Assignment Question
Develop a proposal that targets a business/organization/league/team etc. and propose a business budget/plan that will ideally target to increase revenues and profits in the short and/or long term. You can think of this project as the culmination of everything you know in Sport Finance. Your presentation should be persuasive and convince me and others that your idea is a good one, in order to attract investors and/or financial backing. In further detail, create a business plan accompanied by a pro forma budget for a sports related business of your choice. It can be an online service, sports/apparel store, sports team, existing business or new, that needs to raise funds for expansion, start up costs etc. The emphasis should be on the financial and budgeting part of the business plan (not marketing, strategic planning, production issues, etc), although all aspects should be discussed. You will be expected to produce work prior to the final deadline in stages as listed below:
1. What type of business entity would you choose and why?
2. You have $10k of your own money to invest in your sports related business. Explain how you will use that money and why.
3. How can the business raise the money required to build a new sports facility, for example? Or would you choose stocks, bonds to raise money? Points to include are (but not limited to): Emphasize financial projections and capital needs for your business project. Revenue/expense sources Business structure (non profit, profit) Financial planning (capital needs, projections, industry norms) Forecasting of potential revenues Budgeting for the future (short and long term) Sources of capital Capital growth Minimum requirement, 6 pages
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