Financial Portion Of A Business Plan For A Startup Business

mary purpose of this project is to create the financial portion of a business plan for a startup business. An overview of the chosen business model will be provided with advantages and disadvantages of company-operated stores versus franchise businesses. Elements of the financial plan including a description of the financing model, financial projections, and a risk assessment will be presented. Finally, predicted rates of return on the investment will be provided based on investors’ contributions, the type of investors sought, and the selected financing model. Business Model Business Selection This business plan is being created to assess various aspects of opening a Jason’s Deli franchise. While it would be a viable option to start my own†¦show more content†¦Ã¢â‚¬Å"Jason’s Deli stands for three simple concepts: PEOPLE, FOOD and CHOICE† (DMI, Inc., 2015c). The company prides itself on original recipes, organic choices, and commitment to the highest quality hospitality (DMI, Inc., 2015b). PLAN 2 As a future franchise owner and frequent customer, I fully support this statement and believe my community needs this business in its vicinity. Working in partnership with the Director of Franchise, Gene Barber, I would like to open a unit in Lancaster, Ohio. The nearest Jason’s Deli franchise is located in Columbus, OH, which is approximately 30 miles from Lancaster. Advantages and Disadvantages of Company-Operated Stores There are advantages and disadvantages of owning your own business. First, it allows for great flexibility and freedom. The owner can set his own rules, hours, prices, budgets, offerings, etc. She can be innovative and experiment with new items. The owner is in control of every detail, large and small (Goldberg, 2015). In terms of financing, starting your own business can cost less than buying a franchise, and many entrepreneurs have started on a shoestring budget and succeeded (Goldberg, 2015). Entrepreneurs get the opportunity to do what they love on their own terms. Owners can join the Chamber of Commerce, Rotary, or other local business organizations to promote themselves