... Plan
Initial Phase: Formulating the Idea
You have a great idea fora company – now is the time to do your homework.
Before writingabusiness plan, extensive research is required to answer ...
particularly important to address the market leadership, how they got there,
where they are vulnerable and how you will be able to exploit these weaknesses.
Take as fair and unbiased a viewpoint as ... accounting, law, technology or
academia.
An organizational chart is very useful for this section of thebusinessplanto help
explain how the company is organized and theplanfor reporting....
... SCORECARD
This approach is an attempt to blend together quantitative
numerical analysis with qualitative analysis of other elements
that are important to organisations, such as:
● The customer’s ... on assets, return on capital, profit
● Long-term survival - looking tothe future
and innovating to create extra value
It is a measure that will drive the shape of
all plans, as each must address ... missing
37
PLANNING PROCESS
1: SITUATION ANALYSIS
This is the analysis of your own particular organisation or unit and would include:
● A historical analysis of your own situation, ie: what you have accomplished...
... constraints, as a developer of a budget, or even
as a management accountant or analyst measuring variances against them.
Despite their bad reputation they are a valuable management tool for controlling
business ... impossible to get away without looking at the financial aspects of a plan. Finance
is critical to any business and, in particular, the key is sustainable cashflow.
An organisation, even if unprofitable, ... ASSESSMENT
FINANCE
Finance is the oil of thebusiness engine - without it the firm will grind toa halt.
The key issue is to maximise capital availability against cost and return. Specifically:
● Do we have...
... nevertheless give valuable information as to
component parts of an organisation.
A good plan will often include a forecast balance sheet to demonstrate the
impacts on asset and liabilities. Many ... SHEET
The balance sheet is a ‘snapshot’ of an organisation’s position as at a given date (usually
the end of a year, either fiscal or actual).
It shows:
● The assets of an organisation - what it owns
● ... serves as a useful financial statement for assessment of past performance as well as
extrapolated likely future trends.
Producing a forecast profit and loss as part of your plan will demonstrate the...
... full plan. For one thing, of the hundreds of business
plan models available to you in books and online, you’ll be able to find
many that are similar totheplan you have in mind to write. For another,
your ... waiting airplanes. Today’s UPS
repairs laptops, shapes baseball bats, stocks parts for Bentleys, provides
warehouse storage for shoes and cameras, and refurbishes cell phones. Oh,
and they also ... important. For example, if you are planning to open
a company that makes and bottles pasta sauce, you will need to provide a
discussion of the various state and federal regulations that apply, as...
...
Berkeley, California, Nolo has always strived to off er clear
legal information and solutions. Today we are proud to
off er a full range of plain-English law books, legal forms,
software and an award-winning ... example, you may want to have an
accountant look over the financial records
of thebusiness or offer tax-planning advice.
Or you may want to have a lawyer draft or
review the important legal documents ... that person may not be acceptable
to the franchisor—who probably has
reserved the right to approve or disapprove
any sale of a franchise and to make changes
in the franchise contract that...
... Ristorante Italiana may
be very anxious to have the familiar founder
Maria stay involved, at least fora year or
two. Not only does Maria know how to run a
successful kitchen, but a fair ... strike a
deal instantly. And even if you do come
to a quick and enthusiastic hand shake
agreement, there will be plenty of chances
for the deal to fall apart as the details are
worked out.
For ... sufficient
to make your business saleable. For
example, a buyer may not see much
advantage in working 60 hours a week
to earn $40,000 a year—especially if
the buyer can earn the same amount
for...
... not be acceptable
to the franchisor—who probably has
reserved the right to approve or disapprove
any sale of a franchise and to make changes
in the franchise contract that might make it
less ... be able to defend the price that you offer
to pay, in the last analysis, the number you
name won’t be nearly as meaningful as the
one a willing seller agrees to accept.
Negotiating the Deal
When ... radar right away. And above all, don’t
let your own impatience cause you to make a
poor decision.
In searching forabusinessto buy, it’s
essential to know early in the game what
you want....
... an installment basis, you’ll want
to craft a sales agreement and other legal
documents that reasonably assure that you’ll
receive all remaining payments from the
buyer and that you can take ...
commits the buyer to use the information
solely forthe investigation of your business.
That makes it much easier to obtain an
injunction and perhaps an award of mon-
etary damages if, for example, ... Signatures for an Entity on a Sales Agreement 321
A Spouse’s Signature on the Sales Agreement 323
Signature Clause in a Sales Agreement 325
Typical Formats for Signing a Sales Agreement 326
Accepting...
... mean that it's
a bad
idea
to try to do
work that makes
you
happy.
And for
lifestyle entrepreneurs,
one of the big
draws
is the
chance
to
start
a
business that
can
turn
a
... which
he was at
the
time.
If
Jeremy
can
make
a
business
from
a
fantasy
role-playing card
game,
it's hard
to say
what might
not
make
a
viable business. Indeed,
I
have heard
... explodes another
of the
pervasive myths about entrepreneurs
who are
mainly
in it for the
lifestyle. That
is,
that they won't
get any
or
as
many
of the
lasting
financial
rewards accruing
...
... employers who are covered
by the Act.
For additional information on the Davis-Bacon and the Con-
tract Work Hours and Safety Standards Act, the Fair Labor
Standards Act, the Service Contract and Public ... include the corporate income tax
and the sales and use tax. The major local taxes include the
real estate tax, the machinery and tools tax and the tangible
personal property tax. Many communities ... jobs. For all other areas of the state, the threshold
is 50 jobs. Credits are available for taxable years before
January 1, 2020.
Day Care Investment Tax Credit. Businesses may claim a
tax credit...
... on the Davis-Bacon and the Con-
tract Work Hours and Safety Standards Act, the Fair Labor
Standards Act, the Service Contract and Public Contracts
Acts, and the Family and Medical Leave Act, ... may establish a separate class of tangible
personal property for aircraft and ight simulators and levy
a tax on it at a rate equal to or less than the rate on other tan-
gible personal property. ... has the responsi-
bility forthe regulatory promulgation of occupational safety
and health standards that are at least as stringent as those
standards promulgated by federal OSHA for general...