This document provides information about basic financial planning for a business. It discusses the need to finance startup costs and ongoing working capital. Key aspects covered include:
- Calculating startup costs, survival budgets, and day-to-day expenses
- Approaching banks or specialist lenders for loans if self-funding is insufficient
- Maintaining accurate financial records like budgets, cash flows, and financial statements to monitor performance
- Using tools like break-even analysis to determine pricing and profitability
- Providing an example exercise where community groups bid on concessions at a community enterprise center for experience in negotiating and calculating costs.
Restructuring Business Debt - Practical Strategies from Banker's UJohn DeGaetano
A practical action plan and other things to consider in restructuring business debt
For book purchase, licensing for the stage or more information please visit our website.
Watch video: http://youtu.be/bBvlJYTpW5g
Available on Amazon from John DeGaetano Productions
http://www.amazon.com/author/johndegaetano
http://www.johndegaetanoproductions.com
Most clients achieve over 3,000% ROI when investing our services
More than 70% clients overcome financial distresses and avoided undesired consequences
Over 90% clients stay with us more than 10 years after engaging us
Complete integrated multi-disciplines for all SMEs’ management, marketing, IT, & financial needs
1st Ever Comprehensive Framework To Grow Company Healthily & Holistically With +Ve Cashflows
Financial knowledge is essential for every entrepreneur. There are certain basics which are listed in this presentation. Hope it will add value...
Thanks...
Restructuring Business Debt - Practical Strategies from Banker's UJohn DeGaetano
A practical action plan and other things to consider in restructuring business debt
For book purchase, licensing for the stage or more information please visit our website.
Watch video: http://youtu.be/bBvlJYTpW5g
Available on Amazon from John DeGaetano Productions
http://www.amazon.com/author/johndegaetano
http://www.johndegaetanoproductions.com
Most clients achieve over 3,000% ROI when investing our services
More than 70% clients overcome financial distresses and avoided undesired consequences
Over 90% clients stay with us more than 10 years after engaging us
Complete integrated multi-disciplines for all SMEs’ management, marketing, IT, & financial needs
1st Ever Comprehensive Framework To Grow Company Healthily & Holistically With +Ve Cashflows
Financial knowledge is essential for every entrepreneur. There are certain basics which are listed in this presentation. Hope it will add value...
Thanks...
Working Capital Management: Meaning of Working Capital, its components & types, Operating Cycle, Factors affecting working capital, Estimation of working capital requirement. (Total Cost Method & Cash Cost Method)
Financial plan and controll entrepreneurshipfatimanajam4
This file is uploaded to help the students learning finance easier. It will give a general understanding of planning and controlling of financial resources.
PYA’s Angie Caldwell, a healthcare consulting and financial audit services principal, along with Emily Smithson, a tax services manager, discussed “Finance for the Non-Finance Manager.” Their presentation covered the basics of financial reporting and financial statements and budgeting.
IB Business and Management (Standard Level)
All material taken from the IB Business and Management Textbook:
"Business and Management", Paul Hoang, IBID Press, Victoria, 2007
Working Capital Management: Meaning of Working Capital, its components & types, Operating Cycle, Factors affecting working capital, Estimation of working capital requirement. (Total Cost Method & Cash Cost Method)
Financial plan and controll entrepreneurshipfatimanajam4
This file is uploaded to help the students learning finance easier. It will give a general understanding of planning and controlling of financial resources.
PYA’s Angie Caldwell, a healthcare consulting and financial audit services principal, along with Emily Smithson, a tax services manager, discussed “Finance for the Non-Finance Manager.” Their presentation covered the basics of financial reporting and financial statements and budgeting.
IB Business and Management (Standard Level)
All material taken from the IB Business and Management Textbook:
"Business and Management", Paul Hoang, IBID Press, Victoria, 2007
A breakeven analysis is used to determine how much sales volume your business needs to start making a profit.
The breakeven analysis is especially useful when you're developing a pricing strategy, either as part of a marketing plan or a business plan.
Stepping into a role which requires business finance knowledge? Here is a short guide offering advice, tools, and expertise that you will need to equip yourself with to be successful. Check out our Diploma in Business Finance for more.
This presentation was made at the Washington Area Community Investment Fund (Wacif). This presentation goes over how to use financial statements and tools to make decisions.
Branches of Accounting What You Need to Know When Writing an Assignment.pdfMatt Brown
Accounting is a fascinating and complex field, so it can be hard to know where to start when writing an assignment. This article will give a couple of supportive tips to fanning out into new areas of bookkeeping. You will be better able to write about the various accounting fields accurately and thoroughly if you comprehend them. When writing your next assignment, keep these suggestions in mind!
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Finance
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
51 Financial Planning
1. FUNDING 5
5.1
BASIC FINANCIAL PLANNING
. Financing The Business
. Financial Planning
. Financial Statements
. Calculating Cost-Values And Negotiating To Win Exercise
P 159
2. BASIC FINANCIAL PLANNING 5.1
FINANCING THE BUSINESS
All businesses of whatever size will need some money (often called
capital) to start up ('start-up capital') and to support the business
during the early stages ('working capital').
you and/or security - this can be a major
There will probably be 3 types
stumbling block. Specialist lenders to
of spending to consider:
social enterprises usually don’t want these
1 : The Business' Start-Up Costs things but may charge a slightly higher
interest rate.
2 : Your Own Survival Budget
(and therefore the wage members An overdraft can be an alternative for
working in the social business would day-to-day working capital, but this can
need to be paid) be called in any time.
3 : The Business' Day-To-Day
Remember that you are the customer
Running Expenses
and should ’shop around’ - if one bank
accepts your plan, then it is likely others
You will need to calculate these costs will follow suit.
separately and then make provision to cover
them. Where possible, this should be done You will need to buy equipment depending
using your own resources or money raised on your type of business. Think carefully
from grants or supporters. Bear in mind before you spend money, can you justify
that there could well be a long period the expenditure? What is the best method
when outgoings exceed receipts: for some of purchase? It would be wise to discuss
businesses this situation could last six this with your accountant - should you buy
to twelve months. outright, use hire purchase or lease?
If you do not have all the money you need,
you will have to borrow. This will usually
mean approaching a bank (they are still
the major source of funding) or specialist
social enterprise lender. A detailed business
plan, supported by thorough market
research, will be essential. Banks often
require a financial contribution from
P 160
3. BASIC FINANCIAL PLANNING 5.1
Some Examples Of Start-Up Costs
. Equipment (information technology,
communications, plant, tools, vehicles, etc)
. Fixtures/fittings/furniture
. Repairs
. Alterations
. IT and communications (computers, fax,
phones, internet, email, etc)
. Professional fees
. Stock
. Insurance
(public liability, employers, business, etc)
. Rent and rates
. Marketing (brochures, flyers, leaflets,
logo and graphic design, etc)
. Trade association fees, memberships
and subscriptions
. Consumables (stationery, printer
cartridges, staples, etc)
. Licenses
. Training
. Wages/recruitment costs
. Security/health and safety equipment
P 161
4. BASIC FINANCIAL PLANNING 5.1
Personal Survival Budgets
Very few businesses make much money in the first year. This form has been designed to
help those people planning to work in a social enterprise to work out how much they need
to survive over the first twelve months.
Estimated Expenditure Weekly Monthly Yearly
Mortgage
Council tax and water rates
Gas, electricity and oil
All personal and property insurance
Food, general housekeeping expenses
Clothing
Telephone
Travel expenses (other than car)
Hire charges (video, TV, etc)
Entertainment expenses
Subscriptions
Car - tax and insurance
Car - running expenses
Car - service and maintenance
Children's expenditure
Saving plans
HP repayments and loan repayments
Contingencies
Credit card payments
Holidays
Estimated Expenditure
Income Coming In (NOT from business)
Income Minus Expenditure
= Survival Income Needed
(This figure is the share of the businesses profits each person/employee would need as
a minimum to survive - can the business afford it?)
P 162
5. BASIC FINANCIAL PLANNING 5.1
FINANCIAL PLANNING
Financial planning, record-keeping and control is so large a
subject that you can only learn so much from a short training
program. There are many books on the subject available from
libraries or bookshops.
Keeping Control Every business must calculate costs
accurately, monitor changes (such as wage
It is important to know how much
rises) and review it’s pricing policy. At least
running an organisation or business will
one member must have the skills to draw
cost and whether you can generate enough
up budgets and cash flows though it is
income to cover these costs. This is done
better if all members have good financial
by preparing a budget including wages,
skills so they can cover for sickness and
material costs, rent, power etc - the
question reports. The organisation should
business’ overheads. From this a break
discuss its financial situation regularly.
-even analysis can be worked out.
A break-even analysis is an estimate of
future income and expenditure which will
help you decide if the business will become
profitable and when. It is vital in planning,
especially deciding if you will need a loan
or overdraft.
If the organisation is operating
commercially these figures will help it
calculate the selling price of its product
or service. Adding together all the costs
of operating the business and fixing a profit
margin will give a total cost that can be
matched to expected sales to produce
a selling price.
P 163
6. BASIC FINANCIAL PLANNING 5.1
Keeping Records
Accurate and up-to-date records of sales
and spending are necessary to:
. Show where money comes from
and where it goes
. Help planning and budgeting
. Foresee problems before they become
a danger
. Draw up reports to members, funders
and the bank
. Make out VAT, tax, PAYE and national
insurance returns
Records must be appropriate to the size of
the business, the time and skills of members
and legal requirements. Some are as simple
as a box for receipts but you will probably
also need ledgers and cash books.
Some businesses sell goods or services on
credit and it is important that they organise
records in such a way that they can keep
track of customers and what they buy, how
long they will have to wait for payment
and have some idea of how trustworthy
clients are.
P 164
7. BASIC FINANCIAL PLANNING 5.1
FINANCIAL STATEMENTS
Main Means Of Presenting Using Information
Financial Information Information must be managed properly and
The main statements useful in a business some skill specialisation will develop. To
are the profit and loss account and the prevent an ’us and them’ situation where
balance sheet. a few members have more power simply
because they deal with finances all the time,
The profit and loss account shows the cost it is important to find ways for all members
of operating a business over time, together to be kept properly informed of the
with adjustments for depreciation, bad debts organisation’s financial affairs. Information
and creditors. must also be presented in ways they can
understand and respond to and this means
A balance sheet shows what a business is the organisation should ensure democratic
worth on a given date. It is made up of control and that members get a chance to
what the business owns (like equipment) put their point of view.
and money owed to it (assets) and money
it owes (liabilities). Assets minus liabilities
is the company’s value.
This information can be used to investigate
ways of improving performance or to obtain
new loans, for expansion for instance.
P 165
8. BASIC FINANCIAL PLANNING 5.1
CALCULATING COST-VALUES AND
NEGOTIATING TO WIN EXERCISE
The Shiverton Community Enterprise Centre
The Local Authority is opening a Community Enterprise Centre and is inviting
community groups to bid to provide certain services. Each ’concession’ is predicted to
generate a certain amount of profit and is granted for a number of years. Each player
or group of players represents one community group ’bidding’ to run one or more of
the services. The game requires one participant to act as the ’Council’, to organise and
manage the process of bidding and make the awards of the concessions.
After dividing into four players or teams, each is given a card that has their priority and
must-win concession on one side; the six concessions, their cost and duration on the other.
The six concessions are:
Concessions Profit Duration Min. Price
Canteen £500 pa 5 years £1,800
Creche £4,000 pa 1 year £3,000
Secretarial £2,000 pa 3 years £4,000
Cleaning £800 pa 4 years £2,000
Training £3,000 pa 1 year £2,000
Counselling £2,000 pa 2 years £2,400
Team 1
Priority concessions are secretarial, counselling and training;
Must-win concession is the training concession.
Team 2
Priority concessions are canteen, cleaning and secretarial;
Must-win concession is the secretarial concession.
Team 3
Priority concessions are creche, cleaning and training;
Must-win concession is the creche concession.
Team 4
Priority concessions are counselling, canteen and training;
Must-win concession is the counselling concession.
P 166
9. BASIC FINANCIAL PLANNING 5.1
Each team has an allocation of £7,000 that they can spend to gain their must-win
concession plus any other they care to bid for.
The first thing is for the teams to negotiate the bidding order. If no agreement can be
reached, then the bids go from the oldest player/team member in each team to the
youngest. Then the teams circulate, trying to find out the other teams’ priorities and
trying to make deals on bidding. 10 minutes maximum.
Each team announces its bid for the first concession. If no bid reaches the (secret) minimum
price, the Council may go to the team making the highest bid and ask them if they wish to
increase their bid. If not, the second highest can make a bid. If no team will increase their
bid, the concession is not awarded. This process continues for each concession or until all
teams have spent their money.
The winning team is the one making the most profit from its concessions as follows:
(total value concessions + money left) - (must-win cost - its minimum price)
Answers can be found in the appendix on page 415
P 167