Financial Business Plan
Preferred learners
- Anywhere
- Academic experience
Categories
Skills
Project scope
- What is the main goal for this project?
-
We are excited to be launching a new business, (name of business and brief description of what the company will do). With any launch, having a financial plan is one of the keys to success, and we would like to involve students in creating one for our new venture.
This will involve several different steps for the students, including:
- Learning about our business strategy from various employees to become familiar with our goals, mission, and products.
- Creating forecasts using Excel (or another financial software) for sales in the first year of operation as well as an income projection (conservative and aggressive).
- Working with our team to develop an expense budget.
- Conducting a break-even analysis timeline using financial projections.
- Reporting on projected assets and liabilities.
- Including visual comparisons such as graphs and charts to show the differences between the conservative and aggressive income projection.
- What tasks will learners need to complete to achieve the project goal?
-
By the end of the project, students should complete the following list of activities (this is basically a retelling of the steps above):
- Completed a sales forecast and an income projection for the first year of operations.
- Conducted a break-even analysis using the sales forecast and expense budget.
- Analyzed projected assets and liabilities our company will have in the first year of operations.
- Included extra visuals in the report to help us understand the differences between the conservative and aggressive income projections.
Final deliverables:
- A final report including a sales forecast, income projection, expense budget, break-even point, assets, liabilities, as well as any calculations and assumptions used.
- A 30-minute presentation explaining all research and findings from the report.
- What is the main goal for this project?
-
We are excited to be launching a new business, (name of business and brief description of what the company will do). With any launch, having a financial plan is one of the keys to success, and we would like to involve students in creating one for our new venture.
This will involve several different steps for the students, including:
- Learning about our business strategy from various employees to become familiar with our goals, mission, and products.
- Creating forecasts using Excel (or another financial software) for sales in the first year of operation as well as an income projection (conservative and aggressive).
- Working with our team to develop an expense budget.
- Conducting a break-even analysis timeline using financial projections.
- Reporting on projected assets and liabilities.
- Including visual comparisons such as graphs and charts to show the differences between the conservative and aggressive income projection.
- What tasks will learners need to complete to achieve the project goal?
-
By the end of the project, students should complete the following list of activities (this is basically a retelling of the steps above):
- Completed a sales forecast and an income projection for the first year of operations.
- Conducted a break-even analysis using the sales forecast and expense budget.
- Analyzed projected assets and liabilities our company will have in the first year of operations.
- Included extra visuals in the report to help us understand the differences between the conservative and aggressive income projections.
Final deliverables:
- A final report including a sales forecast, income projection, expense budget, break-even point, assets, liabilities, as well as any calculations and assumptions used.
- A 30-minute presentation explaining all research and findings from the report.
- How will you support learners in completing the project?
-
Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:
- What does our company do?
- Where will we be located? Who is our target audience?
- How much money do we have to start? How much are we seeking from investors?
- What type of expenses are we anticipating?
Supported causes
About the company
- https://www.ora-3d.com
- 2 - 10 employees
- Technology, Hospital, health, wellness & medical, Consumer goods & services
Ora-3D Health Inc. is creating assistive dental care devices for adults with special needs. We’ve developed our first autonomous brushing solution that functions with a simple bite and glide motion. Its unique structure encapsulates the teeth accessing six times more surface area and simulates dentist recommended brushing technique – allowing a deeper and more effective clean with minimal manual dexterity. Our product is designed to support adults with special needs ranging from arthritis, multiple sclerosis and those with limited mobility. Especially in nursing homes, where frontline workers are strained by labor from resistance to oral care, Ora-3D's assistive brushing induces autonomy, saves time and improves quality of life for both the frontline staff and the residents.