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Assignment: Financial Objectives
Purpose
To assess your ability to describe the four main financial objectives of entrepreneurial ventures..
Overview
Any organization, especially a new enterprise should have an understanding, based on the intentions of the entrepreneur/owner, of what they need/want to accomplish financially with their business. It isn’t about just making a money, there are obligations that are always present; and how you prepare for them will be the difference between stability, sustainability, and potential failure!
Action Items
- Describe each of the four main financial objectives of an enterprise.
- Explain how you intend to engage these objectives and which of the four will be a major goal within the first five years of your enterprise and why.
Submission Instructions
By the due date indicated, upload your file using the Submit tool.
Grading Criteria
| Points Earned At the college level, the emphasis in grading is on the content of assignments and the effectiveness of communication. |
Minimum Expected Points Assignment Meets All Minimum Requirements |
Maximum Points Assignment Significantly Exceeds Minimum Requirements |
| Content (~100%) relevance, accuracy, depth |
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| Description of financial objectives of an enterprise: the student provided thorough description for the four main financial objectives of an enterprise (Profitability, Liquidity, Efficiency and Stability). | 20 | 25 |
| Explanation of engagement of the financial objectives by the enterprise: the student, based on his/her understanding and appropriateness of the financial objectives, described how to reach these objectives within the first five years and summarized the importance of these objectives according to the vision for success. | 20 | 25 |
| Subtotal (points earned before any applicable deductions) | 40 | 50 |
| Points Deducted Error-free mechanics and meeting stated format criteria are the baseline expectations for assignments. Points will be deducted for failing to meet these requirements. |
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| Mechanics (~ -10%) grammar, spelling, punctuation |
up to -5 | |
| Format (~ -10%) length – enough detail to give an accurate analysis without going into minutiae or making false assumptions. |
up to -5 | |
| Total (points earned minus any applicable deductions) | 0 – 50 | |