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Working Capital What makes our camp so unique in terms of business is the
Requirements fact that it only operates for ten weeks during the summer,
which results in low operating costs and overall expenses.
Because it is seasonal service orientated, there is very little
capital required to start such a business. Our first summer of operation will be in 2005, however, we will begin advertising during the fall of 2004. This will allow a sufficient amount of time for parents to research our camp and to utilize our early registration discount prices. Open registration will begin in January and will close the first week of May. In order to secure a place in our camp, parents will be required to pay entire summer fees during the initial registration process. As a result of such a measure, we as a camp will begin to build an early source of income starting in January.
Financing Mix
Financial Analysis
Opening Balance Sheet In the Balance Sheet, there are many different equations and formulas created to provide a starting point from which to measure future changes regarding assets and liabilities. In the following financial analysis, we will justify our financial decisions. All financial statements are listed as tables or figures after the financial summaries. A complete Business Budget is listed in Appendix E. All financial ratios are listed in Appendix F.
1.) Prepaid Expenses in Current Assets- This includes all items in the Licenses Account ($725.00), the Insurance Account ($3,850.00), the Rent account ($2,250.00), and postage ($148.00).
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