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Science Essay Topic Ideas | LetterPile
resume redundancy Structuring your CV. Specific CV Types. CVs for Career Changers. Professionally Designed CVs. This literature has been issued on questions on science the understanding that it is power and the, subject to copyright law, and essay any unauthorised reproduction of information contained therein is prohibited and high essay will result in civil liability. Only a piece of paper is what some say about a CV, but your CV is the single most important document you will ever be involved with in your life. Essay Questions. This piece of paper, like it or not, will shape your future.
The Latin term 'Curriculum Vitae' actually translates to 'Course of Life'. If your CV doesn't appeal to high school senior essay, the reader then it is unlikely to get a second glance. So let's face it, if you don't put the effort in here, you are making a monumental mistake. It's as simple as that. As a Redundancy Help user, we want you to succeed in your job hunt, so we have enlisted the people at essay, CV Expert.com to school year essay, give you all the advice you need, the do's and don'ts and much more. In these pages we will give universal advice to all career types, the rules that go right across the board on what a CV should seek to achieve, because without an effective CV, job interviews will be a rarity.
Also, we will disseminate even further to look at different job market sectors and questions on science the unique expectations of each sector, allowing you to further fine-tune your CV and dissertation get results. Structuring your CV (The 13 steps to CV Success) 1. Essay Questions. Compact CV's Win Interviews. You may think that this is stating the essays to buy online obvious, but too many CV's resemble War Peace and recruiters don't have enough time to essay questions, read each CV from cover to cover. If you try to high school year essay, include every scrap of information on your CV, it could end up in the bin. Remember the three 'P's: Your CV must be informative and relevant, but punchy too, highlighting only relevant or important points. If your current CV is crammed with pages and pages of text, then your chances of being called for interview will lessen dramatically. Questions On Science. Don't despair, though - in the following pages we will show you how to reform, formulate an interview-winning CV! One very useful tip to keep the on science information in in essays your CV pertinent is to on science, focus your employment history on the last 10 years or so, and dissertation sysnopsis only include previous positions in a simple list form (i.e. job title held, company name and dates). If a prospective employer wants to know more, they will call you in for interview so that they can ask you.
2. Essay Questions On Science. Sell Yourself. If you don't blow your own trumpet, then who will? You must be prepared to sell yourself throughout your CV in terms of your character, experience and achievements. Begin your CV with a 50 to dissertation sysnopsis, 70-word profile, which briefly encapsulates all of the points above. Use active words such as gained, co-ordinated, and managed. Be sure to essay on science, sprinkle in one or two achievements. For example, if you hold an to buy, MBA, say so in on science your profile as well as in the education section. Similarly, a strong achievement in the workplace is also worth mentioning here as well as in the employment history section.
You should look at the profile as a preview of the rest of your CV. If the assignments.discoveryeducation.com content of the profile is impressive, then the essay reader will be encouraged to read on and find out more about immigration you. 3. Work Experience. One thing that you must bear in mind here is to list your employment in reverse order, starting with your most recent role first. Essay. There is little point in beginning your work experience section with a role that you occupied ten years ago, and bears little or no resemblance to cheap to buy, the role that you are applying for. As stated previously, you should focus upon jobs held and experience gained during the past ten years or so and include the questions rest in a brief list form. This helps to both reduce the length of school senior your CV in general, and prevents a recruiter being bombarded with more information than they need.
For each of essay questions on science your detailed employment entries, you should begin the description by 2013 essays offering 10-20 words on what the company actually do - If a recruiter knows what kind of on science environment you were working in, then the rest of the description will make twice as much sense to them. Many candidates don't realise the importance of this particular point and lose out on valuable opportunities. Give a positive description of your role and objectives within the cheap online job. Be sure to mention any equipment or systems you became adept at using. As your employment goes further back, you should lessen the length and detail of each job description. This will highlight your more recent roles and essay questions on science experience. Cheap Essays. Also, the amount of time you spent in a role is a factor. Essay Questions On Science. If your most recent role was a short-term contract, then briefly summarise it, and then go into greater detail when detailing the most recent full-time role that you previously occupied. Think about the achievements and experience you have gained within each post and insert them in bullet-point form after the job description for each post. Think carefully about these key points and write them in a punchy, sales-like manner.
If possible, use hard facts and statistics to give a particular achievement more backbone, as the new mandarins and political essays use of on science solid figures adds credibility to this information. Where you place information about can you in essays your education depends on the amount of work experience that you have gained after gaining any official qualifications, such as HND/C's and Degrees. A recent graduate's CV, for example, will go straight into essay questions, education after the profile section, whereas a seasoned professional should list educational qualifications after their employment history, typically on the second page of their CV. Wherever you place your education section, you should be sure to structure it so that it shows your most important qualifications first, listing qualification grade and where you studied. In Essays. If you have room, you may also wish to include details of the subjects or modules studied and essay on science brief details of your final dissertation, if any. Any additional qualifications supporting these 'main' ones, such as 'A' levels or GCSE's should be listed below, in assignments.discoveryeducation.com reverse order of when they were obtained. Descriptions of essay questions on science these supporting qualifications should be kept as brief as possible. High School Senior Year. However, you should include details such as places of study and dates, as this information adds credibility to your qualifications. 6. Contact Details and questions Address. You should include every possible contact method at your disposal, including email address.
Always put this information right at the top, slightly smaller than your main body text, but not so small as to reform 2013, be difficult to read. Questions On Science. This places your contact details within 'easy reach', but does not distract the reader too much from the profile and other main body sections. Remember that a prospective employer may wish to contact you right away, so include your mobile or work number if possible. Many candidates have qualms about including work or other daytime telephone numbers, but remember that if a recruiter calls you on one of these numbers, they will know that discretion is required. If you get a call at an inconvenient time, simply say 'I can't talk now', and ask for a name and number so you can call them at a more convenient time. 'Round-the-clock' contact information will maximise your exposure and ensure that you will be presented with all available opportunities because you are easily contactable. 7. Spelling and Grammar. Overlook spelling grammar considerations at your peril - just one mistake can put the reader off and consequently your otherwise dazzling CV could end up in the wastebasket. American Power And The New Mandarins Historical And Political Essays. No employer would be keen to employ someone who cannot be bothered to essay questions, correct a few spelling grammatical errors in a two or three-page document, because such lack of attention to detail does not speak well of the candidate. Our advice here is to simply check and double-check.
Make full use of any spelling and grammar checkers used by sysnopsis your wordprocessor. Get friends and family to questions, read your CV once it is complete, as a fresh perspective can often identify mistakes that would otherwise have escaped your notice. 8. Tailor Your CV To Suit the numbers in essays Job. Be sure to adjust the profile, employment history and achievements to more relevantly reflect the specification of the questions on science job that you are applying for. Assignments.discoveryeducation.com. This will give your application enhanced credibility and suitability. Examine the on science advertisement or job specification carefully and ponder the qualities sought by the prospective employer. Whilst remaining completely honest (NEVER fabricate details on your CV - untruths are all too easy to cheap essays to buy online, uncover at interview stage), match your CV and its content to the requirements of the particular job. You can do this by essay questions highlighting those aspects of high school senior essay your experience that have the greatest relevance to the requirements of the job. 9. Hobbies and Interests. You should insert this information near the end of your CV, as a small paragraph of on science text.
Remember; keep it short (around 20-30 words), simple, colourful and positive. Write. Try not to mention activities or interests that indicate lethargy or vices such as watching TV and spending time at the pub. Also, it is generally understood that details of essay questions any strong political or religious affiliation should be omitted. Don't bother to list any references on your CV. Your experience and suitability alone should decide whether or not you are called in for interview.
You should take details of referees to interviews with you, however, as this is the sysnopsis most likely point when a prospective employer may require them. You should choose your referees carefully. The best references, i.e. Essay Questions. those that give the reform most accurate measure of your abilities, are those that come from current or recent employers. Also, you should make the essay questions referees aware of the possibility that they be contacted. Unsolicited reference requests are often met with ambiguity, which will have a damaging effect on your application.
11. Choose the Right Format. No matter what sector your chosen career may lie, your CV will fall into one of the year following formats. Examples of each of these CV categories can be found later in this section. Decide which category you fall into and stick to on science, the general format suggested by the examples we have provided.
For example, a graduate CV would have its own unique format, placing greater importance on qualifications by sysnopsis listing these first after the profile. In contrast, an executive CV would list the questions employment history first, as work experience is generally of assignments.discoveryeducation.com greater importance to positions of this level. 12. Essay Questions. Recruiters and Keywords. When sending your CV into a recruitment organisation on can you write in essays speculative basis, it is worth remembering that quite often your details will be stored electronically on to a database. For this reason be sure to think carefully about what area you are likely to essay questions on science, be searched on in the dissertation career type you seek. The more specific your skill base the easier this is to achieve, for example, if you seek a career in medical sales the more times you include the questions on science words 'medical' and american power and the new mandarins essays 'sales' onto your CV the on science likelier you are to american power and the historical, come up on a search. NEVER overdo it, otherwise your CV will become repetitive to the point of being ridiculous. Try not to compromise the overall effect of your CV. This quick, point-by-point guide will assist you in assessing your current CV and remedy any common mistakes that are committed: Do tell the truth - Inaccurate information can be easily uncovered at interview stage.
Do have your CV typed or wordprocessed and ensure that reproduction is of high a quality as possible. Do have a simple and conventional layout - complex or highly stylised layouts will distract the essay questions on science reader from the information you are trying to assignments.discoveryeducation.com, present. Essay Questions. Do keep information concise, factual and accurate. Do use your date of birth but not your age. Do use 'action' words where possible, describing positive achievements and dissertation sysnopsis contributions. Do include a cover letter. Questions. Do attempt to seek professional opinions and advice where possible.
Do customise your CV to suit the job that you are applying for. Assignments.discoveryeducation.com. Do apply as soon as you become aware of the position - getting in early never hurts. Don't date your CV. Don't exceed three pages - An interviewer must review a large number of CV's and concisely presented information will be easier and quicker to digest. Don't mention salaries earned or required.
Don't include information regarding political and religious affiliations. Don't mention specific information regarding sex, race, or nationality. Don't include a photograph - In most cases, your stunning good looks will not be an issue for essay questions, selection. Power And The Historical. Don't give reasons for leaving previous positions - if an interviewer wants to on science, know, they will ask. Power And The New Mandarins Historical And Political. Don't take a negative tone when writing about a previous employer or role - Keep it positive.
Don't put letters after your name - There will be plenty of time to highlight your qualifications in subsequent sections. Specific CV Types. In this section, CV Expert will advise you on what different CV types they use, and what each of essay these types should seek to achieve. There are, as previously stated, different types of CV. Which of these types is can you write in essays, right for you will depend on two basic factors: The extent of your working experience The job that you aspire to.
These CV types, as recommended by the CV Expert, are as follows: This template is designed to essay questions, sell an immigration 2013, individual with little or no related work experience, who is questions, committing him/herself to the job market at entry level. This CV type will work best for a non-management professional from any market, technical or commercial, who is seeking a non-management post in a specific or general job market. If you are an american power and the new mandarins historical and political, experienced man-manager or senior executive, this type of CV would suit you best, as it is essay questions on science, a template designed to sell your management and strategic abilities. 4. Total Career Changer. The career changer needs a completely new and radical type of CV; this template is designed to promote your character, desire to succeed and your transferable skills in a unique manner. CVs for Career Changers.
If you are a job hunter seeking a totally new direction for your career, you may be driven by the desire to downshift from school essay, a senior role to accommodate a complete lifestyle change or simply a realisation that your current arena is simply not for you and that another is. Whatever the case, this creates the need for essay questions on science, a totally new and american power and the new mandarins and political unique perspective on what your CV content and essay questions layout should be. Described as a Functional CV, this CV type does not entirely reflect much of the advice that would be absolutely right for a career continuer. This type of CV also requires an extremely strong and persuasive cover letter to can you numbers, precede it if it is essay on science, going to succeed. A functional CV has to be tailored to assignments.discoveryeducation.com, the specific market it is going into. A standard approach to a variety of sectors simultaneously simply will not work. Decide what potential role/s and area/s you are aiming for and prepare a bespoke CV for questions on science, each one highlighting the pertinent characteristics and skills that you perceive relevant for each type. The covering letter is a companion to can you write numbers, your CV, but is written entirely separate from it.
Its purpose is to introduce briefly you as a candidate, indicating your career goals and objectives. Essay Questions On Science. Essentially, it is can you numbers, a slightly longer version of the profile section of questions on science your CV, but it should not be overly verbose, ideally remaining under 100 words. We recommended that your covering letter include the following information: The exact position for which you are applying. How you came to essays to buy online, apply for the position, as this can be useful to questions on science, the organisation in senior year terms of assessment of recruitment procedures. Long and short-term job objectives, with brief reference to essay questions on science, information contained in the CV. Write. Behavioural and other strengths that especially equip you to on science, do the job well. In the attempt to fit this information in such a small space, we recommend that you adopt the school senior year essay following policies with regard to the writing style of your cover letter:
Impress your suitability for the role upon the reader by describing your character and experience in a way that matches those characteristics described in the job advertisement. Vary your vocabulary carefully to avoid repetitions and overuse of any one word or phrase. Avoid using over-exaggerated adjectives like 'impressive report' Use carefully selected strong verbs like 'managed', 'developed', 'achieved', 'initiated' and 'directed' Always write in complete and grammatically correct sentences e.g. Essay Questions. ' I look forward to hearing from you'. Keep your style simple and your tone businesslike and friendly, just as you would if you were speaking to the reader of the assignments.discoveryeducation.com letter The interviewer is looking to employ you in the future, not your past, so orient everything you write with a bias to the future Always end the letter on a positive note Finally, REMEMBER THE THREE P's! In addition, there are a number of layout considerations to essay on science, be carefully thought about senior year when writing your covering letter: Use a standard business letter layout for your covering Ensure that your letter is perfect in every way i.e. spelling, grammar, and consistency of information with the details contained in your CV Margins must be appropriate in essay on science order to frame your letter attractively Only single line spacing should be used and correct line spaces must be left after addresses, between paragraphs and power and the historical essays before and after 'Yours faithfully' Typically, a block or justified paragraph format is used rather than the outdated indented paragraph format.
A subject line is used, typed in essay questions on science uppercase characters and emboldened. Do not forget to sign your letter. It is surprising how many commit this error in their haste to submit their application. Detail the number of enclosed documents. Use a standard, clean typeface or font - highly stylised text is distracting to essays to buy, the reader and indicates an unprofessional approach.
Career changers seeking a new direction must highlight those transferable skills as well as explaining the rationale behind their application and passion to succeed in their new sector. Professionally Designed CV's. More and more jobseekers now employ a professional CV or resume writer to scribe an effective CV. This is essay, because people generally find it difficult to present and sell themselves objectively on paper and lack the expertise and knowledge to format that sales pitch to form an cheap essays online, interview-winning CV. Whilst the cost of such services is essay on science, a consideration, if a professionally written CV lands you your dream job, then that CV has paid for itself many times over. There are many companies on power and the and political essays the internet that provide CV writing services, with differing methods.
Some of these are excellent and offer a truly professional service like that provided be CV Expert.com, but others could leave you a little disappointed. In most cases, a professionally designed CV will give you the essay on science edge over the competition, so we have assembled a buyer's guide for obtaining a professionally designed CV. 1. Know What You're Getting. 2. Check Credentials. The best CV writers tend to be ex-recruiters - the 'Poacher-turned-gamekeeper' analogy works well here. If possible, you should ensure that your chosen organisation or individual has gained some professional experience that is relevant to the general handling of CV's, preferably those with a recruitment or personnel-related background. We would also recommend that you try to obtain testimonials from previous users of the service, as the more professional CV writers like to offer some credibility to support their previous good work. 3. Online Services. 4. What Should You Expect to write numbers, Pay? The way that a person performs in a job does not solely depend upon their ability, personality also plays a very important part. Questions On Science. Used in conjunction with other measures and assessments, a personality profile can provide a useful insight into an individual's style of behaviour and how they interact with other people.
It is worth remembering that there is nothing miraculous about a personality profile - what comes out is determined by what you put in. It is a structured way of getting you to describe yourself. In line with best practice, if you are required to complete a personality assessment, you should be offered feedback on your assessment as a matter of immigration 2013 course. Points to bear in mind when exposed to occupational personality profiling include: These tests look at your style and approach to work, not your ability. They do not have time limits and there are no right or wrong answers. These tests will give you an objective perspective of yourself.
By presenting and occupational profile along with your CV, your application will stand out as representative of a serious and essay questions thoughtful candidate. You may not like what you see when you read your completed profile. The same could be true for a prospective employer. If you see a weakness in your own profile, don't take it personally - nobody is perfect, and employers know this Be aware of your limitations as highlighted, work on them and come out in better shape. When completing a questionnaire, ensure you are in a positive and dissertation conducive frame of mind. In summary, psychological profiling has its good and bad points.
This type of personality profiling is not yet de rigeur in the UK, but it's use is essay questions on science, becoming more and more widespread, and some foreign and international employers use these methods regularly as part of their selection exercises. Below are several typical examples of an opening profile for a CV. A technically adept professional, working within the dental restoration and impression materials markets. Possessing excellent product knowledge, hands-on expertise and first-rate market development skills, I am a natural coach and school communicator who possesses a high level of integrity coupled with a strong desire to succeed. Now looking to develop within a technically challenging role within a commercially demanding scientific environment. A determined and diligent Engineering professional with extensive product development experience gained within the essay on science automotive sector.
With proven managerial and technical skills, this adept improver is equally comfortable working both individually and as part of a team. Now seeking a challenging Research Development or Test role within a dynamic and assignments.discoveryeducation.com progressive operation where enthusiasm, dedication and questions the ability to immigration reform 2013 essays, manage tasks effectively are prerequisite in driving the organisation forward. As a highly dynamic player within a legal interpreting business, this adept professional has a solid academic background and international working experience. Confident and approachable, this capable individual now seeks to develop her career in an entry-level legal role within an international organisation where a diligent and results-oriented work ethic is rewarded and actively encouraged.
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50 Incredible, Historical Speeches You Should Watch Online. You hope that your professors will be good speakers who can keep your interest for at questions on science least the length of a class period, but more often than not, you#8217;ll have a teacher or two each semester who drones on and on and doesn#8217;t make you feel passionate about the subject. They could take tips from these speakers who have inspired thousands or even millions of people around the american historical world, some even long after they#8217;ve died. Here are 50 incredible, historical speeches you should watch online. These commencement speakers include presidents, a professor, political strategist and industry leader. Take note of their communication skills as you listen. Questions On Science? John F. Kennedy at American University : On June 10, 1963, President JFK gave the commencement address at numbers American University, first celebrating the institution of American universities, and then discussing the #8220;new face of war#8221; and its great cost. Kennedy implores the graduates to essay questions pursue peace, even though it is not as dramatic as the assignments.discoveryeducation.com pursuit of essay questions war, and references the end to assignments.discoveryeducation.com the Cold War. Randy Pausch at Carnegie Mellon : Randy Pausch#8217;s #8220;Last Lecture#8221; became an Internet sensation and inspiration for people around the questions world who felt moved by the professor#8217;s battle with cancer and his insistence on the power and significance of school senior achieving your childhood dreams.
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The rest of the world hears you!#8221; JFK Inaugural Address : JFK#8217;s inaugural address is one of the most famous swearing-in speeches in history. The Challenger Explosion : Reagan shares news of the Challenger Explosion from the Oval Office. Here you will find speeches that inspired social change and encouraged audiences to become better citizens of the world. Although they can be enjoyed by everyone, these speeches are especially recommended for online psychology students, sociology students, and human services students. Dissertation Sysnopsis? William Faulkner Nobel Prize speech : Look at a photograph of author William Faulkner accepting his Nobel Prize as you listen to his speech about the condition of the human spirit and the human heart.
LBJ We Shall Overcome : This video uses LBJ#8217;s famous We Shall Overcome speech as part of a video montage celebrating the civil rights movement. Questions? Malcolm X By Any Means Necessary : Malcolm X addresses friends and enemies and power and the new mandarins essays, explains how he#8217;ll fight for civil rights #8220;by any means necessary.#8221; Death of Martin Luther King, Jr., Robert Kennedy : Robert Kennedy announces the death of MLK and then eulogizes the civil rights leader in this 1968 speech. Lou Gehrig#8217;s speech : Lou Gehrig gives his farewell to baseball speech on the 4th of July at Yankee Stadium. Mario Savio : Listen to this exciting, impassioned speech from a very worked up Mario Savio, a member of the Berkeley Free Speech Movement. Give Them Hope Speech : Harvey Milk aims to give gay people around the country a feeling of hope that they belong in society and have rights and deserve respect. Questions On Science? Reagan#8217;s Evil Empire Speech : Ronald Reagan gives his famous Evil Empire speech to the National Association of Evangelicals. Nelson Mandela Released 1990 : When Nelson Mandela was released from prison in assignments.discoveryeducation.com, 1990, he gave this speech to supporters. Jimmy Valvano#8217;s ESPY Speech : Dying basketball coach Jimmy Valvano delivered this famous, inspiring speech at the first ever ESPYs in 1993. He died of cancer two months later.
Bill Cosby Famous Pound Cake Speech : Comedian Bill Cosby gives a touching but humorous speech in essay on science, honor of the 50th anniversary of Brown v. Board of Education. Mahatma Gandhi Speech : Gandhi gave this speech at senior Kingsley Hall in London in 1931. In it, he discusses the nature of rule and religion. Listen to speeches from essay on science, Hitler, Churchill, Eisenhower and essays, other military leaders about essay questions on science, war and peace. FDR Pearl Harbor Address : Just after the United States is attacked by Japan at Pearl Harbor, President Franklin Roosevelt addresses the country and Congress in online, his famous #8220;date which will live in infamy#8221; speech. Total War Speech : This video has English subtitles so that you can understand Joseph Goebbels#8217; speech calling for total war in essay, 1943. Sir Winston Churchill Finest Hour : This photo montage accompanies audio of Winston Churchill#8217;s #8220;finest hour#8221; speech, which he gave June 18, 1940, and in which he asked the British to help him fight so that they would not enter into #8220;a new dark age.#8221; We Shall Fight on the Beaches, Winston Churchill : Listen to year Churchill#8217;s signature British mumble as he rallies his country to fight in World War II. These miscellaneous political speeches are from figures like Jesse Jackson, Margaret Thatcher and Ted Kennedy.
The Dream Shall Never Die : Senator Edward Kennedy speaks at the 1980 Democratic National Convention shares one of essay questions on science his favorite Tennyson quotes and tells Americans that #8220;the dream shall never die#8221; even though he will not run for president. Jesse Jackson David and Goliath speech : Then Presidential candidate Jesse Jackson delivers this famous speech at Tendley Baptist Church January 16, 1984. Tony Blair resignation speech : Powerful but ultimately unpopular Primte Minister Tony Blair gives his resignation speech on June 27, 2007, here. Senator Barack Obama#8217;s DNC speech : Presidential candidate Barack Obama gives this major speech at dissertation the 2008 DNC in Denver, officially accepting the essay questions on science nomination for 2013, president. William Jennings Bryan Cross of Gold Speech : Listen to audio of William Jennings Bryan#8217;s 1923 speech in which he spoke about the gold standard and silver mining.
Mario Cuomo 1984 Convention Speech : This #8220;tale of two cities#8221; from Mario Cuomo at the DNC in questions on science, 1984 attacks Reagan in a time of staunch conservatism.
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Create your free Business Plan now. Make an investment-worthy business plan easily with our free template. Select a Industry Fill in the Form. Complete your Business Plan. Print and Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Free Business Plan Template Download. Are you an entrepreneur looking to download a free business plan? If so, you have come to the right place. Legal Templates is happy to provide you with a hassle-free document downloads.
Click the buttons below to download (1) a blank document, and (2) a document that is filled in for you to reference. Related Business Documents: Click to View. What’s included in the blank template: In the first download, you will find documents with all of the chapters, section titles, and section subtitles that you will need to essay on science successfully complete your plan. Our first plan contains the essays to buy, 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. This chapter is essentially your hook to convince potential financiers that your model is worthy of their investment. Chapter 2: Company and Financing: In this chapter, the goal is to essay outline the legal and dissertation sysnopsis, operational structure of your company, financing requirements, the history behind the essay questions, company, mission statement and the management team.
If you are forming a corporation, be sure to include your Articles of Incorporation here. American Power And The Essays! Chapter 3: Products and Services: This section describes what products and/or services your business will sell (now and in the future), and how you will build, assemble and essay, deliver them. It also offers a comparison of your company and your direct and indirect competitors. In Essays! Chapter 4: Customers and essay, Market Analysis: The customers and write numbers in essays, market analysis page indicates your target customer segments, what needs you are filling for them , and the latest trends among these consumers in terms of growth and behavior. On Science! Chapter 5: Marketing and Sales: The marketing and sales chapter allows you to describe how you will sell your product/service. Particularly what are your company’s strategies for positioning, pricing, promotion and distribution. Write Numbers In Essays! Chapter 6: Strategy and questions on science, Implementation: This chapter will give you an opportunity to set the cheap essays online, key milestones that help establish a timeline of progress towards your goals.
Additionally, it includes subsections like SWOT analysis, competitive edge, and on science, strategic alliances. Chapters 7 + 8: Financial Plan, Sales Forecast, Financial Statements: In the final two chapters, entrepreneurs must define and calculate the financial variables that will go into the creation/expansion of year, your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an existing company, you should also include the business purchase agreement in your plan. What’s included in the template with sample text: In the essay questions on science, second download, we give you a completed ice cream shop plan to reference. Each section gives an example of what you should write. Write Numbers In Essays! Our guide also includes example graphs and charts, so that you are aware of the types of financial calculations, plans, and forecasts that a plan should offer to on science attract investment. For guidance on dissertation sysnopsis, what you should include in your plan, and questions, why, please reference our How to Write a Business Plan set of articles below. Downloading this small business plan comes at no cost, so feel free to dissertation sysnopsis start your download and get started. However, you should be aware that there are some pros and cons to using free business templates, rather than using professional software or an experienced writer.
Writing a business plan is a prerequisite to your company’s success. A solid plan is on science necessary to essays online help found your company and ensure that your goals remain on essay on science, track over time. Assignments.discoveryeducation.com! Your plan can and will change as you encounter the unpredictable variables that come with starting your own company. If you have an existing company, crafting a solid plan is equally important if you’re hoping to attract investment and essay on science, expand your company beyond the limits you’ve already reached. Your business strategy should account for the next 3-5 years in advance, and cover every aspect of essays to buy online, your industry, including the critical relation between marketing and sales to your company’s finances.
Your plan should include the following sections before you submit it to investors. Click each accordion to read a how-to guide for essay questions on science each chapter: “How to Write a Business Plan” Table of Contents: How to Write the Executive Summary. The executive summary contains all of the essential information about what makes your business strong and worthy of investment . It covers the major highlights of the rest of sysnopsis, your plan’s chapters. The goal is to briefly tell your reader what your company will do, where you want to take it, and why your business idea will be successful. If you are seeking financing, the executive summary is your first opportunity to questions grab a potential investor’s interest. The executive summary will be the 2013, first chapter of your business plan, though it’s actually the on science, last section that you should write . First, you’ll need to school senior do heavy research to on science ensure that your plan is sound before you can write the immigration reform, executive summary. This section will be different depending on essay, if you are an high school year essay, established business or a new startup.
A startup company’s executive summary will need to on science be interesting and numbers, convincing to capture the attention of investors. Your company will lack the historical data and questions, trends that existing companies are able to provide, but there are strategies to mitigate these factors. First, you’ll need to briefly explain who you are, the background of assignments.discoveryeducation.com, your management team, and your reasoning behind starting a business in your chosen niche. Secondly, you’ll need to essay questions demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Investors know that talk is reform cheap – do you have the data and analysis to back up your claims? Even in a standard plan, the executive summary for an existing business has no set template, although there are several suggested guidelines that you can find around the web.
We suggest the following basic template – feel free to add or subtract sections according to your own needs: Summary Management Team Products and Services Customers Marketing and essay, Sales Financial Forecast Financing Requirements (optional) Describe the purpose of the plan (e.g.; to raise a specific amount of reform, debt financing to expand a store location) as well an overview of the company (name, location, company type, products sold, founder(s) and on science, founding date). Describe the cheap essays to buy, key milestones or objectives that you want to achieve with this business (these are the tangible results in essay on science, which you use to prove success of the venture). This statement should be concise and to the point. Summarize the members of the sysnopsis, management team, including highlights of their expertise and experience . Describe how each member contributes to the success of the organization. Keep this section brief, as you will go into more detail in essay questions, the Products and Services section. Products and Services.
Describe the products and services you are providing and assignments.discoveryeducation.com, who the competitors are within the industry . Keep this section brief, as you will go into more detail in the Products and Services section. Describe whom your customer groups are and whom your key customers are , as well as how you will market to them. Keep this section brief, as you will go into more detail in the Market section. Describe briefly how you will market your product or service. Summarize the on science, major points in the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the most important points from the Financial Plan section here. Essay! This should include your sales forecasts and projected expenses as well as the logic behind the projections. If you are a new company, describe when you expect to turn a profit . If you are an essay questions, existing company, highlight past financial performance. 7. Assignments.discoveryeducation.com! Financing Requirements (Optional) Summarize the amount of essay, equity and/or debt financing that you are seeking, when you need it, the essays, use of the questions on science, funds, and when you expect to can you in essays reach your next milestone event and/or start paying back the loan. Keep this at an overview level , as you will go into more detail later on in other chapters.
Note: This is essay questions a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the numbers, entire writing process first . In particular, complete the financial planning process before attacking this section. Essay! Only then will you be able to identify the amount of money you will need to raise. With these sections fleshed out, you’ve finished your executive summary. How to Write the power and the historical and political, Company and Financing Chapter. The company and finance section of your plan is important, because introducing the management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of success. Company and Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Facilities (optional) There are many variations and approaches on how to questions on science lay out the immigration essays, various components of a business plan. Our approach for the company overview section is to provide the on science, reader with the company’s legal information, address and a brief description of the write, company’s history.
Since there are follow up sections in this chapter that over go the company’s location and history in more detail, you will want to keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is best determined by a credible Attorney. The primer below is essay questions on science meant only to high school year essay explain the broad differences between the most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an unincorporated business by him or herself.” While the questions, most simple to set up and power and the new mandarins and political essays, the most common, there is a significant drawback: you will be personally liable for any obligations. So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in essay, court, the creditors can legally go after your personal possessions – such as the roof over your head. A partnership, according to the IRS: “A partnership is the dissertation, relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to essay on science share in the profits and essays, losses of the essay questions, company.” A partnership has certain advantages compared to a LLC, such as not needing to file formation documents when setting up a partnership, and not needing to file dissolution documents if dissolving the partnership. However, similar to sole proprietorships, partners in a partnership have unlimited liability for the company’s debts and liabilities.
Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of partners: (1) General partners that have full management and control but also full personal liability and (2) Limited partners that have no personal liability beyond their investment in assignments.discoveryeducation.com, the partnership interest. Limited partners are often times “silent partners” that wish to invest in the venture but limit their exposure to liability. A corporation is questions on science a separate legal entity owned by shareholders. Write! A corporation is commonplace for businesses that anticipate seeking venture capital financing. The downside to a corporation is the problem of “double taxation” since the corporation’s profits is essay taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at high the personal level. You can elect a special tax status with the IRS to have your corporation not be taxed at the corporate level (instead, it would be taxed as a pass-through entity). Essay! Some of the drawbacks include not being able to have more than 100 shareholders , and not being able to have non-US citizens/residents.
A popular choice among many small businesses , a LLC limits the member’s personal liability and only taxes profits at the individual level (acts as a pass-through entity). Describe the type of american new mandarins and political, company you plan to questions on science open, along with the registered name you plan to use. Explain your rationale – for school example, if you are starting a company where you plan on seeking venture capital financing, then you will want to on science start a C-Corporation as majority of VCs will insist on immigration, this legal structure. If you have a home office/no dedicated business address. Include your current office setup and your future office plans once your company expands, if applicable. For start-ups, and especially those seeking financing, the Management Team section is especially critical.
With the lack of history, there is little investors can go by to gauge the future success of a venture. The question lenders and investors will ask: Why should we trust your team with our money? You must demonstrate your team’s ability to execute on the stated goals. To accomplish this, you should highlight: Background of each member of the management team (education, relevant work experience, etc.) Roles and essay on science, responsibilities within the company. Tip: Don’t include details about members of the Management Team that are not relevant to the reader. Assignments.discoveryeducation.com! Everything presented should reinforce why your team is the essay questions, right team to execute on the company’s vision. If you have an established business the information you want to present is the same. Keep in mind, however, that you also want to demonstrate that your team has the cheap essays to buy, capability to manage growth of the company.
As a company grows from essay questions, start-up to established business, the management team must also change. They must be able to manage employees, institute standardized systems, and cheap essays, ensure the business’s ability to scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and a brief description. In a publically trading company the essay questions, Board of Directors is elected by the shareholders and is the highest authority in the management of the company. For our purposes (context of a private company that is assignments.discoveryeducation.com most likely a startup or small but growing business), a Board of Directors is comprised of investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Director’s typical responsibility is to set broad policies for the company, determine compensation for company management, and approve annual budgets.
An advisory board is a group of essay, business leaders that can help guide your company and immigration reform essays, provides it with assistance when needed. Choose individuals with knowledge in essay questions on science, your industry and cheap essays online, are willing to play a role in your company . While some advisors are compensated, it comes down to essay questions on science a case-by-case basis, frequently depending on how much time the member is committed to your company. Tips on building your Advisory Board: Choose a well-respected and well-known individual as the first member of your Advisory Board. This will help you to recruit other members of the Board. Choose individuals that have strengths and relationships your business will need. Immigration Reform! As your business evolves, so will the essay questions on science, members of your Advisory Board. Feel free to shake up the line up over time.
In this section you will tell the reader how much money you need to raise, what you are going to use it for, and how you got to write in essays the requested amount. Important note: This is a complex question that you cannot answer until you complete your plan, so it is essay highly recommended you work your way through the entire writing process and in particular, complete the financial planning process. Only then will you be able to identify the amount of money you will need to raise. There are two primary financing options: equity and debt. The primary difference between equity and debt financing is that debt financing is essentially a loan that is can you write in essays backed by your assets or via a personal guarantee. If your company is on science already in existence and dissertation, has trading history, then you may also secure a loan off of your receivables. In contrast, equity financing is essentially you exchanging a stake in your company for a specific sum of money from an investor . Therefore, the amount you are able to raise from essay questions on science, investors comes down to how much they value your company. There are three fundamental questions every savvy investor will ask you:
Cool idea, how do you make money with it? How much money do you need, and why and when? What do you think your company is worth? If you are seeking financing (regardless of its equity or debt), that most likely means that your financial model shows your company taking a loss in the initial stages, followed by break-even and subsequent profitability. The money you are seeking to raise will simply allow you to have enough cash to cover the initial period where you will be taking a loss so that you can eventually make a profit. This is a simplification; you may be raising money to can you write numbers in essays further grow your company, which may already be profitable.
Or you might use the on science, financing to immigration 2013 essays get your product to questions the next stage in assignments.discoveryeducation.com, its product development lifecycle (i.e.; milestone event). But the general concept is the same; the essay questions, investment you are seeking bolsters your company’s cash position , allowing it to high year grow revenue and/or profitability. Cool idea, how do you make money with it? / How much money do you need, and why and when? The financial statements provide the on science, answer to the first two questions (which is why we recommend you complete your plan first). To answer how much money you need, analyze the cash flow statement to determine the cumulative cash flow. Can You Numbers! The lowest point on essay, this curve will tell you what your maximum financing needs are , and at what point in time. What do you think your company is worth?
The third question is much harder to answer, especially for a new company. At the end of the day it really comes down to what an investor thinks your company is worth (which is more art than science). However, there are three popular methods of valuing a company that can help you come up with a valuation to facilitate the negotiation. Cost approach (asset based approach) The cost approach seeks to determine a company’s value by analyzing the market value of its assets. In other words, in this approach the company is worth the sum of all its assets if they were to be liquidated . This approach may be appropriate for some industries such as real estate where the asset value may actually be worth more than the going concern value (present value of future cash flows generated by the asset). However, for many companies the value of its branding and essays, reputation, along with its ability to generate profits, will exceed the value of its assets. The market approach seeks to determine a company’s value by essay questions on science, analyzing recent sales of similar assets, with the theory that valuations of can you write numbers, similar companies can serve as a good proxy. This is a common approach in the real estate industry.
The income approach seeks to determine a company’s value by using its expected profit over time and then placing a value on that future stream of essay questions, income in today’s terms . Since there is inherent uncertainty with a future stream of income, there are numerous ways to discount that expected income to account for risk. Now you have all the pieces to complete the equation. You have the amount of money you need by looking at cumulative cash flow. You also have an idea of how much money your company will be worth. Equation to determine how much equity you should offer: Equity to offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for cash. Instead, you should focus on the loan’s interest rate and payment schedule. Make sure you will be turning a profit that is both large enough and soon enough to ensure there is no delinquency on servicing the loan. For equity financing, answer the following: Investment amount needed When you need it How much time it will buy you / When you expect to reform 2013 turn a profit or get to the next milestone event % of equity offered and at what company valuation (you may wish to keep exact figures vague in questions, order to further negotiate) Exit strategy.
For debt financing, answer the following: Loan amount needed When you need it When you will be able to pay back the loan The amount and frequency of loan payments. In addition to the information above, you should also summarize how you plan to assignments.discoveryeducation.com use the funds. The level of detail should be at a high level ; if the on science, investor or lender wants to see expenses in more detail that will be available in the Appendix within the Profit/Loss statement. Construction of new kitchen: Kitchen remodeling, March 1, 2014, $25,000 Kitchen hardware, April 1, 2014, $50,000 Total Loan Amount: $75,000. If based on your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice. Dissertation! With a line of credit you draw upon it when you require the essay questions, funds and pay interest immediately on the money as it is borrowed. It works very similarly to a credit card in that you typically have a pre-set limit to how much you can borrow, the major exception that since you may be able to secure the line of credit with assets, you may be able to get better terms. In the reform 2013 essays, Quick Start Guide we briefly went over the different strategies available and how thinking about your company’s eventual exit will help shape your business model.
It’s recommended you review the essay questions on science, Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the family Taking the reform 2013, company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to this section. Questions On Science! Angel investors and VCs demand a large return on american and the and political essays, their investment since they are taking a large risk by investing into on science, your company. Therefore, you need to include detailed information on assignments.discoveryeducation.com, how you intend to essay questions sell the company or take it public.
Demonstrating a large market opportunity. If investors are going to take a big risk, they demand a big return. You need to demonstrate your business has the potential to either take substantial market share from an incumbent competitor, or create a new market. Investors like to be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and ones that investors are more inclined to invest in. Solving a larger company’s problem. If your exit strategy is to sell your company to immigration reform 2013 essays a larger company, then identify how your company’s product solves that larger company’s stated problems and/or goals. For example, Apple’s mapping software is playing catch-up to essay questions on science Google Maps. If your company can help Apple improve its software, your company would become an attractive acquisition target. The mission statement reflects the core purpose and vision of the company. It’s a statement your employees and customers can get behind.
Some tips on writing a well-crafted mission statement: Keep it short. 1-2 sentences max. Don’t use “fluff” words. Make the statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the culture/vision/purpose.
Examples of Fortune 500 firms that really get it right: A. BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: “To discover, develop and assignments.discoveryeducation.com, deliver innovative medicines that help patients prevail over essay questions, serious diseases.” Why it’s great: The keywords “discover, develop and deliver” demonstrate the company’s capability to in delivering an end-to-end solution. By using the words “innovate” and “prevail over can you write, serious diseases” it serves as a rallying call for their thousands of on science, employees that what they are doing is to buy (1) cutting edge and (2) has a higher purpose then themselves. Mission statement: “ We will be the easiest pharmacy retailer for customers to use.” Why it’s great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in essay on science, the marketplace.
It is a pharmacy retailer and it will solely focus on making itself easier for the customer to dissertation sysnopsis use (that could mean so many things, such as innovating online to fulfill prescriptions to improved customer service within their stores). Example of poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to maximize long-term stockholder value, while adhering to the laws of the jurisdictions in essay questions, which it operates and at all times observing the highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for year essay employees, suppliers, or partners. Questions! Its objectives are obvious (what company does not want to american power and the historical and political essays maximize value) and questions, borderline absurd (are there companies that do not want to dissertation sysnopsis adhere to local and essay, federal laws)?
Lastly, it does not mention what the company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and keeping a diverse work force that reflects the nature of our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only dissertation sysnopsis, stating that as the questions on science, company’s mission statement is ineffective, lacks direction or focus, and completely misses the point of cheap essays to buy, having a mission statement. This is predominately for businesses that have previous trading history, but can also be used by new companies that want to highlight relevant history on how the company came to existence, work completed to questions on science date, milestones achieved, etc. Some information you may want to include:
Start date First location First product/service Significant milestones/events. Reminder: keep in mind that there is sysnopsis no set rule as to questions on science the level of detail you want to include. This is high school senior year essay dictated by the relevancy of the information to the reader and essay on science, how this information helps strengthen your plan’s ability to build credibility for reform your company. Every company is essay questions made of milestones. Milestones for sysnopsis a business are achievements that demonstrate the business is on the right track. They are best when quantifiable and measureable. For example, achieving a working prototype of your product, or getting to break-even, are both huge milestones that showcase your ability to essay questions on science execute and reduces subsequent risk of your company. Key concept: The more uncertainty that you can take off from the table, the better valuation you can get for your business.
For businesses that have a retail or manufacturing component, this is an important section of power new mandarins and political essays, your plan. Information you may want to include: Size (e.g.; in sq. ft.) Location/Address Other notable facts, such as equipment at on science the facility. Location is important for a large number of retail businesses, whether you are a restaurant or purveyor of power and the essays, consumer products. If possible, provide statistics about the on science, retail location you have chosen or are planning to choose. Describe the lease terms you are able to secure, and if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about what to look for power and political essays in a lease agreement here.
Provide detailed information on essay on science, the manufacturing facilities. Immigration Reform Essays! For example, your operation may require a reliable source of electricity and water. Describe how the facility provides the business with these resources. If the on science, facility is cheap essays online pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an essay questions on science, important aspect of your business even if you are not in dissertation, retail or manufacturing. For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an essay on science, employee recruitment and fundraising perspective. If you operate out of a home office. Describe your future expansion plans, including expected date of senior year essay, expansion. Upon completing these sections, you will then be finished with the essay questions on science, company and financing section of essays to buy, your business plan. Writing the essay questions on science, Products and Services Chapter. The products and services chapter of your business plan should be written clearly and descriptively, to help give investors a comprehensive understanding of the bread and butter of your business.
Your products and services section should include the high school year essay, following sections. Products and Services Chapter Sections. Products and Services Competitors Sourcing and Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and Services (optional) Your products and services are the lifeblood of your business – it’s what your customers need, and if you get this right, everything else will follow . On Science! Commonly referred to as “product lift”, which essentially means getting the secret sauce working. It means that customers want to buy your product/service, and you are filling a need that was previously not satisfied. Thinking in terms of benefits vs. features. What is the consumer really buying? For example, a person buying a Rolex watch is dissertation sysnopsis not only buying a device to tell time, but the prestige and status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the functional aspects of on science, your product/service are also important.
Depending on what you are going to sell, think through the features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from competing products/services. You may have heard the business adage that acquiring a new customer is indefinitely more expensive then keeping an existing customer. One of the reasons this is and political true is the potential to essay on science sell additional add-ons, upgrades and substitute products/services to existing customers . Think about cheap essays to buy how you can drive incremental revenue. Whether it’s via subscriptions, repeat business, or annual contracts, you may be providing products/services that generate a recurring revenue stream. This is a good thing, because (1) your revenue can be more predictable and stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per customer. You will complete the price you want to set your products/services in essay, the Financial Plan chapter, and we also have a section for you to describe your pricing strategy; however it is american power and the and political essays advisable to essay questions start thinking about how you want to price your products/services.
Competitive analysis is an extremely useful tool and one that should be revisited often as the competitive landscape changes over and political essays, time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and questions, budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses. Tips on how to perform competitive analysis. The Internet makes this much easier then in days past. Some ideas: Google search using keywords that your customers would use to find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn.
Not only do you have to worry about current competitors you can see, but you have to be vigilant and be on the lookout for sysnopsis new entrants. Essay Questions! For example, a company that already sells to cheap your customer base may see your industry as a logical next step. You should consider the likelihood of new entrants high if: The industry sees high margins (its super profitable) There is essay questions on science unmet demand (more customers then suppliers) There are no major barriers to entry (does not take much to start competing) There is future growth potential (such as mobile apps) Much of this is common sense – if you see a market opportunity that no one is competing in yet, don’t expect that you will be alone for long. Sourcing is simply the process of procuring goods and services from suppliers that are required for your company to make its products or deliver its service. Some things to immigration reform 2013 consider when choosing and managing your suppliers: Cost: This is an on science, obvious one – the senior year essay, lower the price, the higher your profit margins will be.
Payment terms: The longer you have to pay your suppliers, the more working capital you have on essay, hand. Reliability: You must consider how reliable your suppliers are and what would happen to numbers your ability to essay questions on science operate if they cannot deliver. Scalability: As your business expands, will your suppliers be able to meet your needs? Fulfillment is simply the process of immigration, how your company delivers its products/services, from point of sale to delivery. There are several popular fulfillment options: Engineer to order: the product is designed and built to customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of essay questions on science, final product is based off of immigration 2013 essays, customer specifications (e.g.; aircraft and yachts) Assemble to order: the product is assembled to essay the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the essays, product is manufactured in essay questions, quantity based on expected sales of the in essays, product (e.g.; retailers) If you are going to be selling physical products and expect to essay questions on science hold inventory, then you should pay very close attention to how you forecast the amount of inventory you need to high school year meet your projected sales. Too little inventory and you may not be able to meet demand.
Too much inventory and on science, you tie up all of your cash on excess inventory. Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and dissertation, make sure you account for essay questions seasonality. Have accurate inventory tracking. Use bar code scanning or equivalent to american and political ensure there are no data entry errors. Utilize inventory management software. QuickBooks, Sage, and essay, a plethora of other vendors provide a cloud-based solution for dissertation sysnopsis you to manage and maximize your inventory levels. Technology in today’s business environment is becoming more and more important and essay questions, serves as a source of competitive advantage. Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices.
FedEx uses technology to optimize delivery routes and times, which enables it to immigration 2013 essays ship to practically every corner of the globe, seamlessly and questions on science, with very low error rates. Think about how technology plays a part in your business and school senior year essay, if it is critical to questions on science your business operations. If technology is critical to your business operations, then you must think about can you write your disaster preparedness and contingency planning . Depending on your business, you may want to create back-up copies of data and software, routine security checks, and questions on science, securing physical assets. What would happen if you lost access to the technology? Think about alternatives that you could utilize. For example, if you license a piece of software and later down the road decide that the cost is assignments.discoveryeducation.com too high, is essay on science there a competitor who can license you an alternative? If you have exclusive rights to assignments.discoveryeducation.com a technology, either through a patent or through an essay on science, exclusive license agreement, this is a great competitive advantage and one that you will want to describe in detail. There are two types of cheap essays, intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and essay on science, copyright (such as novels and movies). If you have intellectual property that you want to cheap essays online protect, it is advisable that you seek the essay, professional advice of assignments.discoveryeducation.com, a good Patent/IP Attorney , since this is essay on science a great way to provide a barrier to immigration essays entry for your business.
Intellectual property type 1: Industry property. These include inventions (patents), trademarks and industrial designs (trade secrets, trade dress). If you have any proprietary process or technology then it is recommended that you apply for essay questions a patent to protect your invention. You should apply for a trademark for your company name and logo as well. Intellectual property type 2: copyright. These include literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and write numbers, sculptures, and architectural designs. In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide. Enforcing your intellectual property may be feasible from a legal point of view, but many times is not practical in practice.
For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and your employees and contractors. It is questions just as important to secure your intellectual property in relation to your employees and contractors. Everyone should be required to cheap essays to buy online sign an invention assignment agreement, which basically states that the company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for employees to use , so that if there is ever a conflict as to whom owns a piece of intellectual property, there is questions a physical record. If you have future products and services planned, it is a good idea to describe the product roadmap and cheap to buy, strategy behind it . A key concept is that of product lifecycle, which describes the stages of the life of a product. During this phase, your product will incur heavy promotional costs as you get the essay questions on science, word out. You may discount the price of the product to encourage new customers. During this phase, you may focus on expanding your product to high senior year essay new segments in the marketplace, and expand the product line (for example, with new colors or other variations).
During this phase, you are enjoying the fruits of your labor. You may add new features to your product to stay competitive and to further differentiate your product from competitors. Marketing spend for your product starts to dissipate as sales of your product are in steady decline. After including all of this information, you’ll have completed the essay questions on science, products and services chapter. Writing the Customers and Market Analysis Chapter. The customers and assignments.discoveryeducation.com, market analysis chapter will give you an opportunity to describe what your customer segments are, what needs you are filling for on science them, and how these groups of customers are trending in terms of growth and behavior. This chapter also includes any regulatory restrictions specific to assignments.discoveryeducation.com your industry. Customers and Market Analysis Sections. Market Overview Market Needs Market Trends (optional) Market Growth (optional) Industry Analysis (optional) Key Customers (optional) In the market overview section you are going to calculate the total market (referred to questions on science as Total Addressable Market) for reform 2013 essays your products, and then the segment of that market your business can capture.
Total addressable market can be thought of in several distinct levels. At the highest level is an essay questions on science, estimate of the total market given 100% saturation. Another way of can you, looking at this is what would be the essay on science, total market if one company had 100% market share. Once you have the cheap to buy online, total addressable market, then you can estimate what percentage of this you can realistically capture. This, of course, is much harder to predict with accuracy. So the essay, important thing to high school year essay remember is to utilize strong sources for your assumptions. For example, lets say you plan to open a high-end steakhouse in essay questions on science, downtown Miami.
To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and research the average annual sales for each restaurant. Can You Write! Then multiply the on science, two to get the total sales for assignments.discoveryeducation.com all high-end restaurants. This would be your total addressable market. Using the example above, we can then drill down to the next level and determine what percentage of the market you can realistically capture. You might assume that you will take an equal share of the market, thereby decreasing all other competitor’s shares in the market. Or you might offer cheaper prices, which you assume would take a larger percent of the market. Whatever your assumption, make sure it is well documented and logical. To obtain jaw-dropping product-lift you must solve a difficult and painful problem for the customer.
And if there are competitors, you must solve the problem better than them, and enough so that customers are willing to switch to questions your company. Describe what problem your product is solving. If you are targeting multiple customer segments, make sure you go into immigration reform essays, detail on how your product serves each customer segment. Describe how your solution better solves customer’s pain points then your competitors. We as consumers are inherently lazy. Essay! We do not want to go through the time and cost of switching from one company’s product/services unless it is compelling enough, which is cheap online dependent on the switching cost. For example, there is virtually no cost to switch from Coke to Pepsi. On the essay questions, other hand, there is american and the new mandarins essays high switching cost associated with migrating from essay questions on science, a Mac to a PC. To overcome this problem, describe how your product either is able to overcome customer’s inherent adversity towards switching products, or if your product is able to reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from your competitors, you are creating a new market for your products). Understanding market trends at the macro level is critical for assignments.discoveryeducation.com various aspects of your business. Questions On Science! A growing or shrinking market is described in more detail in the market growth section.
Below are some of the other factors that will affect market trends: The overall economy has a disproportionate effect on some businesses. High Year! For example, dog-walking services usually see a decline in sales as households reduce spending on non-essential purchases. Government regulations and policies can completely alter an industry, so it is imperative that you are up to date on upcoming changes. For example, the Jobs Act of 2012 allowed for the first time non-accredited investors to participate in private placement of securities. This in turn has created a new market for crowd-funding websites to emerge to connect startups with all types of investors.
You may be in an industry where political conditions have an essay questions, impact on the bottom line. For example, if you count the american historical, Dept. of Defense as one of on science, your clients, then the across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of 2011) would surely have a negative effect on your business. If you build your business on top of a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to use technology, then that will surely put you in a less advantageous position. Knowing technology trends is school senior year essay valuable in ensuring you are gaining a competitive advantage through the use of technology. Your customers may change their sensitivity to price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Essay Questions On Science! Keeping an eye on this trend will ensure you optimize your pricing strategy.
Market growth, mathematically, is simply measuring the change in market size from one time period to the next (usually in years). So if the market in the first year was $100 million and sysnopsis, $150 million the second year, then the market can be said to have grown by 50%. You will find that measuring market growth using historical market size data is questions much easier then forecasting market growth. Utilize publically available data sources, trade publications, market research firms, and government agencies to find much of this research. Being able to demonstrate a market is growing is obviously important – for example, the american power historical and political essays, market for Blackberry accessories is clearly a declining market. Most investors and essay questions on science, lenders will not want to see a new business chase after dwindling customers. On the other hand, the market for Apple and sysnopsis, Samsung phone accessories have seen great growth and will continue to on science grow as those companies continue to add new customers. Your industry is dissertation defined as the group of companies that are related to you in terms of what you sell/how you derive your revenue. For example, Ford and Nissan are both in the automotive industry. Ford and Nissan’s market (i.e.; customers) would be the end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on the Dept. of essay questions on science, Labor website.
Understanding your industry’s dynamics is imperative to knowing it’s profit potential and attractiveness. A popular framework for conducting industry analysis is Porter’s five forces analysis, which analyzes an industry’s competitiveness (and therefore attractiveness). By performing this analysis you will have a clear picture of your competitors and how your company fits within the competitive landscape. If your industry has low barriers to high year essay entry and low switching costs, then expect increased competition, as there is little standing in essay questions, the way for new entrants to enter the market and compete. If your industry is supplied by very few suppliers with little alternative but to source from those suppliers, then expect downward pressure on your margins. If your industry only numbers, has a small number of buyers, or there are many alternative products to choose from, then expect downward pressure on your margins. If there are many substitute products in your industry and questions on science, the switching costs between them are low, then expect substantial competition. An industry is very competitive if there are many competitors about the same size, there is little differentiation between competitor’s products, and it is mature with little growth (so the only way to grow is to sysnopsis take a competitor’s market share).
Although your product may cater to many different sets of customers, you want to focus on a select group that will be the most likely to purchase your product/service and account for the lion’s share of questions on science, your company’s revenue. For many businesses, you will soon realize that a large portion of your revenue comes from assignments.discoveryeducation.com, a small percentage of your customers. Essay Questions On Science! For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the student type that comes in once a month. When you can name your key customers. If you are in a business where volumes are low and prices are high, then you should be able to assignments.discoveryeducation.com name your key customers individually. Essay! In this case, you should describe in detail your relationship with each of them separately. If you’ve filled out this chapter, congratulations. Doing market research and customer analysis is a complicated and time consuming task. Time to move on can you, to the next chapter! Writing the Marketing and Sales Chapter.
The marketing and sales chapter gives you an opportunity to describe how you will manage your sales force and what sales activities they will conduct in order to close sales. Overview Positioning Pricing Promotion Distribution. In this section, summarize your marketing plan, being sure to include: Positioning: Are you going to be the questions, lowest cost provider or provide a differentiated product? Pricing: How will you price your products/services? Promotion: How will your market your products/services? Distribution: Where will your product/services be available? Tip: It will be easier to reform write this section after you complete the subsequent sections as the overview section summarizes key findings from the questions, other section. Keep this section at the summary-level, as you will go into further detail in the subsequent sections. Describe how you position your company within the competitive landscape.
Will you compete on price, or will you differentiate your offering and stand out from your peers? For example, Wal-Mart positions itself as the low-cost provider in an industry, while Apple designs premium products to reach the luxury end of the market. Provide your product/service at the cheapest price point in the marketplace. Cheap To Buy! There are three primary ways to achieve this: Economies of essay questions on science, Scale: For example, being able to turn more tables in a restaurant or produce more widgets in a factory. The more you are able to produce from your asset, the cheaper it becomes. 2013 Essays! It will also be harder for your competitors to enter the essay on science, market since you have fixed assets and experience that requires a large investment. Low operating costs: Keeping costs down across all aspects of the business, including: Standardization: Limited customization Outsourcing: Outsourcing labor to low cost production centers Thrift: Limiting advertising and RD spend Optimized supply-chain: By lowering inventory and negotiating with suppliers, companies can substantially improve their profitability and cash flow. Making your product/service unique by targeting a specific segment of the market is a compelling strategy, especially if: Your customers are not price sensitive The market is competitive Your are targeting a specific niche You can provide a product/service that is not easily copied.
You can also achieve differentiation through branding and marketing – for example, Starbucks sells premium coffee at a premium price point, primarily through the dissertation, strength of their branding and essay on science, not through the taste of to buy, their coffee. Determining the optimal price for your products/services will require you to think through several factors: If you are going shooting for the low cost provider strategy, then you will want to price yourself accordingly. Likewise, if you are going for the luxury end of the market, then a higher price is often times a proxy for quality. How price sensitive are your customers?
If your customers are making their purchase decision primarily based on price, then you will want to be sensitive to essay questions on science this. The price you set must be high enough to over your costs so you can turn a profit. There are, of assignments.discoveryeducation.com, course, exceptions. For example, you might want to achieve economies of scale by essay questions on science, maximizing units sold, or you might be maximizing revenue to achieve dominant market share. There may be regulatory/legal constraints on how much you can charge. For example, payday loan vendors are restricted in write, how much they can charge their customers. Looking at what your competitors charge can give you a understanding of what current customers are accustomed to paying and will likely be willing to pay for your products/services. There are price points that consumers are psychologically more accustomed to, such as amounts ending in .99 or .95. In this section, you move from describing your marketing plan onto essay how you will convey your marketing message to your intended audience. What marketing channels will you utilize to reach your target customers?
Depending on your business, traditional media may be an dissertation, important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Each marketing channel must be carefully measured for questions effectiveness, as online marketing can quickly add up and consume a small business’s entire marketing budget. A website is a key component of your digital marketing efforts as it will be the destination in which your online leads will first visit. Some online marketing options include: Search engines (i.e.; Google, Bing) Directories (Yelp, Angies List) Daily deals (Groupon) Email marketing Social media (Facebook, Twitter) Word of mouth marketing is by far the most profitable and high school year, powerful marketing channel available to any business.
New customers that are referred to your business are more likely to purchase and on science, more likely to continue referring your company. There are ways to boost word of mouth marketing, especially with the advent of social media. For example, asking a satisfied customer to like your business on Yelp and Facebook will potentially reach hundreds of school senior essay, their contacts, all with one click. Integrating social media into your word of essay on science, mouth marketing strategy is invaluable for every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from customers, suppliers, partners and competitors. You can start by participating on public forums and american power and the, blogs related to your business and adapting the adage “give more to essay questions get more”.
How will your products be available? On one end of the dissertation sysnopsis, spectrum is direct marketing, whereby you sell directly to your customers. Or if you manufacture your products, you might sell through distributors, who in turn sell to retailers, who in turn sell to essay on science consumers. Three common models: Product is stocked in mass-market distribution channels.
Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels. Examples include nautical computers and tooling/machinery. Product is high school senior year only sold through an exclusive channel. Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. Writing the Strategy and Implementation Chapter. The strategy and implementation chapter will give you an opportunity to define the key milestones that mark meaningful progress towards your goals. It also includes sections that further elaborate on your competitors.
Strategy and on science, Implementation Sections. Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional) Milestones are the key events that demonstrate progress is being made , such as completing the company’s first prototype or breaking even. These provide a tangible way to measure the success of the business venture. Milestones are so incredibly important to a business yet are one of those things that can be easily overlooked. Why are milestones so important? Because they are a way to can you in essays measure meaningful progress of a company that in effect, makes that company less risky (and therefore more valuable). A new company has an extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the essay, company’s risk decreases. American Power New Mandarins Historical! It becomes more apparent that the venture will succeed. Investors and questions on science, lenders will be looking at what milestones your company has reached in essay, order to create a fair valuation. Milestones might include:
Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for store First paying customer Breaking even Turning a profit* *If you can demonstrate not only turning a profit, but also sustaining that profit, then that is a huge milestone. SWOT Analysis is questions a useful technique for assignments.discoveryeducation.com understanding your company’s strengths and weaknesses , while identifying both the opportunities open to your business and the threats it faces. Strengths and essay on science, Weaknesses refer to internal factors in your company, such as: Employees and staff Physical assets such as equipment and facilities Financial assets. Opportunities and Threats refer to external factors facing your company, such as:
Market trends Regulatory and legal Macroeconomic conditions Competitors. Competitive edge can be bucketed into dissertation sysnopsis, four primary areas: cost, differentiation, innovation and operational effectiveness. Are you providing a product/service at a lower cost then your competitors? This is essay on science a straightforward competitive edge that is assignments.discoveryeducation.com very difficult to deliver. Providing the lowest cost may require operating on questions on science, razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale. Are you providing a product/service that your competitors are not offering or cannot offer? This is essays online a common strategy whereby you provide differentiated value in order to better serve customers and/or reach a portion of the market that may be under-served. Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by the book “Blue Ocean Strategy”, creating new demand in on science, an uncontested market space is a powerful business strategy.
Do you provide superior time to market or customer service? For example, your customers may be willing to pay a higher price for better customer service . Nordstrom’s is an example of assignments.discoveryeducation.com, a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in business. There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an opportunity for a partnership in the future and that should be included in this section. You might have a supplier who has a disproportionate amount of questions on science, influence and power of immigration 2013 essays, your business. Striking a partnership in this case may decrease those risk factors and provide a competitive advantage over your competitors. You might have a large portion of essay questions on science, your revenue coming from several key customers. Inking an exclusive agreement to lock in revenue would, for instance, give you predictable cash flow.
It is not uncommon to reform partner with competitors under certain circumstances – for example, to set standards for the industry or to help further adoption of on science, a technology. For example, Sony and high school essay, Panasonic partnered together to essay on science increase the adoption of Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the and political essays, official sponsor of the Olympic games and will provide free mobile phones to questions on science all Olympic athletes. Upon completing these sections, your strategy and dissertation sysnopsis, implementation chapter will be finished. Writing the Financial Plan, Statements, and Sales Forecast Chapters. Writing the financial plan, financial statements, and sales forecast will be the most difficult part of your entire plan. It requires making a large number of on science, intelligent assumptions about the size of the market you can realistically target, and the costs associated with making your product or rendering your services. These sections are the red meat of your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to make sure they know they’re making a solid financial investment. Chapter 7: Financial Plan and Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and american power new mandarins historical and political essays, Investments Starting Balances Historical Financials Key Metrics for Success.
Define the price in which you will sell your products and questions, services, the high school, cost it will take to produce or sell the product/service, and the number of units you will sell. Be conservative when making your estimates on on science, the number of units you will sell, ensuring you have a reasonable methodology when making your forecast. It is highly recommended that you first complete the following sections as they lay the can you write in essays, foundation for defining the essay on science, sales forecast. Products/Services section: Defines what you will sell and at can you write numbers in essays what price point; also seeks to define the production cost Target Market section: Defines the size of your target market and what quantities you can sell. Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an increase in questions on science, sales thereafter. This is the reform 2013 essays, price you will sell your products/services. Fixed price: Suitable for most sales forecast modeling Price changes over on science, time: The price of your product/service may increase/decrease in price over high school senior, time for several reasons: Keep up with inflation Keep up with increased cost of raw materials or components Seasonal product – discount to offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of questions on science, producing your product/service (at the unit level).
Otherwise known as cost of goods sold (COGS). Fixed costs: Suitable for most sales forecast modeling % of sales: A good way to forecast costs; as sales increase you can set the cost as a % of online, sales on questions on science, a sliding scale. Costs vary each month: The cost of your product/service may increase/decrease in price over time for several reasons: Economy of scale: the more units you produce, the cheaper it becomes to produce them Bargaining power: the more units you buy from your supplies, the cheaper they become Seasonality: cost of and the and political essays, raw materials may fluctuate based on time of year. This is the expected number of units you will sell. My units are constant: Not particularly suitable as most businesses will expect to questions on science have some growth over 2013, time. Units sold changes over time: The quantity sold of essay, your product/service may increase over time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by products/services sold. In the United States, there is no sales tax at the federal level; however, many states levy selective sales tax on particular goods or services. American Power Historical Essays! Check with your state department of on science, taxation if you are required to collect sales tax. If yes, you collect the reform 2013 essays, sales tax from your customers and questions, then remit the high year, tax to the state each year.
If the individual assumptions used for each component of the sales forecast is accurate, so will the essay questions, overall sales forecast. Immigration Reform Essays! You should be able to explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the largest expense of any business. In this section, you will enter forecasted employees and contractors you plan to hire. The number of personnel you plan to hire and at what time is more of an art then a science. Too much staff too soon and you’ll burn through your working capital.
Too few staff and essay questions on science, you’ll run the risk of high senior year, alienating your customers and questions, partners when you can’t deliver. A good way to think about cheap essays to buy online your personnel plan is to think about the milestones you want your business to questions on science accomplish and what personnel are required to cheap essays online get your business there. Questions! You can always revise your estimates, so start off with your best estimate and come back to cheap essays to buy online this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in questions on science, your staffing plan. School Senior! For example, if you are seeking venture capital that mean you are going to want to hire and scale quickly in order to generate large revenues. Conversely, if you are seeking debt financing, you want to operate as lean as possible and maximize profitability so you can service your loans. Fixed amount: Suitable for most situations. Changes over essay questions on science, time: You might want to numbers define a compensation plan for sales personnel that have an annual bonus component, for example.
Employee: If choosing employee you will have to questions on science consider certain employee taxes and other considerations. High School Senior! Contractor: If selecting contractor, ensure that you are classifying said contractor correctly. In the United States, for example, you are legally required to essay questions provide employee-type benefits in essays, certain situations even if you classify the personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, worker’s compensation and health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and other benefits. This is essay questions referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only essays to buy online, affects employees and not contractors.
If unsure what to enter, 15% is a fair estimate. Explain the assumptions and methodology used to define the personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to essay on science hire several sales people to coincide with the release of a new product. Enter expenses you plan on incurring for your business. A good way to american new mandarins historical make sure you capture majority of your business’s expenses is to think through costs associated with each functional area of your business, such as product development, marketing and operations. Categorize expense into questions, groups, such legal and administrative, rent and leases, and telecommunications.
Do not include fixed asset expenses (assets whereby you derive value from for more than 12 months) such as a company van or computers. Dissertation Sysnopsis! You will enter these in questions on science, the next step. Advertising Expense Amortization Expense Auto Expense Bad Debt Expense Bank Charges Cash Over and Short Commission Expense Depreciation Expense Employee Benefit Program Freight Expense Gifts Expense Insurance – General Interest Expense Professional Fees License Expense Maintenance Expense Meals and Entertainment Office Expense Payroll Taxes Printing Postage Rent Repairs Expense Salaries Expense Supplies Expense Taxes – FIT Expense Utilities Expense Gain/Loss on Sale of Assets. Enter long-term asset expenses here. Long-term assets are comprised of two types: tangible and intangible assets. Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Fixed assets are depreciated over its useful lifetime. This is an accounting method that allows the business to assignments.discoveryeducation.com allocate the costs of the asset over its life by gradually reducing its value. Common fixed assets: Land and Buildings Motor vehicles Furniture Office equipment Fixtures and fittings Plant and machinery.
Intangible assets are long-term assets that are not physical in nature. Intangible assets are amortized over essay on science, its useful life. These might include: Intellectual property (items such as patents, trademarks, copyrights, business methodologies) Goodwill Brand recognition. Enter other short-term assets here, which most likely will be any prepaid expense that lasts for less than 12 months. Besides prepaid expenses, other current assets also include short-term investments and securities that are likely to turned into cash within a year.
A prepaid expense can be described as such: A 12-month office lease is signed with the total lease amount of $12,000 being paid upfront. Classifying this as a regular expense would not be accurate because then the PL Statement and Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. Power New Mandarins And Political! This type of expense is better described as a prepaid expense, since the use of the on science, office is spread out over write numbers in essays, a 12-month period of time and can be considered an asset on the Balance Sheet that is expensed over time. By classifying this as a prepaid expense (or an amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at $1,000 each month, while the questions on science, Cash Flow Statement would reflect the $12,000 payment on month in which it was made. Under Assets, the Balance Sheet would then show the amount of assignments.discoveryeducation.com, Prepaid Lease that is remaining at the end of the on science, accounting period. Enter an power new mandarins, estimate for income taxes you expect to pay, which should be a summation of federal, state and local income tax. Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in the Personnel Section as the Burden Rate). As this is only an estimate, 100% accuracy is not required (if unsure what to essay questions enter here, use 20%). Dividends and distributions (for corporations and LLCs/partnerships, respectively) are payments to the company’s shareholders/owners, taken from the company’s profit. Dividends are typically paid out at dissertation sysnopsis the end of the questions on science, fiscal year, while distributions can be given out at the discretion of the owners.
You may want to set this to zero initially and see how the financials of your business model work out; then you can work backwards and high school year essay, determine how much of retained profit you want to distribute to owners/shareholders. Here you can explain any regular costs that are associated with running your business. What are the essay questions, monthly or ongoing costs that you must pay to keep the business up and numbers, running? For example, this could be paying monthly utilities and rent expenses for essay questions on science your office space, insurance, or any marketing or advertising costs. For a start-up, remember that there are always up-front costs or one-time costs associated with getting things started, so be aware of essays to buy, any of these expenses and include them in your budget.
Accounts receivable is defined as sales that the company has made but has yet to collect the essay questions on science, money from the purchaser. Most companies operate by allowing some portion of dissertation, their sales to be on credit. These types of sales are usually made to essay on science frequent or special customers who are invoiced periodically, and cheap to buy online, allow them to avoid the hassle of essay, physically making payments as each transaction occurs. You want your accounts receivable to be as low as possible to increase your cash flow. Defining what percentage of cheap to buy, your sales will be on credit. You want this percentage to be as low as possible, while keeping in mind that for some businesses it is essay questions on science preferential to provide some credit to historical your best customers. Defining how long it will take to collect payment. Of the customers that you provide credit to, you need to define when they are to pay you back. The faster, the better your cash flow will look like.
It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to suppliers and essay questions, banks. It is to your advantage to negotiate longer payment terms with your suppliers, as it will improve your cash flow. When looking at accounts receivable (what is owed to you) and accounts payable (what you owe), the key thing to remember is dissertation sysnopsis that you want to be paid as soon as possible, and you want to pay others as late as possible (cash on hand is king). Defining what percentage of your purchases will be on credit. You want this percentage to be as high as possible, as that will improve your cash flow.
However, ensure you are able to pay your vendors on the purchases made on credit. Defining how long it will take to essay questions collect incoming payments. How many days will it take, on average, to collect incoming payments? Select the typical number of american power new mandarins historical and political essays, days between when you make a credit sale and essay questions on science, when the payment arrives. Keep in mind that shortening this period can vastly improve your cash flow.
If your business will sell physical products and you plan on keeping inventory on hand, then you need to define how many months of inventory you wish to keep on hand. Cheap! The more months of inventory you hold on hand, the more cash is on science tied up in inventory. This will affect your cash flow. How much inventory should you carry? The ideal amount varies from industry to industry, and business to business. A good place to senior year essay find more information is trade associations for your industry. In order to improve your company’s inventory management, you will need to start by collecting good records on your inventory. Using inventory turnover rate as an essay on science, indicator. Inventory Turnover Rate = Costs of assignments.discoveryeducation.com, Goods Sold (COGS) / average cost of inventory on hand. A low inventory turnover rate means that you may have too much inventory on hand. Understanding and managing cash flow is very important to any business.
The time period for credit sales and payments may depend on your suppliers or your industry. Paying and getting paid later rather than earlier can entirely change your cash flow projections. You can utilize this section to explain any assumptions about on science cash flow, including details on the time period in reform 2013 essays, which you will make and receive payments. Questions! How did you come to immigration 2013 these assumptions and how will it affect your business? When taking out a loan, you borrow an amount of essay on science, money (principal) from a lender, and are obligated to pay back at a later time (usually in sysnopsis, installments). You will typically pay interest on the loan. If you are seeking a loan then enter the amount, as you want to forecast the essay on science, financials assuming you have secured the loan. Personal vs Commercial Loans.
For many small businesses, taking out a personal loan to finance growth is commonplace. These might include credit cards, home equity line of credit (HELOC), and assignments.discoveryeducation.com, installment loans. If you have an existing small business, commercial loans can be obtained, which are based on questions, a variety of factors. Secured vs Unsecured Loans. A secured loan is a loan in essays, which you pledge some asset (equipment, property, etc.) as collateral. Unsecured loans (credit cards, personal loans) are not secured against a borrower’s assets. Interest rates will be higher for unsecured loans versus secured loans, for obvious reasons. If you have a pre-existing loan, then you can specify those details in the Starting Balances section. A line of credit is similar to a loan with the difference being that interest is not charged on the part of the line of credit that is unused, and essay questions on science, the borrower can draw on the line of credit at any time that he or she needs to. If you are seeking a line of credit then enter the amount, as you want to forecast the assignments.discoveryeducation.com, financials assuming you have secured the line of credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to essay on science be paid immediately at the financial institution’s request.
Investments include injections of american and the historical and political, cash into essay questions on science, the business from you, other shareholders or owners, or investors. This typically refers to equity investments where investors contribute cash to the business in high, exchange for equity (ownership). In this section, you can describe how your business will be funded. If you are a startup, it is likely that the money you make from sales will not cover all your business expenses so you may need additional sources of funding, such as taking out a loan, receiving investors’ capital, credit lines, or other ways of borrowing money. What type of funding will you acquire? At what point in your plan are you expecting these funds? For existing businesses only. The starting balances will be used to adjust the balance sheet to take into essay questions, account your company’s financial history. Important: all starting balances should be entered as they are at the start of your plan. Enter starting balances for assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation.
Enter starting balances for cheap liabilities: Enter starting balance for essay on science Capital and Earnings: Enter your Recent Sales: One month before start date Two months before start date Three months before start date Four months before start date Five months before start date Six months before start date. If you are an existing business, you can enter past financial data here.
This is optional and will be used to calculate historical financial ratios in the Financial Statements section. For each year of your company history , include: $ Sales $ Gross profit $ Income from operations $ Net profit $ Current assets $ Current liabilities $ Inventory $ Total assets $ Total liabilities $ Total owner equity. Every business model has several key metrics that management can use to essays see if the business is essay questions on science healthy. For example, a restaurant might use the number of tables it can turn per night and the average revenue per dinner. Think about what levers make the most impact to your business. You will want to cheap to buy continuously track and monitor these metrics to ensure your business model is essay working. Chapter 8: Financial Statements Sections. Profit and Loss Statements Balance Sheet Cash Flow Statement Financial Ratios. The Profit Loss (i.e.; income statement) shows your revenue, expenses, and profit.
It is the write numbers, most common of the essay, three reports as it provides a view into the company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the information you entered in the Sales Forecast, Budget, and Personnel Plan sections. If you wish to edit or change any information, you may do so by going back to those sections. The statement here will update automatically. The balance sheet gives a snapshot of your company’s financial position at assignments.discoveryeducation.com a given point in time, usually the last day of a fiscal period. It is called a balance sheet because assets (what you own) will always equal the sum of your liabilities (what you owe) and stockholder’s equity (your investments from stockholders plus money that your business earned that is put back into running your business).
The balance sheet here is essay a read-only display. Power New Mandarins And Political! If you wish to change the essay, balance sheet, you can do so by going back to the builder in the Financial Plan section. Numbers! If you are an existing business, you have the option of essay questions on science, adding starting balances under the Financial Plan section. The cash flow statement displays the assignments.discoveryeducation.com, cash inflows and outflows from your operating, investing and financing activities. Essay Questions! Rather than providing an overview like the write in essays, balance sheet, the cash flow statement will measure the change in cash during a period. In other words, how much money did you start and end up with? The statement here is a read-only display.
You can go back to edit the sections in the Financial Plan section in order to change the accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the essay questions, health of your business. The report here is a read-only display. If you wish to change any of the information, you may do so by editing the relevant financial information you’ve entered previously. Dissertation! The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to cash is the company in case. This is important in determining the ability of the business to meet its obligations, or paying off what it owes in debt.
The Profitability Analysis shows the overall performance of the company in its ability to make a profit. The ratios show how much of on science, sales revenue is actual profit after taking costs and expenses into account. Can You Write Numbers In Essays! The Debt Ratio shows how much of the business’s assets are financed by debt and questions on science, how much of the business’s assets are financed by stockholders’ equity. The Investment Measures show ROI (Return on Investment) which is the percentage of the return (net profit) of the business divided by the cost of the investment. Assignments.discoveryeducation.com! The most common method of calculating ROI is to divide net profit by total assets. Finishing these chapters represents a massive achievement in essay on science, completing your business plan. It is by far the most difficult chapter, as it requires doing somewhat complicated math to write generate accurate financial statements.
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