This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: -Lack of Customer Focus-Inability to handle growth Build a Market Position That-Offers something valuable-Is Different from Competition (I want your customers!)-Can be defended Financial Plan-Cash Needs o Start-up o Operations o Funding Sources-Repay Debt-Projections o Expected Sales Income Statement Revenues (Mainly Sales) Less: Costs of Goods Sold Gross Margin (Profit) Less: Operating Expenses Operating Income Less: Interest Expense Income Before Taxes Less: Taxes Net Income (or Profit or Earnings) Sales (100 x $10) $100 Less Costs of Goods Sold (100 x $6) $600 Gross profit (100 x $4) $400 Less Operating Expenses Salaries $24 Advertising $40 Table Rental $20 $30 Net Income $100...
View Full Document
- Fall '08