Assignment 2: “Expanding Your Business”
Andrew Knox
Business 402 Small Business Management
Professor Dotty Heady
Strayer University
August 14, 2014

Abstract

This paper contains a financial plan for a self-created business and discusses the most appropriate location for a new business with a defined reasoning. In addition, it contains a developed guerilla marketing strategy for the small business in questioned and an outlined plan for securing various sources of debt financing for that particular business as well.

Introduction When starting your own business you need to be positively sure of what you want and need to do. More importantly have a plan and be mentally and physically to carry the plan out. In other words bring it to life. You should know or have an idea of what your ideal employee would be like and pursue the right people to fit your business and the persona you would want your business to have. Also look for venture capital angels this could be potential resources to aid you with the ideal of owning and running your own business.
Outline a financial plan for your small business. Startup Expenses | | | Knox’s Mini- Mart | | | | | | | | | Sources of Capital | | | | | | Owners' Investment (name and percent ownership) | | | Andrew Knox 65% ownership | | $ 80,000 - | Other investor | | - | Other investor | | - | Other investor | | - | Total Investment | | $ - | | | | Bank Loans | | | Bank 1 | | $ - | Bank 2 | | - | Bank 3 | | - | Bank 4 | | - | Total Bank Loans | | $ - | | | | Other Loans | | | Source 1 | | $ - | Source