ACC/220 Business Plan for The Watertower Caf�: Structure, Financial Management, and Growth Strategy
A business plan focusing on financial management and growth strategy for The Watertower Caf�.
Claire Mitchell
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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
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
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
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Document Details
University
Hult International Business School
Subject
Accounting