Demographic Data And Pro-Forma Financial Statements

Part 1

Demographic data basically includes a variety of characteristics with regards to the population. The five demographic data I would consider in coming up with a decision to as concerns this site are sex, race, age, mobility as well as location. First, age would be a good demographic because I would need to know the size of uniforms to design.Secondly, sex would be useful to help me design relevant activities for each category for the clubs tour events. Race, mobility and location would help me set the charges and come up with a calendar of events.

Part 2

Pro-forma financial statements are financial statements that show and break down financial activities using the generally accepted financial statements prescribed format. These statements include the cash flow statements, income statement and the statement of financial position (SOFP). These statements are vital as investors or potential investors can use them for forecasting future performance (Jackling 2007).According to Shaw (2007), to finance an internet business, one has a wide range of possibilities to pursue. One can choose to go for a bank loan or sell shares to potential investors. Getting financing especially from bank or other financing sources requires a well written business plan. One can either choose to draw up his or her own business plan or seek help from a financial expert.However, one should be careful while seeking sources of finance for an internet business. There exist rogue financiers who are only interested in getting your business idea and then implementing it behind your back (Shaw 2007). One should also ensure he or she gets adequate financing to avoid stalls along the way.

References

Jackling, B. (2007). Accounting: A Framework for Decision Making, 2^nd Edition. McGraw-Hill

Shaw, E. (2007). How to start your own internet business. Retrieved May 20^th 2010 from http://www.independent.co.uk/money/how-to-start-your-own-internet-business-461031.html

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