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Personal Wellness
Angela has been working for a local small business called Personal Wellness for the last three years. It is a retail business that sells sporting goods equipment. When she started her job, she noticed several things as causes of the business not doing as well as the owners were expecting. Angela has been thinking of starting her own small business because she feels she has learned a great deal through working for Personal Wellness.
Due to her education, attention to detail, and organization skills, Angela's manager asked her to create a business plan for Personal Wellness. The manager hoped that this plan would help organize, structure, and focus the business. As part of the plan, Angela suggested that Personal Wellness contact a group of senior and graduate students to provide management counseling for the company as she is concerned that her leaving the company may be detrimental to the slow, but forward, progress that the company is making and her connection with the owners is strong. Angela's most immediate concern is keeping the business from failing.
-Refer to Personal Wellness. A business plan should answer all of the following questions except
Nonmanufacturing Businesses
Companies that do not produce physical goods, focusing instead on services, retail, distribution, and other non-manufacturing activities.
Operating Expenses Budget
A financial plan detailing the forecasted expenses required to manage and administer a business outside of direct production costs.
Supplemental Schedules
Additional financial documents provided alongside the main financial statements, offering greater detail or breakdown of information.
Staffing Budget
A financial plan that outlines the funds allocated for hiring and compensating employees.
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