Preferred learners
- Anywhere
- Academic experience
Categories
Project scope
- What is the main goal for this project?
-
We are excited to grow our business, (Ultralogix, is an indigenous owned, female lead data company.. having a financial plan is one of the keys to success, and we would like to involve students in creating one for our venture.
This will involve several different steps for the students, including:
- Learning about our business strategy from various employees to become familiar with our goals, mission, and products.
- Creating forecasts using Excel (or another financial software) for sales in the first year of operation as well as an income projection (conservative and aggressive).
- Working with our team to develop an expense budget.
- Conducting a break-even analysis timeline using financial projections.
- Reporting on projected assets and liabilities.
- Including visual comparisons such as graphs and charts to show the differences between the conservative and aggressive income projection.
- What tasks will learners need to complete to achieve the project goal?
-
By the end of the project, students should complete the following list of activities (this is basically a retelling of the steps above):
- Completed a sales forecast and an income projection for the next year of operations.
- Conducted a break-even analysis using the sales forecast and expense budget.
- Analyzed projected assets and liabilities our company will have in the next year of operations.
- Included extra visuals in the report to help us understand the differences between the conservative and aggressive income projections.
Final deliverables:
- A final report including a sales forecast, income projection, expense budget, break-even point, assets, liabilities, as well as any calculations and assumptions used.
- A 30-minute presentation explaining all research and findings from the report.
- What is the main goal for this project?
-
We are excited to grow our business, (Ultralogix, is an indigenous owned, female lead data company.. having a financial plan is one of the keys to success, and we would like to involve students in creating one for our venture.
This will involve several different steps for the students, including:
- Learning about our business strategy from various employees to become familiar with our goals, mission, and products.
- Creating forecasts using Excel (or another financial software) for sales in the first year of operation as well as an income projection (conservative and aggressive).
- Working with our team to develop an expense budget.
- Conducting a break-even analysis timeline using financial projections.
- Reporting on projected assets and liabilities.
- Including visual comparisons such as graphs and charts to show the differences between the conservative and aggressive income projection.
- What tasks will learners need to complete to achieve the project goal?
-
By the end of the project, students should complete the following list of activities (this is basically a retelling of the steps above):
- Completed a sales forecast and an income projection for the next year of operations.
- Conducted a break-even analysis using the sales forecast and expense budget.
- Analyzed projected assets and liabilities our company will have in the next year of operations.
- Included extra visuals in the report to help us understand the differences between the conservative and aggressive income projections.
Final deliverables:
- A final report including a sales forecast, income projection, expense budget, break-even point, assets, liabilities, as well as any calculations and assumptions used.
- A 30-minute presentation explaining all research and findings from the report.
- How will you support learners in completing the project?
-
Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:
- What does our company do?
- Where will we be located? Who is our target audience?
- How much money do we have to start? How much are we seeking from investors?
- What type of expenses are we anticipating?
- What skills or technologies will help learners to complete the project?
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In order to complete this project, students can self-teach, but it is beneficial to be familiar with:
- Accounting concepts including sales forecasting and breakeven analysis.
- Business strategy.
- Startups and entrepreneurial knowledge.
- Basic excel calculations and commands.
Nice to haves for students include
- Experience with financial modeling software.
Again, students can complete this project without any of the prior knowledge listed here. Students will be expected to research and learn more about this above as the project goes along.
About the company
- https://www.ultralogix.ca
- 2 - 10 employees
- Business services, It & computing, Business & management
We provide Data Acquisition, Data Analysis, Data Entry & CRM. Our primary target market in Northwest BC with a focus on supporting Indigenous Community. We are an Indigenous owned, female lead organization.