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MAKING NEWS
Wed, 28 July 2010
Breaking down your business plan
There are two types of business plans for small businesses. The first can cost a lot of money and in the end produces very little in the way of results. The second is a lot simpler and is based around the cash flow of the business.
The first step in this planning process is to reduce the business to its smallest component parts. That does not mean taking last year’s results and increasing all of the income and expenses by a fixed percentage to reflect the effect of inflation. It does mean breaking down revenue into the different major income sources then breaking these down further to each product or service.
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Business Valuations
Considered a part of the annual strategic planning process, business valuation is the process of determining the estimated market value of a business enterprise. It is a valuable tool for business owners, stockowners and investors...more |
Business Valuations
Considered a part of the annual strategic planning process, business valuation is the process of determining the estimated market value of a business enterprise. It is a valuable tool for business owners, stockowners and investors...more |
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