By year 3 we will have the knowledge and efficiencies in place to begin our budgeting and planning for expanding. We plan on keeping our business model, which is to focus on providing students and people with allergies with a convenient food options. We will set aside retained earnings as time progresses to fund our expansion. Also as time progresses, we will continue to set aside cash for research and development. This research will be focused on the production of food, as well as customers wants and needs. We will be allocating resources to production because we plan on being able to produce our own food in the future. This will significantly lower the cost of goods we sell, which is a large expense on our statements. The final investment we will be setting aside money for will be to purchase our own delivery
By year 3 we will have the knowledge and efficiencies in place to begin our budgeting and planning for expanding. We plan on keeping our business model, which is to focus on providing students and people with allergies with a convenient food options. We will set aside retained earnings as time progresses to fund our expansion. Also as time progresses, we will continue to set aside cash for research and development. This research will be focused on the production of food, as well as customers wants and needs. We will be allocating resources to production because we plan on being able to produce our own food in the future. This will significantly lower the cost of goods we sell, which is a large expense on our statements. The final investment we will be setting aside money for will be to purchase our own delivery