You Are An Entrepreneur? Essay

1711 Words Aug 30th, 2015 7 Pages
You Are an Entrepreneur!
Sydney Blanks
ACC557: Financial Accounting
Strayer University
Professor Herbert Watkins
August 17, 2015
Level 1 Heading: Describe the type of business you have created including:
a) The product or service, and general staffing plan. Provide a rationale for your plan.
b) The form of your business and the benefits it offers your particular business,
c) A chart of accounts specific to your business, including a rationale as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for the lender/investor. It should report the expected resources that you will consume in your business (assets), the sources of those resources (liabilities and equity), the sources of revenue, and expenditures that you expect to incur to earn those revenues. You may build a detailed chart that includes business units, divisions, product lines, etc.)

I have created a restaurant business that will specialize in Louisiana Creole food, mainly “Gumbo”. Gumbo is a stew or soup that originated in Louisiana and has many tasteful ingredients. Those that love gumbo, typically like it spicy, however it is made in various ways. My restaurant’s gumbo will consist of chicken, beef, oysters, crab meat, shrimp, vegetables, okra, and various other ingredients and spices. Those involved in the business are my business partner, who is from Louisiana and familiar with creating amazing creole cuisines, in addition to two amazing chefs and me, who will…

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