Business Plan M.H. Hamdan (2104544)\ Yogita (2100051) University Canada West BUSI 100 BON- FALL- 03 Shawn Ireland December 18, 2021 Academic Integrity Statement: I agree that the work in this assignment is my own work and that I have given credit to all sources of information used in my assignment by including citations and references in APA format. I acknowledge that I am expected to exercise the utmost academic integrity in all work submitted for this course
We have started our gem business as a partnership with the general name of RJ Gems because the business we started needed a huge amount of money and only one couldn’t afford that money. When starting with a partnership we could have able to gain more and for an example Start-up Costs ◦1 st Month Rent = 10,000 ◦Modernize Expense =5,000 ◦Furniture =80,000 ◦Equipment Fee= 200,000 ◦1stMonth Utilize Fee =8,000 ◦1stMonth Advertise =9,000 ◦Total Cost = 312,000 The total startup cost is$312,000. Only one person can’t afford this so we decide to start with a partnership. Partnership has lot of benefits Shared Responsibility Tax Benefit New Ideas More Capital Our Vision is to be Creative, Successful and a leader in the market. Our Mission is to
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