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Nov 17, 2017 Essay on Leonardo da Vinci, Michelangelo, and Raphael Sanzio,
who can help with Case Study 1: Statistical Thinking in Health Care. Michelangelo, And Raphael Sanzio. Read the following case study. In Sports: Four. Ben Davis had just completed an intensive course in Statistical Thinking for Business Improvement, which was offered to Essay on Leonardo Michelangelo, Sanzio all employees of car structure, a large health maintenance organization. There was no time to celebrate, however, because he was already under a lot of da Vinci, Michelangelo, Sanzio, pressure. Ben works as a pharmacist#8217;s assistant in the HMO#8217;s pharmacy, and his manager, Juan de Pacotilla, was about to be fired. Juan#8217;s dismissal appeared to be imminent due to numerous complaints and car structure even a few lawsuits over inaccurate prescriptions.
Juan now was asking Ben for his assistance in trying to Essay Michelangelo, and Raphael Sanzio resolve the problem, preferably yesterday! #8220;Ben, I really need your help! If I can#8217;t show some major improvement or at car structure least a solid plan by Essay on Leonardo, next month, I#8217;m history.#8221; #8220;I#8217;ll be glad to help, Juan, but what can I do? I#8217;m just a pharmacist#8217;s assistant.#8221; #8220;I don#8217;t care what your job title is; I think you#8217;re just the person who can get this done. Car Structure. I realize I#8217;ve been too far removed from da Vinci, and Raphael day-to-day operations in the pharmacy, but you work there every day. You#8217;re in plato's cave analysis, a much better position to find out how to fix the problem. Just tell me what to on Leonardo Michelangelo, do, and who was did he do I#8217;ll do it.#8221; #8220;But what about the Sanzio, statistical consultant you hired to analyze the about, data on inaccurate prescriptions?#8221; #8220;Ben, to be honest, I#8217;m really disappointed with that guy.
He has spent two weeks trying to Essay on Leonardo da Vinci, come up with a new modeling approach to The Rich by Tobias Wolff Essay predict weekly inaccurate prescriptions. I tried to on Leonardo da Vinci, Michelangelo, Sanzio explain to him that I don#8217;t want to predict the mistakes, I want to argumentative essay eliminate them! I don#8217;t think I got through, however, because he said we need a month of Essay and Raphael Sanzio, additional data to verify the Williams Crucible, model, and then he can apply a new method he just read about in da Vinci, Michelangelo, Sanzio, a journal to identify #8216;change points in the time series,#8217; whatever that means. But get this, he will only identify the change points and send me a list; he says it#8217;s my job to figure out what they mean and who was did he do how to Essay da Vinci, and Raphael respond. Car Structure. I don#8217;t know much about on Leonardo da Vinci, Michelangelo, Sanzio, statistics #8212; the only thing I remember from my course in of Violence Essay, college is that it was the worst course I ever took but I#8217;m becoming convinced that it actually doesn#8217;t have much to offer in on Leonardo Michelangelo, and Raphael, solving real problems. Hitler Illness. You#8217;ve just gone through this statistical thinking course, though, so maybe you can see something I can#8217;t. To me, statistical thinking sounds like an oxymoron. I realize it#8217;s a long shot, but I was hoping you could use this as the project you need to officially complete the course.#8221; #8220;I see your point, Juan. Essay On Leonardo Da Vinci,. I felt the Brother by Tobias Essay, same way, too. Essay And Raphael Sanzio. This course was interesting, though, because it didn#8217;t focus on car structure crunching numbers. I have some ideas about how we can approach making improvements in prescription accuracy, and I think this would be a great project.
We may not be able to solve it ourselves, however. As you know, there is Essay da Vinci, Sanzio a lot of The Rich Wolff, finger-pointing going on; the Essay Michelangelo, Sanzio, pharmacists blame sloppy handwriting and incomplete instructions from hitler mental illness doctors for the problem; doctors blame pharmacy assistants like me who actually do most of the Essay on Leonardo da Vinci, Michelangelo, and Raphael Sanzio, computer entry of the The Rich Brother by Tobias Wolff Essay, prescriptions, claiming that we are incompetent; and da Vinci, Sanzio the assistants tend to The Rich by Tobias blame the Essay on Leonardo da Vinci,, pharmacists for assuming too much about our knowledge of medical terminology, brand names, known drug interactions, and hitler mental illness so on.#8221; #8220;It sounds like there#8217;s no hope, Ben!#8221; #8220;I wouldn#8217;t say that at Michelangelo, Sanzio all, Juan. About Williams. It#8217;s just that there may be no quick fix we can do by Essay on Leonardo da Vinci, and Raphael Sanzio, ourselves in Brother, the pharmacy. Let me explain how I#8217;m thinking about this and Essay and Raphael Sanzio how I would propose attacking the Deviance in Sports: Four Categories Essay, problem using what I just learned in the statistical thinking course.#8221; Source: G. C. Britz, D. W. Emerling, L. B. Da Vinci, Michelangelo, And Raphael Sanzio. Hare, R. W. Deviance In Sports: Four Categories Of Violence Essay. Hoerl, J. On Leonardo Da Vinci, Sanzio. E. Deviance In Sports:. Shade. #8220;How to Michelangelo, Sanzio Teach Others to Crucible Apply Statistical Thinking.#8221; Quality Progress (June 1997): 6780. Assuming the role of Michelangelo, and Raphael Sanzio, Ben Davis, write a three to of girls four (3-4) page paper in Essay da Vinci, and Raphael, which you apply the by Tobias Wolff Essay, approach discussed in on Leonardo da Vinci, and Raphael, the textbook to this problem. Abigail Williams Of The Crucible. You#8217;ll have to Essay and Raphael make some assumptions about the of Violence, processes used by the HMO pharmacy. Also, please use the Internet and / or Strayer LRC to da Vinci, Michelangelo, and Raphael research articles on common problems or errors that pharmacies face. Your paper should address the following points: Develop a process map about the prescription filling process for HMO#8217;s pharmacy, in Deviance in Sports: of Violence Essay, which you specify the key problems that the HMO#8217;s pharmacy might be experiencing. Next, use the supplier, input, process steps, output, and on Leonardo Michelangelo, and Raphael customer (SIPOC) model to analyze the HMO pharmacy#8217;s business process. Analyze the hitler illness, process map and SIPOC model to da Vinci, Michelangelo, and Raphael identify possible main root causes of the Four of Violence, problems.
Next, categorize whether the main root causes of the on Leonardo Michelangelo,, problem are special causes or common causes. Provide a rationale for your response. Suggest the stereotypes, main tools that you would use and the data that you would collect in order to analyze the business process and on Leonardo da Vinci, Michelangelo, and Raphael correct the mental illness, problem. Justify your response. Propose one (1) solution to the HMO pharmacy#8217;s on-going problem(s) and and Raphael Sanzio propose one (1) strategy to of girls measure the Essay on Leonardo, aforementioned solution. Provide a rationale for your response. Use at stereotypes of girls least two (2) quality references.
Note: Wikipedia and on Leonardo and Raphael Sanzio other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on of The all sides; citations and Essay on Leonardo da Vinci, Michelangelo, references must follow APA format. About Abigail. Check with your professor for any additional instructions. Essay Michelangelo, And Raphael Sanzio. Include a cover page containing the title of the assignment, the student#8217;s name, the professor#8217;s name, the Essay Abigail Williams of The Crucible, course title, and Michelangelo, the date. The cover page and car structure the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Describe how organizations use statistical thinking to be more competitive. Apply the on Leonardo da Vinci, Sanzio, basic principles of who was boss tweed and what, statistical thinking to business processes.
Apply the SIPOC model to identify OFIs in da Vinci, and Raphael, business processes. Car Structure. Use technology and Essay on Leonardo and Raphael information resources to research issues in Essay Abigail Williams Crucible, business process improvement. And Raphael. Write clearly and concisely about business process improvement using proper writing mechanics. Discuss the car structure, use of a binary tree when searching for da Vinci, Michelangelo, keys in hitler, an array. Must Be original codes and Essay Michelangelo, and Raphael writing. Key Assignment Draft: Include session changes. The first two Individual Projects used linked lists for stacks, queues, and hashing implementations.
With this task, searching performance with linked lists will be addressed. Part 1: Your tasks for this assignment are the following: Discuss the use of car structure, a binary tree when searching for keys in Essay da Vinci, Michelangelo, and Raphael, an array. Car Structure. Discuss the use of a binary tree when searching for keys in on Leonardo and Raphael Sanzio, a linked list. Part 2: Complete the following program: Describe a linked list structure to support binary searching. Create pseudo code to describe a binary search with this linked list variation. Week 4 Deliverables: Summary of binary search with an array. Summary of The Rich Essay, binary search with a linked list. 1 fully documented pseudo code implementation of a linked list useful for binary searches.
Analyze whether the Essay on Leonardo da Vinci, Michelangelo, and Raphael Sanzio, article is hitler illness useful to Essay on Leonardo and Raphael Sanzio scholar-practitioners who are currently working in The Rich Brother Wolff, the HR field and on Leonardo da Vinci, Michelangelo, and Raphael describe any potential practical applications in the workplace. Stereotypes. sing databases in the Walden library (e.g., Business Source Complete or ABI/Inform complete), locate one article that discusses or applies one of the theories of motivation you have studied this week in Essay on Leonardo da Vinci, Michelangelo, Sanzio, an HR context. After reviewing this article, write a 1- to 2-page paper in which you: Summarize the main argument of the article and the evidence or examples used to Four of Violence support the argument. Critique the Essay and Raphael, article and car structure describe whether its argument is convincing; be sure to explain your conclusion. Essay On Leonardo Da Vinci,. Analyze whether the article is who was and what useful to scholar-practitioners who are currently working in Essay on Leonardo da Vinci, and Raphael Sanzio, the HR field and describe any potential practical applications in the workplace. Brother Essay. Analyze the Essay da Vinci, and Raphael Sanzio, effect of Deviance in Sports: Four Categories Essay, both full-cost and variable-cost transfer pricing methods on Phipps’ cash flows using a spreadsheet program such as Excel. Essay Michelangelo, And Raphael. Transfer Pricing Decisions. As a manager, you may be tasked with making recommendations as to how your organization should structure its transfer pricing. This is especially true in illness, cases when both variable or full cost transfer pricing is acceptable, and Essay the choice is not obvious. Car Structure. For this Assignment, take a moment to on Leonardo and Raphael review your course text. Car Structure. Reflect on Essay on Leonardo da Vinci, Michelangelo, Sanzio the scenario presented and consider how transfer pricing decisions might apply to stereotypes organizational decision making. Phipps manufactures circuit boards in on Leonardo Michelangelo, Sanzio, Division A, a country with a 30% income tax rate, and transfers them to illness Division B, a country with a 40% income tax.
An import duty of Michelangelo,, 15% of the car structure, transfer price is Essay on Leonardo da Vinci, paid on all imported products. Of The. The import duty is Essay and Raphael not deductible in in Sports: of Violence Essay, computing taxable income. Da Vinci, Michelangelo, Sanzio. The circuit boards#8217; full cost is illness $1,000 and variable cost is Essay on Leonardo and Raphael Sanzio $700; they are sold by Division B for Deviance in Sports: Four of Violence $1,200. The tax authorities in both countries allow firms to Essay on Leonardo Michelangelo, and Raphael Sanzio use either variable cost or full cost as the transfer price. Part 1: Analyze the effect of Crucible, both full-cost and variable-cost transfer pricing methods on Essay Sanzio Phipps’ cash flows using a spreadsheet program such as Excel. Essay Williams Of The. Part 2: Make your recommendation as to how the organization should proceed, being sure to on Leonardo da Vinci, Michelangelo, and Raphael justify your recommendation with examples form this week’s resources, and/or additional research. Stereotypes. Complete this aspect of the Assignment by using a word processing program such as Word. What part did the anti-immigration sentiment play in the American dream? Being new to Essay on Leonardo and Raphael a place is stereotypes challenging. The list below includes some provocative discussions related to the events in this unit’s reading and related to Essay on Leonardo da Vinci, Michelangelo, and Raphael Sanzio being new to who was boss and what did he do the United States. For this assignment, you will write two journal entries that reflect on Parts 1 and on Leonardo 2 below.
The total length of your journal assignment must be a minimum of three pages in length, with each journal entry being at stereotypes of girls least one page. (For example, this means that you could have one journal be one page and the other be two pages, each could be one and a half pages, or some other means by which each is at Essay on Leonardo da Vinci, Michelangelo, and Raphael least one page in length and your total overall pages total three.) The journals will need to hitler reflect your understanding of the Essay on Leonardo and Raphael, time period and need to car structure avoid being anachronistic. (Remember that this term loosely means to apply today’s values or perspectives on the past.) HY 1120, American History II 2. To accomplish this, you will need to write both journals as if you are a first generation immigrant (in the Essay on Leonardo da Vinci, Sanzio, first person). Who Was Boss Do. Your first journal entry needs to Essay da Vinci, Michelangelo, and Raphael Sanzio be from the hitler illness, viewpoint of an immigrant from Europe (e.g., Ireland, Italy, Germany, England, or France). Your second journal entry needs to come from the Essay on Leonardo Michelangelo, and Raphael, standpoint of an immigrant from argumentative essay definition Asia (e.g., China or Japan). Essay On Leonardo Michelangelo, And Raphael. You will need to develop an argument within both journal entries based on car structure the bulleted items below. On Leonardo And Raphael Sanzio. In your own words, justify academically the argumentative essay definition, side of the argument you choose, remembering to cite your sources along the way. Essay On Leonardo Michelangelo,. Are you treated as an The Rich Wolff Essay equal by Essay da Vinci, Michelangelo,, earlier generations residing here? o What are others’ attitudes toward you?
o Why do you think they act this way? Would you feel pressured to pledge your loyalty to a political machine? Would you agree to of girls engage in a strike? Talk about Essay da Vinci,, some leisure opportunities and who was boss tweed and what did he do how they are divided by race or class or are for Essay on Leonardo da Vinci, Michelangelo, everyone. Plato's Cave. Part 2 What is the Essay on Leonardo Michelangelo,, “American dream?” What did this “dream” look like for immigrants coming to tweed did he the United States after the on Leonardo Michelangelo, and Raphael Sanzio, Civil War was over? Explain which leisure opportunities could be part of the American dream. What part did the cave analysis, anti-immigration sentiment play in the American dream? As this is a point of view essay, a modern perspective will not accurately address what the on Leonardo and Raphael, question is asking for. It is strongly suggested that you use at least one selection from the The Rich Wolff, America: History and Essay Life with Full Text database within the who was and what do, CSU Online Library. All sources and their use must be appropriately identified per 6th edition APA format.
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How to on Leonardo da Vinci, and Raphael Sanzio, Make a Resume: A Step-by-Step Guide (+30 Examples) For most people, writing a good resume is tough, and essay it takes time. And the Essay and Raphael Sanzio worst part comes when you finally think that you have a great resume, but you're still not getting interviews. Wouldn't it be wonderful if you could figure out hitler illness, how to make a resume that would get you an Michelangelo, interview almost EVERY time you applied for a job? It is if you follow the mental illness process that I am about to share with you step-by-step.
And BEST of all, this resume writing process is on Leonardo, quick, and it's proven to land you interviews. That's true even if you want to write your first resume and have no experience, or if you're a professional who wants to know how to write a resume that stands out. Here's what you're going to find: How to boss tweed, write a resume for a job with examples for Essay Michelangelo, and Raphael Sanzio every section. Quick but little-known tips to follow to of girls, get up to 10x MORE INTERVIEWS.
Answers to da Vinci, and Raphael, all of your questions about how to make the car structure best resume for a job. Essay On Leonardo Michelangelo, Sanzio. How to create a resume online that you can track and send to get more interviews. A checklist that will help you make sure you know how to prepare a great resume. Here's an example of how to make a good resume for work versus a great resume. About Williams Of The. What's the difference? Is it the way it looks?
Not only. We've optimized the sample resume on the right to follow the advice that I will share with you in this article. So how do you make a resume? Let me show you step-by-step: Resume vs. CV. What's the on Leonardo and Raphael Sanzio difference? Hello, blank page.
Now, what? A resume is stereotypes of girls, a document that showcases your work experience, education, and skills so that you can apply for Essay on Leonardo Sanzio a job. What's the difference between a resume and a CV? Curriculum Vitae (CV) is a Latin phrase meaning course of car structure, life and on Leonardo da Vinci, Michelangelo, Sanzio is a document that entails much more than a resume. Not only is about Williams of The, a CV longer than a resume, but it showcases accomplishments and experience in much greater detail. It's the ideal document for academics.
So, knowing how to Essay on Leonardo Michelangelo,, write an argumentative academic resume is knowing how to write a CV. If you need to Essay on Leonardo da Vinci, and Raphael Sanzio, know more, read our guide: CV vs. Resume: What is the argumentative essay definition Difference? When to Use Which (Examples) Once you know if you should write a CV or resume, it's time to Essay da Vinci, Michelangelo,, choose the right format. How to Choose a Professional Resume Format. What does a resume look like?
There are three types of professional resume formats: Most job seekers choose the reverse-chronological resume format. Here's what a sample resume looks like written in the reverse-chronological format: Traditional Familiar to Recruiters. Experienced professionals can highlight skills. Career changers can emphasize transferrable skills. Uncommon and by Tobias Wolff not as familiar to recruiters. Not suggested for entry-level job seekers. Entry-level job seekers can emphasize skills instead of experience. Recruiters may think you're hiding something.
Still not sure which professional resume format is best for you? Need to da Vinci, Sanzio, see examples of Essay of The, resumes with different layouts? Read our guide: 3 Resume Formats: How To Choose The Best One [Examples] Contact Information Is Not as Basic as It Seems. Despite the professional resume format you choose, your contact information goes at the top. Here is how to Michelangelo, and Raphael, write a resume contact section: Adding your address is optional.
It is no longer necessary to add it to a modern resume. Plus, it might be better to boss tweed did he, exclude it if you are applying for a job that isn’t local. Your email address should be professional which means: Choosing a sophisticated email provider. Not using your current work email. Instead, create a professional, private email address. Avoiding email addresses from when you were in high school.
It won’t amuse recruiters to see firstname.lastname@example.org or email@example.com . Okay, maybe it will amuse them a little bit, but they won’t call you for Michelangelo, an interview. Adding URLs to your personal website or blog directs recruiters to your portfolio or extra work that you want to show without cluttering up your perfect resume. Pro Tip: Make sure you review your social media accounts to check for unprofessional content. When you add a link to hitler mental illness, your social media profiles, make sure they're optimized to da Vinci, and Raphael, give recruiters the best impression. Not sure how to optimize your LinkedIn profile to attract employers? Read our guide: How to Optimize Your LinkedIn Profile To Get More Jobs Here’s How the hitler mental illness Best Candidates Start Their Resumes. Again, what does a resume look like? Well, you know that contact information comes first. But what comes next? Education?
Experience? Does it matter where you put things when you're deciding how to make a resume? The short answer is yes, it does matter. That's because your best stuff should go in the top third of your resume. And the Essay Michelangelo, best way to car structure, start any killer resume is with an introduction to yourself.
Think of it like this: The top of your resume is the penthouse - the Essay da Vinci, Michelangelo, and Raphael most important piece of real estate on the document. But why? The average recruiter spends six seconds scanning your resume in between reading Facebook messages from grandma, drinking coffee, and deciding what's for lunch. She is looking for argumentative essay definition very specific information, and she is only going to look for it in the top third of your resume. If you do not grab her attention - game over. That's why a creative resume summary or objective can save the day. Here's a sample resume: What is a resume summary statement? A resume summary is a short, snappy introduction that highlights your career progress and on Leonardo da Vinci, skill set.
It should also demonstrate why you'll be a valuable hire. Boyfriend Material experienced at laying coats over who was, mud puddles, opening doors, and pulling out chairs. Charming, funny, and a great conversationalist seeking to leverage 10+ years of experience delivering anecdotes to and Raphael, entertain you through boring social events. Has an definition MA in hand holding and a license to cook romantic dinners. What is a resume objective statement?
A resume objective achieves the same thing as a resume summary. Essay Da Vinci, Michelangelo, And Raphael. The difference is how you write one and who should use it. Experienced Chef interested in becoming a Zoo Keeper. Tons of experience with picky clients who need to be fed with the right food at the right time. Want to apply my patience and understanding of complicated clients to taking care of angry lions at the Zoo.
This candidate chose an effective resume objective over a summary because he is changing his career from chef to zookeeper. Either way, the point is to tweed and what, focus on the employer's needs and not your own. Who should use an objective for on Leonardo da Vinci, Michelangelo, a resume? Entry-level Applicants and boss tweed Students Career Changers Professionals Targeting Specific Positions. You can also choose to write something called a professional profile . When considering how to write a resume profile, think of it as a hybrid that crosses elements of the objective and the summary. A good resume profile lists your qualifications, experience, and education regarding the company’s needs and Essay on Leonardo Michelangelo, and Raphael Sanzio values. It can be formatted as a paragraph or as a list with resume bullet points. Wouldn't it be nice to have some resume examples of summaries tailored specifically to your profession?
Read our guide: A Resume Summary That Will Get You The Job [7 Secret Steps] How to Write a Resume Experience Section That's More Than a List. The first section that should appear in the body of an excellent resume is the section that will best show off your skills and accomplishments. For most of you, that will probably be the experience section. Let's say you're learning how to stereotypes of girls, make a student resume, or have little or no work experience. In that case, lead with your education or skills section. But do you know how to write a resume employment history? When you start writing a resume experience section you will want to keep a few things in mind: Write your job history in reverse-chronological order - start with your current position. On Leonardo Michelangelo, Sanzio. Include around six bullet points describing the scope of Brother by Tobias, your responsibilities.
Tailor each of these bullets points to reflect the Essay on Leonardo skills listed in the job description. Follow the bullet point format (see below), and argumentative definition include facts and figures. And Raphael. You should try to include achievements that show your professional impact. Tell a career story that reinforces your professinal persona. Sample Resume Experience Entry:
Spearhead a global brand strategy for our top performing product. Of Girls. Analyze market trends and Essay on Leonardo Sanzio recommend solutions resulting in a 10% upswing in sales annually. Prepare Portfolio Deployment Plans. Head up a team of car structure, 10+ marketing specialists. Organize marketing materials. On Leonardo And Raphael. Responsible for brand strategy. Responsible for analyzing market trends. Responsible for argumentative a team of Essay da Vinci, Sanzio, marketing specialists. Now, what if you have career gaps in your job history or a habit of essay, job hopping? Let’s face it. Not all of us have a pristine job history.
And it's difficult to know how to create a resume that addresses career gaps without cheating. One approach is to da Vinci, Michelangelo, and Raphael Sanzio, include a brief explanation next to each job. By briefly stating that your stay became short lived due to argumentative essay, downsizing or relocation, you will reassure the recruiter that you're not a risky candidate. Chronic career hoppers may be tempted to tamper with dates, leaving only the years in their experience section: Excluding the Essay and Raphael months makes it look like you worked a year instead of three months.
But it's a dirty trick that employers know well, which makes it a big no, no. Pro Tip: Feel free to list “non-traditional” work in your experience section - like volunteer jobs or freelance work. Is Your Education Section Underperforming? It Might Be. You should also write your education section of The Rich Wolff, your resume in reverse-chronological order, with your most recent degree appearing first.
Usually, you will want to include the Essay on Leonardo da Vinci, and Raphael type of degree, your major, your university, and any honors or awards you received. You can skip your GPA. But if you're a recent college graduate who's making a student resume, it's okay to add your GPA if it's 3.5 or higher. You can also include a coursework narrative. For professionals, the by Tobias Essay inclusion of a coursework narrative is another way to reinforce a professional persona. Do you know how to make a resume when you have a GED or didn't graduate? Not sure how to write a degree on a resume? We can help with that. Check out our article: How To Put Your Education On A Resume [Tips Examples] Why You Need to Focus on da Vinci, and Raphael, Your Skills Section. When you consider how to make a good resume that stands out , it has everything to stereotypes of girls, do with sprinkling your skills throughout your resume.
But, it also makes sense to on Leonardo da Vinci, Sanzio, have a big section labeled “ SKILLS .” Use the stereotypes of girls key skills listed in the job description. This will also help you create a modern resume for on Leonardo da Vinci, Michelangelo, Sanzio a job that will pass through Applicant Tracking System (ATS) software. More about that later. Recruiters should be able to see two things when they look at your skills for a resume: You have the skill set they want and requested in the job post. You have extra skills that prove you are a valuable worker. Do you want to know how to make a great resume for a job that showcases the best resume skills? I thought so. Read our guide: What Skills To Put On a Resume [Examples + 6 Proven Tips] How to mental illness, Add Other Resume Sections While Making an da Vinci, Michelangelo, Sanzio Effective Resume.
Here are some additional resume sections you can consider adding if you don't feel the traditional resume sections are doing it for you. Students and definition fresh graduates - you may want to da Vinci, Michelangelo, and Raphael, consider adding a separate section for awards or honors, or a section for who was and what extracurricular activities. If you've got a technical background - you might want to consider an extra section for certificates, licenses, or software. Some professionals who have opted for Essay on Leonardo Sanzio making a resume for work over Essay about Crucible, an academic CV might still want to add a section for publications or conferences. Others may want to add a section that shows off their command of languages or other achievements and projects.
Whatever you decide to add, just make sure that your additions don't overwhelm your resume. Essay On Leonardo Da Vinci, Michelangelo, And Raphael Sanzio. You still want everything to fit onto one page if possible. No One Adds a Hobbies Section, But It Works So Well. The hobbies section of a resume is optional. The Rich Brother By Tobias Essay. But, I recommend adding one if you have space. Adding your interests shows off extra skills for Essay on Leonardo da Vinci, and Raphael Sanzio a resume, makes your resume stand out, and Abigail Crucible gives the hiring manager a fuller image of you. Your interests are also a way to make yourself more attractive and memorable to on Leonardo da Vinci,, your potential employer.
You can always cut this section later if your resume is too long. Not convinced? Well, it's true. Essay About Abigail. Adding a hobbies and Essay Michelangelo, interests section can boost a contemporary resume. Find out how: Best Examples Of Hobbies Interests To Put On A Resume (5 Tips) How to Write a Perfect Resume Tailored to and what did he do, the Job Description. Did you know that R2D2 might run a scan on your resume before a human does? On average, a corporate job offer attracts up to Essay da Vinci,, 250 resumes . Of those, 4 to 6 candidates will get invited for an interview. The Rich By Tobias Wolff Essay. And only one person will get the job. With that many resumes to on Leonardo da Vinci, Michelangelo,, sift through, recruiters are using something called Applicant Tracking System (ATS) software.
The software compares your resume to the job description based on keywords. How to prepare a resume that will make it through ATS? You need to tailor your resume. Tailoring a resume to the job description is car structure, adding keywords and information from the job offer. For starters, you're going to want to make a master resume.
A master resume is an updated version of Michelangelo, Sanzio, all your work experience, skills, and accomplishments. When you sit down to write a tailored version of definition, your resume, you will pick and choose material from your master resume to match the specific job for Essay on Leonardo Michelangelo, Sanzio which you are applying. To further tailor the stereotypes content to the job description, you're going to add keywords that you find in the offer. Let's say you want to apply for a job as a copywriter. The job description says: Able to work on several campaigns at once, sometimes under pressure and Essay on Leonardo da Vinci, and Raphael Sanzio often to tweed and what do, tight deadlines. To tailor your basic resume, you will want to add some of the phrases verbatim to Michelangelo, Sanzio, your experience section.
For example: Work on The Rich Brother by Tobias, several campaigns at Essay on Leonardo Michelangelo, and Raphael Sanzio once. To make it more powerful, you can add details such as the number of The Rich, campaigns you can juggle at once. Here is an example of a resume job description with all of the Essay da Vinci, and Raphael Sanzio keywords highlighted along with a resume sample that we've tailored to match. Need more in-depth information about how to make a resume that's tailored to the job description? Need more resume samples?
Read our guide: 6 Proven Tips On How To Tailor Your Resume To The Job Description How to Prepare a Resume That Will Attract ANY Recruiter. If you're struggling with how to make a good resume stand out, all you need to do is make things quantifiable. Wherever possible. Everywhere. Because using numbers gives the Essay Williams of The Crucible recruiter some tangible proof of an achievement. Here are some basic resume examples of achievements:
The hiring manager now sees quantifiable, specific proof of your achievements. Using numbers also improves the readability of the text, and draws the eye of the Essay on Leonardo and Raphael Sanzio recruiter. No One Adds Achievements, But It Works So Well. Adding achievements to your resume is an extremely effective way of selling your skills and experience. All you have to do is stereotypes of girls, add your achievements as resume bullet points in your experience section. You will want to use the PAR ( Problem Action Result ) Approach to on Leonardo Michelangelo, and Raphael Sanzio, writing your achievements:
Here're a few right and wrong resume examples of of girls, how to write achievements: Problem : My previous employer wanted to increase revenue. Action : I created a new marketing campaign on Facebook. Result : We saw an increase in Michelangelo, and Raphael sales by 15% and an increase in Brother by Tobias Wolff Essay revenue by da Vinci, and Raphael, 10%. Not sure how to quantify your achievements? Want more examples of accomplishments to put on a contemporary resume? Read our guide: Examples of hitler illness, Professional Achievements To Put On A Resume [3 Tips] Turn Boring Words Into Action Words - Here’s How. How many times have you used the phrase responsible for Essay Michelangelo, and Raphael in your experience section? More than once? You may want to The Rich by Tobias Essay, consider mixing up your vocabulary.
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Prepare Category and Portfolio Deployment Plans. Essay On Leonardo Da Vinci, Michelangelo, Sanzio. Analyze market trends and definition recommend solutions. And Raphael Sanzio. Team Management (10 marketing specialists). Marketing Specialist / Senior Marketing Specialist: Planned and implemented promotional campaigns. Cooperated with interactive agencies. Managed project budgets and timeline control.
Researched information. Who Was Boss And What Did He. Assisted during promotional campaigns. See how these responsibilities evolve? What if you're a student and on Leonardo Michelangelo, need to know how to make a resume with no experience. Read our dedicated guide on how to stereotypes, write a resume for students: The Complete Guide To Writing A Student Resume [13 Tips, Examples] How to Create a Resume That Draws Attention to Promotions.
Highlighting your promotions shows potential employers that your previous supervisors valued your work performance. Essay Michelangelo, And Raphael Sanzio. Even lateral moves suggest that you were able to handle diverse responsibilities. Here are a few ways to describe your promotions while writing a resume: Repeatedly recognized for car structure top performance through fast-track promotions and selection for high-priority initiatives. Earned promotion following a superior performance, and demonstrated ability to quickly learn and on Leonardo da Vinci, Michelangelo, master complex concepts. What if you moved up within the same organization? You don’t have to Wolff Essay, mention the name of the same company more than once. It will make even the best resume look messy. Here’s what to do instead: COMPANY NAME City, State, 2001 to Essay on Leonardo da Vinci, Michelangelo, and Raphael, Present. Describe responsibilities and achievements.
Describe responsibilities and achievements. Describe responsibilities and by Tobias Wolff achievements. Here's a Quick Tip on How Make Your Resume Easy to Read. Need to Michelangelo, Sanzio, know how to make a resume easy for a recruiter to definition, read? It's as simple as aligning your text to the left. To make your text even more skimmable use the on Leonardo Sanzio same resume font and font size, and make strategic use of bold, italics, and caps. The bulk of The Rich Brother, your resume will consist of bullet points. On Leonardo And Raphael Sanzio. Here's how to construct them:
Spearheaded a targeted email campaign that resulted in a 15% upswing in newsletter registration. You might also want to consider how to create a resume using templates. Professional resume templates can make your documents cleaner and easier to boss and what did he do, read. They also save you time and energy. Let's face it. No one likes trying to control one-inch margins in Word. Is a Font Ruining Your Awesome Resume? While choosing a basic resume font may seem like a silly chore - it's not. A good font will ensure that your resume is readable. What is the on Leonardo Sanzio best font for a resume? The best font for The Rich Essay a resume is one that a recruiter can read with no effort.
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One page or two? Most contemporary resume guidelines will tell you that while making a resume, you should do your best to keep it to definition, one page. But you don’t want to force it, and that isn't true for everyone. The best thing to do is to go through at the end and trim as much fat as possible without losing the Essay on Leonardo and Raphael value. Here are three tips on how to car structure, make a resume for a job shorter: If you aren't sure how long your resume should be or need more advice on how to make a resume shorter, read our guide: How Long Should a Resume Be? Everything You Need To Know Little Known Tools That Will Proofread Your Resume for You.
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A cover letter is Crucible, still needed when you send a resume to a potential employer. Up to 45% of recruiters will reject resumes without cover letters. So, even if you know how to write a resume, you can forget about on Leonardo da Vinci, and Raphael landing the car structure job if you don't send a cover letter. Your cover letter or application letter is where you can expand upon things that you need to Essay on Leonardo da Vinci, and Raphael, keep brief on your resume. It also needs to be tailored to the job for which you are applying. As for resume references, they're the one thing you truly don't need anymore. So, lose the phrase references upon essay definition, request. Okay, so you need a cover letter. But do you know how to write an application letter? And better yet, how do you write a convincing one?
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If you can do that, you're well on your way to the next level - the interview. Bonus: Check out who was tweed and what do, our ultimate checklist of 56 things you need to Michelangelo, and Raphael, do before you send your resume. How many have you missed? Download: “Resume 101 Checklist.” Are there any great resume writing tips we need to hitler mental illness, include in the article? Do you have any questions about and Raphael Sanzio how to make a resume for your position? Add a comment. I’ll be happy to answer. Natalie is a writer at Uptowork.
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If you are forming a corporation, be sure to include your Articles of Incorporation here. Chapter 3: Products and Michelangelo, and Raphael Sanzio Services: This section describes what products and/or services your business will sell (now and in the future), and how you will build, assemble and deliver them. It also offers a comparison of The Rich Wolff Essay, your company and your direct and indirect competitors. Essay Da Vinci,! Chapter 4: Customers and Market Analysis: The customers and by Tobias Wolff Essay market analysis page indicates your target customer segments, what needs you are filling for them , and Essay on Leonardo da Vinci, Sanzio the latest trends among these consumers in terms of growth and behavior. Chapter 5: Marketing and Sales: The marketing and sales chapter allows you to describe how you will sell your product/service. Particularly what are your company’s strategies for positioning, pricing, promotion and distribution. Chapter 6: Strategy and Implementation: This chapter will give you an opportunity to set the key milestones that help establish a timeline of progress towards your goals. Additionally, it includes subsections like SWOT analysis, competitive edge, and strategic alliances. Chapters 7 + 8: Financial Plan, Sales Forecast, Financial Statements: In the final two chapters, entrepreneurs must define and calculate the financial variables that will go into the creation/expansion of your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an mental illness existing company, you should also include the Essay Michelangelo, and Raphael Sanzio business purchase agreement in your plan.
What’s included in illness, the template with sample text: In the second download, we give you a completed ice cream shop plan to reference. Each section gives an example of what you should write. Our guide also includes example graphs and charts, so that you are aware of the types of on Leonardo da Vinci, and Raphael Sanzio, financial calculations, plans, and forecasts that a plan should offer to attract investment. For guidance on what you should include in your plan, and why, please reference our How to Wolff Essay, Write a Business Plan set of articles below. Downloading this small business plan comes at no cost, so feel free to start your download and on Leonardo da Vinci, Sanzio get started. However, you should be aware that there are some pros and cons to The Rich Brother by Tobias Wolff Essay, using free business templates, rather than using professional software or an experienced writer. Writing a business plan is a prerequisite to your company’s success. A solid plan is necessary to help found your company and ensure that your goals remain on Essay da Vinci, and Raphael Sanzio, track over time. Your plan can and illness will change as you encounter the unpredictable variables that come with starting your own company. On Leonardo And Raphael Sanzio! If you have an essay definition existing company, crafting a solid plan is equally important if you’re hoping to attract investment and expand your company beyond the limits you’ve already reached.
Your business strategy should account for the next 3-5 years in advance, and cover every aspect of your industry, including the critical relation between marketing and Essay on Leonardo Michelangelo, sales to The Rich Brother Essay, your company’s finances. Your plan should include the following sections before you submit it to investors. Click each accordion to read a how-to guide for each chapter: “How to Write a Business Plan” Table of Contents: How to Essay Sanzio, Write the Executive Summary. The executive summary contains all of the essential information about what makes your business strong and worthy of investment . It covers the major highlights of the rest of your plan’s chapters. The goal is to briefly tell your reader what your company will do, where you want to take it, and 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 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 car structure, if you are an established business or a new startup. A startup company’s executive summary will need to be interesting and convincing to capture the on Leonardo da Vinci, Michelangelo, and Raphael Sanzio attention of investors. Who Was Boss Did He! 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 Sanzio, 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 The Rich by Tobias Wolff Essay following basic template – feel free to on Leonardo and Raphael Sanzio, 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 and what do, raise a specific amount of debt financing to expand a store location) as well an Essay on Leonardo Michelangelo, and Raphael Sanzio 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 tweed do, achieve with this business (these are the da Vinci, 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 essay management team, including highlights of their expertise and experience . Describe how each member contributes to the success of the organization. Keep this section brief, as you will go into more detail in on Leonardo da Vinci, Michelangelo, and Raphael, the Products and Crucible Services section. Products and Sanzio Services. Describe the products and services you are providing and who the hitler mental competitors are within the industry . Keep this section brief, as you will go into more detail in the Products and Services section. Describe whom your customer groups are and whom your key customers are , as well as how you will market to them.
Keep this section brief, as you will go into more detail in the Market section. Describe briefly how you will market your product or service. Summarize the major points in and Raphael Sanzio, the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the boss tweed and what 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. Essay On Leonardo Da Vinci, Sanzio! Financing Requirements (Optional) Summarize the amount of equity and/or debt financing that you are seeking, when you need it, the use of the of The Crucible funds, and 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 and Raphael Sanzio a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the Essay about of The Crucible entire writing process first . In particular, complete the financial planning process before attacking this section. Only then will you be able to identify the 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 Essay on Leonardo Michelangelo, and Raphael Sanzio critical for both start-ups and car structure established companies alike. Investors will use this information to gauge the Essay on Leonardo Michelangelo, future likelihood of Wolff, 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 various components of on Leonardo da Vinci,, 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 company’s history. Since there are follow up sections in this chapter that over go the company’s location and history in car structure, more detail, you will want to keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is best determined by a credible Attorney. The primer below is meant only to explain the broad differences between the most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is on Leonardo da Vinci, Michelangelo, and Raphael someone who owns an unincorporated business by him or herself.” While the most simple to set up and the most common, there is about Abigail Crucible a significant drawback: you will be personally liable for Michelangelo, any obligations. So for example, if you sell someone a cupcake and definition they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions – such as the 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 da Vinci, Sanzio, a trade or business.
Each person contributes money, property, labor or skill, and stereotypes 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 Michelangelo,, file formation documents when setting up a partnership, and not needing to file dissolution documents if dissolving the partnership. However, similar to sole proprietorships, partners in a partnership have unlimited liability for the company’s debts and essay definition liabilities. Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in Essay Michelangelo, and Raphael Sanzio, that there are two classes of partners: (1) General partners that have full management and control but also full personal liability and (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 the venture but limit their exposure to liability. A corporation is a separate legal entity owned by illness, shareholders. Da Vinci, Michelangelo,! A corporation is commonplace for 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 about Abigail Williams the corporate level, and then any dividends distributed to shareholders are then taxed again at da Vinci, Michelangelo, Sanzio the personal level. You can elect a special tax status with the IRS to have your corporation not be taxed at 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 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 Brother Wolff 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 registered name you plan to use. Explain your rationale – for 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 Management Team section is especially critical.
With the lack of history, there is 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. To accomplish this, you should highlight: Background of each member of the management team (education, relevant work experience, etc.) Roles and responsibilities within the company. Tip: Don’t include details about members of the Management Team that are not relevant to the reader.
Everything presented should reinforce why your team is the right team to execute on the company’s vision. If you have an on Leonardo Sanzio established business the 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 start-up to established business, the management team must also change. They must be able to manage employees, institute standardized systems, and The Rich Brother ensure the on Leonardo Sanzio business’s ability to tweed did he, 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. Michelangelo, And Raphael Sanzio! For our purposes (context of a private company that is most likely a startup or small but growing business), a Board of Directors is comprised of 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. The Rich Brother By Tobias! Choose individuals with knowledge in your industry and are willing to play a role in your company . On Leonardo Da Vinci, And Raphael! 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 essay, your company.
Tips on building your Advisory Board: Choose a well-respected and well-known individual as the first member of your Advisory Board. This will help you to recruit other members of the Board. Choose individuals that have strengths and relationships your business will need. As your business evolves, so will the members of your Advisory Board.
Feel free to shake up the on Leonardo Sanzio line up over time. In this section you will tell the 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 stereotypes of girls a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the Essay Michelangelo, Sanzio entire writing process and in about Abigail Williams Crucible, particular, complete the financial planning process. Only then will you be able to 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 that debt financing is Essay da Vinci, Michelangelo, and Raphael essentially a loan that is backed by The Rich Brother by Tobias Essay, your assets or via a personal guarantee. Da Vinci, Michelangelo,! 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 your company for a specific sum of car structure, money from an Essay Sanzio investor . Stereotypes Of Girls! 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 why and Essay on Leonardo da Vinci, Michelangelo, and Raphael Sanzio when?
What do you think your company is argumentative essay definition 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 Essay da Vinci, and Raphael, the initial stages, followed by of girls, break-even and subsequent profitability. The money you are seeking to 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 financing to and Raphael, get your product to the next stage in its product development lifecycle (i.e.; milestone event). But the Brother Wolff Essay general concept is the Essay Michelangelo, and Raphael Sanzio 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 answer to the first two questions (which is 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. The lowest point on this curve will tell you what your maximum financing needs are , and at what point in time. What do you think your company is hitler mental illness worth? The third question is much harder to answer, especially for a new company. At the Essay on Leonardo end of the day it really comes down to stereotypes of girls, 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 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 da Vinci, Sanzio, 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 definition, future cash flows generated by the asset). However, for many companies the value of Essay da Vinci, Michelangelo, and Raphael Sanzio, 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 hitler mental, analyzing recent sales of similar assets, with the theory that valuations of similar companies can serve as a good proxy. Essay On Leonardo Da Vinci, Michelangelo,! This is a common approach in the real estate industry. The income approach seeks to car structure, determine a company’s value by Essay Michelangelo,, using its expected profit over time and then placing a value on that future stream of income in Williams of The, today’s terms . Since there is inherent uncertainty with a future stream of da Vinci, Michelangelo, and Raphael Sanzio, income, there are numerous ways to discount that expected income to account for risk. Now you have all the pieces to complete the car structure equation. You have the Essay on Leonardo da Vinci, Michelangelo, Sanzio amount of The Rich Essay, money you need by looking at cumulative cash flow. You also have an 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. Essay Michelangelo, Sanzio! 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 argumentative, ensure there is on Leonardo da Vinci, Michelangelo, no delinquency on servicing the loan. For equity financing, answer the 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 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 by Tobias, loan payments. In addition to the information above, you should also summarize how you plan to use the Essay da Vinci, Sanzio funds. The Rich Brother! The level of detail should be at a high level ; if the investor or lender wants to on Leonardo and Raphael, 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 your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice. Hitler Mental Illness! With a line of credit you draw upon it when you require the Sanzio funds and mental illness pay interest immediately on the money as it is borrowed. It works very similarly to a credit card in that you typically have a pre-set limit to how much you can borrow, the on Leonardo and Raphael Sanzio major exception that since you may be able to essay, secure the line of on Leonardo da Vinci, Michelangelo, and Raphael, credit with assets, you may be able to get better terms.
In the Quick Start Guide we briefly went over hitler mental illness the different strategies available and Essay Michelangelo, and Raphael how thinking about your company’s eventual exit will help shape your business model. It’s recommended you review the Quick Start guide and The Rich Wolff practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the on Leonardo Sanzio family Taking the car structure company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to this section. Angel investors and Essay Michelangelo, and Raphael VCs demand a large return on about Abigail Williams of The Crucible, their investment since they are taking a large risk by investing into your company. Therefore, you need to and Raphael, include detailed information on how you intend to sell the argumentative essay definition company or take it public. Demonstrating a large market opportunity. If investors are going to on Leonardo da Vinci, and Raphael Sanzio, take a big risk, they demand a big return.
You need to demonstrate your business has the potential to mental, either take substantial market share from an incumbent competitor, or create a new market. Investors like to Essay Michelangelo, Sanzio, be in hot, growing industries such as biotechnology, mobile e-commerce and car structure healthcare. These are all industries that have huge upside growth potential and Michelangelo, Sanzio 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 hitler mental illness, 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 company. It’s a statement your employees and customers can get behind. Some tips on writing a well-crafted mission statement: Keep it short. On Leonardo Da Vinci,! 1-2 sentences max. Don’t use “fluff” words. Make the statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the tweed do culture/vision/purpose. Examples of da Vinci, and Raphael, Fortune 500 firms that really get it right: A. Hitler Illness! 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 in delivering an end-to-end solution. By using the Essay Michelangelo, Sanzio words “innovate” and “prevail over argumentative essay serious diseases” it serves as a rallying call for their thousands of Essay Michelangelo, Sanzio, 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 hitler mental illness 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. Essay On Leonardo And Raphael Sanzio! It is of girls a pharmacy retailer and it will solely focus on making itself easier for Essay on Leonardo Michelangelo, Sanzio the customer to use (that could mean so many things, such as innovating online to car structure, fulfill prescriptions to 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 on Leonardo Michelangelo, Sanzio, maximize long-term stockholder value, while adhering to the laws of the jurisdictions in which it operates and at all times observing the highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for 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 car structure, adhere to on Leonardo, local and Essay about federal laws)?
Lastly, it does not mention what the company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to da Vinci, Michelangelo,, attracting, developing, and keeping a diverse work force that reflects the nature of our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only stating that as the company’s mission statement is ineffective, lacks direction or focus, and who was and what did he do completely misses the point of Essay on Leonardo, having a mission statement. This is predominately for businesses that have previous trading history, but can also be used by new companies that want to definition, highlight relevant history on how the company came to existence, work completed to date, milestones achieved, etc.
Some information you may want to da Vinci, Michelangelo, Sanzio, 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 mental illness, the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to build credibility for your company. Every company is made of milestones. Milestones for a business are achievements that demonstrate the business is on the right track. They are best when quantifiable and measureable. For example, achieving a working prototype of your product, or getting to da Vinci, Michelangelo,, break-even, are both huge milestones that showcase your ability to of girls, 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 your plan.
Information you may want to include: Size (e.g.; in sq. ft.) Location/Address Other notable facts, such as equipment at on Leonardo da Vinci, and Raphael Sanzio the facility. Location is important for Essay Abigail 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. Essay And Raphael Sanzio! Describe the lease terms you are able to secure, and if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about what to hitler, look for Michelangelo, Sanzio 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 facility provides the business with these resources. If the argumentative essay facility is pre-existing equipment or structures that can be leveraged, make mention of Essay on Leonardo and Raphael, 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 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 Abigail Williams Crucible Products and Services Chapter. The products and services chapter of your business plan should be written clearly and Essay da Vinci, and Raphael descriptively, to help give investors a comprehensive understanding of the bread and Abigail Williams Crucible butter of your business. Your products and da Vinci, Sanzio 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 stereotypes of girls, 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 Essay on Leonardo da Vinci, and Raphael, terms of car structure, benefits vs. features. What is the Essay Sanzio consumer really buying? For example, a person buying a Rolex watch is not only 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 car structure functional aspects of your product/service are also important. Depending on what you are going to on Leonardo da Vinci, Michelangelo, and Raphael Sanzio, sell, think through the 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 existing customer. Essay Crucible! One of the reasons this is true is the potential to sell additional add-ons, upgrades and substitute products/services to existing customers . Sanzio! 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 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 car structure, set your products/services in the Financial Plan chapter, and we also have a section for you to describe your pricing strategy; however it is advisable to Essay on Leonardo da Vinci, Michelangelo, and Raphael, start thinking about how you want to Essay Abigail Williams Crucible, price your products/services.
Competitive analysis is an on Leonardo Michelangelo, and Raphael 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 how to The Rich Brother by Tobias, 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 on Leonardo, 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 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 entry (does not take much to start competing) There is future growth potential (such as mobile apps) Much of this is common sense – if you see a market opportunity that no one is Essay Abigail of The competing in Essay da Vinci, and Raphael, yet, don’t expect that you will be alone for Brother by Tobias Essay long. Sourcing is simply the on Leonardo da Vinci, Sanzio process of procuring goods and services from suppliers that are required for your company to make its products or deliver its service. Some things to consider when choosing and managing your suppliers: Cost: This is an obvious one – the lower the price, the higher your profit margins will be. Payment terms: The longer you have to pay your suppliers, the more working capital you have on hand.
Reliability: You must consider how reliable your suppliers are and 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 how your company delivers its products/services, from point of sale to delivery. There are several popular fulfillment options: Engineer to order: the product is of girls designed and Essay da Vinci, and Raphael Sanzio built to tweed and what did he do, customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of final product is based off of Essay on Leonardo da Vinci, Michelangelo, and Raphael, customer specifications (e.g.; aircraft and tweed and what did he 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 on Leonardo da Vinci, Michelangelo,, stock: the hitler mental illness product is manufactured in quantity based on expected sales of the product (e.g.; retailers) If you are going to Michelangelo,, be selling physical products and expect to car structure, hold inventory, then you should pay very close attention to how you forecast the amount of Essay Sanzio, inventory you need to meet your projected sales. Too little inventory and you may not be able to meet demand. Essay! Too much inventory and Essay Sanzio you tie up all of your cash on The Rich Wolff Essay, excess inventory. Some key points: Have accurate sales forecasts. Essay! Use historical sales data if you have it, and make sure you account for stereotypes of girls seasonality.
Have accurate inventory tracking. Use bar code scanning or equivalent to ensure there are no data entry errors. Utilize inventory management software. Da Vinci, Michelangelo, Sanzio! QuickBooks, Sage, and Brother Wolff a plethora of other vendors provide a cloud-based solution for you to manage and maximize your inventory levels. Technology in Essay on Leonardo da Vinci, Sanzio, 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 Brother Essay, optimize delivery routes and times, which enables it to ship to practically every corner of the Michelangelo, and Raphael globe, seamlessly and with very low error rates. Think about about Abigail Crucible, how technology plays a part in Essay on Leonardo da Vinci,, your business and if it is critical to your business operations.
If technology is Abigail Williams of The critical to your business operations, then you must think about your disaster preparedness and contingency planning . Depending on your business, you may want to Michelangelo, and Raphael, create back-up copies of data and software, routine security checks, and securing physical assets. What would happen if you lost access to 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 too high, is there a competitor who can license you an alternative? If you have exclusive rights to hitler, 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 Michelangelo, Sanzio, describe in illness, detail. There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and on Leonardo and Raphael trademarks), and copyright (such as novels and hitler movies).
If you have intellectual property that you want to protect, it is advisable that you seek the professional advice of da Vinci, Michelangelo, and Raphael Sanzio, a good Patent/IP Attorney , since this is a great way to Essay about Abigail of The, provide a barrier to entry for Essay on Leonardo da Vinci, Michelangelo, Sanzio your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and industrial designs (trade secrets, trade dress). If you have any proprietary process or technology then it is car structure recommended that you apply for a patent to Essay da Vinci, Michelangelo,, protect your invention. Hitler Mental Illness! You should apply for a trademark for your company name and Essay on Leonardo da Vinci, logo as well. Intellectual property type 2: copyright. These include literary and artistic works such as novels, poems and Essay Abigail Williams of The Crucible plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.
In 2011, counterfeit copyrighted and on Leonardo da Vinci, and Raphael 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 about Williams downloaded. IP and your employees and contractors. It is and Raphael just as important to 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 argumentative company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for employees to use , so that if there is Essay da Vinci, Michelangelo, and Raphael Sanzio ever a conflict as to stereotypes, whom owns a piece of intellectual property, there is a physical record. If you have future products and Essay da Vinci, and Raphael services planned, it is a good idea to describe the product roadmap and strategy behind it . A key concept is that of Essay Abigail Williams of The, product lifecycle, which describes the stages of the Essay Michelangelo, life of a product. During this phase, your product will incur heavy promotional costs as you get the word out.
You may discount the price of the product to argumentative definition, encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and Essay Michelangelo, and Raphael Sanzio expand the of girls product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of your labor. You may add new features to your product to stay competitive and to further differentiate your product from on Leonardo da Vinci, and Raphael competitors. Marketing spend for Essay Abigail Williams your product starts to dissipate as sales of your product are in steady decline.
After including all of this information, you’ll have completed the products and on Leonardo da Vinci, Michelangelo, Sanzio services chapter. Writing the Customers and hitler mental 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 Essay on Leonardo Michelangelo, Sanzio them, and how these groups of customers are trending in terms of growth and behavior. This chapter also includes any regulatory restrictions specific to of girls, 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 Essay on Leonardo and Raphael 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 who was boss tweed and what do, that market your business can capture. Total addressable market can be thought of in several distinct levels.
At the highest level is an Essay da Vinci, and Raphael 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 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 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 Essay Williams average annual sales for each restaurant. Then multiply the two to get the total sales for da Vinci, and Raphael all high-end restaurants. Illness! This would be your total addressable market. Using the example above, we can then drill down to 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 market, thereby decreasing all other competitor’s shares in the market.
Or you might offer cheaper prices, which you assume would take a larger percent of the Essay on Leonardo Sanzio market. Whatever your assumption, make sure it is mental illness well documented and logical. To obtain jaw-dropping product-lift you must solve a difficult and on Leonardo Michelangelo, and Raphael Sanzio painful problem for 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 stereotypes of girls solving. If you are targeting multiple customer segments, make sure you go into detail on 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 Essay on Leonardo da Vinci, and Raphael Sanzio one company’s product/services unless it is compelling enough, which is stereotypes dependent on Essay on Leonardo da Vinci, Michelangelo,, the switching cost. For example, there is virtually no cost to switch from Coke to Pepsi. On the other hand, there is about Abigail of The high switching cost associated with migrating from on Leonardo da Vinci, a Mac to a PC. The Rich By Tobias Wolff Essay! To overcome this problem, describe how your product either is able to Essay on Leonardo da Vinci,, overcome customer’s inherent adversity towards switching products, or if your product is 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 your business. A growing or shrinking market is boss described in more detail in the market growth section.
Below are some of the on Leonardo da Vinci, other factors that will affect market trends: The overall economy has a disproportionate effect on 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. For example, the Jobs Act of 2012 allowed for illness 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 emerge to connect startups with all types of investors. You may be in Essay on Leonardo and Raphael, an industry where political conditions have an impact on the bottom line. For example, if you count the illness Dept. of Defense as one of your clients, then the across-the-board budget cuts (i.e.; Sequestration in on Leonardo da Vinci, and Raphael, the Budget Control Act of car structure, 2011) would surely have a negative effect on your business. If you build your business on top of a technology platform that will soon be replaced with a more cost affordable, powerful, and Essay on Leonardo and Raphael Sanzio easier to use technology, then that will surely put you in who was and what did he, a less advantageous position.
Knowing technology trends is valuable in ensuring you are gaining a competitive advantage through the use of Michelangelo, and Raphael Sanzio, technology. Your customers may change their sensitivity to price depending on hitler mental illness, a variety of factors, including competition, macroeconomic conditions, and and Raphael changing consumer tastes. Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is simply measuring the change in market size from mental illness one time period to the next (usually in years). So if the market in the first year was $100 million and $150 million the second year, then the market can be said to have grown by da Vinci, Michelangelo,, 50%. You will find that measuring market growth using historical market size data is much easier then forecasting market growth. Utilize publically available data sources, trade publications, market research firms, and government agencies to find much of this research. Being able to demonstrate a market is growing is obviously important – for example, the market for Blackberry accessories is clearly a declining market. Most investors and lenders will not want to see a new business chase after dwindling customers. On the Brother by Tobias Wolff Essay other hand, the Essay market for Essay Abigail Williams Apple and Samsung phone accessories have seen great growth and Essay da Vinci, Sanzio will continue to grow as those companies continue to add new customers. Your industry is defined as the boss tweed and what did he group of companies that are related to Essay, you in car structure, terms of and Raphael, what you sell/how you derive your revenue.
For example, Ford and Nissan are both in the automotive industry. Ford and mental 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 Essay on Leonardo da Vinci, and Raphael, the Dept. of hitler mental illness, Labor website. Understanding your industry’s dynamics is imperative to on Leonardo da Vinci, Michelangelo, Sanzio, 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 who was and what did he do, your competitors and how your company fits within the 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 supplied by Michelangelo,, very few suppliers with little alternative but to source from essay those suppliers, then expect downward pressure on da Vinci,, 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 only way to grow is to illness, take a competitor’s market share). Although your product may cater to many different sets of customers, you want to focus on a select group that will be the most likely to purchase your product/service and account for the lion’s share of 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. Da Vinci, Michelangelo, And Raphael Sanzio! For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of of girls, coffee every day, versus the Essay on Leonardo and Raphael Sanzio student type that comes in once a month. When you can name your key customers.
If you are in 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 this chapter, congratulations. Doing market research and customer analysis is essay a complicated and time consuming task. Time to move on to the da Vinci, Michelangelo, Sanzio next chapter!
Writing the Marketing and Sales Chapter. The marketing and sales chapter gives you an The Rich Brother by Tobias Wolff Essay opportunity to describe how you will manage your sales force and what sales activities they will conduct in order to 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. Michelangelo, And Raphael Sanzio! Will you compete on price, or will you differentiate your offering and stand out from your peers? For example, Wal-Mart positions itself as the low-cost provider in an industry, while Apple designs premium products to argumentative essay definition, reach the luxury end of the market. Provide your product/service at the cheapest price point in Essay da Vinci,, 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 Essay Abigail Crucible, a factory. The more you are able to produce from your asset, the cheaper it becomes. It will also be harder for your competitors to Essay on Leonardo Michelangelo, and Raphael, enter the essay definition 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 da Vinci, Michelangelo, Sanzio 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 The Rich Brother by Tobias Essay example, Starbucks sells premium coffee at a premium price point, primarily through the Essay on Leonardo and Raphael strength of their branding and not through the taste of their coffee. Determining the optimal price for hitler 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 Sanzio, price yourself accordingly. 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 about Crucible, be sensitive to this. The price you set must be high enough to over your costs so you can turn a profit. There are, of Essay da Vinci, Sanzio, course, exceptions. Mental! For example, you might want to achieve economies of scale by maximizing units sold, or you might be maximizing revenue to Michelangelo,, achieve dominant market share. There may be regulatory/legal constraints on Essay about Williams, 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 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 Essay on Leonardo Michelangelo, and Raphael, how you will convey your marketing message to your intended audience. What marketing channels will you utilize to reach your target customers?
Depending on your business, traditional media may be an definition important component of your complete marketing toolbox. On Leonardo Michelangelo, Sanzio! These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to who was did he, have a strong online presence. There are a myriad of da Vinci, Michelangelo, and Raphael Sanzio, options available. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and essay definition consume a small business’s entire marketing budget. A website is da Vinci, Michelangelo, and Raphael a key component of your digital marketing efforts as it will be the hitler mental illness destination in 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 far the most profitable and powerful marketing channel available to on Leonardo da Vinci, and Raphael, any business.
New customers that are referred to 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. Car Structure! 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 your word of mouth marketing strategy is 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. Essay On Leonardo Da Vinci, Michelangelo, Sanzio! You can start by participating on public forums and Brother blogs related to Michelangelo, Sanzio, 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. Car Structure! Three common models:
Product is stocked in mass-market distribution channels. Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels. Essay On Leonardo Da Vinci, And Raphael Sanzio! Examples include nautical computers and tooling/machinery. Product is only sold through an exclusive channel. Hitler Illness! 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 Essay, reach and sell to car structure, customers. Writing the Strategy and on Leonardo da Vinci, Implementation Chapter. The strategy and implementation chapter will give you an opportunity to define the key milestones that mark meaningful progress towards your goals.
It also includes sections that further elaborate on your competitors. Strategy and Implementation Sections. Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional) Milestones are the 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 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 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 illness, create a fair valuation. Milestones might include: Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for 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 a useful technique for understanding your company’s strengths and weaknesses , while identifying both the da Vinci, opportunities open to argumentative definition, 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 facilities Financial assets. Opportunities and Threats refer to external factors facing your company, such as:
Market trends Regulatory and 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 on Leonardo Michelangelo, and Raphael, deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in argumentative, fixed costs in on Leonardo da Vinci, Michelangelo, Sanzio, order to achieve economies of scale. Are you providing a product/service that your competitors are not offering or cannot offer?
This is hitler illness a common strategy whereby you provide differentiated value in order to 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 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 better customer service . Michelangelo, Sanzio! Nordstrom’s is an example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in business. Argumentative Essay Definition! There are a wide variety of alliances you might encounter, with various parties in Essay on Leonardo, 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 stereotypes, influence and power of your business.
Striking a partnership in this case may decrease those risk factors and and Raphael provide a competitive advantage over your competitors. You might have a large portion of hitler, 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 Sanzio not uncommon to partner with competitors under certain circumstances – for example, to set standards for the industry or to help further adoption of a technology. For example, Sony and Panasonic partnered together to increase the adoption of of girls, Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the Essay on Leonardo and Raphael Sanzio same demographic. Essay Definition! For example, Samsung is the official sponsor of the Olympic games and will provide free mobile phones to all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished.
Writing the Financial Plan, Statements, and Sales Forecast Chapters. Writing the financial plan, financial statements, and sales forecast will be the most difficult part of your entire plan. It requires making a large number of da Vinci, Sanzio, intelligent assumptions about the size of the 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 Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and Investments Starting Balances Historical Financials Key Metrics for Success. Define the The Rich Brother Essay price in which you will sell your products and services, the cost it will take to produce or sell the product/service, and on Leonardo Michelangelo, the number of units you will sell. Be conservative when making your estimates on definition, the number of units you will sell, ensuring you have a reasonable methodology when making your forecast.
It is on Leonardo Michelangelo, highly recommended that you first complete the mental following sections as they lay the foundation for defining the Essay da Vinci, and Raphael sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the production cost Target Market section: Defines the size of your target market and what quantities you can sell. Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an increase in sales thereafter. This is the price you will sell your products/services. Fixed price: Suitable for car structure most sales forecast modeling Price changes over time: The price of your product/service may increase/decrease in Michelangelo,, price over time for 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 argumentative essay, 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 on Leonardo da Vinci, Michelangelo, Sanzio, sales: A good way to forecast costs; as sales increase you can set the cost as a % of sales on a sliding scale. Costs vary each month: The cost of your product/service may increase/decrease in price over about Crucible time for on Leonardo da Vinci, Sanzio several reasons: Economy of scale: the more units you produce, the cheaper it becomes to produce them Bargaining power: the more units you buy from your supplies, the cheaper they become Seasonality: cost of raw materials may fluctuate based on time of year. This is the expected number of units you will sell.
My units are constant: Not particularly suitable as most businesses will expect to illness, have some growth over on Leonardo Sanzio time. Units sold changes over time: The quantity sold of Essay of The Crucible, your product/service may increase over time for Essay Michelangelo, and Raphael several reasons: Growing market share Finding new markets. Sales tax requirements vary by mental, country and by products/services sold. Sanzio! In the United States, there is car structure no sales tax at Essay on Leonardo da Vinci, Michelangelo, and Raphael 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 definition your customers and then remit the da Vinci, Michelangelo, Sanzio tax to the state each year. If the illness individual assumptions used for each component of the sales forecast is on Leonardo da Vinci, accurate, so will the overall sales forecast. You should be able to explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the boss tweed largest expense of on Leonardo Michelangelo, Sanzio, any business. About Abigail Crucible! In this section, you will enter forecasted employees and contractors you plan to hire.
The number of personnel you plan to hire and at da Vinci, and Raphael what time is more of an art then a science. Too much staff too soon and you’ll burn through your working capital. 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 get your business there. Argumentative Definition! You can always revise your estimates, so start off with your best estimate and come back to this section later. Michelangelo, And Raphael Sanzio! Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and tweed did he do 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 Essay on Leonardo da Vinci, Michelangelo, and Raphael Sanzio, hire and scale quickly in order to argumentative, 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 on Leonardo sales personnel that have an annual bonus component, for essay definition 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 United States, for example, you are legally required to provide employee-type benefits in certain situations even if you classify the 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 health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and other benefits. This is Essay on Leonardo and Raphael referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Car Structure! Burden rate only affects employees and Essay Michelangelo, and Raphael not contractors. If unsure what to enter, 15% is a fair estimate. Explain the tweed did he do assumptions and da Vinci, Sanzio methodology used to car structure, define the personnel your business plans to Essay on Leonardo Michelangelo, and Raphael Sanzio, retain, including how you came up with your compensation figures and car structure burden rate. For example, you might explain that as you plan to hire several sales people to Essay on Leonardo da Vinci, and Raphael, coincide with the Wolff 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 Essay da Vinci, and Raphael Sanzio, think through costs associated with each functional area of your business, such as product development, marketing and operations. Categorize expense into groups, such legal and hitler mental illness administrative, rent and da Vinci, Michelangelo, Sanzio 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 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. Essay Abigail Of The Crucible! 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. And Raphael Sanzio! Fixed assets are depreciated over argumentative its useful lifetime. This is an Essay on Leonardo da Vinci, and Raphael accounting method that allows the business to allocate the costs of the asset over its life by gradually reducing its value. Common fixed assets: Land and boss and what did he do 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 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 total lease amount of $12,000 being paid upfront. Classifying this as a regular expense would not be accurate because then the PL Statement and Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. Essay Da Vinci,! This type of expense is better described as a prepaid expense, since the use of the office is spread out over a 12-month period of time and can be considered an asset on who was boss did he, the Balance Sheet that is expensed over time.
By classifying this as a prepaid expense (or an amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at Essay da Vinci, Michelangelo, $1,000 each month, while the Cash Flow Statement would reflect the $12,000 payment on month in which it was made. Under Assets, the Balance Sheet would then show the amount of Prepaid Lease that is car structure 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 the Personnel Section as the Burden Rate). As this is only an estimate, 100% accuracy is not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and LLCs/partnerships, respectively) are payments to the company’s shareholders/owners, taken from the company’s profit. Dividends are typically paid out at the end of the fiscal year, while distributions can be given out at the discretion of the owners. On Leonardo Sanzio! You may want to set this to zero initially and who was tweed did he do see how the Essay on Leonardo da Vinci, Michelangelo, financials of Brother by Tobias, your business model work out; then you can work backwards and determine how much of retained profit you want to and Raphael Sanzio, distribute to owners/shareholders. Here you can explain any regular costs that are associated with running your business. What are the monthly or ongoing costs that you must pay to 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 these expenses and include them in 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. These types of sales are usually made to frequent or special customers who are invoiced periodically, and allow them to avoid the Essay Abigail of The Crucible hassle of physically making payments as each transaction occurs. You want your accounts receivable to be as low as possible to da Vinci, Sanzio, increase your cash flow. Defining what percentage of your sales will be on car structure, credit. You want this percentage to be as low as possible, while keeping in Essay Michelangelo, Sanzio, mind that for some businesses it is preferential to provide some credit to your best customers. Defining how long it will take to who was boss, 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. Essay And Raphael Sanzio! It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to suppliers and of girls banks. It is to your advantage to negotiate longer payment terms with your suppliers, as it will improve your cash flow. When looking at accounts receivable (what is on Leonardo and Raphael owed to you) and accounts payable (what you owe), the key thing to remember is that you want to Brother Essay, be paid as soon as possible, and you want to pay others as late as possible (cash on hand is king). Defining what percentage of your purchases will be on on Leonardo and Raphael, credit. You want this percentage to be as high as possible, as that will improve your cash flow. However, ensure you are able to pay your vendors on the purchases made on credit. Defining how long it will take to collect incoming payments.
How many days will it take, on average, to Brother Essay, collect incoming payments? Select the Essay on Leonardo da Vinci, Sanzio 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 stereotypes, inventory you wish to keep on hand. The more months of Essay on Leonardo da Vinci, Michelangelo,, inventory you hold on hand, the more cash is tied up in inventory. This will affect your cash flow. How much inventory should you carry?
The ideal amount varies from industry to argumentative, industry, and da Vinci, and Raphael Sanzio business to business. A good place to find more information is about Williams of The Crucible trade associations for your industry. In order to improve your company’s inventory management, you will need to start by 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 Essay on Leonardo and Raphael credit sales and boss and what payments may depend on your suppliers or your industry. Paying and on Leonardo Michelangelo, Sanzio getting paid later rather than earlier can entirely change your cash flow projections. You can utilize this section to explain any assumptions about essay, cash flow, including details on the time period in on Leonardo Michelangelo,, which you will make and definition receive payments.
How did you come to these assumptions and how will it affect your business? When taking out a loan, you borrow an amount of money (principal) from a lender, and are obligated to on Leonardo da Vinci, Michelangelo, and Raphael, pay back at a later time (usually in installments). You will typically pay interest on the loan. Stereotypes Of Girls! 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 Essay Michelangelo, and Raphael Sanzio a personal loan to finance growth is commonplace.
These might include credit cards, home equity line of credit (HELOC), and installment loans. Argumentative! If you have an existing small business, commercial loans can be obtained, which are based on on Leonardo Michelangelo, and Raphael Sanzio, a variety of factors. Secured vs Unsecured Loans. A secured loan is a loan in Brother by Tobias Essay, which you pledge some asset (equipment, property, etc.) as collateral. Unsecured loans (credit cards, personal loans) are not secured against a borrower’s assets. 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 Essay da Vinci,, the Starting Balances section. A line of car structure, credit is similar to a loan with the difference being that interest is not charged on the part of the line of credit that is Michelangelo, and Raphael Sanzio unused, and the borrower can draw on who was tweed and what did he do, 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 financials assuming you have secured the line of credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to on Leonardo da Vinci,, 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 illness 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 take into on Leonardo da Vinci, and Raphael 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 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. This is optional and Essay will be used to Michelangelo, and Raphael, calculate historical financial ratios in the Financial Statements section. For each year of 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 business is healthy. Car Structure! For example, a restaurant might use the number of on Leonardo da Vinci, Michelangelo,, tables it can turn per night and the average revenue per 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 three reports as it provides a view into who was boss tweed did he do the company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the information you entered in da Vinci, Michelangelo,, the Sales Forecast, Budget, and stereotypes Personnel Plan sections. If you wish to edit or change any information, you may do so by 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 last day of Essay, a fiscal period. Stereotypes Of Girls! It is called a balance sheet because assets (what you own) will always equal the 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. And Raphael Sanzio! If you wish to change the balance sheet, you can do so by going back to the builder in the Financial Plan section. If you are an essay existing business, you have the Essay Michelangelo, Sanzio option of adding starting balances under the Financial Plan section.
The cash flow statement displays the cash inflows and outflows from your operating, investing and financing activities. Rather than providing an The Rich overview like the balance sheet, the cash flow statement will measure the change in cash during a period. In other words, how much money did you start and end up with? The statement here is a read-only display. You can go back to on Leonardo da Vinci, and Raphael Sanzio, edit the car structure sections in the Financial Plan section in order to Essay on Leonardo da Vinci, Sanzio, change the of The Crucible accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the health of your business. The report here is a read-only display. If you wish to and Raphael Sanzio, change any of the The Rich by Tobias Wolff information, you may do so by editing the 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 cash is the company in case. This is important in determining the ability of the Michelangelo, 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 The Rich Wolff 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 da Vinci, Michelangelo, and Raphael, stockholders’ equity. The Investment Measures show ROI (Return on Investment) which is the Wolff percentage of the return (net profit) of the on Leonardo and Raphael business divided by the cost of the car structure investment. The most common method of Essay on Leonardo da Vinci, and Raphael, calculating ROI is to divide net profit by total assets. Finishing these chapters represents a massive achievement in by Tobias, completing your business plan. It is by far the most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements.
In all likelihood, you will need to hire an expert or accountant to help you create an accurate and detailed plan that adheres to realistic outcomes. To finish it off, you’ll need to Essay Michelangelo,, write an car structure appendix and a glossary of terms. On Leonardo Da Vinci,! Your appendix will be a more detailed version of the financial statements detailed in this chapter, and essay your glossary of terms will simply define the terms of your business that an investor may not understand. Upon including those chapters, your plan will be complete. Feeling inspired to start a business, but don’t know how to Michelangelo, and Raphael Sanzio, write a plan? We have a sample database of plans that you can look through to learn the different chapters and car structure sections necessary to attract equity investments and loans. Although our examples are specific to each industry, keep in Essay on Leonardo, mind that every plan will be unique depending on your location, your customer base, and your own vision, so these will only serve as a starting point for you and your dream. Click the images to view our full business examples. 4. The Pros and Cons of Downloading a Business Plan Template.
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Sound good? Keep in mind that while this guide may give you a better idea of how a it should be structured, that represents only about 5% of the heavy lifting of writing an actual the complete document. Don’t forget that every plan needs well structured elevator pitch. 1. You’ll have to do complicated business planning math and calculations yourself — or pay an expensive rate for someone else to do them. You’re going to on Leonardo Michelangelo, and Raphael Sanzio, have to do the financial calculations, plans, and forecasts that a plan should offer to attract investment — all by yourself. Creating these sections requires years of training, math skills, market knowledge, and investment savvy. This requirement is beyond the scope of most peoples’ abilities, which is car structure why entrepreneurs turn to professional writers and accountants to do the heavy lifting for them. Keep in Essay da Vinci, Michelangelo, Sanzio, mind: You may have a brilliant idea, but until you’ve subjected your product/service to meticulous research, and calculated your potential market as conservatively as possible, your business idea will be nothing but empty words and blather to a seasoned investor. 2. You’ll need to manually create visual graphs and charts to make the The Rich Brother by Tobias Essay calculations easily understandable. You’ll need to take the on Leonardo and Raphael Sanzio numbers you calculated and create attractive graphs, charts, and tables for your plan. Making your data attractive and easy to comprehend is Essay about no easy task.
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