courseprojectdescription xdownload.svg
week 1 assignment of this project is required ,i attach 4 files ,its only 10 point. only have 3 company Papa Geo’s, The Cutting Edge, and Wireless World choice .
plsese let me know if u have any qustion its look too much but its first week that why im going to send u all the info what i get from him .
Week
Deliverable
Points
1
Section 1.0 Executive Summary (Draft)
10
Dear Class:
In Week 1, your first course project activity is due on the closing Sunday night.
PLEASE get off on the right foot by reviewing the course project description shown below the syllabus, by downloading your course project documents from Doc Sharing, and by following directions in the documents about the assignment deliverables and which documents to submit to the weekly Drop Box.
In Doc Sharing, you will download these DVU project documents:
>Course Project Description x
>Course_Project_Budget_Proposal_Template x
>Project Activity Week 1 x (and those for Weeks 2 – 7)
>Budget Proposal Workbook.xlsx
You have three choices provided in the course project description: Papa Geo’s, The Cutting Edge, and Wireless World. Please do not create a different company or recycle a project from another class, as I will reject it and you will have to start over with a loss of grade points.
Students are building their budget proposal in stages, week by week, and submitting draft assignments. Each week you will submit the Word course project budget proposal template. Starting in Week 2 you will ALSO submit the Excel budget proposal workbook. Please do NOT submit individual Word or Excel documents for a week’s assignment or chop up the Word course project budget proposal template or the Excel budget proposal workbook. Instead, submit the entire Word course project budget proposal template and the entire Excel workbook and add your new work each week as you go along.
On the cover page of the Word Course Project Budget Proposal Template, please enter the name of the course project company you have selected, and underneath that enter the five-year period covered by your proposal, such as 2017 – 2021. Also, in the lower left hand corner of the cover sheet, please enter the DeVry March 2017 term, your name, and my name.
In Week 1, students will complete only the first paragraph in Section 1.0 Executive Summary in the Word course project budget proposal template. An executive summary is a high level and brief summary of what is to follow. The Word project activity week 1 document explains what you need to do. It is easy. I recommend that students leave the second and third paragraphs as-is in Section 1.0, as they will be updated in the Week 7 final version when students have that information that will be developed later in our course. If you delete those paragraphs now, it is possible that you will forget to complete them in the final version.
DeVry University
Course Project Description
BUSN278 Budgeting and Forecasting
BUSN278 CourseProject
Project Overview
This is an individual project where you will be acting as a consultant to an entrepreneur who wants to start a new business.As the consultant, you’ll create a 5-year budget that supports the entrepreneur’s vision and strategy, as well as the needs for equipment, labor, and other start-up costs.
You can choose from one of three types of new business start-ups—a landscaping company, a restaurant, or an electronics store that sells portable computing devices.Each business has its own business profile detailed in the sections below.The purpose of the business profile is to guide you in understanding the scope of the business, the entrepreneur’s start-up costs, and financial assumptions.
The project requires you to create a written budget proposal, a supporting Excel workbook showing your calculations, and a PowerPoint presentation summarizing the key elements of the budget proposal, which you assume will be presented to a management team.
This is an individual project.Each week you will complete a section of the project in draft form.In Week 7, you will submit the final version of the project’s budget proposal, budget workbook, and budget presentation in PowerPoint.
Deliverables Schedule and Points
Week
Deliverable
Points
1
Section 1.0 Executive Summary (Draft)
10
2
Section 2.0 Sales Forecast (Draft)
10
3
Section 3.0 Capital Expenditure Budget (Draft)
10
4
Section 4.0 Investment Analysis (Draft)
10
5
Section 5.1 Pro Forma Income Statement and 5.2 Balance Sheet (Draft)
10
6
Section 5.3Pro Forma Cash Budget (Draft)
10
7
Final Budget Proposal
90
7
Final Presentation with PowerPoint
30
Total project points
180
Business Profile:Papa Geo’s—Restaurant
Vision
The vision of the entrepreneur is to create a single-location, sit-down Italian restaurant called Papa Geo’s.The goal is to generate an income of $40,000 per year, starting sometime in the second year of operation, as wells as profit that is at least 2% of sales.
Strategy
a)Market Focus and Analysis
The restaurant targets middle- to lowermiddle-class families with children, as well as adults and seniors, located in Orlando, Florida.The area within 15 minutes of the store has 10,000 families, mostly from lower to middle-class neighborhoods.Average family size is four people per household.There is no direct competition; however, there are fast food restaurants like McDonald’s, Taco Bell, and Wendy’s in the geographical target market.The lower to middle-class population is growing at about 6% per year over the next 5years in this area.
b)Product
The product is Italian food served buffet style, in an all-you-can-eat format, with a salad bar, pizza, several different types of pasta with three or four types of sauces, soup, desserts, and a self-serve soda bar.The restaurant is also to have a 500square foot gaming area that has game machines that children would be interested in using.
c)Basis of Competition
Customers come to this restaurant because of the good Italian food at a low price—you can get a meal for $7, including drinks.Customers also eat at Papa Geo’s due to the cleanliness of the facility, the speed of getting seated and served, and the game machines that keep the children busy while adults enjoy their meal.
Start-Up Requirements*
Given Costs
· The cost of registering a limited liability company in Florida—filing fees listed at the bottom of the application located at
http://form.sunbiz.org/pdf/cr2e047
· Renovation of the facility expected to cost $15,000
· Business insurance, estimated at $1,000 per year
· Health and other benefits at 20% of the salaries of the manager and assistant manager
Costs you should estimate through research, experience, or other methods
· Soda fountain bar
· Twopizza ovens
· Salad and pizza/dessert bar
· Approximately 100square foot commercial refrigerator
· Two cash registers
· Six video game machines
· Management office with desk and lowerpriced laptop computer
· Staff lunchroom equipment such as microwave, sink, cupboards, and refrigerator
· 20 four-seattables with chairs
· Busing cart for transporting dirty dishes from the dining area to the dishwashing area
· 140 sets of dishes, including cutlery and drinking cups
· Commercial dishwasher
· Miscellaneous cooking and food handling equipment like trays, lifters, spoons, pots,and so on
· The cost of an average of sevenemployees on the payroll
· All operating costs, such as advertising, rent for a 3,500 square foot facility with male and female washrooms (already installed), utilities, maintenance, and annual depreciation
*If you have questions about start-up requirements, or think that other start-up costs necessary for the business are missing, then make an assumption and state it in the relevant section of the report.
Given Financial Assumptions*
· The owner will be granted a loan for the initial start-up, repayable over 10 years at current interest rates for small business loans.
· The owner will use personal funds to operate the business until it generates enough cashflow to fund itself.
· Essentially, all sales are made by credit card. All credit card sales are paid to the restaurant daily by the credit card company.
· A total of 2.5% of sales are paid to the credit card company in fees.
· Food suppliers give 30 days of trade credit.
· Inventories are expected to be approximately 10% of the following month’s sales.
· The average meal costs $4 in materials and labor.
· The average family spends $4on vending machine tokens.
· Equipment is depreciated on a straight-line basis over 5 years.
· Managers have health benefits, and other workers do not.
The company will operate from 10:00 a.m. to 9:00 p.m.,7 days a week.
· The entrepreneur will manage the store and draw a salary.
· Every shift has one person on the cash register, one keeping the food bars stocked with food, two cooking the food, one on busing and table cleaning, a manager, and an assistant manager.
*If you believe any other assumptions are necessary, please state them in your budget proposal.
Business Profile: The Cutting Edge—Landscaping
Vision
The vision of the entrepreneur is to create a five-team landscaping business that caters to upscale neighborhoods in Miami, Florida.The company is to be called The Cutting Edge.The goal of the entrepreneur is to generate income of at least $42,000 per year as his personal salary, as well as profits of 4% after tax no later than the second year of operation.The entrepreneur intends to buy a route of 100 homes from a lawn service company whose owner is retiring.
Strategy
a)Market Focus and Analysis
The landscaping business targets upscale neighborhoods with home associations that demand lawns to be manicured and wellcared for.Customers tend to be upper middle to upperclass individuals with household income levels of $110,000 or more.The geographic focus is Miami and its surrounding area.The area is expected to show slow economic growth of about 1% per year over the next 5 years.
b)Product
The product is lawn maintenance and landscaping services as well as minor irrigation equipment repair.The primary source of income is expected to be in the form of lawn-cutting, debris-blowing, and edge-trimming services.However, the company will also do reseeding, landscaping and foliage or tree planting, tree trimming, and light irrigation system repair when necessary to keep its customer’s lawns watered and healthy.
c)Basis of Competition
Customers hire the Cutting Edge due to its employees’ reliability (showing up when they are supposed to), its quality lawn service, and its ability to keep lawn sprinkler systems in good repair, sparing the homeowner the inconvenience of calling a sprinkler repair for minor repairs such as broken or clogged sprinkler heads or other minor sprinkler system repairs.
Start-Up Requirements*
Given Costs
· The cost of registering a limited liability company in Florida—filing fees listed at the bottom of the application located at http://form.sunbiz.org/pdf/cr2e047
· Business insurance, estimated at $1,000 per year
· No health benefits except for the owner of the business
· Workers’ compensation fees
· The cost of the initial route of 100 homes, at a cost of $120,000
Costs you should estimate through research, experience, or other methods
· Team equipment for lawn cutting, which includes equipment for a two-person team
· A pickup truck
· A trailer
· A large riding lawnmower
· A smaller riding lawnmower
· A push lawnmower
· Two gas-powered lawntrimmers
· Two gas-powered lawn edgers
· Safety equipment for eye and ear protection
· Tools for minor equipment repair on the job
· A drink cooler
· Two gas-powered blowers
· Two tree or hedge trimmers
· Two long ladders
· Buck saws for cutting branches
· The cost of 10 workers, two per team
· All operating costs such as advertising, phone, a small 400 square foot office complete with utilities, Internet, laptop computer,accounting software like QuickBooks, office supplies, and annual depreciation on equipment.
*If you have questions about start-up requirements, or think other start-up costs necessary for the business are missing, then make an assumption and state it in the relevant section of the report.
This list is not necessarily complete.
Given Financial Assumptions*
· The owner will be granted a loan for the initial start-up, repayable over 10 years at current interest rates for small business loans.
· The owner will use personal funds to operate the business until it generates enough cashflow to fund itself.
· Essentially, 60% sales are made by credit card and 40% are made by check.All credit card sales are paid to the company daily by the credit card company.
· A total of 2.5% of credit card sales are paid to the credit card company in fees.
· The average lawn service costs $150 per month.Irrigation repairs are minimal at an average of $50 per customer per year, and landscaping and other services are about $200 per customer per year.
· Equipment is depreciated on a straight-line basis over 5 years.
· The owner has health benefits, and other workers do not.
· Each lawn takes about 1.5 hours to cut and manicure, as well as any other repairs or extra services like tree or shrub trimming.
· The entrepreneur will manage the company and draw a salary, but will not service lawns or perform other services.
*If you believe any other assumptions are necessary, please state them in your budget proposal.
Business Profile: Wireless World
—Wireless Device Retail Store
Vision
The vision of the entrepreneur is to create a single-location retail operation that sells portable wireless devices called Wireless World.The company sells phones, wireless e-book readers, high-end notebook and netbook computers, iPads, and other wireless computing devices.
Strategy
a)Market Focus/Analysis
This store targets tech-savvy individuals who are mostly students from wealthy families or working adults between the ages of 22 and 49 years of age.These individuals either purchase the products because they love wireless gadgets, think the gadgets will improve their productivity, or think the wireless gadgets are fashionable and consistent with their lifestyle.The store is located in a high-end shopping center called Millennia Mall alongside Neiman Marcus, Macy’s, and other high-end stores.
b)Product
Products are cutting edge wireless devices from brand name companies, as well as specialty companies that have unique products that are not readily available at other stores.
c)Basis of Competition
Customers shop at the store for the high-end shopping experience; knowledgeable staff; superior customer service and return policies;and the broad selection of well-known, brand-name products, as well as lesser known companies with highly unique and innovative wireless devices.They also shop at the store because it is stocked with cutting-edge products that are new to the market.
Start-Up Requirements*
Given Costs
· The cost of registering a limited liability company in Florida—filing fees listed at the bottom of the application located at http://form.sunbiz.org/pdf/cr2e047
· Renovation of the facility expected to cost $25,000
· Business insurance, estimated at $1,000 per year
· Health and other benefits are 20% of the salaries of the manager and assistant manager
· Initial investment in inventory is $20,000
Costs you should estimate through research, experience, or other methods
· The cost of an average of sevenemployees on the payroll
· All operating costs, such as advertising, rent for a 3,500 square foot facility with male and female washrooms (already installed), utilities, maintenance, and annual depreciation.
*If you have questions about start-up requirements, or think other start-up costs necessary for the business are missing, then make an assumption and state it in the relevant section of the report.
Given Financial Assumptions*
· The owner will be granted a loan for the initial start-up, repayable over 10 years at current interest rates for small business loans.
· The owner will use personal funds to operate the business until it generates enough cashflow to fund itself.
· Essentially, all sales are made by credit card. All credit card sales are paid to the store daily by the credit card company.
· A total of 2.5% of sales are paid to the credit card company in fees.
· Merchandise suppliers give 30 days of trade credit.
· Inventories are expected to be approximately 10% of the following month’s sales.
· Managers have health benefits, and other workers do not.
· The company will operate from 10:00 a.m. to 9:00 p.m., 6 days a week.
· The entrepreneur will manage the store and draw a salary.
*If you believe any other assumptions are necessary, please state them in your budget proposal.
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All rights reserved.No part of this work may be reproduced or used in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, Web distribution or information storage and retrieval systems—without the prior consent of DeVry Educational Development Corporation.
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