AU Uber Technologies Financial Plan

User Generated

RFZbz

Business Finance

Averett University

Description

Draft the following sections of your Business Plan:

  • Financial Plan
  • Desired Financing

Explain what resources must be in place before your business opportunity can start and whether bootstrap financing is sufficient to get the business going.

Evaluate your alternatives for financing your business opportunity.

Explanation & Answer:
3 pages
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Explanation & Answer

Attached.

Financial Plan
Uber Technologies Inc. will require about $ 3.8 million to set up everything. The most
significant items required to start the business will be; computers, telephone, credit card
machine, organization website, business registration fee, stationeries, car tracking devices and
other furniture are among others (Authority & Britain, 2000). About five million dollars will be
needed in cash to maintain the daily business operations for the duration of one year. The five
million will be used in paying wages and rent up to the time the business will begin making some
profits.
Projected financial statements
Startup Needs
Startup costs

AMOUNT IN $

Legal registrations

100,000

Stationeries

300,000

Brochures (Advertisement)

100,000

Consultants
Insurance
Rent
Experienced Equipment
TOTAL

25,000
5,000
150,000
95,000
775,000

INCOME STATEMENT
Revenues
Sales

250,000

Other services income

30,000

Total income

280,000

Expenses
Cost of production

105,000

Depreciation expenses

20,000

Wages

10,000

Rent

15000

Supplies

5000

Utilities

5000

Total expenses

160,000

Net profit

120000

CASH FLOW STATEMENT

NET PROFITS

120000

CASH FLOW OPERATIONS
Cash received from
Customers

900000

Other operations

100000
1,120,000

CASH PAID FOR
Purchase for raw materials

400000

Administration costs

100000

Income tax paid

150000
750,000

NET CASH FLOW

370,000
BALANCE SHEETS

ASSETS
Current assets
Cash

3800000

Accounts receivables

2000000

Prepaid rent

150000

Inventory

125000

TOTAL

6,075000

Long term Assets
Accumulated Depreciation
Buildings
TOTAL

20,000
1,600,000
1,620,000

TOT...


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