Keeping Water in Water Tanks
Primary Research: Specific research conducted for an individual product or service. Psychographics: The values, attitudes, etc. of consumer populations. Proprietorship (sole): A business owned by an individual who is liable for all of the company debts. These include measurements such as the type of lifestyle, self-image, opinions, interests, habits, buying behaviors. Pro forma (as in Financial Statements): A projection or an estimate of the company’s financial situation if certain assumptions are met. Research you conduct yourself. A statement based on assumption.
List the objectives of your company. For instance, do you want to become one of the top ten companies in your industry within the next four years? Determining the size of your market is much easier today than it was 10-15 years ago. XX by year five. Do you want a positive return on investment by the end of the second year? Should you have virtually any concerns relating to wherever in addition to how to work with Where can one find information on condo insurance? – my review here – , it is possible to contact us with the page. Keep them specific and measurable. Do you want to have a staff of ten within the next two years?
For startups, this is a section where you really need to have done your homework. If you’re an existing business and already have a foothold on a part of the market then this is the section where you can boast! Explain the particulars of your business that have gotten you where you are, such as your marketing plan, exceptional customer service, or your introduction of new, innovative products. Now for the flip side, as hard as it may be, describe the weaknesses your company may have in the market. This may be as fixable as not having enough sales staff, or not having a company web site.
In simple terms, your Cash Flow equals your cash receipts minus your cash disbursements. A summary of your current cash position – begin with your opening balance, add your cash receipts, subtract your cash distributions, and you’re left with your new balance. As a startup, when you complete your Cash Flow Projection, may want to include two columns for each month – one for your projections, and one for your actuals. You may also need to add notes to your Cash Flow Statements identifying certain cash terms, other sources of income, and explaining changes in your monthly distributions. What’s left over is your Net Cash Flow, and when you add that to your beginning balance (before any receipts) you get your Cumulative Cash Flow. Cash Distributions – include all of your fixed and controllable expenses.
