Hi, I need to answer the 6 questions at the end of the paper. The first five question I have a friends answers, You just need to reword. Here are the answers:Fred Roger 1.Your Role as a Financial Resource ? As a third partner in Air Taxi, my entire network of contacts comes with me. From senior executives at top financial institutions and technology gurus to billionaire entrepreneurs and franchise executives, my network spans the globe. Not only does my personal knowledge and experience bring much reputability to the business, but also my entrepreneurial mindset would propel this company to its maximum potential. As co-owner of the business, I would personally be responsible for ensuring the best industry financial practices are implemented within the organization. By accepting ownership at Air Taxi, I would take it upon myself to ensure the long-term financial success of the company. 2. Constructing the Business Plan ? There are several documents that I would produce when creating the financial section of the business plan: ? Pro forma documents (cash flow, income statement, balance sheet) ? Industry research and private aircraft charter revenues in the U.S. ? Cost structure of service ? Ancillary services to be offered ? Working Capital ? Equity ? Ratio Analysis ? Leverage (debt) ratios ? Current Ratio ? Account receivable turnover ratio ? Days sales outstanding (DSO) ? Total asset turnover ? Debt-to-equity ? Debt-to-total-assets ratio ? Debt coverage ratio ? Coverage ratio ? Gross profit margin ratio ? Operating profit margin ratio ? Net Profit Margin Ratio ? Return on Equity Ratio ? Break Even Quantity ? Break Even Dollars 3. Revenue Forecasts ? I would do a through analysis of the industry competition. I would take an industry average of cost in relations to air fare costs. Revenue projections for this new business model would be difficult to forecast, so an educated guess would be created. 4. Costs and Expense Forecasts ? Besides the costs that Louis and Fred have come up with, there are other factors to consider when projecting operating expenses: ? Consulting fees ? Legal representation retainer ? Memberships and subscriptions to organizations ? Office equipment ? Corporate office space build out costs ? Printing and promotional costs ? Training of staff ? Travel expense ? Website ? Advertising costs ? Entertainment 5. Capital Requirements ? After the business plan is completed, the financial portion will reveal the capital requirements of this venture. Several people including some of my experienced financial analysts that will help Air Taxi determine whether or not the financial projections are accurate. This review will determine more accurately how much additional capital will be needed to launch this venture. The analysis will also address any unaccounted capital expenses that the company may need. Air Taxi will raise capital in several tranches. The first will help launch the business into the first year; whereas the second and possibly third, will allow the business to expand into more areas of the U.S. and international markets. Another option that Air Taxi will explore is to enter into a strategic partnership with a credit agency like GE Capital. For the customers that want terms or to pay on credit, Air Taxi will offer them that option with a credit agency. Air Taxi will collect the cash minus 10% and the credit agency will deal with the delinquent customers through its already established collection agency. Although the debt-financing route is attractive because we would not have to forfeit a percentage of the company, equity capital is less risky if the business should not be as successful as planned. Through equity financing, Air Taxi would gain the expertise of a savvy investor with a wealth of knowledge, experience, and financial backing. The raising of capital would come in several tranches. Each time, the investor would gain a percentage of the company. For example, the first round of investments would take in $200,000 for 12.5% of the company. At the next round of capital funding, the investment would be $500,000 for another 12.5% of the company. At this point, the three co-owners would be 25% shareholders of the company, but have no debt to repay to any lending body. This should take the company through a substantial growth curve and be a stable business. Should there be another need for capital funding, a $1 million dollar investment would buy 10% of the company. This would leave more than 21% ownership per original owner. Even if a quarter of Louis and Fred?s predictions come true, this Air Taxi will be more than a $30 million business in the first year. If their projections hold completed true, than this will be a $250 million dollar business by the third year. As a saying goes, ?it?s better to have 21% of something, than 33% of nothing.?,Hi, I want to know if you accepted the assignment. Thank you,Hi, I receive the first 5 question. The number #6 I didn't receive. Thank you,Hello, Sorry, but I need this answer for today. I have class at 6 pm. Thank you,Thank you. I took to the professor and I need to send the paper tomorrow morning. He also mentioned that some answers were very very similar to other paper.,Hello I am sorry, but I needed the paper for monday. I asked the professor for an extension and I did't receive an answer from you. I need to know when are you going to send me the answer. Thank you,Today. It was for Monday. And the professor gave me two more days.,Sorry, I spoke with a representative this afternoon, he said he was going to cancel the question and give me back my money. I wrote you the teacher only gave me a chance until yesterday. I do not need the answer today. I get a zero.
Paper#1071 | Written in 18-Jul-2015Price : $25