Interactive Two Finantial Team Segundo Fabián Tello Parra

1. ENTREPRENEUR
DEVELOPMENT
Business star-up Simulation
FINANCIAL TEAM
SEGUNDO FABIAN TELLO PARRA
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2. List suppliers, prices, and terms.
Suppliers are essential to almost every business.
Without raw materials to make what you sell or
manufacturers to provide what you resell, you
will have a tough time growing. There are also
many supplies and services your business
consumes as part of general overhead, from
paper clips to Internet access, light, water, etc.
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3. Develop financial record keeping system
Provide and maintain a safe workplace, plant
and equipment; provide safe systems of work;
provide the information, instruction, training
and supervision necessary to that employees
endanger neither themselves nor their
colleagues, provide and maintain a safe and
healthy environment.
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4. Produce proform income statement
An income statement is a key financial
document in business. It shows the
profitability of a company over a specific
period of time. The following guide shows
you how to prepare a simple multi-step
income statement. A multi-step income
statement separates operating income and
expenses from non-operating items.
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5. Produce proform balance sheet
A balance sheet is a picture of a company’s net worth at a
given time, such as the end of the year. It reflects the company’s
assets, liabilities and owner’s equity. It’s important to create and
review this financial statement to track the growth (or
contraction) of your business. As the term implies, a balance
sheet is a two-column statement of items that are the same:
both columns should balance each other out. The first column
is a list of assets. The second column is the sum of a list of
liabilities and the owner’s equity in the business. Expressed as
an equation, the balance sheet shows: Assets = Liabilities +
Owner’s Equity
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6. References:
http://www.ndwa.co.uk/media/guidance-for-handling-dogs.pdf
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