Validate compensation. Validate bonus plans. Obtain capital budget requests Update the budget model.
Review the budget. Process budget iterations. Obtain approval. Issue the budget Load the budget Verify loaded budget
TYPES OF BUDGETS Operational budget - An operationalbudget is the most common type ofbudget used. It forecasts and tries topretty closely predict yearly revenue andexpenses for a business.
Cash flow budget - A cash flow budgetdetails the amount of cash you collect andpay out. This is generally tallied on a monthlybasis, but some businesses tabulate thisweekly. In this budget, you track your salesand other receivables from income sourcesand contrast those against how much youpay to suppliers and in expenses. A positivecash flow is essential to grow your business.
Capital budget - The capital budgethelps you figure out how much moneyyou need to put in place new equipmentor procedures to launch new products orincrease production or services. Thisbudget estimates the value of capitalpurchases you need for your business togrow and increase revenues.
Budget Planning Models Budget models are financial projectionsthat allow companies to plan for futurecash inflows and outflows. Budget planning models support generalbusiness operations by setting financialgoals for each operational department.
Budget models help companies determinehow much income they must earn to payfor the expenses generated from normalbusiness operations. Many companies have capital planningbudgets to determine if any majorexpenditures for equipment or productionfacilities are needed.
Shinwari saltish restaurantA restaurant of namak mandi dishes ofpeshawer first opened in blue areaislamabad in 1992 .Founder and owner of this restaurant wasNASIR KHAN SHINWARI(late).Owner of Shinwari Saltish now is YOUSAFKHAN SHINWARI.
SHINWARI SALTISH came out to be atrend setter in the taste of people ofislamabad. Soon it became symbol of peshawernamak mandi dishes. It has two branches, first in blue area andthe other in rawalpindi saddar.
Main dishes of SHINWARI SALTISH are Mutton karahi Mutton tikka Dumpukht Kaabli pulao Khadda sajji Patta tikka Chicken chargha etc.
Mission statement Shinwari Salishs goal is to multi-facetedsuccess. Our first responsibility is to thefinancial well being of restaurant. Thisgoal can be achieved by considering on Effects of product on health and wellbeing of our customer And the high quality of fairness attitudeand understanding amongmanagement, staff and customers.
Anticipate it’s Costs In the restaurant, budgeting is often a game of balancingcosts and income. In fact, a budget is much like a profitand loss (P&L) statement extended over a longer period oftime. Shinwari saltish account for the following costs in itsannual budget: Rent or mortgage payments TaxesLabor/payroll Utilities Loan payments Operational supplies Repairs and maintenance Marketing Training Food service
Restaurant expenses There are many expenses involved inoperating a restaurant: Cost of goods sold Occupancy cost Payroll or labor cost. Operating expenses
BUDGET PROCEDURES OFSHINWARI SALTISH Shinwari Salishs include all operatingcosts, and is based on expected incomefor the year. An annual budget gives it goals to reachand limits to beat. The budget is alsoessential to plan for the restaurantsfuture spending.
Plan by Month or Period Shinwari saltish use a system of 12-month or 13 four-week periods to tracktheir annual budget. By breaking thebudget down into these types of sections,it is easier to see when money is movingin and out of the restaurant.
Determine it’s Projected Sales Ascertaining its projected sales, alsoknown as a sales forecast, helps it tofigure out how much restaurant will makein sales during a given period.
Shinwari saltish plans to spend about 30percent of its budget on food, 25 percenton labor, 10 percent on rent, and 3percent on utilities. The rest goes in smallparts to operational expenses, marketing,taxes, maintenance and other variablecosts.
Swot analysis Strength It’s taste is its biggest strength Its dishes are pure and clean It’s dishes are just prepared by salt, noextra spices are added Shinwari’s do not compromise on tasteand quality of food.
Weakness It has a poor management system. It’s short of capital to expand itsregistered branches unfortunately.
Opportunities Offer To open shinwari saltish in U.A.E. Offer had came from a multinationalcompany to start shinwari in partnership
Threats Misuse of the brand Competitors expanding their setup. Increasing rate of meat.
Recommendations Keep an eye on your profit and loss Conduct inventory consistently Portion food correctly Keep record of all waste food Train employees to care Work on sitting arrangements.