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ANALYSIS OF THE
COMPETITION
OPERATIONS AND
How the firm will be operated on a
MANAGEMENT
ORGANIZATIONAL
A STRUCTURE
well defined and realistic organizational
structure is an important element of the business
plan. Generally, they will be concerned on how
the firm is organized along the following
concerns:
1.Marketing (including sales, customers, relations
and service)
2.Productions (including quality assurance)
3.Research and development
4.Management
5.Human resource
OPERATING EXPENSES
Projections of operating expenses are important aspects in the preparation of a business plan. This is
prerequisite in projecting financial statements. Lenders and investors are especially interested in
scrutinizing such statements.
These expenses included the following:
1.
Material
2.
Labor
3.
Overhead
CAPITAL REQUIREMENTS
COST OF GOODS
The cost of goods of trading firms consist
of products purchased for resale, while
The cost of goods of manufacturing firms
refer to total expenses incurred in
manufacturing the products that are
intended to sold.
-material, labor, overhead
FINANCIAL DATA
A summary of financial
information about the business
is contained in the balance
sheet and are broken down into
three areas, namely;
1.Assets
2.Liabilities
3.Owners equity
THE ASSETS
The assets portion of the balance sheet lists the assets of the firm in
order of liquidity from the most liquid to the least liquid. As such this
portion is subdivided into the following:
1.Current assets
a)Cash- which includes cash in checking, savings and short terms
investments account;
b)Account receivables-these refer to income derived from credit
accounts;
c)Inventory- this refers to the inventory of material used to manufacture
a product not yet sold.
2. Fixed assets- these are durable assets and will last more than one
year. These consist of the following;
a)Capital and plant- this refers to the book value of all capital
equipment and others such as land and building, if owned by the firm,
less depreciation.
b)Investment- these are investments account owned by the company
that cannot be converted to cash in less than a year
THE LIABILITIES
The liabilities portion of the balance sheet is
classified as current or long term. Current liabilities
are due in one year or less and they include the
following;
1.Accounts payable- these refer to all expenses
incurred by the business that are purchased on an
open account from suppliers and are due for
payment
2.Accrued liabilities- these refer to operational
expenses that are not yet paid. Examples are
overhead and salaries
3.Taxes that are due and payable.
Supporting documents
The business plan would be more
meaningful if supporting documents are
included.
1.The owners resume
2.Contracts with suppliers
3.Contracts with customers
4.Letters of reference
5.Letters of intent
6.A copy of the firm's lease
7.A copy of copyright or patent acquired,
if applicable
8.Tax returns for the last past 3 years
THANK YOU !