing and persuading consumers on their products and the benefits and advantages of the products, by creating awareness on their products to the customers. e) Placement/ Distribution It focuses on open exposure of products to the customers. By showcasing the products to the customers, for them to know more about the products being sold to them. One-year advertising budget For my one-year advertising budget, I will ensure that before the release of the product to the market. Campaigns of the product will be done to the customers by way of advertising through social media platforms, televisions and even locally to the markets to reach the people. My advertising budget will also include targeting different classes of people of different ages. For instance, if a product is directed to kids who are in school, the product will be advertised in schools and even given to pupils for free before the product being introduced to the market. Small business management MARKETING STRATEGIES 4 Small businesses are privately owned businesses that have lesser employees or in most cases, they tend to only have the owner of the business to run it or the owner can as well employ someone to run the business on his behalf. Necessary activities to start a business For one to start up a business certain activities need to be included to make the business successful. They include; checking on the production sector that includes the marketing and designing sectors. (Stanley, September 01, 2018). The second activity should include problemsolving techniques that will help the business to solve some of its financial problems. The third activity includes creating platforms for business advertising programs. The fourth activity includes creating effective networks that will help ensure that products have a market. The last one is ensuring a working financial plan that will check on the financial issues. Key decisions to start a small business Do your research; before one decides to start a business, he should first research the business he/she wants to venture into. Map your finances; all business requires money for them to be well run. One should first source for capital that will help in starting and running the business. Understand the risk; before venturing into any business one is supposed to be aware of the risks that are involved in the business. (Stanley, September 01, 2018). Issues in business management Like all businesses, small businesses also tend to experience issues that include being bankrupt always brought about by poor management of the business. Lack of a steady market for its product, markets are now becoming hard to find thus the need to have a good plan for your MARKETING STRATEGIES business. Competition from other people who have also ventured in the same business is also an issue in business management. Conclusion In conclusion, for entrepreneurs to succeed in their various businesses, they need to well organize their businesses by having a market plan that will focus on all these issues and avoid getting involved in risks that always affect the business badly. 5 MARKETING STRATEGIES 6 Reference David, C., & Stanley, C. (September 01, 2018). Marketing Planning in Small Enterprises: A Model and Some Empirical Evidence. Journal of Consumer Marketing. Chartered Institute of Marketing. (2018). Marketing planning. Oxford: Butterworth-Heinemann McDonald, M. H. B., & Wilson, H. (2018). Marketing plans: How to prepare them, how to use them. Chichester, West Sussex: Wiley.
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Hello. I am through with the paper, I passed it through grammarly to ensure that grammar is perfect and also turnitin for plagiarism. The paper is good now. However, you can contact me in case you want anything more. pleasure working with you. goodbye

Running head: SUPPLY CHAIN MANAGEMENT AND FINANCIAL PLAN

SUPPLY CHAIN MANAGEMENT AND FINANCIAL PLAN
Student’s Name
Institution Affiliation
Date

SUPPLY CHAIN MANAGEMENT AND FINANCIAL PLAN

1

Supply Chain Management and Financial Plan

Projected Income Statement, Balance Sheet, and Advertising Plan
Company Name

Year 1

Year 2

Income Statement
Revenue
Sales revenue

$ 33,500.00

$ 48,575.00

Other services revenue

$

$

Total Revenues

$ 39,500.00

$ 57,275.00

Administration

$

3,500.00

$

5,075.00

Advertising

$

6,000.00

$

8,700.00

Salaries & Wages

$ 10,000.00

$ 14,500.00

Rent

$

5,000.00

$

7,250.00

Utilities

$

3,000.00

$

4,350.00

Insurance

$

1,500.00

$

2,175.00

Depreciation

$

750.00

$

1,087.50

Repairs & Maintenance

$

950.00

$

1,377.50

Total Expenses

$ 30,700.00

$ 44,515.00

Net Income

$

$ 12,760.00

6,000.00

8,700.00

Expenses

8,800.00

Balance Sheet
Current Assets
Cash

$ 10,000.00

$ 14,500.00

Debtors

$ 17,800.00

$ 25,810.00

Stock

$

6,500....


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