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Your group has decided to team up as business partners to start a new business. Study various lines of small businesses in Fiji. Select your group's preferred line of business. For this part of your assignment, you will be required to conduct relevant financial analysis and to write a one-paged Executive Summary.
Your group has decided to team up as business partners to start a new business. Study various lines of small businesses in Fiji. Select your group's preferred line of business. For this part of your assignment, you will be required to conduct relevant financial analysis and to write a one-paged Executive Summary.
Your group has decided to team up as business partners to start a new business. Study various lines of small businesses in Fiji. Select your group's preferred line of business. For this part of your assignment, you will be required to conduct relevant financial analysis and to write a one-paged Executive Summary.
(10% of course grade) Semester Two, 2014 OFFICIAL (HARDCOPY) DUE DATE: October 15, Wednesday, Beginning of Lecture Softcopy: Submit on Moodle no later than 3 hours after it is due (Deadline for Clarifications: Wednesday October 8)
Part I. Financial Analysis and Executive Summary (60 marks)
Your group has decided to team up as business partners to start a new business. Study various lines of small businesses in Fiji. Select your groups preferred line of business. [Relevant discussions will be conducted during tutorials.]
For this part of your assignment, you will be required to conduct relevant financial analysis and to write a one-paged Executive Summary.
Executive Summary (20/60 marks)
Finance: Estimation of monthly cash flows (10/60 marks) This is to be done in Excel. Present relevant figures from Excel in Table 1 of your report. Below the table present the justification for each estimate; refer to relevant sources where applicable.
Project Evaluation and Scenario Analyses (30/60 marks) What is the Net Present Value for your proposed business (use a five-year projection of cash flows with an estimated terminal value for the business. (Hint: Review calculations of cash flows. You will need to estimate all relevant values to calculate net income and cash flows. Some assumptions may be made.) Other relevant issues: _______________________
This is to be done in Excel. Label all headings and items clearly. On the bottom of each table, clearly explain which figures are changed under the Optimistic and Pessimistic scenario. Present estimations from Excel in Tables 2, 2A and 2B for the expected, optimistic and pessimistic scenarios, respectively. Justify the estimated changes; present the justifications below each table.
Is this a profitable project? In the Executive Summary, briefly comment on your investment decision based on the NPV estimates.
Part II. Lessons learned from a small business owner-manager (30 marks)
With the intention to help your group increase the success of your new business, you have decided to conduct an interview with a small business owner/manager to obtain more insights into your selected line of business. Write a one-page report highlighting what you have learned from the owner-manager. Present other details during your group presentation. FM202 2
(Note: Your group must first seek a small business owner/manager who is willing to be interviewed. Preferably that business is in the same line of business you intend to operate in. If possible, do not interview family of any of the group members so that you have a broader exposure to the real world. Start early because this search can be time consuming.) GUIDELINE FOR INTERVIEW 1. Pre-draft all the interview questions and come up with a list before the interview. Discuss with your group members about the roles of each member during the interview and organize the order of questions to be asked. 2. Try to meet at the company so that you can observe their daily operations. All group members must be present for the interview and take your own notes so that you can contribute in the write up. 3. Make sure that you arrive at the company at least 5 minutes before the interview time to show your respect and that you value this interview. [Being on time also shows your time management skills and professionalism (two of the USP Graduate Attributes).]
Guideline on questions: Your interview questions should include but not limited to the following: i. How to run a small business effectively? ii. What is the owner-managers financial advice? iii. How to minimize costs? iv. What are the possible problems/challenges and how to solve these problems? v. How to be profitable? vi. How to be successful? vii. Any other advice?
Report writing and presentation (10 marks)
This assignment must be typed and all work is to be presented professionally. Limit your entire report to no more than 3 pages, double-spaced with Time New Roman Font size 12 (a smaller font size will not be accepted). The page limit excludes tables, cover page, declaration of originality and reference page.
Bullet points may be used to highlight or summarize ideas or findings where appropriate.
Important: In this course, you are expected to write in proper and formal English. Although this is not an English course, a university student is expected to write and communicate fluently in English (see the USP Graduate Attributes). Make sure you edit all your written work carefully and do a spell check on the final version of your assignment before handing it in. Any typos, incomplete sentences or grammatical errors may cost you marks.
FM202 3 Your checklist: 1. Before submitting the report, edit your report for clarity, presentations (organisation, flow) and do a spell check on the final version. Please write in proper English. Poor or unclear writing will cost you marks. 2. References (not counted in the page limit). List all websites and resources in which you obtained or quoted information. Remember NOT to keep copy and paste written materials from elsewhere without referencing. Paraphrase whenever possible. 3. The order of your hard-copy report should be organized as follows: I. A Cover Page (names of all members, sorted by alphabetical order: last name, first name; ID number). II. Declaration of Originality (all members must sign for the report to be acceptable for marking). III. Content IV. References. V. Appendices. VI. Penalty applies for not following instructions. Note: In order to be fair to every student in this paper, please do not show your answers to your lecturer for feedback prior to the due date. You may clarify with your lecturer (please note the deadline for Questions-and-Answers period) if the questions are not clear but please do not ask for specific hint or if your approach or answer is correct prior to handing in your assignments. Late submission of assignments The hardcopy of the assignment must be handed in on time as specified in the deadline. Note that failure to submit an assignment on time will lead to a penalty. Ten percent of total possible (assignments) marks will be deducted from the mark the work merits for each day, or part of a day, that the assignment is submitted after the due time. Any assignment submitted after a model answer has been made available will automatically be awarded a zero (0). REMINDER: PLAGIARISMS WILL NOT BE TOLERATED. Plagiarism and Dishonest Practice in Coursework: No plagiarism, please! All cheating and dishonest practices (copying, plagiarism, collusion, etc) in relation to assignments, tests and examinations will be awarded a 0 grade to ALL parties involved. This write up should be the original creation of your group. If any part of your write up is similar to any other sources without proper quotations, the assignment will automatically be given a zero. Any assignments from different groups that share any similar write-up or analyses will all be given a zero. The case will also be referred to the Student Disciplinary Committee for disciplinary action.