Jurnal Manajemen Bisnis
Vol 10, No 2: September 2019

FINANCIAL PLANNING MODEL FOR ESTABLISHING A NEW BUSINESS A CASE STUDY ON “BLUE OCEAN” RESTAURANT

Salamin, Petrus Pius (Unknown)
Hermawan, Francisca (Unknown)



Article Info

Publish Date
21 Nov 2019

Abstract

This article aims to (1) design an appropriate financial planning model for a restaurant, (2) give an example of a financial planning model that may be can be applied to the same kind of business, (3) give a guidance to the owner and employee in daily financial operational activity. This article is based on (1) the analysis of theory and its application in a real business, especially at  Blue Oceanrestaurant, as a new business, (2) survey on the surrounded area, and (3) interview with  the business’ owners in the surrounding area .We have analyzed all the data and information, and then try to describe it in a financial planning model, consisting of needs and uses of investment funds (Start-up cost), start-up balance sheet, pro forma income statement, cash budget, pro forma endingbalance sheet.It can be concluded that a financial planning model  will give a clear guidance to the owner and the employeehow to manage daily operation and financial control, and it is clear what financial goals and objectives have to be achieved by the owner (in the next five years).

Copyrights © 2019






Journal Info

Abbrev

mb

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Manajemen Bisnis is a bilingual English peer-reviewed journal published twice a year (in March and September) by Universitas Muhammadiyah Yogyakarta in Collaboration with the Association of Management Department of Muhammadiyah Universities (APSMA PTM). Since its first issued in March 2010, ...