WorkshopFinancialStatements2006

WorkshopFinancialStatements2006 - Financial Management for...

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    Financial Management for  Entrepreneurs I Business Innovation Competition Workshops Innovation & Entrepreneurship Institute
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Business plan workshops Idea Creation and Opportunity Assessment - February 2 Matching Products and Services with Markets February 9  Competitive Analysis February 16 Strategy & Business Model February 23 Marketing and Sales Strategies March 2 Management & Ownership March 16 Financial Projections and Funding Strategies March 23 Professional Presentations March 30
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Business plan outline Executive Summary  Company Description Including product/service &  technology/core knowledge Target Market  Industry Analysis & Trends Competition  Strategy/Business Model Marketing & Sales Sketch  Production & Operations Sketch Development & Milestones Basic Financials Revenue model Rough costs Break even Appendix
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What a firm does, and how, to build and capture wealth for  stakeholders. Translates strategic position into a business structure and a  set of functional strategies. Includes a trajectory of growth: a timeline, milestones, infusions of capital, growing revenues,  growing, changing expenses. Business model
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A successful business organizes natural resources, human  resources and sweat into product or service plus profit,  Thus transforming human and natural capital into financial  capital.,  One goal of business is to generate wealth and stores it as  money, as capital, which can then be rented (lent) or  invested to help build more wealth… Alchemy of wealth creation
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Cash is not always cash: There is a difference between the cash  needed to run a firm and the capital needed to develop it. Operating cash is a lubricant that facilitates the exchange of  goods and services.     Successful firms are well lubricated: They cover operations from revenues. Capital is stored energy and is used to build capability.    Capital (from investments and loans) is stored profit from past ventures.  This  energy from the past helps firms build more rapidly than would be possible with  sweat and profit. Capital vs cash
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Track the alchemical transformation of labor, land and  capital into financial capital. Monitor flow of money through a business – as cash and  capital. Support planning and measure progress. Support judgments about the coherence of a business plan.
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This note was uploaded on 02/10/2012 for the course MARKETING 3596 taught by Professor Staff during the Fall '11 term at Temple.

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WorkshopFinancialStatements2006 - Financial Management for...

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