P1 Unit 6 Business Plan

Satisfactory Essays
Financial Plans The proprietor will hire a professional accountant to prepare income statements, profit and loss statements as well as file federal and state income taxes. Figure one depicts the estimated income statement for the business which is $43,795.00 in net taxable income. Implementation Controls The proprietor is responsible for all the marketing activities of the business and adhering to budgets. The owner will track overages and relay them to the accountant on a monthly basis by spreadsheet. The business owner is responsible for any redirection of budget dollars as required for each marketing activity. Within the restaurant, the budget breakdown will be 50 percent allocation to online advertisements and surveys. A 50 percent allocation
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