... the ‘outs’ for each month and work out the effect
on your bank balance. Each bank has its own cash flow forecast form,
30 Howtopreparea business plan
16 Howtopreparea business plan
Month ... Budget Actual Budget Actual Budget Actual
Cash sales
Cash from debtors
Capital introduced
Total receipts (a)
Payments
Payments to creditors
Salaries/Wages
Rent/Rates/Water
Insurance
Repairs/Renewals
Heat/Light/Power
Postage
Printing/Stationery
Transport/Motor ... build-up.
22 Howtopreparea business plan
You will remember that in a previous paragraph you were cautioned
against including in your cash flow forecast any expenditure paid for
before day one. However,...
... overall business plan, such as a new business proposal to the financial
community.
There are many ways to develop and format a marketing plan . The approach taken here is to present a
6-Part plan ... of this information can be handled within a graphical format, such as tables and graphs, though a
paragraph explanation of each is generally required. Make sure to include total dollar (or other ...
Other Areas
Preferably this section includes a brief summary of current marketing decisions (see Situational
Analysis) so readers of the plan can easily compare what was planned to what is planned....
...
What external factors are there that could be embraced if
appropriate resources were allocated?
Threats
What external factors are there that threaten to reduce
your market share? ... evaluate the results of those
actions.
What information to collect and analyse. This information can be:
Quantitative Information Qualitative Information
ã These kind of information ... mix framework, and the marketing
budgets.
The marketing plan is a document that can contain approximately between 15 and 40
pages.
Market planning is an interactive process and the plan...
... carefully – it is always useful for others to proof read the plan before it is sent
out
ã show the planto an advisor such as your accountant - he/she will be able to cast a professional eye over ... may have in this area. You
should also provide details of the reliability and any planned development of your IT systems.
Financial forecasts
A key part of the plan is a set of financial ... that is available to potential lenders
ã plans for repaying any borrowings
ã sources of revenue and income
You could also include your personal finances as part of the plan at this stage....
... Order
Association (NMOA) and the American Catalog Mailers Association (ACMA) show that
the US catalog industry is a $400+ billion marketplace and is made up of thousands of
catalogs some with ... the Show
Trade Shows offer a tremendous
opportunity to gather market
information and make contact with
buyers. But, if you do not prepare
and make aplan before attending
a trade show, ... contrast to
targeting broader-based handicraft catalogs
that might have some yarn, but do not
specialize in yarns.
Both fair trade and environmental concerns are
strong motivating factors for...
... income
statement, there is a standard accounting format, required by law, for balance sheets.
They are prepared at annual intervals. Again, the appendix of this Guide contains
tables you can use for an ... income statement is generally planned in annual intervals. To enhance the
accuracy of your planning for the first year, you should make monthly forecasts. For
the second year, quarterly, and for the ... faces is from two directions. Against traditional
channels such as newspapers and the Yellow Pages, CS has major advantages
thanks to the interactive and multimedia capabilities of the WWW. Against
companies...
...
analyse. A manager can always delay making a decision to
gather more information, which is not managing at all! The
whole point to this exercise is to learn howto make good
decisions, and having ... Review ASAP after the class. Note what the key concept
was and how the case fits into the course.
Preparing A Case Study
It helps to have a system when sitting down topreparea case
study as ... better than, or highest.
This will be important to selecting an alternative. Another method
that can be used is to list the advantages and disadvantages
(pros/cons) of each alternative, and then...
... wants to
open a dress shop, and she has allowed me to use her plans and thought processes as an example
of a complete and well-prepared business planfora retail store. You’ll find parts of ...
estimate SWAGs as realistic as possible and then make them come true.
The best way to make a SWAG about your business profitability is to do a break-even forecast.
Although a break-even analysis ... extra important that you preparea
financial forecast carefully and pay attention to what it tells you. This step tells you whether your
idea is a sure winner or a sure loser or, like most ideas,...
... personal data, here are the
summaries on the main guidelines over data
privacy laws for USA, Australia, Canada,
United Kingdom, India, and the European
Union.
2.1.1. United States of America (USA)
... What is personal information? Personal
information can be anything that can be used
to identify an individual, not limited to but
including:
Name
Address
Date of birth
Marital status
Contact ... Businesses must have appropriate
safeguards for processing personal data.
1.3. Quick Facts
that collect, use and share customer
information in a variety of circumstances.
For instance, the Children’s...
... incorrect: Jason Wallach is a friend and a CPA in Santa
Rosa; his input was very helpful. Harry Keller of the Santa Rosa SBA office was kind enough to
explain several intricacies of that system to me.
... numbers are available by obtaining total sales volume
of grocery stores from the state sales tax agency; normally that data is broken down by county.
They estimate how many people live in the area ... polluting materials? If so, how will I deal with
them and what regulatory agencies handle them?
2.Is there a pool of readily available, affordable skilled labor where I want to locate?
...
... is
special
4
. Howto know what the customers
want—today and, more important in
the clothing business, to keep half -a-
step ahead
5
. Howto sell
6. Howto manage inventory
7. Howto judge ... see how Antoinette applies that
knowledge to her break-even analysis.
First, Antoinette thinks about increasing
sales. Maybe she was too conservative in her
original sales forecast. What would ... five-figure area.
Retail Sales Revenue Forecast
The simplest way to forecast retail sales
revenue is to find the annual sales revenue
per square foot of a comparable store. Then
multiply that dollar...