ACC 220 Week 9 Business Plan Final Project

ACC 220 Week 9 Business Plan Final Project - Business Plan...

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Business Plan Business Plan Chrissy Weeks ACC/220 August 28, 2011 Alicia Hubbard
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Business Plan 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 locally grown produce. By using fresh locally grown produce the Café supports friends and neighbors in the community. The Watertower Café will have an in-house bakery featuring fresh baked breads, cookies, pastries, and more. For the overly dedicated professional who works too much that they forget to eat breakfast, the Café will offer freshly brewed gourmet coffees, fruit juices, bakery goods, fresh fruit, hot and cold cereals, and healthy breakfast burritos. Lunch is the meal not miss! The Café will offer savory soups, gourmet salads, mountainous sandwiches, and unbelievable desserts at an affordable price. The Café will be environmentally friendly with a relaxing atmosphere catering to the professionals working in the business district of Hollywood, MD. However, for those dedicated souls not willing to leave the desk, The Watertower Café will deliver. The Watertower Café will use a sole proprietorship as its business structure. After careful review, weighing the pros and cons with a licensed tax professional the decision to use a sole proprietorship is the most practical approach for this business entity. A sole proprietorship makes
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ACC 220 Week 9 Business Plan Final Project - Business Plan...

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