Developing a Financial Strategy For Skincare Startup

Closed
Nomobo
Casper, Wyoming, United States
Founder
(7)
4
Project
Academic experience
120 hours per learner
Learner
Anywhere
Advanced level

Project scope

Categories
Accounting Financial modeling
Skills
cost of capital financial statements financial strategy cash flows financial modeling capital structures finance analytical techniques research
Details

The main goal of the project is to leverage the expertise of students from Nottingham Business School to address a critical challenge faced by Nomobo. Specifically, we are seeking their assistance in developing a finance strategy reflective of our short and long-term financing needs. As a startup with limited financial infrastructure in place, this will be crucial to our continued growth and development. The students' knowledge of financial reporting and analysis, along with their ability to apply analytical techniques and theoretical bases, will provide us with actionable recommendations for our finance strategy. By the end of the project, we expect the team of students to deliver a comprehensive report summarizing their research, analysis, insights, and recommendations.Ultimately, we hope that this collaboration will provide Nomobo with the necessary tools to make critical financial decisions, and help us achieve our long-term business objectives.

Deliverables

In order to successfully complete the project, the team of students from Nottingham Business School will need to undertake the following tasks:

  1. Conduct a thorough analysis of Nomobo's financial situation, including an evaluation of our short and long-term financing needs.
  2. Identify the internal and external factors that affect the cost of capital, and develop a financial strategy that is reflective of these factors.
  3. Develop financial models that can be used in an early-stage investor pitch event, including projected cash flows, enterprise valuation, alternative capital structure, and investor exit scenarios.
  4. Analyze financial statements, including cash-flow evaluation and analysis, cost analysis, and efficiency savings.
  5. Assess the financial impact of external factors to the organization, including competitor and industry analysis.
  6. Provide actionable recommendations for our finance strategy, along with in-depth research, analysis, insights, and a comprehensive report summarizing their findings
Mentorship

To support students in completing the project, we will provide the following:

  1. Staff time: A member of our team will be assigned to work closely with the students, providing guidance, feedback, and support throughout the project.
  2. Access to data: We will provide students with access to our financial records and any other relevant data necessary to complete the project.
  3. Feedback and evaluation: We will provide regular feedback to students throughout the project, and evaluate their progress at regular intervals to ensure that they are on track to meet the project goals.
  4. Collaboration: We will encourage collaboration between students and our team members, and provide opportunities for students to interact with other professionals in the finance industry.

Overall, we are committed to supporting students throughout the project, and will provide them with the resources and support they need to be successful.

About the company

Company
Casper, Wyoming, United States
0 - 1 employees
Hospital, health, wellness & medical, Cosmetics & beauty, Sports & fitness

NomoBO is a skincare startup that has developed an innovative underarm rinse designed to address the root cause of underarm odor. Our product is designed to remove the bacteria Staphylococcus hominis, which is a major contributor to underarm odor. By effectively removing this bacteria, our underarm rinse eliminates the need for traditional deodorants, providing a more natural and effective solution for underarm odor.

Our goal is to revolutionize the skincare industry by offering a product that not only addresses the issue of underarm odor, but also promotes a more natural and sustainable approach to personal hygiene. We are passionate about developing products that are both effective and environmentally friendly. We are looking for talented and driven students who share our passion for innovation.