Business, 12.02.2021 14:00 mparra4761
Task Description You are the CFO of a start-up company called Trucks2Go. You are responsible for the cost-benefit analysis of the business plan. Your company is preparing a business plan to get investment from angel investors and other venture capitalists. The company's business model is essentially serving as an "Uber" platform for truck rentals, pairing people who have trucks (pickups, vans, and even larger vehicles like moving vans) with people who need a short-term rental. Your task in this assignment is mainly concerned with the revenue model of Trucks2Go, which takes data input from other elements of Truck2Go’s business model. Your company provides detailed descriptions of Truks2Go’s value proposition, competitive analysis, and marketing strategies in other sections of the business plan. Note: all numbers and required calculations in this assignment are simplified to suit the purpose of this assignment. In your group project, you will need to provide detailed justification and calculations for any numbers you have in your cost-benefit analysis, based on your value proposition, marketing research/strategies and your competitive analysis. A. Cost Assumptions: The initial target market for the business is the city of Los Angeles. Trucks2go needs funding for setting up its Inspection Center (for interviewing its gig-workers and inspecting their vehicles), the Trucks2go app, the website development, marketing, personnel, etc. The following are the cost assumptions: (detailed justification and calculations for each number is provided elsewhere.) The founders of the company have secured a small business startup loan to start the company. The loan is secured on the physical assets of the Inspection Center and a founder’s personal assets. The loan will cover the initial investment of $100,000 in the Inspection Center and initial app development of $500,000 which is planned to be outsourced. This is a 5 year loan, with an annual interest rate of 6% and monthly payment is scheduled for payback
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Task Description You are the CFO of a start-up company called Trucks2Go. You are responsible for the...
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