1.Develop a well-defined paragraph that outlines your business model. This will explain how your company will make money and earn a profit (part of PA1).

2.Discuss the importance of financial planning of your company and how it fits into your business model.

3.Deliverables for this assignment are: 1. Business Model & 2. Financial Goals

The initial stage of your business plan entails taking your vision about your entrepreneurial venture and establishing a roadmap for creating it through fruition. An integral part of the business plan is to develop a business model. Simply put a business model describes how a company plans to make money. It is not what you do, but how you will make money doing what you do. The actual financial results come from your company as a money-making machine (Meyer, & Crane, 2014).

A solid business model is the link between the venture strategy and financial plans. Projecting the financial performance and requirements can be classified as financial goals of the venture. There are four (4) key deliverables in the financial planning phase for most ventures: (a) a five-year detailed projection revenue, (b) a five-year Pro Forma P&L, (c) a five-year Pro Forma Cash Flow Statement, and (d) a fiveyear Pro Forma Balance Sheet (Meyer, & Crane, 2014).

You are to develop a 1.) Business Model (chapter 5) and 2.) establish Financial Goals (Chapter 9) per the details outlines in this PA and as outlined in the textbook; 2 to 3 pages

PS For question #1&2 use minimum two peer reviewed references that must match with in text citation, for question #3 use minimum 5

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