Assignment Please watch the videos, 5 principles of using information technology to improve your business and 6 Stages of Funding listed as Unit 7 Assignment found in the Webliography tab before starting your assigned paper. This is a two-part 5–6 page written project that will focus on Information management systems for your organization utilized in financial planning, and control in your organization. This project also includes the use of Excel® spreadsheets containing financial data and required reports. In part I, describe information technology and information management systems used in marketing, accounting, management control, and discuss how you might use these systems in your organization. In part 2, you will determine the startup funds, source of funding, and create a break-even analysis for your organization using Excel spreadsheets. View the rubric for full Assignment details.

Small Business-Funding Resources 3/28/2010 (7:00PM EST) Small Business-Funding Resources 1. Personal Savings 2. Family & Friends 3. Banks Government Guaranteed Loans Small Business Administration Loans Offices of Economic Development State/Local Entities that provide financing and/or information on other sources of financing Finance Companies Companies that do many car loans and take on high risk commercial loans Venture Capitalists Usually want a share of the business and possibly board seats or exec positions Angels People with money looking for an investment with a better return than traditional investments (could be a next door neighbor or a local doctor) Grants Usually for non-profits, but some available for for-profit companies Contact SCORE or your local Office of Economic Development SCORE Chapter 23 (2019). Funding Sources. Retrieved from http://www.scorerochester.org/help/funding/sources.php MT-499 // Unit 5 Seminar

3/7/2010 (7:00PM EST) Break Even Analysis Can be figured many ways, but basic formulas include: BE = FC + VC You reach the Break Even Point when your Profit = the cost of Fixed Costs and Variable Costs BE = FC/GM where GM = GP/S Break Even Point is reached when Fixed Costs is divided by your Gross Margin (which is Gross Profit/Divided by Sales) and this number equals 1 (one). If your Fixed Costs are $10,000, and your Sales = $40,000, you need a GM of 25% (GP = $10,000) to break even. Keep in mind that lowering costs/expenses or increasing prices will change the breakeven point. When calculating for multiple products: http://businessplanhut.com/break-even-point-when-selling-multiple-products BusinessTown.com, LLC (2003). Accounting projections: Break-even analysis. Retrieved from http://www.businesstown.com/accounting/projections-breakeven.asp Knowledge Institute (2010). Breakeven analysis. Retrieved from http://www.buzgate.org/8.0/la/ft_beven.html MT-499 // Unit 2 Seminar

Break Even Analysis Example 3/7/2010 (7:00PM EST) Break Even Analysis Example JaxWorks. (2015). Small Business Spreadsheet factory. Retrieved from http://www.jaxworks.com/index.htm MT-499 // Unit 2 Seminar