Business Plan ACC/220 Business Plan for The Watertower Café: Structure, Financial Management, and Growth Strategy Based on your business plan for The Watertower Café, discuss the reasons for choosing a sole proprietorship as the business structure. How does accounting play a role in the startup and financial management of your café, and what key characteristics will you look for when hiring accounting staff? In your response, also explain the importance of budgeting, internal controls, and cash management for the success of your business. Word Count Requirement: 750 - 1000 words Business Plan Business Plan Author : ACC / 220 Date: Instructor : Business Plan The following paper describes what the name of my business is, what type of business structure it is, why I chose this structure, what type of services or products does my business provide, what role accounting will play in the start up of my business, what work characteristics that I will look for in hiring my staff, what education a person should have in budgeting, internal controls, and cash management, what kind of internal controls I will put in place for my business, and how will my managers use the financial information to predict outcomes for my business. The name of my business is The Watertower Café. The Watertower is an extraordinary little café in the heart of the business district in downtown Hollywood, MD . The Watertower Café will be open from 7:30 a.m. until 3:30 p.m. providing the business community an affordable, healthy, nutritious, and delicious alternative to fast food and brown bag lunching. In an effort to add to the economic base in the community, The Watertower Café will feature fresh