Creating Your Dream Job Essay Example | Topics and Well Written Essays - 1750 words - 1

Creating Your Dream Job - Essay Example It involves a comprehensive evaluation of an investor’s current and future financial condition by using the current variables to predict future cash flows, value of assets and withdrawal plan. In formulating a business plan, the proprietor must hire the services of tax and financial professionals who enables him to estimate with greater degree of accuracy the financial requirements (Abrams, 2005, p. 248). Financial plan objectively requires before executing a Bookstore small business. This is because a lump sum of capital must be invested to facilitate the establishment and operational needs of finance. It requires a huge amount of capital simply because there are many competing needs such as purchasing of storehouse, the furnishing of stall and stocks required. In addition to this, more finance is required to establish a modern Bookstore that will remain competitive in the Bookstore market. General financial planning The business operates using a store within the town. All le gal formalities of purchasing storehouse will be initiated. The store is worth $ 50,000 which will be finances using two available sources of finance, business mortgage and personal savings. The firm will aim at minimizing the overall debt of finance by taking different loan portfolios and diversified financial investments. The loan will be acquired from local bank based on the interest charged and most preferably, the bank shall offer loan at relatively lower price. In addition to this, measures have to be taken to provide financing for any emergency financial needs of the firm. To this end, regular saving will be made on the firm’s saving account. The main goal of this strategy is to ensure continuity in business operations even under unfavorable market conditions. Special circumstances Prior establishment of the business, considerations have to be made on special circumstances that may occur in day-to-day operation of business. Such circumstances include legal conflict, pr obability of loss due to uncertain events, tax noncompliance dispute and so on (Abrams, 2005, p. 250). To this end, the firm intent to establish various departments under administration to cater for this unforeseen circumstance and financial allocation