1. Professor Sharon Brown

2.  First rough draft  Set up the “pieces”: Coversheet Executive Summary Body References

3. Your friend, Mike, has just purchased a business. Because Mike knows that you have just received your Associate’s in Accounting at Kaplan University, he has asked for you help in evaluating the firm. Mike is not asking you to make a decision for him; he just wants you to help provide him with facts as you see them.

4. Your task is to analyze the business and report your findings to Mike. Be sure to tell Mike everything that you can think of that will aid him once he takes over ownership from the seller. Tell him what he will need to deal with in terms of setting up his new business, and the challenges that he will face. Remember, this is your good friend, and you want him to succeed in this new venture.

5. You will present Mike with a report, using APA format, with the following structure: 1. Coversheet 2. Executive Summary 3. Body  Regulations  Management  Finance and Accounting  Financial Statements  Problem Solving 4. Reference Page

7.  Overview of your findings  “Sneak peek” of the information detailed in your paper  Include:  Business name  Business location  What product or service you sell  Purpose of the plan  Read more: http://articles.bplans.com/writing-a- business-plan/writing-an-executive- summary/207#ixzz0rhxBZtjb

8. Explore the five different areas of Tim’s business. For each area, provide detail that contains: 1. Title 2. Summary 3. Action Items HINT: Use your completed Unit Projects to help you! :)

9. 1. Title of Subsection: Name of the business area (Regulations, Management, Finance and Accounting, etc.) 2. Summary: Summary of what you observed in this particular area of the business. Describe any strengths and weaknesses. 3. Action Items: Detail for Mike what he will need to do once he takes ownership of the business. Your recommendations should contain detailed directions of what needs to be done and when. Provide supporting research (citations may be needed)! :)

10.  Suggestions for Mike  Expand business  How would he do this?  Costs?  Where?  Buy or lease a building?  Make improvements/changes to personnel  What are costs involved?  These are just a few thoughts to consider! BE SURE TO SUPPORT YOUR IDEAS WITH RESEARCH!

11. The business simulation is found in unit 9: Click on business simulation

12. Use these to move around

13. Notice the PRICE!

15. What do think about the office equipment? How about the organization? Click on each of the file drawers!

16. Any violation of employment laws?

17. Accurate financial information? Complete?

18. Don’t forget to check for errors!

19. There are 5 different areas ◦ Exterior ◦ Interior view ◦ Back Office ◦ Break room ◦ Store Room Notice document areas (e.g. file cabinet) Mouse over each item to see special notes Check book in the upper right corner for hints on each page.

20.  Remember, your report needs have a professional appearance.  Use good grammar, spelling, and sentence structure.  Use proper APA formatting  Be sure to include each of the sections and the 3 sub sections (Title, summary and action items).

21. Coversheet Executive Summary Regulations Management Finance and Accounting Financial Statements Problem Solving Regulations, management, finance and accounting, financial statements and problem solving need to include a summary and action items

22.  Be sure to review proper APA formatting  Be sure to include citations and reference page  Check your font, size, margins, etc.  Don’t forget to include page numbers on your pages  These are just a few reminders!

23.  References  Separate page  Alphabetic order  Use hanging indent  http://www.calstatela.edu/library/guides/3apa. pdf

24.  Be sure to submit your first rough draft to the Unit 7 DropBox  DUE DATE:  TUESDAY, at 11:59PM ET