The Financial Plan: Contributing to the Success of the Business Operations
Miché Jones
Kaplan University
MT499: Bachelors Capstone in Management
Professor Ernest Norris
July 28, 2015

The Financial Plan: Contributing to the Success of the Business Operations
Startup Expenses and Expected Generated Revenue
Business startup costs vary depending on the type of business that owners plan to operate. Factors such as wages paid to employees, equipment, products, services, location, and advertising all play a major role in spending costs. Startup costs can be quite expensive. Business owners seek financial assistance from the government, private foundation agencies and other external resources to aid with covering the costs. They develop a financial plan that displays, in great detail, the financial elements of the business so that they are aware of the funds that they need to begin their operations. The financial plan consists of pricing models, income statements, balance sheets, break-even analyses, and cash flow analyses that helps business owners determine if they are ready financially to open their business. The goal of this paper is to discuss the financial plan that Be All That You Can Be Learning & Recreational Center has developed that will contribute to the success of their company. The paper will include information discussing the company’s startup costs, pricing model, income statement, balance sheet, break-even analysis, and cash flow analysis. These financial documents represent the core of the company and will determine if the company can achieve longevity. Be All That You Can Be estimates its startup costs to be $58,600. The company plans to seek financial assistance from the government and loan companies to cover the costs. The facility that the company is interested in renting will require a deposit of $3,450 which includes public utilities