TASK LIST: To complete this assignment you will need to: Set up a run a business using SimVenture software for 12 Months. Starting computer simulation parameters: Your initial capital is to be £25000 of your own money. You are a Young Starter. Difficulty setting is moderate. You will be required to prepare a 12 month business review which includes the following: (1) Business background section [30 marks] • Introduction • Chairman's statement • Overview of product/service, and a review of potential changes to be made • A review of the relationship between the business and its stakeholder groups. (2) Financials Section [30 marks] • 12 month Income statement • Balance sheet as at the end of the year • Cash flow statement, • Budgets as appropriate including project capital budgets • Appropriate financial ratios, and an assessment of their value (3) Future developments [30 marks] • Sources of finance actual and potential statement, • Company mission statements The review is to be accompanied with appendices, which show • Monthly production sales and profit figures [for 12 months] • Monthly cash flows into and out of the business [for 12 months] • Capital/loan requirements and timing • Marketing/product/customer analysis. Note this is your analysis based on any research carried out by you or on your behalf. Assessment Presentation [10 marks in total]