- •Ministry of finance of ukraine
- •Preface
- •Unit 1 Why start a business?
- •Vocabulary
- •Why start a business?
- •2) What information do you think a business plan must represent? Reading
- •Contents of a business plan
- •What should be in the plan?
- •Business plan
- •Vocabulary
- •Text 3 Starting a new business
- •Vocabulary
- •Financial activities and their management
- •Vice – President for Finance
- •Vocabulary
- •Writing a summary (an abstract)1 of a text, a book, an academic paper etc. Steps in writing a summary
- •Here are a few tips for you about writing a summary and some useful expressions
- •Vocabulary
- •Can you answer the following questions?
- •Introduction to accounting
- •Vocabulary
- •Assets and liabilities
- •Current Fixed assets
- •Vehicles
- •Investments
- •Balance sheet
- •Financial statements
- •Value added statement
- •Vocabulary
- •Valuation of assets
- •Variable costs
- •Indirect costs
- •Imputed costs
- •Vocabulary
- •Costing methods
- •Vocabulary
- •The use of funds
- •Vocabulary
- •Sources of finance
- •Borrowing
- •Other sources of funds
- •Management of working capital
- •Vocabulary
- •Money and its functions
- •Nebraska
- •Florida
- •Bank credit
- •Тексти для самостійного читання у і семестрі3
- •Types and forms of business organization
- •Why are companies referred to as ltd., inc., gmbh, or s.A.?
- •The strategy of a company
- •Financial forecasting
- •Careers in finance
- •What is accounting?
- •Financial accounting
- •Business documents
- •Main streets store, inc
- •Main street store, inc Statement of Cash Flows For the Year Ended August 31, 20 XX
- •The ассоunt
- •Title of account Debit | Credit
- •Types of account
- •Тексти для самостійного читання у іі семестрі4
- •Classical economics
- •Keynesian economics (Part I)
- •Keynesian economics (Part II)
- •The importance of the rate of monetary growth
- •The basic propositions of monetarism (Part I)
- •The basic propositions of monetarism (Part II)
- •The monetary rule
- •The decline of monetarism
- •Supply-side economics (Part I)
- •(Part II) The Saving and Investment Effect
- •Supply - side economics (Part III) The Elimination of Productive Market Exchanges
- •Rational expectations theory
- •Government finance
- •Government Growth: Purchases and Transfers
- •Tax rates
- •Taxation
- •Types of taxes
- •Sources of federal revenue
- •Sources of State and Local Revenue
- •Tapescripts
- •Glossary
- •Indirect costs
- •Investment
What should be in the plan?
SUGGESTED LENGTH
SUMMARY OF YOUR PLAN, highlighting the
attraction of your business one or two pages
what is the business?
what is the market?
potential for business
forecast profit figures
how much money is needed?
prospects for the investor/lender
2. THE PAST
when business started one page plus
brief summary of past performance (put Appendix
accounts for last three years in an Appendix)
indication of how relevant or not past
performance is to future progress
3. management (this is a crucial section)
your past employment and business as many pages as needed
record – identify achievements, not just a
chronological statement
the record of other people working with you
if there are obvious weaknesses in your
management, how you propose to deal with them
4. THE PRODUCT OR SERVICE
a simple description of what it does (avoid two pages plus
technical words). If essential, technical descriptions Appendix
can go in an Appendix
why the product is unique or distinct
brief survey of competition
how the products will be developed, what new products are being considered, when replacement will be needed for existing product range, what competitive products may emerge
any patents applied for
MARKETING (also crucial)
The market:
|
three or four pages (detailed market statistics in Appendix) |
Selling:
promotion, advertising (if any)
who will sell
some idea of your sales pitch (for example, the benefits)
of your product
how you will price
6. OPERATIONAL DETAILS
a) where you will be based – location, premises length depends
b) suppliers on nature of
c) manufacturing facilities business
d) equipment needed
7. FINANCIAL ANALYSIS
summary of the forecasts two or three pages
monthly profit and loss forecast for two years plus figures in
profit forecast for further three years (optional) Appendix
monthly cash flow forecast for two years
cash flow forecast for further three years (optional)
forecast balance sheet for two years
audited accounts for last three years (if available)
the assumptions behind your forecasts
what are the principal risks which could affect figures?
THE PROSPECTS
your objectives – short-term, long-term one or two pages
the finance needed and what it is needed for
shareholdings suggested (if appropriate)
prospects for the investor or lender (if appropriate, including possible value of business if floated on the stockmarket, so investors will be able to cash in their investment)
5. Read an extract of a business plan and arrange given information according to the appropriate items of the plan.
Hans Gast