Research the costs, financial statements. cash flow, and risks of your chosen project (hospitality industry on the AirBNB ) Based on your research and the knowledge , create a simplified 3 -page financial plan including tables and charts. For the financial plan:
Estimate the capital requirements, use of capital, start-up requirements (if applicable), and other probable costs involved in the implementation and subsequent operation of your project.
Identify the sources of financing. Define a payback period. Prepare cash flow projections.
Prepare a projected balance sheet representing the end of the first calendar year of operations and defining assets and liabilities, both current and long term.
Prepare income statement projections for the end of the first calendar year of operations, including charts showing gross revenues, gross profit, and net income.
Define the meaning of a break-even analysis and prepare an analysis appropriate for your project. Prepare a ratio analysis, including the definition and value of the following ratios (whichever applicable)—current, quick, debt, debt-to-equity, average inventory turnover, receivables turnover, payable turnover, net sales to working capital, net profit to sales, and net profit to equity.
Prepare a list of possible risks associated with the implementation and future operation of your project and describe the significance of each of them.
1. Figure out which 2 online life you will investigate. At that point explore every one inside and out past the KED course book. The web based life stages I decided for my expert advancement are LinkedIn and Google +. There are in excess of 350 million LinkedIn clients on the planet; 107 million of them are in the USA (Smith.) "As indicated by a 2013 overview, near 100% of occupation searchers and spotters utilize LinkedIn as their essential quest for new employment instrument" (Gopalakrishnan.) That's uplifting news. On the off chance that I make an extraordinary LinkedIn profile, it can altogether add to my profession improvement. I as of now have a LinkedIn account. Be that as it may, it should be enhanced so as to help me in my vocation. LinkedIn offers two sorts of records – free and paid. The fundamental highlights of a free record are: "making an expert and point by point LinkedIn profile; building a system of associations without any cutoff points on size or numbers; giving and accepting a boundless number of proposals; joining or making up to 50 distinctive LinkedIn Groups" (Elad.) Paid records have some extra highlights: "making an impression on anybody in the LinkedIn people group — paying little mind to whether she is in your all-encompassing system; seeing more LinkedIn organize profile data when you lead propelled seeks; seeing precisely who has seen your profile and how they touched base at your profile; playing out a reference mind somebody" (Elad.) While a paid record has some extremely helpful highlights, I will utilize my free record for the time being and after that overhaul it if necessary. I have a Google + account also, yet it should be enhanced to accommodate my profession objectives. There are 2.2 billion Google + accounts on the planet however just "about 9% have any freely posted substance" (Barrie.) Google + isn't as well known as LinkedIn. By and by, I see a ton of potential in utilizing Google+ for expert improvement in light of the fact that a deliberately streamlined Google+ record can help to: turn out to be exceedingly unmistakable on the web – Google is the world's greatest web index; interface a YouTube channel, a Facebook page, a Twitter account, and an individual or expert site to a Google+ page; arrange through Circles, Communities, Photo Sharing, Hangouts, and versatile applications; "give further social confirmation legitimizing the profession claims you've made about yourself verbally and in your vocation reports, past whatever else exists online about you" (Guiseppi.) As per Guiseppi, "applicants with the more grounded online impression are additionally engaging contracting leaders." Thus, I have to chip away at my very own online impression by making solid, engaging and proficient LinkedIn and Google+ accounts. 2. Choose what you need to pass on by means of these web-based social networking as a major aspect of your expert image. I will likely set up myself as an accomplished Internet Assessor, interface with experts who work in the IT field to share thoughts and mastery, and conceivably find new profession openings later on. 3. Rundown steps you would need to do to completely partake with these two chose web based life. As LinkedIn and Google+ have distinctive highlights, a few stages would differ for the two systems. As I as of now have accounts on LinkedIn and Google+, I can avoid this progression. 4. Set up a course of events with dates to run with your means. As per Yeats, it might take about a year to build up an expert brand (62) so I am intending to go through 9 a year taking a shot at my vocation profile. LinkedIn Google+ Steps Time Steps Time 1 Begin taking a shot at my profile – the more entire it is, the better my perceivability in the LinkedIn list items will be. Work on feature, synopsis and experience parts of my profile. August 1, 2015 1 Begin chipping away at my profile – the more entire it is, the better my perceivability in Google Search motor will be. Work on feature, rundown and experience parts of my profile. August 1, 2015 2 Contend whatever remains of my profile. Transfer superb cover photograph. September 1, 2015 2 Finish whatever remains of my profile. Transfer superb cover photograph. September 1, 2015 3 Re-arrange segments on my page so the most critical of them will seem first (instruction and encounter) and the less essential would seem last (productions and interests.) October 1, 2015 3 "Art an eye-getting scaled down bio for my hovercard" (King.) October 1, 2015 4 Make an open profile URL and utilize it "as a marking instrument in my email mark and business card" (Yu.) November 1, 2015 4 Import my contacts to Google+ from Microsoft Outlook and LinkedIn. November 1, 2015 5 Begin following organizations I am keen on. December 1, 2015 5 Sort out my contacts in Circles (a business circle, a family circle, a companions circle, and so on.) December 1, 2015 6 Join 50 LinkedIn gatherings – it will help my positioning (Yu.) January 1, 2015 6 Get a custom URL for my Google+ profile and include it my email mark and business card. January 1, 2015 7 Have somewhere around 50 associations. February 1, 2015 7 Find and join specialty explicit networks. February 1, 2015 8 Get supports and proposals from associates and LinkedIn contacts. Walk 1, 2015 8 Connection Facebook, Twitter and YouTube pages to my Google+ account. Walk 1, 2015 9 Begin organizing frequently: "join discussions, draw in with others' substance, and offer my very own substance and thoughts" (Yu.) April 1, 2015 9 Make Google+ catches for my Facebook and YouTube pages. April 1, 2015 10 Request that an expert audit my profile and remark on it so I can make a few upgrades. After the majority of the above is finished, I will: May 1, 2015 10 Figure out how to utilize Hangouts. May 1, 2015 11 Refresh my status routinely. In any event once per week 11 Request that an expert survey my profile and remark on it so I can make a few enhancements. After the majority of the above is finished, I will: June 1, 2015 12 Refresh my page routinely – present connections on intriguing articles, considerations on what's going on in my industry, and so forth. At any rate once every week 12 Offer fascinating substance with the general population in my Circles frequently. At any rate once every week 13 Refresh my profile all the time to keep it current. As required 13 Refresh my profile all the time to keep it current. As required While the estimated time for each progression is multi month, it will be balanced as a few stages can be finished quicker, and the others will take additional time than anticipated. By following the means recorded above, I will reinforce my online nearness, assemble a solid system of expert contacts, and deliberately position myself for future chances. Works Cited: Barrie, Joshua. No one Is Using Google+. Business Insiders. Business Insider, 20 Jan. 2015. Web. 14 June 2015. Elad, Joel. LinkedIn Costs and Benefits. For Dummies. John Wiley and Sons, n.d. Web. 14 June 2015. Gopalakrishnan, Aravind. The most effective method to Leverage LinkedIn's Job Seeker Account. School of Information Studies. Syracuse University, 27 Mar. 2014. Web. 14 June 2015. Guiseppi, Meg. Individual Branding Using Google Plus Profiles. Quest for new employment. NETability, n.d. Web. 14 June 2015. Lord, Cindy. 12 Google+ Marketing Tips from the Pros. Web based life Examiner. Internet based life Examiner, 26 Dec. 2011. Web. 17 June 2015. Smith, Craig. By the Numbers: 125+ Amazing LinkedIn Statistics. DMR. DMR, 6 June 2015. Web. 14 June 2015. Yeats, Martin. Thump Them Dead: The Ultimate Job Search Guide 2015. Avon, MS: Adams Media, 2014. digital book. Yu, Jim. Advance LinkedIn Like A Pro To Boost Your Personal Brand. Advertising Land. Third Door Media, 3 June 2014. Web. 16 June 2015.>GET ANSWER