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Databases 4th International Workshop on Semantic Learning and Applications, CVPR, 2008, Florida. Suman Karthik, C.V. Is Psychology Essay! Jawahar, Analysis of Relevance Feedback in Content Based Image Retrieval, Proceedings of the 9th International Conference on Control, Au- tomation, Robotics and Vision (ICARCV), 2006, Singapore. Suman Karthik, C.V. Jawahar, Virtual Textual Representation for Efficient Image Retrieval. Proceedings of the andy, 3rd International Conference on is psychology essay help Visual Information Engineering(VIE), 26-28 September 2006 in Bangalore, India. Suman Karthik, C.V.
Jawahar, Efficient Region Based Indexing and Retrieval for ict gcse aqa Images with Elastic Bucket Tries, Proceedings of the International Conference on Pattern Recognition(ICPR), 2006. Targeted Maintenance of Computing Devices in Information Technology Infrastructure United States US 13/551,015. System And Method For On-Demand Simulation Based Learning For Automation Framework United States US 13/604,846.
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hhhhhhhhhhhhhhhhh My Favorite Person something good to say about everyone. Micah is a blessing to essay help me and will . always be on the most favorite people. With all his wittiness and good looks, he is and unsupervised classification truly. Premium My Favorite Teacher all ways or I may also have misunderstood them. However, the teacher that I chose as deserving of the My Favorite Teacher earned this title due to the care he showed. Premium Favorite Place the essay, kids swim. Alton Brown , Climate , Climate change 525 Words | 3 Pages. My favorite teacher was scary and mean -- but only in the eyes of those who had never been in her classroom.
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Asia , Earth , English-language films 1308 Words | 4 Pages. McDonald’s, My Favorite Restaurant McDonald’s is a fast food restaurant chain and how to on your “has over 32,000 locations in more than 100 . countries around the globe” (McDonald’s website). It is one of most popular fast food restaurants in the world, and preferred by is psychology a science essay help a lot of used in writing literary essays people. The restaurants are very modern and is psychology a science help cozy and always have a place for about eveline children to play in. It is also known for their Happy Meals, which contains a hamburger, french fries and the always desired toy.
McDonald’s is my favorite fast food. Burger King , Fast food , Fast food restaurant 829 Words | 3 Pages. My Favorite Actor I never thought about that actor I liked but after analyzing it I think the . actor that I like and that caught my attention since I was young is Tom Hanks because he was a collogue student that seemed to have no future in acting and he was not very good on his classes in theater, I leaned that he was born in Concord California his childhood was like a normal kid with, divorced parents his father was descendant of British and his mom Portuguese descent. Hanks was a very shy. Academy Award for Best Actor , Actor , Bosom Buddies 606 Words | 2 Pages. My Favorite Place Everyone has a special place, a place where people can find happiness, be themselves, and peace.
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GLOBAL LESSON PLAN FORMAT Title of Lesson: My Favorite Community Helper Topic: Community Helpers Subject Areas: Language . In Writing Literary And Formal Essays. Arts, Social Studies, and Fine Arts Grade Level: 1st Grade Description or Outcome Statement: Students will listen to a science essay help a haiku poem about a Construction Worker. Ict Gcse Coursework. Together, students will brainstorm and create a haiku poem about essay pilots. Coursework. Then individually, students will create their own haiku poem about their favorite community worker. Specific Lesson Outcome Statement. Assessment , Education , Educational psychology 834 Words | 4 Pages.
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English-language films , Horror film , Love 973 Words | 3 Pages. What makes a good movie? Many things can contribute to making a movie good, like the actors , plot, type of movie, the writing, special . effects, its budget and so forth. But it actually depends on a science help, the person because one person may think a movie is good, and then the other may think it was a waste of how to beat own their time. See, I can explain what makes a good movie to me by elaborating off of 5 of my favorite movies. Well first off, a good movie has to be an action, comedy, or horror movie for me. Second, the. Brad Pitt , Cannabis , Fight Club 1298 Words | 3 Pages.
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Southeast for Miss Cherokee Survivor. We also have the Easyriders tour truck and and unsupervised two concerts featuring national acts. Essay. The event is held rain or shine, and . there is a minimal fee for essays about the three-day event. With that, I will tell you about a science essay help my most recent time away with my husband. I will tell you about the scenic route that we take to get to Cherokee, North Carolina. We go through Ellijay then Blue Ridge.
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The “Is Psychology a Science?” Debate | Psychology Today
10 Ways to Improve Your Writing While Thinking Like a Comedy Writer. A Science Help? Does it sometimes feel as if your writing is a dog chasing its tail—you circle around and ict gcse coursework aqa around, but keep returning to the same themes, characters and ideas? But does the is psychology a science essay thought of going down a new path cause your palms to classification sweat and your heart to beat like a hummingbird who’s downed a double espresso? If so, you may have SWEATS: Serious Writer Experiencing Anxiety and Timidity Syndrome. The surest sign: You have on occasion referred to yourself as a “Serious Writer” without cracking a smile. Fortunately, you don’t need medication to cope with your ailment—all you need is a science essay help, a shot of Comedy Writing 101.
It doesn’t matter what writing style you call home; every writer can benefit from learning a few new tricks. If you’re a fan of writing such bestselling authors as Carl Hiaasen, Janet Evanovich, Christopher Moore or Maureen Dowd, you know that humor can be a great tool in many different genres. But beyond that, the reckless act of trying to be funny can free any writer from the fear of taking chances and boost creativity in unexpected ways. With that in is psychology mind, here are 10 ways you can improve your writing by thinking like a comedy writer. #10 HOLD YOUR READERS’ ATTENTION WITH INCONGRUITY. Incongruity is the main reason we laugh. When logic and familiarity are replaced by things that don’t normally go together, such as a man lying in a hammock in an elevator, humor arises naturally as our minds recognize that things are out of andy place and try to is psychology find a way to make them connect.
Donna Gephart, author of the ict gcse aqa Sid Fleischman Humor Award–winning middle-grade novel As If Being 12? Isn’t Bad Enough, My Mother Is President , notes: “I always strive for the unexpected—quirky characters, unusual settings, wild plot ideas, etc. And I tend to find opportunities to sneak more humor into my books through successive revisions.” But incongruity is effective in other ways, too. Even if your goal isn’t laughter but simply keeping your readers engaged, you can use incongruity to keep things fresh by finding ways to is psychology help combine unexpected elements. A great way to summon incongruity is an exercise I call the Journalistic Association List. Simply write the words who , what , where , when and why across the top of a sheet of paper and separate the columns with vertical lines. Then draw a horizontal line about halfway down the supervised and unsupervised page. Choose your topic (the more concrete, the is psychology help better—for example, “space travel”) and in the appropriate columns in the upper half of the grid, fill in all the words you naturally associate with the topic.
Then ask yourself, What don’t I associate with this topic ? Fill the bottom half of the page with your answers. (See Page 20 for act essay a short example of essay what this exercise might look like, though yours should be much longer.) Select the most interesting associations, and consider: How can you use them to add interest to your work-in-progress? Similar to supervised classification incongruity is the is psychology essay idea of misdirection, a concept used by all writers who make readers believe they. are going down one path and then lead them astray. In comedy, the setup of a joke provides direction and the punch line provides misdirection, which is andy warhol essay, why it goes at the end. “Learning the essay help art of misdirection has benefited both my novels and my stand-up comedy by giving me the ability to and unsupervised classification zap an audience with the unexpected,” says bestselling mystery author L.J. A Science Help? Sellers, a former comedy-writing student of mine. But that doesn’t mean just throwing in a twist near the rules used in writing end of a science essay help a story.
Instead, consider using misdirection throughout any given piece in order to supervised and unsupervised keep your readers guessing. One of my favorite exercises for generating misdirected ideas is called Illogical Ways. First, choose a problem you’d like to resolve with misdirection. For example, let’s say you’re writing a novel and your main character needs to essay have a broken leg. Your goal is to find illogical ways for that to ict gcse coursework aqa happen. Is Psychology Essay Help? Starting at the end of the alphabet (because it makes your brain work differently), list one illogical way for each letter. For example: • In a ZEBRA stampede. • Slipping on nonfat YOGURT. • A XYLOPHONE accident. • WEARING pantyhose too tight, causing her to andy warhol outline trip … You can use this exercise to essay push even the most benign details of essays about your stories beyond the a science essay obvious, keeping your readers enthralled along the way. #8 FIND AN ELEMENT WORTH REPEATING.
Comedy relies on repetition. Watch a sitcom and notice how often something is repeated before the supervised and unsupervised classification big laughs come. Is Psychology? The magic number is usually three—an action is coursework, repeated twice, and then the third time, the writer goes for the hilarity. But repetition serves a purpose beyond just building the joke: It gives readers a feeling of being an insider, someone who knows what’s going on because they were there the first time. Whether you’re striving for humor or not, consider how you might use repetition and a science the “rule of three” as devices to achieve this. Coursework Aqa? #7 USE FAMILIARITY TO YOUR ADVANTAGE. Building on the idea of repetition, the running gag is a popular comedy device. Is Psychology A Science Essay Help? A running gag is an amusing character, situation or catchphrase that reappears throughout a work.
It’s easiest to illustrate this concept using examples from TV comedies: On “Cheers,” everyone yells “Norm!” every time that character comes into the bar; on “Home Improvement,” Wilson’s face is always obscured by something; and whenever Rose (Betty White) starts to tell the other women on ict gcse coursework “The Golden Girls” a St. Olaf story, the laughs begin before she even reaches the punch line. Is Psychology A Science Essay Help? You can draw on the effective idea of a running gag without it actually being a “gag.” Simply introduce an endearing character quirk into your next short story, or end an essay or article with a recognizable tagline, and ict gcse you’re there. #6 SATISFY READERS WITH A CALLBACK. A callback refers to using a memorable line from the beginning of a piece later in another context. This is an excellent tool for creating a feeling of completion in readers’ minds. Fans of Dave Barry will recognize this as something he frequently uses to essay help close his humor columns. Essays? (Once you’ve finished reading this article, you’ll see I’ve used it as well). The great news is, a callback doesn’t have to a science essay help be funny to work. Used? Try it and is psychology essay see. #5 EMPLOY THE POWER OF PLAY. It’s very hard to write funny or innovative stuff if you’re in a serious mood, so I always strive to be as childlike as possible when approaching my craft. Rules Used In Writing And Formal? As children we were motivated by fun and didn’t have an inner critic whispering in our ear, “Is this project leading to something worthwhile and productive?” Most researchers and parents agree that young children (from 3-7) laugh much more often than most adults.
Clearly we knew something decades ago that would come in handy now. No matter your genre, lack of is psychology essay help playfulness can drain the creativity out of your writing faster than a leaky bathtub drains chocolate milk and beat depression on your Lucky Charms. The best way to introduce more childlike fun to your writing is to follow Shakespeare’s advice: “The play’s the thing.” Of course, he meant this in another context—but this article is about taking things out of context, so go for it! Play with your children or your pets. Take an improv class. Dance badly to is psychology a science your favorite music.
Take recess instead of ict gcse aqa a coffee break. Just make sure your inner 5-year-old has a chance to play at least once a day, and even more often when you’re facing a writing deadline. Of all genres, humor is one that lends itself best to short-form writing, which is why it’s a great field for is psychology a science help writers with commitment issues. Stalled in your efforts to write the Great American Novel? Take a break and write sticky notes, greeting cards, one-liners and T-shirts instead. I do.
Behold, some of act essay my recent work: • On an apron: My other apron burned in the fire. • On a sticky note: You’re not the essay boss of me. Oh, wait, you are. My mistake. On Your? • On a button: I’m now available in 3-D. Glasses not included. The beauty about learning to help write short and snappy is that it can help anyone create attention-grabbing titles, subtitles and sidebars. Gephart, who has written for a humorous greeting card company, agrees: “I think my practice writing short, funny lines … helped tremendously in my ability to come up with catchy titles for used in writing literary and formal essays my novels.” A great exercise for honing this talent is to set a clock for 10 minutes and try to help write as many bumper. stickers as you can on a topic you’re currently exploring in your writing. How To On Your? When you’re done, choose a favorite. How might you put it to good use? One of the is psychology help truisms in comedy writing is that it takes most writers approximately 10 attempts at a joke to eveline create the funniest punch line.
This is a great rule to remember as you’re rewriting your feature article for the seventh time. A Science Help? If things are going well, you’re way ahead of the game. The rule of 10 also works in brainstorming, which is why I teach my writing students to use top 10 lists to ict gcse coursework come up with titles, plot points or character names. The most important part of this exercise is writing a headline that stimulates creativity. Instead of Top 10 Good Names for a Bad Guy, for example, try Top 10 Unexpected Names for a Bad Guy, or Top 10 Nicknames a Bad Guy Might Have Had in Middle School. The point is this: No matter what you’re writing, you should never settle for the first thing that comes to a science essay help mind. Only good can come when you push yourself further. #2 REMEMBER: NOTHING IS OFF-LIMITS.
Comedy writers and comedians tend to push buttons and boundaries. Think of Mae West, George Carlin, The Smothers Brothers, Larry Gelbart, Richard Pryor, Sarah Silverman and Chris Rock, to name a few. Ict Gcse Coursework? It may be that people who are attracted to a science essay writing funny have fearlessness built into their DNA, or perhaps comedy is a socially acceptable form of supervised and unsupervised expressing outrage at society’s foibles. Fearlessness and unflappability, however, are important for any writer. Is Psychology Essay Help? The minute a voice says, “Don’t go there,” you may find that rejecting that advice will lead you to the most important writing adventure of used in writing literary your life. I’ve written many humorous political essays and wondered what consequences might ensue. But I haven’t let it stop me—despite the is psychology a science essay help fact that I once came home to a message on my answering machine that began, “This is writing help, a call from the U.S. Department of Homeland Security. Is Psychology A Science Help? …” Comedy writers who also perform are regularly exposed to how to own others’ material. As a stand-up comic for the past 20 years, I’ve witnessed the work of several hundred other comedians. Watching and essay listening to them has influenced who I’ve become as a writer and performer. In the supervised classification same way, all writers should regularly learn from other writers.
If you’re a poet and don’t attend local poetry slams, you’re missing out on is psychology a science help the rush of creative thought that happens when you’re around others who do what you do. Ict Gcse Aqa? If you’re a writer and don’t participate in writing groups or conferences, now is a great time to change that. With the idea in mind of exposing yourself to is psychology a science help others’ work, I’ll leave you with one last exercise, which I call Where Do We Go from Here? Just write down a sentence or two from any piece of writing by a favorite author, then use that as a prompt to write two pages in your own style, going in any direction you want. For example, where would you go from Dorothy Parker’s, “I’d love to dance with you.
I’d love to be caught in warhol outline a midnight fire at sea”? Or how about Gelbart’s, “I don’t know why they’re shooting at us. All we want to do is bring them democracy and help white bread”? With all these techniques for pushing beyond the expected, learning to be silly and how to reaching outside your genre, it should be easier to approach new projects from a different perspective. And if you become a better laugher and have more fun at the same time, I won’t tell anyone. Your status as a Serious Writer is safe with me. Want to essay help write funny? Consider: Also check out these items from the Writer’s Digest’s collection: 9 thoughts on “ 10 Ways to Improve Your Writing While Thinking Like a Comedy Writer ”
I must thank you for this really helpful tips! Funny ideas don#8217;t come easily to everyone! And just like any other kind of writing, it is a mastered by some people after a little practice, while it takes others a lot of supervised and unsupervised classification time and work to get even a snigger from the reader! Anyway, any kind of writing is a real challenge! I think that if you want to a science essay help give a try, you must go for rules and formal it! And the best thing you can do is hoping, that everyone will enjoy it! Your advice is very valuable experience which surely will help me to improve my skills! Thanks for the great article! My genre is comedy that#8217;s what I have focused most of my writing energy on as well as children#8217;s books.
I#8217;ve found this article to be insightful. If anyone reading this blog has time please check out my blog and read some of my works I have an Archer, Workaholics, It#8217;s Always Sunny, and Bob#8217;s Burgers spec script up as well as 6 episodes of a sketch comedy show (inspired by SNL, Portlandia, Key and Peele) that I created and is psychology a science essay a feature screen play called Just Peachy. My blog is called http://www.Pugnitup.com and I am open to constructive critiques #128578; Thanks again for in writing and formal essays the article. Is Psychology A Science Essay Help? Love this article, but I can#8217;t help it, it did make me snicker that it was so serious#8230;or so it comes across to how to beat depression on your own me. I#8217;ve been working on some humor writing and for everyone who says humor comes in fits and starts, I say it all comes in help fits and starts. Literary And Formal? All of it. But there is a mood and is psychology help a way of stringing words together and andy warhol outline if you have a character through which you can deliver the humor and you can capture his/her voice, then you#8217;re a bit ahead of the game. Is Psychology A Science? I find sitting down and and unsupervised classification writing even when it doesn#8217;t #8216;feel#8217; funny often means I write much more intentionally and ask myself more questions. Then the is psychology help next day things are much more humorous. It#8217;s a skill like everything else and beat depression own it takes practice. I can now almost seamlessly slip into my character#8217;s voice and come up with humor.
I said almost. Great article! I love comedy but I haven#8217;t tried writing it very much. This is is psychology help, good motivation, though! #128578; You also have to be brave too. Having recently read #8216;Malice in Blunderland#8217; by Jonny Gibbings, an astonishingly rude, violent and as some are saying, the funniest book ever, and I agree. But it#8217;s all down to taste. He pushes boundaries, limits of taste and writing help that is where comedy can break new ground. His blog is the same. The thing is a science essay, with others like him, such as the rapper MNM that he is being compared to, there is a lot of very clever stuff going on, hidden inside stupid. Outline? The seeds of a gag planted long, long before the punch-line, twists and dialogue with a dark comedy twist.
I was lucky enough to go to one of essay help his readings before the paper launch (post ebook), what struck me was there was a consistency between him and his work. He is a naturally, very funny guy. I#8217;d have to say the fruits of surviving a very dark life. Andy Essay Outline? The ability to think something, and is psychology help just write it is where I fail. Editing it to and unsupervised classification make it less offensive or getting hung up on #8216;is it funny though?#8217; There are writers who can do funny, and is psychology essay there are funny writers. Love the article, Leigh.
I would love to write humor on a regular basis, but the ideas are still not regular enough. Your ideas will certainly boost my incentive to pursue this more. What a hilarious read! I was all LOL the supervised and unsupervised classification whole way through it, especially when that guy got that pie in the face (he deserved it). On a #8220;serious#8221; note, this was one of the most valuable and thoughtful posts I#8217;ve read in some time. Thank you for sharing your tips, I#8217;ll keep these nuggets handy. Thanks for the advice. I consider myself a mostly serious writer, with most commedy I write ending up sort of is psychology a science help accidentalmy brain demanding a break from all this seriousness, in supervised classification other words. I never really thought of is psychology help commedy having a method behind it.
It does give me something to think about.
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Create your free Business Plan now. Make an investment-worthy business plan easily with our free template. Select a Industry Fill in the Form. Complete your Business Plan. Print and Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Free Business Plan Template Download.
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The executive summary contains all of the is psychology a science essay essential information about what makes your business strong and ict gcse coursework aqa, worthy of investment . Essay. It covers the major highlights of the and unsupervised classification rest of your plan’s chapters. The goal is to a science briefly tell your reader what your company will do, where you want to take it, and about, why your business idea will be successful. If you are seeking financing, the executive summary is your first opportunity to grab a potential investor’s interest. The executive summary will be the first chapter of your business plan, though it’s actually the is psychology a science last section that you should write . First, you’ll need to do heavy research to ensure that your plan is sound before you can write the executive summary. This section will be different depending on if you are an established business or a new startup.
A startup company’s executive summary will need to be interesting and andy, convincing to a science essay capture the attention of investors. Your company will lack the historical data and trends that existing companies are able to provide, but there are strategies to mitigate these factors. First, you’ll need to briefly explain who you are, the background of eveline, your management team, and your reasoning behind starting a business in your chosen niche. Secondly, you’ll need to demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Investors know that talk is cheap – do you have the data and analysis to back up your claims? Even in a standard plan, the executive summary for an existing business has no set template, although there are several suggested guidelines that you can find around the web. We suggest the following basic template – feel free to add or subtract sections according to your own needs:
Summary Management Team Products and Services Customers Marketing and Sales Financial Forecast Financing Requirements (optional) Describe the purpose of the plan (e.g.; to raise a specific amount of a science, debt financing to expand a store location) as well an overview of the company (name, location, company type, products sold, founder(s) and founding date). Describe the key milestones or objectives that you want to achieve with this business (these are the tangible results in which you use to prove success of the venture). This statement should be concise and to the point. Summarize the members of the writing management team, including highlights of their expertise and experience . Describe how each member contributes to the success of the essay help organization. Keep this section brief, as you will go into more detail in the Products and Services section. Products and and unsupervised classification, Services. Describe the products and services you are providing and who the competitors are within the industry . Keep this section brief, as you will go into more detail in essay help the Products and Services section. Describe whom your customer groups are and warhol essay outline, whom your key customers are , as well as how you will market to them. Keep this section brief, as you will go into a science help, more detail in the Market section.
Describe briefly how you will market your product or service. Summarize the major points in the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the most important points from the Financial Plan section here. This should include your sales forecasts and projected expenses as well as the logic behind the projections. If you are a new company, describe when you expect to turn a profit . If you are an existing company, highlight past financial performance. 7. Financing Requirements (Optional) Summarize the amount of equity and/or debt financing that you are seeking, when you need it, the use of the funds, and beat own, when you expect to reach your next milestone event and/or start paying back the loan.
Keep this at an overview level , as you will go into more detail later on in other chapters. Note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process first . In particular, complete the financial planning process before attacking this section. Only then will you be able to identify the is psychology a science essay help amount of money you will need to raise. With these sections fleshed out, you’ve finished your executive summary. How to Write the Company and Financing Chapter.
The company and finance section of your plan is important, because introducing the management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of success. Company and Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Facilities (optional) There are many variations and approaches on how to lay out the and unsupervised classification various components of a business plan. Our approach for the company overview section is to provide the reader with the company’s legal information, address and a brief description of the is psychology a science help company’s history. Since there are follow up sections in on your own this chapter that over go the company’s location and is psychology essay help, history in more detail, you will want to keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is act essay help best determined by a credible Attorney. The primer below is meant only to is psychology a science essay explain the broad differences between the most common company types.
A sole proprietorship, according to used in writing literary and formal essays the IRS: “A sole proprietor is someone who owns an is psychology essay unincorporated business by him or herself.” While the most simple to set up and the most common, there is a significant drawback: you will be personally liable for any obligations. So for example, if you sell someone a cupcake and they sue you because they found a hair in in writing and formal it, and you lose in court, the creditors can legally go after your personal possessions – such as the essay help roof over your head. A partnership, according to the IRS: “A partnership is the relationship existing between two or more persons who join to carry on and unsupervised classification a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the company.” A partnership has certain advantages compared to a LLC, such as not needing to file formation documents when setting up a partnership, and essay, not needing to file dissolution documents if dissolving the essays about partnership. However, similar to sole proprietorships, partners in a partnership have unlimited liability for the company’s debts and liabilities. Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of partners: (1) General partners that have full management and control but also full personal liability and is psychology a science essay help, (2) Limited partners that have no personal liability beyond their investment in the partnership interest. Limited partners are often times “silent partners” that wish to invest in help the venture but limit their exposure to is psychology a science essay help liability. A corporation is a separate legal entity owned by shareholders.
A corporation is commonplace for and unsupervised, businesses that anticipate seeking venture capital financing. The downside to a corporation is the problem of “double taxation” since the corporation’s profits is taxed at is psychology a science essay help, the corporate level, and then any dividends distributed to shareholders are then taxed again at the personal level. You can elect a special tax status with the IRS to have your corporation not be taxed at act essay writing help, the corporate level (instead, it would be taxed as a pass-through entity). Some of the drawbacks include not being able to have more than 100 shareholders , and is psychology a science help, not being able to have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the member’s personal liability and only taxes profits at the individual level (acts as a pass-through entity). Describe the type of company you plan to open, along with the supervised and unsupervised classification registered name you plan to use. Explain your rationale – for essay, example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on this legal structure. If you have a home office/no dedicated business address.
Include your current office setup and your future office plans once your company expands, if applicable. For start-ups, and especially those seeking financing, the andy Management Team section is especially critical. With the lack of history, there is is psychology essay help little investors can go by to gauge the future success of a venture. The question lenders and investors will ask: Why should we trust your team with our money? You must demonstrate your team’s ability to execute on the stated goals. And Unsupervised Classification. To accomplish this, you should highlight: Background of each member of the is psychology a science management team (education, relevant work experience, etc.) Roles and responsibilities within the rules in writing essays company. Tip: Don’t include details about members of the Management Team that are not relevant to the reader. A Science Help. Everything presented should reinforce why your team is the supervised right team to essay execute on the company’s vision.
If you have an established business the ict gcse aqa information you want to present is the same. Keep in mind, however, that you also want to demonstrate that your team has the capability to manage growth of the company. As a company grows from is psychology help, start-up to established business, the management team must also change. They must be able to manage employees, institute standardized systems, and ensure the business’s ability to scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and a brief description. In a publically trading company the Board of Directors is elected by the shareholders and is the highest authority in the management of the company. Writing Help. For our purposes (context of a private company that is is psychology essay help most likely a startup or small but growing business), a Board of Directors is comprised of essays about, investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Director’s typical responsibility is to set broad policies for the company, determine compensation for company management, and approve annual budgets.
An advisory board is a group of business leaders that can help guide your company and provides it with assistance when needed. Essay Help. Choose individuals with knowledge in supervised your industry and is psychology essay, are willing to play a role in your company . While some advisors are compensated, it comes down to a case-by-case basis, frequently depending on how much time the member is committed to your company. Tips on building your Advisory Board: Choose a well-respected and well-known individual as the first member of rules used in writing and formal essays, your Advisory Board. This will help you to recruit other members of the is psychology a science help Board. Choose individuals that have strengths and eveline, relationships your business will need.
As your business evolves, so will the members of your Advisory Board. A Science Help. Feel free to shake up the line up over time. In this section you will tell the eveline reader how much money you need to raise, what you are going to use it for, and how you got to the requested amount. Important note: This is is psychology a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the act essay writing entire writing process and in particular, complete the financial planning process. Only then will you be able to a science identify the amount of money you will need to raise.
There are two primary financing options: equity and debt. The primary difference between equity and debt financing is ict gcse that debt financing is essentially a loan that is backed by your assets or via a personal guarantee. Is Psychology A Science. If your company is already in existence and has trading history, then you may also secure a loan off of your receivables. In contrast, equity financing is essentially you exchanging a stake in ict gcse coursework your company for a specific sum of money from an investor . Is Psychology A Science. Therefore, the amount you are able to raise from investors comes down to how much they value your company. There are three fundamental questions every savvy investor will ask you: Cool idea, how do you make money with it? How much money do you need, and andy, why and essay help, when? What do you think your company is worth? If you are seeking financing (regardless of its equity or debt), that most likely means that your financial model shows your company taking a loss in the initial stages, followed by break-even and subsequent profitability.
The money you are seeking to andy warhol raise will simply allow you to have enough cash to cover the initial period where you will be taking a loss so that you can eventually make a profit. This is a simplification; you may be raising money to further grow your company, which may already be profitable. Or you might use the is psychology a science financing to get your product to the next stage in used literary and formal essays its product development lifecycle (i.e.; milestone event). But the is psychology general concept is the same; the investment you are seeking bolsters your company’s cash position , allowing it to grow revenue and/or profitability. Cool idea, how do you make money with it? / How much money do you need, and why and when? The financial statements provide the essays eveline answer to a science essay the first two questions (which is supervised classification why we recommend you complete your plan first). To answer how much money you need, analyze the cash flow statement to determine the cumulative cash flow. A Science. The lowest point on this curve will tell you what your maximum financing needs are , and at what point in beat own time. What do you think your company is worth? The third question is much harder to answer, especially for a new company. At the end of the day it really comes down to essay what an investor thinks your company is worth (which is more art than science).
However, there are three popular methods of valuing a company that can help you come up with a valuation to facilitate the negotiation. Cost approach (asset based approach) The cost approach seeks to beat own determine a company’s value by analyzing the market value of its assets. In other words, in this approach the company is worth the sum of all its assets if they were to be liquidated . This approach may be appropriate for some industries such as real estate where the asset value may actually be worth more than the going concern value (present value of future cash flows generated by the asset). However, for many companies the is psychology help value of rules used in writing literary and formal, its branding and reputation, along with its ability to generate profits, will exceed the value of its assets.
The market approach seeks to determine a company’s value by analyzing recent sales of essay, similar assets, with the supervised and unsupervised theory that valuations of essay help, similar companies can serve as a good proxy. This is a common approach in the real estate industry. The income approach seeks to determine a company’s value by using its expected profit over time and ict gcse, then placing a value on that future stream of income in today’s terms . Since there is inherent uncertainty with a future stream of a science essay help, income, there are numerous ways to discount that expected income to account for risk. Now you have all the pieces to essays complete the equation. A Science Help. You have the amount of money you need by looking at cumulative cash flow. You also have an and unsupervised classification idea of how much money your company will be worth. Equation to determine how much equity you should offer:
Equity to offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for cash. Instead, you should focus on the loan’s interest rate and payment schedule. Make sure you will be turning a profit that is both large enough and soon enough to ensure there is no delinquency on servicing the loan. For equity financing, answer the is psychology help following: Investment amount needed When you need it How much time it will buy you / When you expect to turn a profit or get to the next milestone event % of equity offered and at essays about, what company valuation (you may wish to keep exact figures vague in order to further negotiate) Exit strategy. For debt financing, answer the following:
Loan amount needed When you need it When you will be able to pay back the loan The amount and frequency of loan payments. In addition to the information above, you should also summarize how you plan to use the funds. The level of detail should be at a high level ; if the investor or lender wants to see expenses in more detail that will be available in the Appendix within the Profit/Loss statement. Construction of new kitchen: Kitchen remodeling, March 1, 2014, $25,000 Kitchen hardware, April 1, 2014, $50,000 Total Loan Amount: $75,000. If based on a science your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice. With a line of credit you draw upon it when you require the funds and pay interest immediately on act essay help the money as it is borrowed. It works very similarly to a credit card in is psychology a science essay that you typically have a pre-set limit to how much you can borrow, the major exception that since you may be able to secure the line of credit with assets, you may be able to get better terms. In the Quick Start Guide we briefly went over writing help, the different strategies available and how thinking about your company’s eventual exit will help shape your business model. It’s recommended you review the Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including:
Selling your business Passing it down through the a science essay help family Taking the company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to this section. Angel investors and VCs demand a large return on supervised their investment since they are taking a large risk by investing into your company. Therefore, you need to essay include detailed information on how you intend to sell the company or take it public. Demonstrating a large market opportunity. If investors are going to take a big risk, they demand a big return. You need to demonstrate your business has the potential to either take substantial market share from an incumbent competitor, or create a new market. Investors like to used in writing literary be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and ones that investors are more inclined to invest in. Solving a larger company’s problem. If your exit strategy is to sell your company to is psychology a science essay a larger company, then identify how your company’s product solves that larger company’s stated problems and/or goals.
For example, Apple’s mapping software is playing catch-up to Google Maps. If your company can help Apple improve its software, your company would become an attractive acquisition target. The mission statement reflects the core purpose and vision of the warhol essay company. It’s a statement your employees and customers can get behind. Some tips on is psychology a science essay help writing a well-crafted mission statement: Keep it short.
1-2 sentences max. Don’t use “fluff” words. Make the help statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the culture/vision/purpose. Examples of Fortune 500 firms that really get it right: A. BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: “To discover, develop and deliver innovative medicines that help patients prevail over serious diseases.”
Why it’s great: The keywords “discover, develop and deliver” demonstrate the company’s capability to is psychology essay in delivering an end-to-end solution. By using the words “innovate” and how to depression on your own, “prevail over serious diseases” it serves as a rallying call for their thousands of is psychology a science essay, employees that what they are doing is (1) cutting edge and (2) has a higher purpose then themselves. Mission statement: “ We will be the easiest pharmacy retailer for customers to use.” Why it’s great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in the marketplace. It is coursework aqa a pharmacy retailer and it will solely focus on making itself easier for the customer to a science essay help use (that could mean so many things, such as innovating online to fulfill prescriptions to about improved customer service within their stores).
Example of poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to maximize long-term stockholder value, while adhering to the laws of the jurisdictions in which it operates and at all times observing the is psychology help highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for coursework, employees, suppliers, or partners. Its objectives are obvious (what company does not want to maximize value) and borderline absurd (are there companies that do not want to adhere to local and federal laws)? Lastly, it does not mention what the is psychology a science company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and keeping a diverse work force that reflects the and unsupervised nature of our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only is psychology essay, stating that as the company’s mission statement is ineffective, lacks direction or focus, and completely misses the point of having a mission statement. This is predominately for businesses that have previous trading history, but can also be used by supervised and unsupervised, new companies that want to highlight relevant history on how the company came to existence, work completed to date, milestones achieved, etc.
Some information you may want to include: Start date First location First product/service Significant milestones/events. Reminder: keep in mind that there is no set rule as to the level of detail you want to include. This is dictated by a science essay, the relevancy of the ict gcse aqa information to the reader and a science essay help, how this information helps strengthen your plan’s ability to build credibility for your company. Every company is essays eveline made of milestones. Milestones for a business are achievements that demonstrate the business is on help the right track. Essays About Eveline. They are best when quantifiable and measureable.
For example, achieving a working prototype of your product, or getting to is psychology essay help break-even, are both huge milestones that showcase your ability to execute and reduces subsequent risk of your company. Key concept: The more uncertainty that you can take off from the table, the better valuation you can get for your business. For businesses that have a retail or manufacturing component, this is an important section of how to beat depression on your, your plan. Information you may want to include: Size (e.g.; in sq. ft.) Location/Address Other notable facts, such as equipment at the facility. Location is important for a large number of retail businesses, whether you are a restaurant or purveyor of consumer products. If possible, provide statistics about the retail location you have chosen or are planning to choose. Describe the lease terms you are able to secure, and if there are any laws that protect the is psychology a science essay lessee from unreasonable price increases.
You can read a detailed article about what to look for in a lease agreement here. Provide detailed information on the manufacturing facilities. For example, your operation may require a reliable source of electricity and water. Describe how the essays about eveline facility provides the business with these resources. Essay Help. If the facility is pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an important aspect of your business even if you are not in retail or manufacturing. For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an ict gcse coursework employee recruitment and fundraising perspective.
If you operate out of a home office. Describe your future expansion plans, including expected date of expansion. Upon completing these sections, you will then be finished with the company and financing section of your business plan. Writing the is psychology a science help Products and Services Chapter. The products and services chapter of your business plan should be written clearly and descriptively, to help give investors a comprehensive understanding of the supervised and unsupervised bread and butter of your business. Your products and a science essay help, services section should include the following sections. Products and Services Chapter Sections. Products and Services Competitors Sourcing and Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and Services (optional)
Your products and services are the lifeblood of your business – it’s what your customers need, and if you get this right, everything else will follow . Commonly referred to as “product lift”, which essentially means getting the secret sauce working. It means that customers want to buy your product/service, and you are filling a need that was previously not satisfied. Thinking in writing help terms of benefits vs. features. What is the consumer really buying? For example, a person buying a Rolex watch is not only essay help, buying a device to tell time, but the prestige and status that comes with a luxury product.
Think about what end benefit your product/service delivers. Of course, the supervised functional aspects of your product/service are also important. Depending on what you are going to sell, think through the help features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from competing products/services. You may have heard the business adage that acquiring a new customer is indefinitely more expensive then keeping an rules in writing literary essays existing customer. One of the reasons this is a science essay help true is the potential to sell additional add-ons, upgrades and substitute products/services to existing customers . Think about how you can drive incremental revenue. Whether it’s via subscriptions, repeat business, or annual contracts, you may be providing products/services that generate a recurring revenue stream. This is andy essay outline a good thing, because (1) your revenue can be more predictable and stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per customer.
You will complete the price you want to set your products/services in the Financial Plan chapter, and we also have a section for you to a science help describe your pricing strategy; however it is depression advisable to start thinking about how you want to price your products/services. Competitive analysis is an extremely useful tool and one that should be revisited often as the competitive landscape changes over time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses. Tips on is psychology a science essay help how to perform competitive analysis. The Internet makes this much easier then in days past.
Some ideas: Google search using keywords that your customers would use to find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn. Not only do you have to worry about current competitors you can see, but you have to be vigilant and be on the lookout for new entrants. For example, a company that already sells to your customer base may see your industry as a logical next step. You should consider the likelihood of andy essay outline, new entrants high if: The industry sees high margins (its super profitable) There is unmet demand (more customers then suppliers) There are no major barriers to a science help entry (does not take much to start competing) There is future growth potential (such as mobile apps) Much of act essay writing help, this is common sense – if you see a market opportunity that no one is is psychology competing in yet, don’t expect that you will be alone for act essay writing, long. Sourcing is simply the process of procuring goods and services from suppliers that are required for your company to essay help make its products or deliver its service. Eveline. Some things to consider when choosing and a science essay help, managing your suppliers:
Cost: This is an essays obvious one – the lower the price, the higher your profit margins will be. Payment terms: The longer you have to is psychology a science help pay your suppliers, the more working capital you have on hand. Reliability: You must consider how reliable your suppliers are and beat own, what would happen to your ability to operate if they cannot deliver. Scalability: As your business expands, will your suppliers be able to meet your needs? Fulfillment is simply the process of is psychology help, how your company delivers its products/services, from in writing literary and formal, point of sale to delivery. There are several popular fulfillment options:
Engineer to order: the product is is psychology a science designed and built to customer specifications (e.g.; large construction projects) Build to coursework aqa order: the product’s design is standardized but manufacture of final product is based off of customer specifications (e.g.; aircraft and yachts) Assemble to order: the product is assembled to the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to essay help stock: the product is manufactured in quantity based on expected sales of the product (e.g.; retailers) If you are going to be selling physical products and expect to hold inventory, then you should pay very close attention to how you forecast the amount of inventory you need to meet your projected sales. Too little inventory and how to beat on your own, you may not be able to a science essay help meet demand. Too much inventory and essays eveline, you tie up all of your cash on excess inventory. Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and make sure you account for seasonality. Have accurate inventory tracking.
Use bar code scanning or equivalent to is psychology help ensure there are no data entry errors. Utilize inventory management software. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for you to manage and maximize your inventory levels. Technology in today’s business environment is becoming more and more important and serves as a source of competitive advantage. Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices. FedEx uses technology to eveline optimize delivery routes and times, which enables it to ship to practically every corner of the is psychology help globe, seamlessly and with very low error rates. Think about how technology plays a part in your business and if it is critical to your business operations. If technology is critical to aqa your business operations, then you must think about your disaster preparedness and is psychology essay help, contingency planning . Essays Eveline. Depending on your business, you may want to create back-up copies of data and software, routine security checks, and securing physical assets. What would happen if you lost access to is psychology a science help the technology? Think about alternatives that you could utilize.
For example, if you license a piece of software and later down the road decide that the cost is how to own too high, is there a competitor who can license you an essay alternative? If you have exclusive rights to a technology, either through a patent or through an exclusive license agreement, this is a great competitive advantage and one that you will want to describe in about detail. There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and a science help, copyright (such as novels and movies). If you have intellectual property that you want to and unsupervised protect, it is advisable that you seek the professional advice of a good Patent/IP Attorney , since this is a great way to provide a barrier to entry for help, your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and rules used literary and formal, industrial designs (trade secrets, trade dress). Is Psychology A Science Essay. If you have any proprietary process or technology then it is recommended that you apply for a patent to protect your invention. You should apply for a trademark for your company name and logo as well. Intellectual property type 2: copyright.
These include literary and essays about eveline, artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and essay, architectural designs. In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide. Enforcing your intellectual property may be feasible from a legal point of view, but many times is not practical in practice. For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and your employees and contractors. It is just as important to supervised and unsupervised classification secure your intellectual property in relation to your employees and contractors. Everyone should be required to sign an invention assignment agreement, which basically states that the company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for is psychology a science essay help, employees to use , so that if there is ever a conflict as to whom owns a piece of intellectual property, there is a physical record. If you have future products and services planned, it is a good idea to describe the product roadmap and strategy behind it . Literary And Formal Essays. A key concept is that of product lifecycle, which describes the stages of the life of is psychology essay, a product.
During this phase, your product will incur heavy promotional costs as you get the word out. You may discount the essay price of the product to encourage new customers. During this phase, you may focus on is psychology a science help expanding your product to new segments in about eveline the marketplace, and expand the product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of essay help, your labor. You may add new features to and unsupervised your product to stay competitive and to further differentiate your product from competitors. Marketing spend for your product starts to dissipate as sales of a science, your product are in steady decline.
After including all of on your, this information, you’ll have completed the products and services chapter. Writing the is psychology a science essay Customers and Market Analysis Chapter. The customers and market analysis chapter will give you an opportunity to describe what your customer segments are, what needs you are filling for them, and how these groups of act essay writing help, customers are trending in a science essay help terms of growth and behavior. Coursework. This chapter also includes any regulatory restrictions specific to is psychology essay help your industry. Customers and Market Analysis Sections. Market Overview Market Needs Market Trends (optional) Market Growth (optional) Industry Analysis (optional) Key Customers (optional) In the market overview section you are going to calculate the total market (referred to as Total Addressable Market) for your products, and then the segment of that market your business can capture. Total addressable market can be thought of in several distinct levels.
At the ict gcse coursework highest level is an estimate of the total market given 100% saturation. Another way of looking at this is what would be the total market if one company had 100% market share. Once you have the is psychology a science essay help total addressable market, then you can estimate what percentage of this you can realistically capture. This, of course, is much harder to predict with accuracy. So the important thing to remember is to utilize strong sources for act essay writing help, your assumptions. For example, lets say you plan to open a high-end steakhouse in downtown Miami.
To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and research the average annual sales for each restaurant. Is Psychology Essay. Then multiply the supervised classification two to get the total sales for all high-end restaurants. This would be your total addressable market. Using the example above, we can then drill down to is psychology the next level and determine what percentage of the market you can realistically capture. You might assume that you will take an equal share of the used in writing literary essays market, thereby decreasing all other competitor’s shares in the market. A Science Help. Or you might offer cheaper prices, which you assume would take a larger percent of the market. Whatever your assumption, make sure it is well documented and beat depression on your, logical.
To obtain jaw-dropping product-lift you must solve a difficult and is psychology a science, painful problem for writing help, the customer. And if there are competitors, you must solve the problem better than them, and enough so that customers are willing to switch to your company. Describe what problem your product is solving. Is Psychology A Science Help. If you are targeting multiple customer segments, make sure you go into detail on supervised classification how your product serves each customer segment. Describe how your solution better solves customer’s pain points then your competitors. We as consumers are inherently lazy. We do not want to go through the time and cost of switching from one company’s product/services unless it is a science compelling enough, which is dependent on the switching cost.
For example, there is virtually no cost to switch from Coke to Pepsi. On the other hand, there is writing high switching cost associated with migrating from help, a Mac to andy outline a PC. Is Psychology A Science Essay Help. To overcome this problem, describe how your product either is able to overcome customer’s inherent adversity towards switching products, or if your product is rules able to reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from your competitors, you are creating a new market for your products). Understanding market trends at the macro level is critical for various aspects of is psychology essay help, your business. A growing or shrinking market is described in more detail in how to beat depression own the market growth section.
Below are some of the a science help other factors that will affect market trends: The overall economy has a disproportionate effect on classification some businesses. For example, dog-walking services usually see a decline in sales as households reduce spending on non-essential purchases. Government regulations and policies can completely alter an industry, so it is imperative that you are up to date on upcoming changes. A Science Help. For example, the Jobs Act of eveline, 2012 allowed for the first time non-accredited investors to participate in private placement of securities. This in turn has created a new market for crowd-funding websites to help emerge to connect startups with all types of investors. You may be in an industry where political conditions have an impact on the bottom line. For example, if you count the Dept. of Defense as one of your clients, then the across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of 2011) would surely have a negative effect on beat depression on your your business. If you build your business on top of is psychology essay, a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to use technology, then that will surely put you in a less advantageous position. Knowing technology trends is act essay valuable in ensuring you are gaining a competitive advantage through the use of technology. Your customers may change their sensitivity to price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes.
Keeping an is psychology a science essay eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is simply measuring the change in market size from one time period to the next (usually in years). On Your. So if the market in a science essay help the first year was $100 million and $150 million the second year, then the market can be said to have grown by 50%. You will find that measuring market growth using historical market size data is classification much easier then forecasting market growth. Utilize publically available data sources, trade publications, market research firms, and government agencies to is psychology essay find much of this research. Being able to demonstrate a market is growing is obviously important – for writing help, example, the market for Blackberry accessories is clearly a declining market. Is Psychology A Science Essay. Most investors and lenders will not want to on your own see a new business chase after dwindling customers. On the other hand, the market for a science help, Apple and classification, Samsung phone accessories have seen great growth and will continue to grow as those companies continue to add new customers.
Your industry is essay defined as the group of beat own, companies that are related to you in a science essay help terms of what you sell/how you derive your revenue. For example, Ford and Nissan are both in the automotive industry. Andy Essay. Ford and is psychology a science, Nissan’s market (i.e.; customers) would be the end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on andy warhol essay the Dept. of Labor website. Understanding your industry’s dynamics is is psychology a science help imperative to knowing it’s profit potential and attractiveness. A popular framework for conducting industry analysis is Porter’s five forces analysis, which analyzes an industry’s competitiveness (and therefore attractiveness). By performing this analysis you will have a clear picture of your competitors and about eveline, how your company fits within the essay help competitive landscape. If your industry has low barriers to entry and low switching costs, then expect increased competition, as there is little standing in the way for new entrants to enter the market and compete.
If your industry is act essay writing help supplied by very few suppliers with little alternative but to source from those suppliers, then expect downward pressure on your margins. If your industry only has a small number of buyers, or there are many alternative products to choose from, then expect downward pressure on your margins. If there are many substitute products in your industry and the switching costs between them are low, then expect substantial competition. An industry is very competitive if there are many competitors about the same size, there is little differentiation between competitor’s products, and it is mature with little growth (so the is psychology essay help only way to grow is to rules literary take a competitor’s market share). Although your product may cater to many different sets of customers, you want to focus on help a select group that will be the most likely to purchase your product/service and account for rules literary essays, the lion’s share of a science essay help, your company’s revenue.
For many businesses, you will soon realize that a large portion of your revenue comes from a small percentage of your customers. For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of essays, coffee every day, versus the student type that comes in once a month. When you can name your key customers. If you are in is psychology a science a business where volumes are low and prices are high, then you should be able to name your key customers individually. In this case, you should describe in detail your relationship with each of them separately. If you’ve filled out supervised and unsupervised this chapter, congratulations. Doing market research and customer analysis is a complicated and time consuming task. Time to move on to the next chapter!
Writing the Marketing and Sales Chapter. The marketing and sales chapter gives you an opportunity to describe how you will manage your sales force and what sales activities they will conduct in a science order to beat on your close sales. Overview Positioning Pricing Promotion Distribution. In this section, summarize your marketing plan, being sure to include: Positioning: Are you going to be the lowest cost provider or provide a differentiated product? Pricing: How will you price your products/services? Promotion: How will your market your products/services? Distribution: Where will your product/services be available? Tip: It will be easier to write this section after you complete the subsequent sections as the overview section summarizes key findings from the other section.
Keep this section at the summary-level, as you will go into further detail in the subsequent sections. Describe how you position your company within the competitive landscape. Will you compete on a science essay help price, or will you differentiate your offering and stand out from used in writing and formal essays, your peers? For example, Wal-Mart positions itself as the is psychology a science essay help low-cost provider in an industry, while Apple designs premium products to reach the luxury end of the market. Provide your product/service at ict gcse, the cheapest price point in the marketplace.
There are three primary ways to achieve this: Economies of Scale: For example, being able to turn more tables in a restaurant or produce more widgets in a factory. The more you are able to produce from your asset, the is psychology cheaper it becomes. It will also be harder for your competitors to enter the market since you have fixed assets and experience that requires a large investment. Low operating costs: Keeping costs down across all aspects of the business, including: Standardization: Limited customization Outsourcing: Outsourcing labor to low cost production centers Thrift: Limiting advertising and RD spend Optimized supply-chain: By lowering inventory and negotiating with suppliers, companies can substantially improve their profitability and cash flow. Making your product/service unique by targeting a specific segment of the market is a compelling strategy, especially if: Your customers are not price sensitive The market is competitive Your are targeting a specific niche You can provide a product/service that is not easily copied. You can also achieve differentiation through branding and marketing – for example, Starbucks sells premium coffee at a premium price point, primarily through the strength of their branding and not through the taste of their coffee.
Determining the optimal price for coursework, your products/services will require you to think through several factors: If you are going shooting for the low cost provider strategy, then you will want to is psychology help price yourself accordingly. Andy Outline. Likewise, if you are going for the luxury end of the market, then a higher price is often times a proxy for quality. How price sensitive are your customers? If your customers are making their purchase decision primarily based on price, then you will want to be sensitive to this. The price you set must be high enough to over your costs so you can turn a profit. Essay Help. There are, of course, exceptions. For example, you might want to achieve economies of scale by warhol, maximizing units sold, or you might be maximizing revenue to a science help achieve dominant market share.
There may be regulatory/legal constraints on aqa how much you can charge. For example, payday loan vendors are restricted in how much they can charge their customers. Looking at what your competitors charge can give you a understanding of what current customers are accustomed to paying and will likely be willing to a science essay help pay for your products/services. There are price points that consumers are psychologically more accustomed to, such as amounts ending in .99 or .95. In this section, you move from describing your marketing plan onto how you will convey your marketing message to act essay writing help your intended audience. What marketing channels will you utilize to is psychology help reach your target customers? Depending on your business, traditional media may be an important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Used Literary And Formal. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and consume a small business’s entire marketing budget.
A website is a key component of your digital marketing efforts as it will be the destination in a science help which your online leads will first visit. Some online marketing options include: Search engines (i.e.; Google, Bing) Directories (Yelp, Angies List) Daily deals (Groupon) Email marketing Social media (Facebook, Twitter) Word of mouth marketing is by beat on your, far the most profitable and powerful marketing channel available to is psychology a science essay any business. New customers that are referred to ict gcse aqa your business are more likely to purchase and more likely to continue referring your company. There are ways to boost word of mouth marketing, especially with the advent of social media. For example, asking a satisfied customer to like your business on Yelp and Facebook will potentially reach hundreds of their contacts, all with one click. Integrating social media into a science, your word of mouth marketing strategy is eveline invaluable for every business. Blogging/Becoming a subject matter expert.
Having a leading voice in your industry will help your business gain credibility from customers, suppliers, partners and competitors. You can start by participating on public forums and blogs related to your business and adapting the adage “give more to get more”. How will your products be available? On one end of the spectrum is direct marketing, whereby you sell directly to your customers. Or if you manufacture your products, you might sell through distributors, who in turn sell to retailers, who in turn sell to consumers. Three common models: Product is stocked in mass-market distribution channels. A Science. Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels. Examples include nautical computers and tooling/machinery. Product is only sold through an exclusive channel.
Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. Writing the Strategy and help, Implementation Chapter. The strategy and is psychology essay, implementation chapter will give you an coursework aqa opportunity to define the key milestones that mark meaningful progress towards your goals. Help. It also includes sections that further elaborate on writing help your competitors. Strategy and is psychology essay help, Implementation Sections. Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional) Milestones are the beat key events that demonstrate progress is being made , such as completing the company’s first prototype or breaking even. These provide a tangible way to measure the success of the business venture. Milestones are so incredibly important to a science help a business yet are one of those things that can be easily overlooked. Why are milestones so important?
Because they are a way to measure meaningful progress of a company that in effect, makes that company less risky (and therefore more valuable). A new company has an essays about extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the company’s risk decreases. It becomes more apparent that the venture will succeed. Investors and lenders will be looking at what milestones your company has reached in order to a science help create a fair valuation. Milestones might include: Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for used essays, store First paying customer Breaking even Turning a profit* *If you can demonstrate not only turning a profit, but also sustaining that profit, then that is a huge milestone. SWOT Analysis is is psychology a science a useful technique for understanding your company’s strengths and weaknesses , while identifying both the opportunities open to your business and the threats it faces. Strengths and Weaknesses refer to internal factors in your company, such as: Employees and staff Physical assets such as equipment and warhol essay, facilities Financial assets. Opportunities and is psychology a science, Threats refer to about external factors facing your company, such as: Market trends Regulatory and is psychology a science essay, legal Macroeconomic conditions Competitors.
Competitive edge can be bucketed into four primary areas: cost, differentiation, innovation and operational effectiveness. Are you providing a product/service at a lower cost then your competitors? This is a straightforward competitive edge that is very difficult to deliver. Providing the rules used in writing lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of is psychology, scale. Are you providing a product/service that your competitors are not offering or cannot offer? This is warhol outline a common strategy whereby you provide differentiated value in order to is psychology essay better serve customers and/or reach a portion of the market that may be under-served. Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by supervised and unsupervised, the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is a powerful business strategy. Do you provide superior time to market or customer service?
For example, your customers may be willing to pay a higher price for is psychology a science essay help, better customer service . Nordstrom’s is an example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is supervised classification a commonplace occurrence in business. Is Psychology Help. There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an opportunity for a partnership in the future and that should be included in this section. You might have a supplier who has a disproportionate amount of influence and andy outline, power of your business.
Striking a partnership in this case may decrease those risk factors and provide a competitive advantage over your competitors. You might have a large portion of your revenue coming from several key customers. Inking an exclusive agreement to lock in revenue would, for instance, give you predictable cash flow. It is not uncommon to is psychology a science essay help partner with competitors under certain circumstances – for about, example, to is psychology a science essay set standards for supervised, the industry or to help further adoption of a technology. For example, Sony and Panasonic partnered together to a science increase the adoption of Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. Ict Gcse Coursework Aqa. For example, Samsung is the official sponsor of the Olympic games and will provide free mobile phones to is psychology a science essay all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished. Writing the rules used in writing literary essays Financial Plan, Statements, and a science essay help, Sales Forecast Chapters. Writing the financial plan, financial statements, and essays eveline, sales forecast will be the is psychology most difficult part of your entire plan.
It requires making a large number of intelligent assumptions about the size of the and unsupervised market you can realistically target, and the costs associated with making your product or rendering your services. These sections are the red meat of your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to make sure they know they’re making a solid financial investment. Chapter 7: Financial Plan and is psychology a science essay help, Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and Investments Starting Balances Historical Financials Key Metrics for Success. Define the ict gcse aqa price in which you will sell your products and services, the cost it will take to produce or sell the product/service, and the number of units you will sell. Be conservative when making your estimates on the number of units you will sell, ensuring you have a reasonable methodology when making your forecast.
It is is psychology a science highly recommended that you first complete the following sections as they lay the foundation for defining the sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the beat depression production cost Target Market section: Defines the size of is psychology a science help, your target market and essays, what quantities you can sell. Tip: Your sales forecast should sync with your Sales and is psychology essay, Marketing plan. For example, if you plan on hiring several sales people nine months from the start of aqa, your business, you should forecast an increase in sales thereafter. This is the price you will sell your products/services. Fixed price: Suitable for most sales forecast modeling Price changes over time: The price of your product/service may increase/decrease in a science price over time for act essay writing help, several reasons: Keep up with inflation Keep up with increased cost of raw materials or components Seasonal product – discount to offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of producing your product/service (at the unit level). Otherwise known as cost of goods sold (COGS). Fixed costs: Suitable for most sales forecast modeling % of sales: A good way to forecast costs; as sales increase you can set the cost as a % of sales on help a sliding scale.
Costs vary each month: The cost of your product/service may increase/decrease in price over supervised and unsupervised classification, time for several reasons: Economy of is psychology a science help, scale: the more units you produce, the coursework cheaper it becomes to a science essay produce them Bargaining power: the more units you buy from writing help, your supplies, the cheaper they become Seasonality: cost of raw materials may fluctuate based on is psychology a science essay time of year. This is the act essay expected number of a science essay help, units you will sell. My units are constant: Not particularly suitable as most businesses will expect to have some growth over writing help, time. Is Psychology A Science. Units sold changes over time: The quantity sold of act essay writing help, your product/service may increase over is psychology essay, time for essay, several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by is psychology help, products/services sold. In the United States, there is no sales tax at about eveline, the federal level; however, many states levy selective sales tax on particular goods or services. Check with your state department of taxation if you are required to collect sales tax. If yes, you collect the sales tax from is psychology, your customers and help, then remit the tax to the state each year. If the a science individual assumptions used for each component of the eveline sales forecast is accurate, so will the is psychology essay overall sales forecast.
You should be able to coursework aqa explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the largest expense of any business. In this section, you will enter forecasted employees and contractors you plan to hire. The number of personnel you plan to hire and at is psychology help, what time is more of an literary essays art then a science. Too much staff too soon and you’ll burn through your working capital. Essay Help. Too few staff and you’ll run the risk of alienating your customers and partners when you can’t deliver. A good way to think about your personnel plan is to think about the milestones you want your business to accomplish and what personnel are required to act essay writing get your business there.
You can always revise your estimates, so start off with your best estimate and come back to this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in your staffing plan. For example, if you are seeking venture capital that mean you are going to want to hire and scale quickly in order to generate large revenues. Conversely, if you are seeking debt financing, you want to operate as lean as possible and maximize profitability so you can service your loans. Fixed amount: Suitable for most situations. Changes over time: You might want to define a compensation plan for sales personnel that have an annual bonus component, for example.
Employee: If choosing employee you will have to consider certain employee taxes and other considerations. Contractor: If selecting contractor, ensure that you are classifying said contractor correctly. In the a science United States, for example, you are legally required to provide employee-type benefits in certain situations even if you classify the how to personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, worker’s compensation and is psychology a science help, health insurance, paid time off, training and in writing essays, travel expenses, vacation and sick leave, pension contributions and other benefits. This is is psychology a science essay help referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only about, affects employees and is psychology help, not contractors. If unsure what to enter, 15% is a fair estimate. Explain the assumptions and methodology used to define the personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to andy warhol essay hire several sales people to is psychology a science essay coincide with the release of a new product.
Enter expenses you plan on incurring for your business. A good way to make sure you capture majority of your business’s expenses is to think through costs associated with each functional area of your business, such as product development, marketing and operations. How To Depression Own. Categorize expense into groups, such legal and administrative, rent and leases, and telecommunications. Do not include fixed asset expenses (assets whereby you derive value from for more than 12 months) such as a company van or computers. You will enter these in the next step. Advertising Expense Amortization Expense Auto Expense Bad Debt Expense Bank Charges Cash Over and Short Commission Expense Depreciation Expense Employee Benefit Program Freight Expense Gifts Expense Insurance – General Interest Expense Professional Fees License Expense Maintenance Expense Meals and a science essay, Entertainment Office Expense Payroll Taxes Printing Postage Rent Repairs Expense Salaries Expense Supplies Expense Taxes – FIT Expense Utilities Expense Gain/Loss on Sale of Assets. Enter long-term asset expenses here. Long-term assets are comprised of two types: tangible and intangible assets. Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Beat Depression. Fixed assets are depreciated over its useful lifetime. This is an accounting method that allows the business to allocate the costs of the is psychology a science essay asset over its life by used literary and formal essays, gradually reducing its value.
Common fixed assets: Land and Buildings Motor vehicles Furniture Office equipment Fixtures and fittings Plant and machinery. Intangible assets are long-term assets that are not physical in nature. Intangible assets are amortized over its useful life. These might include: Intellectual property (items such as patents, trademarks, copyrights, business methodologies) Goodwill Brand recognition. Enter other short-term assets here, which most likely will be any prepaid expense that lasts for less than 12 months.
Besides prepaid expenses, other current assets also include short-term investments and a science, securities that are likely to turned into cash within a year. A prepaid expense can be described as such: A 12-month office lease is signed with the warhol outline total lease amount of essay help, $12,000 being paid upfront. Classifying this as a regular expense would not be accurate because then the PL Statement and supervised and unsupervised classification, Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. Is Psychology A Science Help. This type of expense is better described as a prepaid expense, since the use of the office is spread out over used literary, a 12-month period of a science essay help, time and can be considered an asset on the Balance Sheet that is expensed over time. By classifying this as a prepaid expense (or an rules used in writing literary and formal essays amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at a science help, $1,000 each month, while the act essay writing Cash Flow Statement would reflect the a science essay help $12,000 payment on month in which it was made. Under Assets, the on your own Balance Sheet would then show the amount of Prepaid Lease that is is psychology a science essay remaining at the end of the accounting period. Enter an estimate for income taxes you expect to pay, which should be a summation of federal, state and local income tax. Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in ict gcse coursework aqa the Personnel Section as the Burden Rate). As this is only an estimate, 100% accuracy is a science essay help not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and LLCs/partnerships, respectively) are payments to depression own the company’s shareholders/owners, taken from the company’s profit. Dividends are typically paid out at the end of the is psychology essay fiscal year, while distributions can be given out at the discretion of the classification owners.
You may want to essay set this to zero initially and see how the financials of ict gcse coursework aqa, your business model work out; then you can work backwards and determine how much of retained profit you want to distribute to is psychology essay owners/shareholders. Here you can explain any regular costs that are associated with running your business. Act Essay Writing. What are the monthly or ongoing costs that you must pay to is psychology keep the business up and running? For example, this could be paying monthly utilities and rent expenses for your office space, insurance, or any marketing or advertising costs. For a start-up, remember that there are always up-front costs or one-time costs associated with getting things started, so be aware of any of writing help, these expenses and include them in is psychology a science essay your budget. Accounts receivable is defined as sales that the company has made but has yet to collect the money from the purchaser. Most companies operate by allowing some portion of their sales to be on credit. Supervised Classification. These types of sales are usually made to frequent or special customers who are invoiced periodically, and allow them to avoid the hassle of physically making payments as each transaction occurs.
You want your accounts receivable to be as low as possible to increase your cash flow. Defining what percentage of your sales will be on credit. You want this percentage to is psychology a science essay be as low as possible, while keeping in coursework aqa mind that for essay, some businesses it is preferential to provide some credit to your best customers. Defining how long it will take to collect payment. Of the customers that you provide credit to, you need to define when they are to pay you back. The faster, the better your cash flow will look like.
It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to suppliers and banks. It is to your advantage to ict gcse negotiate longer payment terms with your suppliers, as it will improve your cash flow. Essay Help. When looking at accounts receivable (what is owed to you) and accounts payable (what you owe), the key thing to andy warhol essay remember is that you want to be paid as soon as possible, and you want to pay others as late as possible (cash on hand is a science king). Defining what percentage of your purchases will be on credit. You want this percentage to be as high as possible, as that will improve your cash flow. Essays About. However, ensure you are able to pay your vendors on is psychology a science the purchases made on credit. Defining how long it will take to act essay writing collect incoming payments. How many days will it take, on average, to a science help collect incoming payments? Select the typical number of days between when you make a credit sale and when the payment arrives.
Keep in mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and you plan on keeping inventory on hand, then you need to define how many months of inventory you wish to keep on hand. The more months of inventory you hold on hand, the more cash is rules used in writing and formal tied up in inventory. This will affect your cash flow. How much inventory should you carry? The ideal amount varies from industry to essay help industry, and business to business. Andy Essay Outline. A good place to find more information is a science essay trade associations for and unsupervised, your industry. In order to a science improve your company’s inventory management, you will need to start by rules used in writing and formal, collecting good records on your inventory. Using inventory turnover rate as an indicator. Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on hand.
A low inventory turnover rate means that you may have too much inventory on hand. Understanding and managing cash flow is very important to any business. The time period for credit sales and payments may depend on your suppliers or your industry. Paying and getting paid later rather than earlier can entirely change your cash flow projections. You can utilize this section to a science explain any assumptions about cash flow, including details on the time period in which you will make and essays, receive payments. How did you come to a science help these assumptions and how will it affect your business? When taking out a loan, you borrow an amount of money (principal) from about, a lender, and are obligated to is psychology a science essay pay back at a later time (usually in installments). You will typically pay interest on the loan.
If you are seeking a loan then enter the amount, as you want to forecast the financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is commonplace. These might include credit cards, home equity line of credit (HELOC), and installment loans. If you have an existing small business, commercial loans can be obtained, which are based on a variety of factors.
Secured vs Unsecured Loans. A secured loan is warhol essay a loan in which you pledge some asset (equipment, property, etc.) as collateral. Unsecured loans (credit cards, personal loans) are not secured against a science essay, a borrower’s assets. Beat Depression On Your Own. Interest rates will be higher for unsecured loans versus secured loans, for obvious reasons. If you have a pre-existing loan, then you can specify those details in the Starting Balances section. A line of essay help, credit is similar to a loan with the classification difference being that interest is not charged on the part of the is psychology essay help line of credit that is ict gcse aqa unused, and the borrower can draw on the line of credit at any time that he or she needs to. If you are seeking a line of credit then enter the amount, as you want to forecast the is psychology essay help financials assuming you have secured the line of and unsupervised classification, credit. The line of a science help, credit may be classified as a demand loan, which means that any outstanding balance will have to be paid immediately at the financial institution’s request. Investments include injections of cash into the business from you, other shareholders or owners, or investors.
This typically refers to equity investments where investors contribute cash to the business in exchange for equity (ownership). In this section, you can describe how your business will be funded. If you are a startup, it is likely that the money you make from sales will not cover all your business expenses so you may need additional sources of funding, such as taking out a loan, receiving investors’ capital, credit lines, or other ways of borrowing money. What type of funding will you acquire? At what point in your plan are you expecting these funds? For existing businesses only. The starting balances will be used to adjust the balance sheet to ict gcse take into account your company’s financial history. Important: all starting balances should be entered as they are at the start of your plan. Enter starting balances for a science essay, assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation.
Enter starting balances for liabilities: Enter starting balance for Capital and Earnings: Enter your Recent Sales: One month before start date Two months before start date Three months before start date Four months before start date Five months before start date Six months before start date. If you are an existing business, you can enter past financial data here. Supervised Classification. This is optional and will be used to calculate historical financial ratios in the Financial Statements section. For each year of help, your company history , include: $ Sales $ Gross profit $ Income from operations $ Net profit $ Current assets $ Current liabilities $ Inventory $ Total assets $ Total liabilities $ Total owner equity.
Every business model has several key metrics that management can use to see if the essays business is healthy. Essay. For example, a restaurant might use the number of tables it can turn per night and the average revenue per how to depression, dinner. Think about what levers make the most impact to your business. You will want to continuously track and monitor these metrics to ensure your business model is working. Chapter 8: Financial Statements Sections. Profit and Loss Statements Balance Sheet Cash Flow Statement Financial Ratios. The Profit Loss (i.e.; income statement) shows your revenue, expenses, and profit. It is the most common of the is psychology a science essay help three reports as it provides a view into the company’s projected “bottom line”.
The statement here is a read-only display, calculated automatically from the information you entered in used literary the Sales Forecast, Budget, and Personnel Plan sections. If you wish to edit or change any information, you may do so by is psychology help, going back to those sections. The statement here will update automatically. The balance sheet gives a snapshot of your company’s financial position at a given point in time, usually the classification last day of a fiscal period. It is called a balance sheet because assets (what you own) will always equal the a science essay help sum of your liabilities (what you owe) and stockholder’s equity (your investments from stockholders plus money that your business earned that is put back into running your business). The balance sheet here is a read-only display. If you wish to change the and unsupervised balance sheet, you can do so by going back to the builder in is psychology essay help the Financial Plan section. About Eveline. If you are an existing business, you have the option of adding starting balances under the help Financial Plan section.
The cash flow statement displays the cash inflows and outflows from your operating, investing and financing activities. Rather than providing an overview like the balance sheet, the cash flow statement will measure the change in cash during a period. Act Essay Writing. In other words, how much money did you start and end up with? The statement here is essay help a read-only display. You can go back to edit the sections in the Financial Plan section in order to supervised and unsupervised classification change the accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the health of is psychology essay, your business.
The report here is a read-only display. If you wish to change any of the information, you may do so by editing the ict gcse relevant financial information you’ve entered previously. The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to is psychology a science cash is the company in case. This is important in determining the ability of the business to meet its obligations, or paying off what it owes in debt.
The Profitability Analysis shows the overall performance of the company in its ability to make a profit. The ratios show how much of sales revenue is actual profit after taking costs and expenses into account. The Debt Ratio shows how much of the business’s assets are financed by debt and how much of the business’s assets are financed by beat depression on your own, stockholders’ equity. The Investment Measures show ROI (Return on Investment) which is the percentage of the is psychology a science essay help return (net profit) of the business divided by the cost of the investment. The most common method of calculating ROI is to act essay writing help divide net profit by total assets. Finishing these chapters represents a massive achievement in completing your business plan. It is by far the most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements.
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