· Illustrate how yourventure would perform by estimating the revenue and expense to calculateoperating profit or loss. Include estimates of your venture’s main sources ofrevenue and the expenses expected in the main cost categories such as the costof goods, sales and marketing, labor, rent, maintenance, and any othersignificant expenses.· Illustrate yourventure’s startup costs by estimating a preopening budget—also termeddevelopment budget—that includes startup costs such as building andconstruction, Web site development, preopening marketing, equipment,merchandise, preopening operations, research and development, working capital,and any other significant preopening expenses. An example of a preopeningbudget may be found in the materials listed on the course page for the University of Phoenix student Web site for Week Twonamed Kudler Opening Budget.
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