Comic book store

This project will require students to identify as business that they would like to own or manage, develop a
master budget, provide a budget justification / list of assumptions, and identify areas that they would focus on to ensure their success. The budget period must be one year.
You will also provide a budget justification, which is a breakout that lists the assumptions and resources you used to come up with the
numbers in your budget. A good resource to utilize is Biz Stats or another standard cost / benchmarking site.
Documentation Required:
All sources should be cited using APA formatting.
Report Requirements:
Each team will submit a report addressing the following:
Brief description of your business including: Desired Location, Hours of operation, Services provided, and
description of space needs.
Master Budget for a one year period
At minimum, must include:
Sales
Costs of Sales/ Costs of Good Sold
Gross Profit
Salary & Wages
Benefits
Rent
Advertising/ Marketing
Net Profit
Budget Justification for the numbers provided in each line item
Reflection:
Answer the following two questions:
As the owner or manager of this business what areas would you keep an eye on to ensure peak performance?
What type of analysis would you perform to ensure you are on the right track and how often would you conduct your analysis?