Explain the financial requirements for the venture

Question

In this assignment, you will develop organizational and financial plans for your business idea.

Write an eight (8) page paper in which you:

Develop key parts of an organizational plan.

1. Describe the legal form of your business (proprietorship, partnership, or corporation).
2. Justify the legal form you selected by detailing its advantages over other forms.
3. Identify the positions and describe the roles of the executive management team.
4. Address whether or not you will use a board of directors and / or a board of advisors and why.

Develop the rudiments of a financial plan:

1. Explain the financial requirements for the venture, including the amounts needed for cash flow and profitability.
2. Create a cost of operating report for your venture.
3. Prepare a break-even analysis for your venture.
4. Explain the sources of funding for the venture.
5. Research and cite at least five (5) reputable academic sources.

Your assignment must follow these formatting requirements:

• Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
• 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:

• Examine the organization plan options and how the organizational structure aligns with the business strategy.
• Analyze the financial planning process for a new venture.
• Analyze different sources of capital to determine the appropriate financing for a business venture.
• Use technology and information resources to research issues in entrepreneurship and innovation.
• Write clearly and concisely about entrepreneurship and innovation using proper writing mechanics.