UM Business Plans Finance Management Paper

Description

I’m thinking of a business plan where we upcycle furniture and rent them to college students to furnish their college dorm or off-campus apartment. I need help coming up with the following:

Problem and solution: Why is it needed and what makes it unique. Description of the service.
Financial sough: Identify your potential expenses and capital requirements. How will you use the money?
Financial Projections: Create your financial statements, when to achieve profitability

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Here you will find a file called ncome statement This is an easy version to estimate your total
business expenses, revenue and profit. I require two years projections.
Revenue: it is calculated by quantity * price per unit. For example, you plan to sell 50 units in
January 2018 and charge 10 dollars per unit. So the revenue for January 2018 will be
50*10=500. For the whole 2018 year, revenue will be 500*12=6000.
Expenses: only put the number in the boxes that is related to your business ideas. You do not
need to have all the numbers there in Expenses. Expenses are sources to estimate how much
money that you will put from yourself or you may need from investors.
Net income (profit): the excel sheet will calculate profit.
If there is anything unclear, please let me know.

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