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Ginny's Vermont Treats: A Sweet Start-Up Story

Follow Ginny's journey as she invests, buys equipment, sells products, and manages cash flow in her new business venture. Learn about her investments, expenses, and earnings as she builds Ginny's Vermont Treats from the ground up. Explore the financial aspects of starting a small business and see how Ginny navigates the challenges and successes along the way.

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Ginny's Vermont Treats: A Sweet Start-Up Story

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Presentation Transcript

  1. GVT Exercise 1

  2. Starting Up • Ginny starts the business. She invests $5,000 of her own money, and opens a checking account for Ginny's Vermont Treats (GVT). (For our purposes, money in the checking account is cash.)

  3. Starting Up • She buys an oven for $800 (cash). • She buys a mixing machine for $400 (cash). • She buys $500 worth of confection mix, on credit. • She buys $200 worth of Gift Box packaging, on credit.

  4. Starting Up • She gets busy. Her worker makes 80 gift boxes. • She pays her worker $80 for the labor. • She goes to a farmers' market and sells all the gift boxes for $10 each.

  5. Starting Up • How much money has the business made? • How much does the business OWE? • How much does the business OWN? • How much is the original $5,000 investment WORTH?

  6. Starting Up • Fill out exercise one. When completed, watch the answer on the next video.

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