Financial Projections
Key objectives and financial review.
The total amount of money needed to start-up this partnership business will be approximately $80000. A partnership agreement is signed between the four partners who are Mr. Ahad Insha, Mr. Shahryar Abbasi, Mr. Samiullah Abbasi and Ms. Jenisha. Each partner will pay $20000 after signing the partnership agreement. Funding is important because without that we can not set-up a business as there are important payments that have to made on time e.g. payment for Land, Labor and Capital. The investment made by owners of the business is done from their personal savings. The total bank loan is approximately $70000 and the total long-term interest that has to be paid for the loan is approximately $10000. The plan is to minimize the costs of the business as much as possible so that the objectives like customer satisfaction and more profit can be achieved.
Business Start-up costs.
It is very important for the people involved in a particular business activity to know about the costs of the business. So before starting the business one of the four partners Samiullah Abbasi who is also the finance manager of the business made an estimate of the business start-up costs. The total cost including fixed and variable cost both are about $145000 and the total investment money is gathered is $150000. So with the help of this we now know that the funded amount is enough to
Key objectives and financial review.
The total amount of money needed to start-up this partnership business will be approximately $80000. A partnership agreement is signed between the four partners who are Mr. Ahad Insha, Mr. Shahryar Abbasi, Mr. Samiullah Abbasi and Ms. Jenisha. Each partner will pay $20000 after signing the partnership agreement. Funding is important because without that we can not set-up a business as there are important payments that have to made on time e.g. payment for Land, Labor and Capital. The investment made by owners of the business is done from their personal savings. The total bank loan is approximately $70000 and the total long-term interest that has to be paid for the loan is approximately $10000. The plan is to minimize the costs of the business as much as possible so that the objectives like customer satisfaction and more profit can be achieved.
Business Start-up costs.
It is very important for the people involved in a particular business activity to know about the costs of the business. So before starting the business one of the four partners Samiullah Abbasi who is also the finance manager of the business made an estimate of the business start-up costs. The total cost including fixed and variable cost both are about $145000 and the total investment money is gathered is $150000. So with the help of this we now know that the funded amount is enough to