Financial Plan GuidelinesLet's start by explaining what the financial plan section of a business plan is not. The financial section is not the same as accounting. Many people get confused about this fact because the financial projections that you include – profits and losses, balance sheets, and cash flow – look similar to accounting statements that your business generates. However, accounting looks back in time, starting today and taking a historical view. Business planning or forecasting is a forward-looking view, beginning today and going into the future.For this section, you will need to remember the graph exercises we completed in class. In the graphs we studied, there was a sales target and also a breakeven point. For this financial plan section, you will design a graph and you will explain your product’s sales (profits and losses). You must include both components in your financial plan, a visual graph and a written explanation and analysis of what is taking place over time. This is essentially the same as the exercise you completed in Mini Assignment # 5. Remember to include the terms we used in describing graphs. You should have detailed information that is not random, but rather gives relevant and realistic information about your product or service. Words we used (among others in previous exercises):Fluctuate, unstable Rise, rising, roseIncreased, decreased, fell, plunged Rapidly, wildly, steadily, graduallyStable, peaked, bottomed off

J.A. Hobson, a British theorist, and Vladimir Lenin, the Russian revolutionary and leader of the Bolshevik (later Communist Party) in the Soviet Union, both criticized late 19th century imperialism as a capitalist conspiracy by “big business” to subjugate colonies for pure economic gain.  Colonies provided cheap raw materials and guaranteed markets for European and U.S. “trusts and monopolies”.  But what about ideological factors such as the idea of the “civilizing mission” or Manifest Destiny? By the late 19th century, the U.S. joined other European powers in constructing an empire.

British perspective: According to the documents that support the British position (Declaratory Act,Soame Jenyns and Samuel Johnson), what is the relationship of the colonies to Great Britain? What rights and authority does Great Britain have over the colonies?American perspective: According to documents supporting the American position (Resolutions of the Stamp Act Congress, The Rights of the British Colonists Asserted and Proved), what rights belong to the colonists? How do they view the relationship between the colonies and Great Britain?