Pretty hair salon
Follow the same scenario from Assessment One…
Tasks:
i. Prepare all of the listed financial reports, including a one-page information sheet to explain to the reader how you have decided on these figures
ii. Write a document in the same style as previous assessments that describes the factors influencing the control of your business.
iii. Prepare a 5 min presentation for the class selling your business concept as a successful option
Key elements:
a) Financial performance:
o Prepare a cash budget
o Prepare a profit and loss statement (income statement)
o Prepare a balance sheet
o Prepare a break-even analysis
o Describe what creditors and debtors are and explain the impact to the business in both situations.
b) Legal constraints:
o Describe four constraints from central government that directly have an effect on your business
o Describe one constraint from local government that directly effects your business
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