Posted by lacy on .
Write a 700- to 1,050-word paper, using APA guidelines, based on the scenario below.
You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but only if you can convince them you have a solid plan for the success of this business. Your investor is very concerned with how the accounting functions of this business will be handled. You must persuade your investor to put up the capital by addressing the following questions in your business plan:
o What is the name of your business?
o What type of business structure is it (sole proprietorship, partnership,
o Why did you choose that structure?
o What type of services or products does your business provide?
o What role will accounting play in the start up of your business?
o What type of work characteristics will you look for when hiring your
o What education should a person have in budgeting, internal controls,
and cash management before going into business?
o What kinds of internal controls will you put in place for the business?
o How will your managers use financial information to predict
outcomes for your business?
And what IS the question? "Will we DO this for you?" The answer is "no." We are here to HELP you but I see no post as to HOW you would like us to help. After you write your paper, feel free to repost and hopefully someone will proofread it for you. Hopefully I've guessed at some things that will get you started.
1. APA: Try some of the following sites:
2. Planning for a new business:
3. The role of accounting:
4. Hiring accounting staff:
5. Use of financial information:
P.S. Don't ignore the Related Questions below.
these are great websites. Thank you for pointing me in the right direction. Much appreciated.