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W6 Discussion “Case: Better Living Patio Rooms”

Entrepreneurship

Case: Better Living Patio Rooms

Only 1 paragraph is needed

Better Living Patio Rooms is a well established small business that installs add-on patio rooms. The owner has a chance to get another territory from the dealer but is cash constrained. Case is a .pdf file in this week’s folder. This is a wide open discussion. Describe the situation and advise the owner on what he should do.

Better Living Patio Rooms

W6 Assignment “Financial Plan Final Draft”

Entrepreneurship

Financial Plan Final Draft

Continued from last week. Complete the remainder of the plan by developing the following:

1. Year 2: Quarterly income statements and cash flows; year-end balance sheet.

2. Years 3-5: Year end statements of income, cash flow and balance sheet. (Note: if you are using the Moyes template go to 5 years; if you used the SCORE template, it only goes to 3 years—don’t jump through hoops to do years 4 and 5.

Note: Use the same spreadsheet you started with last week. Hopefully you used one of the available templates and this is just a matter of adding on more years. Be sure to include the key assumptions from last week on one of the sheets of the workbook.

Please combine both assignments into the final draft which includes the components in this order:

1. A list of key assumptions that drive your financial model. It is strongly encouraged that you find comparable companies and use industry ratios to justify your assumptions.

2. Year 1: Monthly and year-end income statements and cash flows; year-end balance sheet.

3. Year 2: Quarterly income statements and cash flows; year-end balance sheet.

4. Years 3-5: Year end statements of income, cash flow and balance sheet.