Preview: ... ar to $129,800. Our net cash flow for the first year is projected at $22,000, increasing to $93,000 in our second year and $81,700 in our third year. We project ending our first year with a cash balance of $23,000, increasing to $117,000 in our second year and $198,000 in our third year. We anticipate our accounting net worth at the end of our first year to be approximately negative ($10,000), increasing to a positive $62,000 in our second year and $142,000 in our third year.

The owner is aware of the highly risky nature of launching an entertainment-based restaurant establishment. If the venture fails, the owner's paid-in capital and expenses may not be recovered. If the venture is undercapitalized and requires more working capital, the owner will consider bringing on investment partners. The owner will also review the return-on-investment for personally providing more paid-in capital. In the event that net profitability cannot be attained, the owner will take sequential steps to exit the venture, as outlined in the Exit Strategy section of the Financial Plan.


Highlights



1.1 Objectives

The purpose of this business plan is to estimate start-up and ongoing costs; identify revenue streams; and forecast net cash flow and profits. The venture will be funded solely through paid-in capital provided by the owner.

The concept of E3 Playhouse is to provide an entertainment, education, and restaurant venue in downtown Santa Cruz. The establishment will provide a live entertainment venue; a restaurant; community-based courses in music and the arts; a retail component o ...

Preview: ... oc attached for ...

Preview: ... tion of items that may have a value yet are not specific in nature such as organizational cost, patents, copyrights and trademarks. I will reflect monies owed accruals of interest on those monies and also the amounts of excess over operating expenditures that have not been distributed. It is the basis of calculating taxes owed and due as well as a parameter as to the health of the entity and is essential for owners and managers in calculating and projecting operational problems, budgets and compensation. With out accounting no entity could survive. It is the essential information needed to not only run but also perpetuate a continued enterprise.


When hiring my accounting staff, I would look for qualities such as ability to understand and prepare the financial information for the companies and ambitious attitude. The following attributes are key to the personnel I hire.
1. Team work and ability to gel with other team members and co-workers
2. Accounting Knowledge and application of the knowledge to day to day job
3. Use of computers and efficiency of work
4. Ability to aid the upper management and finance department in finding solutions to the reports and problems that they are looking for.

In a business like accounting, there is no repl ...