Describe the business, including the type of business.

I want to open a All in one Party place (balloons characters, food, center, music, decorations and host)Assignment Content1.Prepare a financial plan for the company you select for your business plan. This financial plan will be included in your final business plan in your capstone course.Describe the business, including the type of business.Create the business case.oDetermine why funding is needed for the company.oDetermine the sources of funding. Considerself-funding, borrowing, equity, venture capital, etc.oEvaluate the requirements of each funding source you determined appropriate.oAnalyze the associated risks of each funding source.oDecide which sources are the best fit for your company based on the requirements of each. Justify your decision.oEstimate the cost of capital for both short-term and long-term funding sources. Research current estimated APRs for your selected sources of funding. Consider creating a table or chart to display this information.Create a profit-and-loss statement for a 3-year period. Project revenue, stating realistic assumptions, such as growth per year, in your projections.Estimate direct costs, including capital, marketing, labor, and supply costs.