Background:

Welcome to your Week 3 Assignment. You are now progressing through your plan to a very key section — Financials. What is in the Financials section? Why is it important? The Financials section includes key information regarding the sales forecast, a statement to investors, and a sample price sheet. This section gives anyone (e.g., investors) reading the business plan with an increased understanding of your business model. This can be very helpful for investors in understanding your potential sales, the reasons why they should invest in your company from a financial perspective, and sample pricing to support your financial models. In more extensive plans, you can include balance sheets, profit and loss statements and more in this section. In consideration of this course, however, we will focus on the three sub-sections below, which take into the three different accounting and finance principles often used in business.

Prompt

For this assignment, you will continue completing your business plan for this course. The business plan sample and guide are both available to you below for reference again. You will only complete the section listed in the Week 3 Business Template this week. You will receive the remaining section in Week 4. In addition to the sample, guide, and template this week, you will also have the financials template spreadsheet that you will use to create a Sales Forecast table and image for this section. The template and formulas already provide you with the foundation that you need to begin focusing on entering data. The guide will provide you with the further assistance. Once you have completed the Week 3 Business Template, please upload it into the appropriate assignment submission area prior to the Saturday of Week 2 11:59 PM MT deadline. Please note the minimum sentences, paragraphs, visuals, and other required elements for your section noted in the guide.