MGT 465 Week 4 Financials and Human Resources Planning Financials and Human Resources Planning Section One: Start-up Financials Start-up Expenses- Complete the SCORE.org template and attach as an object here: Pricing Strategy- Document the team’s pricing strategy. Include competitive data and factors used to develop a strategy and model. Attach supporting documentation as needed. Financial Statements- Summarize the purpose of Financial Statements and why it is important for small business owners to understand the key components of: Balance Sheet Income Statement Cash Flow Statement Break-even Analysis Part Two: Human Resource Planning for a Start-up Business 1. Describe below how your team will determine human resource requirements during the first 12 months of operation. Provide a Human Resource Forecast that includes: Number of hourly employees- full time, part time Use of student employees- seasonal, after school Management structure Skilled labor requirements- certifications, licenses, etc. Volunteers to be used Family member employment 2. Include any charts your team wants to include to illustrate the Human Resource Planning Process.
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