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SAT / ACT Prep Online Guides and Tips. The dreaded DBQ, or “document-based question,” is an essay question type on the AP History exams (AP US History, AP European History, and AP World History). For the DBQ essay, you will be asked to analyze some historical issue or trend with the aid of the provided sources, or documents, as evidence. The DBQ is an unfamiliar type of in-class essay for many students, but it does not need to be a source of dread or panic. In this guide I'll go over Arts University, the DBQ's purpose and format, what the article pdf The University Australia documents are and how to use them, how this type of essay is scored, and how to prepare. University Bournemouth (AUB)? I'll tell you everything you need to rock this unique type of essay! Note: The rubric, guidelines, and write a narrative about an experience The Storm King School, skills tested for all of the History APs are identical; only the historical source material is different. As a veteran of the DBQ, I'm here to answer all your questions. Why do the AP History exams even have a document-based question?
What will it look like on the exam? What are these documents, anyways? Let's dive right in. This baby is of writing Arts too young to be diving into the DBQ! The point of the document-based question is not to torment you but actually to put you in help essay IMG Academy, the historian’s shoes as an of writing University Bournemouth, interpreter of historical material. Cool, right? The DBQ is testing your ability to: create a strong thesis and support that thesis with the aid of the how to write a narrative an experience documents provided analyze sources for parts of writing an essay Arts Bournemouth, characteristics such as author’s point of view, the author's purpose, the IMG Academy audience, and an essay Arts University (AUB), context make connections between the documents bring in outside knowledge to strengthen the an essay yourself School argument. This may sound like a tall order, but you probably already use all these skills all the time. Suppose your friend asks for your help in deciding whether to buy a particular new brand of soccer ball. You have used the soccer ball, so you have personal knowledge about it, but he doesn’t just want your opinion—he wants evidence! (Your friend takes buying soccer balls very seriously). Parts Of Writing An Essay Bournemouth? So first, you collect information (your “documents”).
These could include: online reviews of the soccer ball your brother’s opinion the price at the store the cost of other soccer balls ads for the soccer ball. Next, you'll analyze these documents to make a decision about whether the ball is a good purchase for your friend or not. For that, you might: Assess bias (also known as the author’s point of view): Maybe the soccer ball ad isn’t the most objective measure of the ball’s quality. Maybe your brother hates soccer. Consider the author’s audience: Maybe that review of the soccer ball was written for professional soccer players, and an essay, you want to know how it is for casual players! Think about the context of your friend's decision: What time of year is Arts University (AUB) it? If it’s right around Christmas, maybe your friend’s mom will get it for him as a present. What you already know about soccer is part of the context as well--you know your friend won’t want a ball that’s too bouncy, for example.
Buying the right soccer ball might have higher stakes than the AP exam. If you were going to article University of South Australia (Navitas) go back and write an essay for of writing Arts, your friend about write yourself application School, this after you've reviewed your documents, your thesis might be something like one of these examples: “This soccer ball is a good purchase for parts of writing an essay Arts University Bournemouth (AUB), my friend because it has all the elements of a good soccer ball at a great price point.” “This soccer is not a good purchase for my friend right now because even though it looks amazing, I know my friend’s birthday is in a week and his sister might buy it for him.” Then you would use the “documents” and your outside knowledge (for example, your experience with the soccer ball and your knowledge about soccer) to support that claim. That's a document-based question! In fact, I would assert that the DBQ is the what Berlin School easiest essay to score highly on parts of writing an essay Arts University, in the what an essay Berlin International School AP History exams. As overwhelming as it might be now to think about all of University, that information getting thrown at how to write about The Storm King you at once, think of it this way: Instead of relying primarily on your knowledge, the parts Arts University Bournemouth DBQ gives you a bunch of sources to use in thinker herculodge University, your analysis. This means you don’t have to be worried you’ll waste five minutes racking your brain trying to remember the name of parts of writing University (AUB), that guy who did that thing.
It’s important to bring in some outside information for how to sports articles, a top score, but the main thing you need to do is analyze . Of Writing Arts University Bournemouth? 95% of the info you really need is there. You just have to learn how to use it. Let's move on to test formatting so you know what to expect from how to about yourself for college document-based questions. What Does the DBQ Format Look Like? Each of the AP history tests has one DBQ, and it is always the first question in the test booklet for the writing section (Part II of the exam). When you open your booklet and turn to an essay Arts University (AUB) the DBQ, you will see the instructions, the prompt, and then the to write documents. You will have a 15-minute reading period, with a recommended 40 minutes of writing time.
The test has two essays, and you will have 90 minutes total to parts of writing an essay Bournemouth (AUB) plan and writing University Australia (Navitas), write them. You won't be forced to move on from one essay to the other, so be sure to budget your time carefully. You are not required to use the entire reading/planning period. You can begin writing whenever you wish. However, be sure you plan carefully because the Bournemouth (AUB) writing will go much faster if you have a good outline. That covers the general format, but no doubt you want to hear more about these mysterious documents. Stay tuned! What's the critical thinker (Navitas) Deal With These Documents? You will receive up to parts Arts University (AUB) seven sources. These could be primary or secondary, and they could take almost any form: l etters, newspaper articles, maps, pictures, cartoons, charts, and so on. You will need to use all or all but one of the how to documents in your essay.
You should go further in-depth on at least four of the documents. Of Writing An Essay University? (See the rubric breakdown section below for more details). For US History, no DBQ will focus exclusively on the time period prior to 1607 or after 1980, although they may focus on a broader time period that includes one of those time periods. Don't worry, they won't be original copies. Writing University Australia (Navitas)? Now that we've discussed the purpose, format, and parts an essay Arts (AUB), document protocol of the DBQ, we need to of South (Navitas) discuss scoring. How much is the DBQ worth on of writing Arts Bournemouth, your exam? And how do those pesky AP graders even score it? How Much Is the Document-Based Question Worth? The DBQ is 25% of your total grade.
The entire second section of exam is 50% of your grade, and there are two equally weighted essays. An Essay About Windermere? The rubric the graders use is parts of writing an essay Arts University Bournemouth freely available to you on write sports College, the College Board website. Don't worry if these look like gibberish to you. I'll break it down briefly here, and of writing an essay Arts Bournemouth, go even more in-depth on my article about how to prepare for and write a DBQ. There are four categories in this rubric: thesis, analysis of the document, using outside evidence, and synthesis. You can score up to seven points.
One point for how to yourself for college application, having a clear, historically plausible thesis that is located in parts of writing an essay University (AUB), the introduction or conclusion. You can get another point here for having a particularly good thesis that presents a nuanced relationship between historical factors, and doing a good job supporting that thesis in how to write yourself application Windermere, your essay. One point for using 6-7 of the Arts (AUB) documents in your essay. Easy-peasy. One point for doing further analysis on four of the documents.
This further analysis could be on any of the following points: author’s point of view author’s purpose historical context audience. Just be sure to an experience The Storm King School tie any further analysis back to of writing an essay Arts University your main argument! One point is just for context - if you can locate the about yourself Windermere School issue within its broader historical situation. You do need to write several sentences about of writing an essay University Bournemouth, it but the contextual information can be very general. One point is for being able to name an additional specific example relevant to your argument that is to write essay IMG Academy not mentioned in the documents. Don't stress if you freeze up and can't remember one on test day. This is only one point and it will not prevent you from getting a 5 on the exam. All you need to parts of writing Arts University (AUB) do for synthesis is relate your argument about this specific time period to a different time period, geographical area, historical movement, etc.
It is probably easiest to do this in the conclusion of the essay. Still with me? Just remember: the most important thing is having a strong thesis that is supported by the information in the documents and whatever other related information you have around in your brain. If you are an auditory learner, I recommend the to write essay following video, which breaks down all the components you need to get a seven . If this seems like a lot to parts of writing an essay Arts University (AUB) take in, don't worry. You don’t have to get a perfect score on the DBQ to get a five on thinker herculodge (Navitas), the AP. Somewhere in of writing an essay, the 5-6 range can definitely get you there. To get a 3 on the exam (which still gives you course credit at a lot of writing (Navitas), colleges), you only need a 3 on of writing an essay University Bournemouth (AUB), the DBQ. (See page eight of this document.) Additionally, overall historical accuracy is important but not 100% necessary for write yourself for college, every tiny detail of the essay. Anything that is in the documents should be correct, but when you start to bring in outside sources for your DBQ essay on unionization and working conditions and you can’t remember if the an essay Arts Bournemouth (AUB) Triangle Shirtwaist Factory Fire was in 1911 or 1912, just pick one and don’t sweat it.
If minor details are incorrect and don’t detract from the yourself for college Windermere School overall meaning of the essay, you won’t lose points. Now that you understand the purpose, format, and rubric for document-based questions, I'll give you some tips on how to parts an essay Arts University (AUB) get the score you're aiming for. Two things will help you crush the DBQ: prepping beforehand, and write sports articles du Leman, hitting all the right notes on test day! Rock the DBQ like Jimi rocked the 1960s. Of Writing An Essay Arts (AUB)? Try out the practice DBQs available online at the College Board website: look here for AP US History (and here for a complete APUSH practice test), here for AP European History, and here for AP World History. You don’t necessarily have to write an entire essay every time you practice—it’s also helpful to read the question and texts and critical, then create outlines with a thesis. Ask a trusted teacher or advisor to look over your practice drafts and/or outlines with the rubric and advise what you might be missing. Make sure you know general historical trends/periods so you can get that point for context. You can find more prep tips in my article on how to write a DBQ.
Read the of writing Arts Bournemouth (AUB) question carefully . Make sure you know what is being asked before you start trying to critical thinker University (Navitas) answer. While you read the documents, take notes on what they mean, who is writing, etc. Come up with your thesis before you start writing, or your essay will be a sad, directionless mess, like a boat with no rudder, lost at sea forever. If you aren’t sure of your thesis yet, brainstorm in your notes — not while you are writing. An Essay Arts University Bournemouth? Once you have a thesis, stay on topic. If you’re writing about how Smaug wrecked the Forbidden Mountain, don’t start talking about write about yourself for college Windermere School, how amazing and parts an essay Arts, clever Bilbo is, even if it’s true. Make sure you use all the documents —doing so gets you easy points.
However, don’t simply regurgitate sources with no analysis. If you find yourself doing a lot of how to an essay for college Windermere, “Source A says blah, and Source B says blah, and Source C says blah. ” make sure you are using the documents to make a point , and not letting the documents use you. A great way to analyze the documents is to make connections between them! Who agrees? Who disagrees?
Why? Don’t forget to provide context, one outside example, and parts of writing Bournemouth, a connection to another period/area/historical theme if you can! That’s three points right there. Help? And there you have it! You are ready to start prepping for success. Abraham Lincoln believes in you! I know I just threw a lot of information at you. So here are some key takeaway points: The document-based question is of writing an essay Bournemouth (AUB) a way for the AP to test your skills as a historian! Don’t panic! It doesn’t have to be overwhelming, even though you are getting tons of information thrown at you in a short time.
The DBQ is based on skills that you can learn and article pdf The University (Navitas), practice : writing a strong thesis, using given evidence to parts of writing an essay Arts Bournemouth support an argument, making connections between different documents and pieces of evidence, placing specific information in a broader context, analyzing an author’s intent, bias, audience, etc. Need more study resources for AP World History ? See our Best AP World History Study Guide or get more practice tests from our complete list. Need more resources for AP US History ? Try this article on the best notes to use for studying from write essay about The Storm School one of our experts. Also check out her review of the best AP US History textbooks! Or just looking for general information about your upcoming APs ? See here for instructions on University (AUB), how to register for AP exams, complete 2016 test dates, and information on how much AP tests cost (and how to get AP financial aid).
Want to improve your SAT score by 160 points or your ACT score by 4 points? We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now: Have friends who also need help with test prep? Share this article! Ellen has extensive education mentorship experience and is deeply committed to helping students succeed in IMG Academy, all areas of life. She received a BA from Harvard in Folklore and Mythology and is currently pursuing graduate studies at parts an essay Arts (AUB) Columbia University. You should definitely follow us on how to a narrative essay about an experience King School, social media.
You'll get updates on our latest articles right on your feed. Parts Of Writing An Essay? Follow us on all 3 of our social networks: Have any questions about write an experience The Storm School, this article or other topics? Ask below and we'll reply! Series: How to Get 800 on Each SAT Section: Series: How to parts of writing an essay Arts Get to 600 on Each SAT Section: Series: How to Get 36 on how to write College du Leman, Each ACT Section: Our hand-selected experts help you in a variety of other topics! Looking for Graduate School Test Prep?
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How to Construct a Killer Resume, From Start to Finish. Last week, I wrote a controversial article about resume tips that got a lot of parts Bournemouth readers fired up. As a result, I thought it would be worthwhile to go through the entire process of creating a strong resume, step by step. Step 0: Do NOT fire up Microsoft Word and use a generic resume template. Absolutely, positively , do NOT do this, no matter what.
Microsoft Word is a powerful program, but just firing it up and opening up one of the included resume templates does one thing and one thing alone – make your resume look like everyone else’s. You want your resume to help to write IMG Academy, look unique and parts University (AUB), memorable, but classy – Word’s default templates will not cut the mustard. Step 1: Open a plain text document and start listing all of the information you might ever include on a resume. List the details of every job, including every possible relevant accomplishment at each one. How To Write Sports Articles Du Leman? List every organized activity you’ve ever participated in, and every noteworthy honor you’ve received in your life. Of Writing An Essay? List everything . Tip #1: If you don’t know where to start, include the following in help to write essay this order: Work experience (dates, names of employers, location, tasks, accomplishments) Education (dates, degrees obtained, location)
Honors and awards. Other activities of note (professional organizations, special skills, etc.) This is essentially your “default resume.” You’re never going to send it to parts an essay Arts University (AUB), anyone. Instead, you’re going to use it to quickly build the real resumes that you will send to potential employers. Step 2: Read and article University (Navitas), research the job you’re interested in applying for.
Once you’ve found a job that you’re actually interested in an essay University applying for, do a few minutes’ worth of research. Find out as much as you can quickly about the job itself and the employer. If you don’t understand fully what you’re applying for write an essay yourself Windermere and who your employer is going to Arts University Bournemouth (AUB), be, you’re essentially tossing things at the wall and hoping it will stick. Tip #2: Before you actually start assembling a resume for how to sports articles du Leman a job, make sure you can answer these five questions, at the very least. What is the of writing Arts University (AUB) likely primary function of the job? What are you being hired to do? This isn’t your job title, but what you will actually be doing. What is the organization that I’m applying to? Sure, you know the what about name of the organization, but what is that organization’s function?
Do they produce certain products? Do they provide certain services? What is the of writing University Bournemouth (AUB) reputation of this organization? Applying to pdf The of South, Google and to “Joe’s Desperate Search Engine” are two completely different things, even though the jobs may appear very similar on paper. Joe is an essay University Bournemouth (AUB) probably seeking a programmer with very specific skills, while Google is looking for people who exhibit exceptional problem solving skills. What is my role within this organization? If you accept this job, what will your role be? Will you be working on developing the product directly, or will you be providing services to write The Storm, the public?
Perhaps you will even be providing services to the people who make the products. What skills and attributes point to success with this specific organization in the role I’m going to fill? Basically, knowing what you know about the job, what sorts of parts an essay Bournemouth (AUB) things would make you a really great candidate? Step 3: Open a new copy of how to a narrative essay about School your default resume and eliminate everything that isn’t highly relevant or impressive. Now that you know what you’re applying for, you should know the skills and attributes that position would need. Eliminate everything that isn’t pertinent to the position or doesn’t speak extremely strongly for parts (AUB) your character. If you’re applying for a job as an administrative assistant, your position as a typist is probably very relevant – but if you’re seeking work as a manager of a department store, it basically just fills out how to sports articles College, your work history. Also, unless it’s highly relevant to what you’re applying for, don’t include much about positions you left more than ten years ago.
Tip #3: If you’re early in of writing an essay (AUB) your career, you may wish to list some jobs that don’t match the description very well to establish a work history. That’s fine, but go minimal on a narrative essay about describing them. What you have now is the information you want to put on the resume. Now, let’s polish it up a bit. Step 4: Make your accomplishments ring with action. Now it’s time to polish up the statements about parts of writing Arts Bournemouth what you’ve done, focusing on how to about an experience School two things: language that indicates that you’ve performed an action, and selection and parts of writing Arts University Bournemouth (AUB), modification of these statements to appeal to critical Griffith University (Navitas), the organization. First, go through and change all of the an essay Arts Bournemouth (AUB) descriptions of help to write essay your work tasks into Arts University (AUB), action sentences. Let’s work through three examples of this. Bad job attribute : Participated in the development of a data entry program. Better job attribute : Developed a high-throughput data entry program in a team-based environment. Bad job attribute : Chaired three committees.
Better job attribute : Led the creation of new company-wide policies. Bad job attribute : Introduced a new filing system and helped set it up. Better job attribute : Implemented a new document organization system. In each case, the how to about for college Windermere move was towards verbs that indicate more decisive action that led to a desired result. Employers want actions that lead to results, not participation. Next, mold these action-oriented accomplishments so that they speak to the job you’re applying for . An Essay University? Let’s look at that data entry program developer.
A person with that on help to write essay their resume might be applying for a software development position. In that case, one might want to University Bournemouth, highlight the an essay yourself application Windermere School code-based accomplishment: Great job attribute : Wrote 22,000 lines of Arts (AUB) Java for a data-handling class for a high-throughput data-entry tool. On the other hand, if you’re looking for a leadership job, you may want something like this: Great job attribute : Led a team of seven to develop a high-throughput data entry program. In the end, you want to highlight those parts of the tasks you have done that will make you seem most exciting to the potential employer. Step 5: Write a one sentence pitch explaining why your job attributes make you a good candidate. Your resume should not have an objective on it. A person hiring you can guess your objective from the simple fact that you applied. Instead, you should have a statement explaining how your specific skills make you the right person for the job. What About International School? Here’s a good example.
I have nine years experience developing high-throughput Java-based data entry software and leading teams in the implementation of this software. In other words, write a one-sentence summary of your qualifications as they specifically relate to the job you’re applying for. This will go right at parts of writing an essay (AUB) the top of the resume. Now that you have all the information ready, it’s time to fire up Microsoft Word and make it shine. Step 6: Make a polished document out of the article writing of South material you’ve created. There are several useful tutorials for parts an essay University just this task. I recommend starting with LifeClever’s tips for giving your resume a face lift, for starters.
I strongly recommend using Georgia as your font, as it is fairly distinctive while still quite legible in print, and I also recommend making your line spacing 120% (go to how to a narrative essay about King, Format, choose Paragraph, choose Multiple, and set it to 1.2). I also recommend putting things in the following order: Summary of of writing an essay Arts University Bournemouth Qualifications. Work Experience (unless this is your first “real” job) Professional Organizations (unless these are slim, the eliminate or move to end) Honors (unless these are slim, then eliminate or move to end) A note indicating that references are available upon request. Ideally, you want this to be as short as possible. What To Write About Berlin Brandenburg School? One page, with an additional cover letter, is best. If you feel the Arts Bournemouth (AUB) need to write essay School, include more stuff, feel free, but every time you add something more to the resume, you provide more and more cover for your truly excellent attributes to hide in a sea of merely good attributes.
One strong approach is to create a short resume and a long resume, and include a short URL (made at TinyURL) to download the longer one if interested. I generally encourage people to of writing University Bournemouth, include reference contact information in article pdf The University of South (Navitas) their long resume, but not in the short one. Remember, always, that you’re trying to sell yourself to the company . Think of yourself as a product on an essay Arts Bournemouth (AUB) the shelf, next to how to write about, many competitors. How are you going to parts of writing an essay Arts Bournemouth, grab their attention in a positive way, show off your best attributes, and make them at least consider buying you (i.e., interview you)? Keep that in mind at all times when constructing your resume, and you’ll do fine. Get rid of pdf The University of South Australia (Navitas) high interest debt with a 0% balance transfer credit card. Earn credit card points toward your favorite ways to travel. Save money and expand your travel budget by parts University (AUB) packing any one of these cards on writing pdf The of South Australia your trip. A comprehensive guide to maximizing rewards and getting paid back for everything you buy. “Chaired three committees” is parts an essay Arts University Bournemouth (AUB) many times better than “Led the creation of new company-wide policies”, which is so vague it could mean writing a roster for Windermere School filling the office dishwasher.
I like a bullet list of facts in the resumes I review, and putting that at the very top has always proved successful in my job applications. Achieved $5million in sales in 2006. Parts Of Writing An Essay Arts University Bournemouth? Worked on 6 university research facilities. Supervise and mentor 10 junior personnel. Etc. I’m not a fan of using inflated “office language” in how to write about School place of these facts. This research into the job/company before creating a tailor-made resume reminds me a lot of parts an essay Arts Bournemouth submitting stories for publication. This research into the job/company before creating a tailor-made resume reminds me a lot of submitting stories for how to write application publication. Parts An Essay Arts University Bournemouth (AUB)? The more you know… You mentioned honors and College, awards.
Is it okay to put in academic ones? I’ve been in parts of writing Arts Bournemouth (AUB) the workforce for only a couple of years, so my experience is pretty limited. Also, some of my affiliations/volunteer work are religious in nature. These gave me valuable leadership, project management and teaching experience. Would that be okay to put into critical thinker Griffith University, my resume? You mentioned honors and parts Bournemouth, awards.
Is it okay to write an essay about application Windermere, put in academic ones? I’ve been in parts of writing Arts University Bournemouth the workforce for only a couple of years, so my experience is pretty limited. Also, some of my affiliations/volunteer work are religious in nature. These gave me valuable leadership, project management and teaching experience. Would that be okay to what to write an essay about Berlin International School, put into my resume? Thanks!
I am always amazed at the poor quality of resumes submitted by many job applicants. An Essay? If you are not willing to help to write, put forth a little effort to get the job, it really makes me question your overall work ethic and your motivation to of writing University (AUB), have a successful career. I think people should stop including their “objective” in their resumes. Obviously the objective is to get a job in help IMG Academy a related field. Frequently, applicants include nothing useful as their objective with things like “To find a position in the customer service sector that will utilize my people skills etc etc… This type of of writing an essay University (AUB) information is better left in your cover letter. One thing you didn’t mention is personal interests. I have a short list on my resume, and it is great for building rapport and starting the conversation, especially if your interviewer shares similar interests.
For the most part, this advice is great. But as guinness416 noted, your “bad job attributes” and “better job attributes” need work. “Chaired three committees” is awesome to me as an employer. It conveys specific information. “Led the an essay about Brandenburg International School creation of new company-wide policies”, as guinness said, could mean anything. Your advice about parts of writing an essay including a pitch instead of an objective statement are spot-on. Objective statements are a waste of space. I have no idea who is perpetuating the idea that they’re a good idea, but they’re not. I’ve lurked here for quite a while now and thought i’d throw in how to write yourself application the opinion of a HR professional. In terms of the “bad attributes and of writing an essay Arts University Bournemouth, good attributes” a better thing would be to mesh the two together; “Chaired three committes leading to the creation of new company-wide policies” I agree with Money that objective statements are becoming a thing of the past.
@Rita, In terms of the religios nature of to write an essay Berlin Brandenburg your awards/affiliations, it is up to you. However, you should be ready to have comments made about parts of writing an essay (AUB) this (of course it would depend on the industry you are in) If I eliminate everything that isn’t highly relevant or impressive, I’d be down to almost nothing! I have had two low-wage dead-end jobs over the last 25 years. What’s impressive about that? I can SAY I have certain skills, but if those wkills have never been relevant to my employment, how are employers going to receive that claim? There are non-employment attributes I could include (e.g. I was on the board of write sports articles College my neighborhood association and of writing Arts (AUB), a local food co-op) but wouldn’t that be excessive reaching in the context of scant job achievement?
(Yes, “excessive reaching” itself is excessive reaching. University Of South? Irony intended.) Any opinions to the idea that pitch and/or objective statements are both unneeded? The pitch is how you should begin your cover letter. I agree the resume should be tailored to the job opening, but I am no fan of any opening paragraphs.
I do list my most relevant abilities on parts University Bournemouth (AUB) the top depending on the job, which could be seen as a bulleted form of a pitch. Good stuff, Trent. Especially original (and after my own heart) is starting in help IMG Academy a text editor…not letting someone else’s (poor) cookie cutter form dictate your personal marketing document. One thing that bears repeating and CANNOT be stressed enough: tailor your resume individually for each and every job opportunity you’re applying for. Unless you’re applying to manager of parts Bournemouth (AUB) cereal branding at General Mills and want to impress people with your mass marketing skills, no hiring manager will waste time with your resume unless ever inch of it sings your praises for writing pdf The University the one job you’re being considered for. Parts Of Writing (AUB)? If you really want the job, take the time to figure out critical herculodge Griffith University, which of your strengths are appropriate for an essay Bournemouth (AUB) THAT job, and an essay Berlin Brandenburg International, move them to the very top of your resume and eliminate everything that’s not relevant or interesting to the hiring manager. Despite my firm belief in the philosophy of the parts of writing an essay Arts University Bournemouth (AUB) Purple Cow, my instinct is to save the how to application Windermere personal interests for the interview. Resumes are screened by computers and/or HR people for keyword richness, not your hobbies, and you can really only turn people off at the scanning stage.
“Trent juggles? Oh no, the hiring manager’s mom was killed by a juggler. Pass.” Wait until you get the interview, look around the manager’s office for “no juggling” signs or voodoo dolls of clowns, then bring up your interests that make you remarkable and parts an essay Arts Bournemouth (AUB), memorable. I would refuse to hire you on critical thinker (Navitas) the grounds that “throughput” is not a real word, and I wouldn’t want to have to work with someone who uses abstruse business-speak instead of real words. Throughput is for parts of writing an essay Arts University Bournemouth sure a real world, usually used in context of computers, processors… How much data can be put through how quickly. Funny you should bring this up. I came across an interesting resume format the other night.
I recognize the shameless blog plug, but it’s located on my site at entry titled “Resumes Suck. Critical Thinker University? (Until Now)”. Rick Turoczy of the parts an essay More Than a Living blog has an awesome format. Great post. For those of how to about The Storm School us who are recent graduates and an essay University (AUB), haven’t had much experience putting a resume together, firing up Word or downloading a resume format is usually the first step. It’s usually a fear of the what about International formality of the document and not having a solid grasp of what to include in it. I like how the personal interests were actually not mentioned. Some interests are frankly lame, and a resume can only ‘describe’ so much of you. An interview is a much better way to show how interesting of a person you are. I?d further reccomend that people, Trent included, that are interested in this to parts Bournemouth, check out the Manager Tools podcast and website. They have a podcast titled “Your resume stinks!” and how to for college application Windermere School, I believe they know it. Parts An Essay University Bournemouth (AUB)? The hosts have worked in corporate recruiting for many years, specifically in technical jobs.
Minimum wage, having a steady job history looks good, no matter what the job. It looks especially good for entry-level jobs where employers experience a lot of help to write essay IMG Academy problems with absenteeism and tardiness–just showing up and parts an essay Arts Bournemouth (AUB), actually doing your work impresses them. And absolutely, positively include any actual experience related to the jobs you want. Just because you didn’t get paid, doesn’t mean it’s not work experience. In fact, if you can get volunteer gigs that require the critical skills you want to use in your next job, that’s a good plan.
Did you accomplish anything impressive on these boards? If not, can you now, now that you know how things are currently done and have a better idea of the big picture? Another approach is to get an entry-level job in a company that also hires people for the kind of parts an essay Arts University job you want. I’ve even heard of people crossing the writing pdf The University Australia (Navitas) invisible barriers–I know an an essay Arts University Bournemouth (AUB) assembly line worker who got a job as an engineer in the same firm just by speaking up at a meeting once (in addition to doing awesome work). Another approach is to join the professional associations that people who have the job you want next belong to and do committee work so that you can meet people and get good advice on what to do next. Thanks for to write essay a great post! Any resume advice is greatly appreciated!
Good tips, though I don’t agree with step #5. You should always include a cover letter with your resume which is where your pitch should go. Putting a pitch at parts of writing an essay University the top of your resume is (or at least should be) redundant. In regards to hobbies and personal interests, I find that to be a bit of a gray area. Professionally I don’t think that should make a difference to whether or not someone is to write IMG Academy hired. Their life outside of the parts of writing an essay Bournemouth (AUB) job is their own business. On the flip side you want to yourself for college application, hire someone that fits with your team and common interests can be an easy way to parts an essay University, have a conversation and find out how to a narrative The Storm King School, a bit about someone’s personality. I disagree with you, DrBdan on step #5. Generally speaking, you are right – this should most certainly be shouted out at in your cover letter – thats the blurb that is going to get the potential employer to read your resume, period. However, if you can do two different blurbs, having it at the top of your resume will 1 – reinforce the idea, and of writing Arts University, 2 – show your employer that you didn’t just copy and paste a blurb from the web, because you were able to organize your skills in how to write sports two different ways. I think its a great idea to replace the mission statement with a pitch.
I want to an essay Bournemouth, add that finding a job while employed seems to be much easier than finding one when unemployed. I setup a linkedin.com page and have been using it heavily. Every time I meet someone whether we are in how to write sports articles Boston or Bangalore I send them an invite. Slowly but surely my network is of writing an essay (AUB) growing and people are coming to to write an essay International, ME to see if I will work for of writing an essay them rather than the other way around. Resumes get you in the door but if you can be proactive while you are employed you can create your own safety net! I am so glad to see resume/cv related advice, but how do you get all that data together to yourself for college Windermere School, start with? I’ve often been told to provide anecdotal evidence, but I can never remember any when called upon! Stephen’s comment that “an interview is a much better way to show how interesting of a person you are” is right on. Remember, resumes get you interviews, and an essay Arts Bournemouth (AUB), interviews get you jobs. Write the best resume you can, but don’t neglect interview prep.
I once interviewed a person who sounded absolutely perfect on his resume, but in his interview he was an arrogant jerk, and we never talked to him again. How To Write About Yourself School? We hired someone with a resume that was “marginal” because of her limited experience, but in parts an essay Arts University (AUB) her interview it was clear she would be a terrific fit for our department. (And she was.) As a resume reviewer, I think personal interests are generally not helpful unless they demonstrate some personality trait relevant to the job — for example, if you run marathons, it gives me a sense that you are capable of sports articles College setting goals and parts an essay Arts Bournemouth, sticking to them. Sports Articles Du Leman? Please don’t tell me you do yoga. I do yoga. Most of the (AUB) people in my office do yoga.
It probably makes you a better worker. But it’s not going to start a conversation or get you the job. An Essay? If you can make it interesting — “Recently completed 108 sun salutations in one day to raise money for victims of domestic violence” — now that gets my attention. Which also ties in to Minimum Wage’s question — serving on the board of any organization definitely counts as relevant for a lot of jobs. It (hopefully) shows that you’re willing to pitch in when people need help, and that you’ve probably been in situations where you had to solve problems or make decisions as a team. You could have a whole section of your resume for an essay Arts “Leadership Positions” that may or may not include anything from your paid employment.
Hey Simple Dollar, I keep ending up here from like 10 different places (MyMoneyBlog, this time it’s CodeProject!), good job on the market. There’s a line from the Tao Te Ching: “good speaking leaves nothing to write a narrative an experience The Storm School, pick at”, however, the of writing (AUB) fact that everyone is picking at the same thing (chaired committees and objective) gives me the impression that what you’ve written is what about Berlin International very good. Parts Of Writing University Bournemouth (AUB)? So good that “we” only want to “fix” two things to to write essay IMG Academy, make it perfect. Parts Arts Bournemouth? So congrats! :) I will add my two cents to “Objective” discussion: Write a good objective or leave it out write sports, . If you don’t think that you can write a good one, leave it out. I like mine, it’s brief, it’s distinct, it says that I’m here and of writing Arts University (AUB), I’m going there. The same things go for personal interests. My interests include Magic: the help to write Gathering Pro Tour Competitor.
This isn’t small potatoes, this is parts Bournemouth (AUB) big money, I got a free flight to Geneva! I’ve won money at an amateur open event and I’m one of the top-ranked players in Canada (in Limited). In a brain field, this is a relevant hobby. Though I can understand the personalized resume, I rarely customize the resume b/c I’m usually looking for the same type of job. As a computer consultant, the 71 different buzzwords and how to write an experience School, TLAs on my two page resume are all quite specific. I usually just spend extra time (1+ hours) to customize the cover letter. Interesting about the font type (Georgia) but you don’t reference the parts University (AUB) font size. What is how to a narrative King considered a readable font size?
Font size = minimum 12. Objective. hmmm what if the employer is filling 6 different positions and parts of writing an essay Bournemouth (AUB), HR gets ALL the resumes. Which resume goes with which job? Objective: Programmer (Job Title) or using a profile instead of an article writing objective? Minimum Wage: with 25 years of work experience you have a truckload of transferable skills (hard and soft skills). The biggest part of parts Arts University Bournemouth (AUB) making a resume work is publishing it. I would absolutely work to get a website or publish through a networking company such as LinkedIn. Article? I’ve not had to Bournemouth (AUB), send my resume to anyone in years.
Definitely agree with point # 0 2. Do not use Microsoft Templates to ensure that your resume stands out from the crowd and be sure to research the job before applying for it and this way you will be able to create a customized resume which is cognizant to the needs of the of South (Navitas) job and hence ensure at least a interview. Every time I write a resume, I don’t feel good about it. But when there’s a call for parts of writing an essay Bournemouth an interview, I think there’s a hope for me. Critical Thinker Herculodge University (Navitas)? My resume is of writing an essay Arts (AUB) not too bad. What Berlin? But what is a value of an essay good resume without the skill for herculodge Griffith an interview. So, I basically think, a good resume is useless without a good skill for an interview. Resume constructing tips found here really great. Definitely i will follow some of them.Thanks for parts an essay Bournemouth (AUB) sharing useful information for what to write an essay Berlin job seekers. Whatever your taste, this is a great story! Bingo!
I love this blog…just bookmarked it. Keep it coming. These tips helped me to make perfect resume and i got my job finally, all credits goes to you..thanks a Lot. Any experienced resume reviewer can advise on the best way to name a resume? Thanks. Heya i’m for the first time here. Arts (AUB)? I came across this board and I find It really useful it helped me. out a lot. I hope to an essay application Windermere, give something back and University Bournemouth (AUB), aid others. like you helped me.
Good information. Lucky me I ran across your website by accident (stumbleupon). I have saved as a favorite for later! Just sign up to The Simple Dollar Daily and start saving today. Just sign up to The Simple Dollar Daily and article pdf The, start saving today.
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20 Essential Korean Recipes to Know and Love. Kimchi, Korean barbecue, and an essay jjigae—your starter guide to the great wide world of Korean food. A delicious verve of how to sports articles College du Leman, heat runs through Korean recipes. The cuisine is as rich as it is communal, with meals often beginning with many side dishes known as banchan . Korean recipes are often accompanied by kimchi, a spicy fermented vegetable dish mostly consisting of cabbage and root vegetables and spicy seasoning. Meats feature prominently in parts an essay University Bournemouth, Korean recipes, such as Korean fried chicken, barbecued meats, and spicy stir-fried pork. To start, we've rounded up our favorite Korean recipes so you can enjoy the critical thinker herculodge Griffith University, food of parts an essay Bournemouth, this fiery peninsula. Korean Fried Chicken. Double-frying chicken wings is the secret in Korean recipes to achieving the delicate, crackly crust that is the hallmark of this popular Korean specialty, made famous in this country at the Los Angeles restaurant Kyochon. Cathy Danh wrote about this snack in The Other KFC for our March 2010 issue. Korean Spicy Stir-Fried Pork Belly. How To Windermere School! Jeyuk bokkeum stir fried pork.
Bokkeum is an umbrella term given to dishes—often made with inexpensive, strong-flavored cuts of meat—that are stir-fried over high heat. Pork belly is the most popular version, but other classics include octopus, mackerel, and dried anchovies. The sweet and parts of writing Arts University Bournemouth (AUB) spicy gochujang-laced marinade helps the meat caramelize as it cooks. Get the critical thinker herculodge Griffith, recipe for of writing Arts Korean Spicy Stir-Fried Pork Belly » Ssamjang korean barbecue paste. While this thick, spicy-sweet paste—a combination of doenjang and gochujang—is primarily used to glaze barbecued meats or as a condiment for lettuce wraps, it can also be a dip for article of South (Navitas) cold vegetables like carrots, cucumber, or Korean peppers. The inclusion of walnuts is chef Hooni Kim's personal touch, which adds earthiness and of writing an essay University Bournemouth (AUB) gives the sauce more texture. Get the article writing Australia (Navitas), recipe for Ssamjang (Korean Barbecue Paste) » Make this quick and easy dipping sauce as an parts an essay, accompaniment to Gamjatang (spicy pork neck and potato stew). This recipe is adapted from Koreatown: A Cookbook.
Get the recipe for Gamjatang Sauce » Quick Basic Kimchi. Getting tired of how to essay The Storm King, your plain winter root vegetables? Throw some homemade kimchi on parts of writing an essay Arts there to spice up a standard dish. Get the recipe for Quick Basic Kimchi » Doenjang Jjigae (Fermented Soybean Stew) doenjang jjigae korean soybean stew. It took chef Hooni Kim one year to perfect his recipe for dashi, which he uses as the base of this everyday Korean stew. An Essay Berlin Brandenburg International School! Gochujang adds a subtle layer of heat to the broth, and parts Arts Bournemouth (AUB) doenjang boosts its richness and silkiness. Get the what Berlin, recipe for Doenjang Jjigae (Fermented Soybean Stew) » Korean Rice Cakes. Arang, a Korean restaurant in New York, takes a Korean recipes classic—ddukbokki, or spicy rice cakes—and adds on an oh-so-American layer of parts of writing Arts Bournemouth, melted cheddar for a stroke of article writing of South Australia, fusion brilliance that recalls nachos as much as Korean cooking. This recipe is based on parts co-owner Sunny Lim's notes, plus korean recipes in Matt Rodbard's Koreatown: A Cookbook. Korean Grilled Beef Ribs (Kalbi) Pineapple juice sweetens and tenderizes beef short ribs in this classic Korean grilled dish.
Ask your butcher for bone-in short ribs cut in half crosswise. Help! Get the recipe for Korean Grilled Beef Ribs (Kalbi) » Korean Rice Cakes. This spicy pork recipe comes from the of writing an essay University (AUB), kitchen of Arang, in New York, where it's used to make ddukbokki, spicy rice cakes. Get the critical thinker Griffith (Navitas), full recipe here. Get the parts of writing an essay Arts Bournemouth (AUB), recipe for how to articles College du Leman Korean Rice Cakes » korean scallion pancakes. These crispy fried scallion pancakes from chef Hooni Kim, traditionally paired with a refreshing makgeolli, or Korean rice beer, can be a vehicle for any number of ingredients. Instead of, or in addition to, the an essay Bournemouth (AUB), scallions, you can fill pajeon with garlic chives, ramps, chrysanthemum leaves, small squid, shrimp, thin slices of Korean chile, or julienned carrots. To get the pancakes as crispy as possible, make sure the batter is very cold and the pan smoking hot and slicked with plenty of oil.
Get the recipe for critical herculodge University (Navitas) Pajeon (Scallion Pancakes) » Su jung kwa is a traditional Korean tea made from cinnamon, ginger, spices, sweet dried dates, and pine nuts that's commonly served as an Bournemouth, after-dinner drink or dessert. To Write An Essay School! Chef Hooni Kim serves a chilled cocktail version at his New York restaurant Danji that gets a smoky kick from rye whiskey. Date jujubes, also known as red dates, Chinese dates, or Korean dates, are commonly used in Korean cuisine for their natural sweetness and University (AUB) purported medicinal properties. Both jujubes and dried persimmons can be found online and in most Korean and Chinese grocery stores. Get the recipe for Su Jung Kwa » Korean Clam Soup. A simple, light soup not short on College heat or spice.
It's traditionally served over a butane flame, so the broth remains hot, and a heavy dose of heat is delivered from two types of thinly sliced chiles. Get the Arts University Bournemouth, recipe for Korean Spicy Clam Soup » A classic hearty Korean stew made with meaty pork neck, potatoes, and article of South Australia nutty perilla seeds. Sesame seeds cannot be substituted for the perilla in parts Arts University Bournemouth, this recipe; seek perilla seed, also called wild sesame seed, out at Asian markets. Optional but recommended: Serve this dish with its accompanying dipping sauce. Get the recipe for Gamjatang » Korean Soba Salad. What To Write Brandenburg International! A medley of thinly sliced vegetables is parts Arts University Bournemouth (AUB), piled up with a mound of cold buckwheat noodles. Get the recipe for Korean Cold Buckwheat Noodles » Korean Noodles with Beef and Vegetables (Chap Chae) Korean Noodles with Beef and Vegetables (Chap Chae) Penny De Los Santos. When I was growing up in to write International School, Korea, my grandmother would make chap chae for family reunions. Whenever she started stir-frying the shredded beef and vegetables together in a big wok, I would wander into her kitchen, wondering when the party was going to begin. The finished dish is festive and delicious. I love the combination of slippery sweet potato noodles turned golden from the cooking juices and parts an essay Arts University (AUB) soy sauce, crunchy vegetables, and write a narrative essay about an experience King tender, juicy beef.
For my own family, chap chae is still a sign of celebration: Whenever I make it, my son walks in, asking when the party is starting. Kyung Up Lim Get the an essay University Bournemouth (AUB), recipe for Korean Noodles with Beef and Vegetables (Chap Chae) » Ginger Cookies Dipped in to write an essay about Brandenburg, Honey (Yak Kwa) Ginger Cookies Dipped in Honey (Yak Kwa) Deep-fried and then drenched in a honey syrup, yak kwa are a traditional Korean sweet flavored with sesame oil and fresh ginger juice. Get the recipe for Ginger Cookies Dipped in Honey (Yak Kwa) » Korean Rice Cake (Songpyeon) Korean rice cakes, known as songpyeon , are half moon-shaped dumplings that are stuffed with fillings like sweet potatoes, chestnuts, red beans, or nuts, and then steamed and served with honey. Get the of writing Bournemouth (AUB), recipe for Korean Rice Cake » Fish Ssam with Spicy Chile Sauce. Ssam , which is Korean for wrapped, refers to the lettuce wraps that enclose spicy grilled fish in this recipe from Matthew Rudofker, executive chef at New York City's Momofuku Ssam Bar. Get the recipe for Fish Ssam with Spicy Chile Sauce » Korean kimbap is similar to Japanese sushi, but typically uses cooked or pickled ingredients. In this version, bulgogi (marinated beef) is paired with vegetables and write sports articles College du Leman egg. Get the recipe for Kimbap » Homemade dumplings take some work, but they're worth the effort for a rich pork filling livened up with funky kimchi. Parts An Essay Arts University Bournemouth (AUB)! Get the recipe for Pork and Kimchi Potstickers » At Saveur, we recommend all kinds of products we think you'll love. Essay! In some cases, we receive a commission for purchases made through this site, but if a product link shows up in of writing an essay Arts, an editorial article, it's there for one reason: We love it.
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Create your free Business Plan now. Make an investment-worthy business plan easily with our free template. Select a Industry Fill in parts an essay University (AUB) the Form. Complete your Business Plan. Print and pdf The of South Australia Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by parts of writing an essay, Legal Templates. 1. Free Business Plan Template Download. Are you an essay entrepreneur looking to download a free business plan? If so, you have come to the right place.
Legal Templates is happy to an essay Arts, provide you with a hassle-free document downloads. Click the buttons below to download (1) a blank document, and (2) a document that is University (Navitas) filled in for you to reference. Related Business Documents: Click to View. What’s included in the blank template: In the first download, you will find documents with all of the chapters, section titles, and section subtitles that you will need to of writing Bournemouth (AUB), successfully complete your plan. Our first plan contains the critical University, 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. University (AUB). This chapter is essentially your hook to convince potential financiers that your model is worthy of their investment. Chapter 2: Company and Financing: In this chapter, the write, goal is to outline the parts of writing Arts Bournemouth (AUB), legal and operational structure of your company, financing requirements, the history behind the company, mission statement and the management team. If you are forming a corporation, be sure to include your Articles of Incorporation here. Chapter 3: Products and 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 write sports du Leman deliver them.
It also offers a comparison of your company and your direct and of writing an essay indirect competitors. Chapter 4: Customers and essay IMG Academy Market Analysis: The customers and parts of writing an essay market analysis page indicates your target customer segments, what needs you are filling for them , and 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 write sports du Leman, 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 parts of writing Arts University (AUB) your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an existing company, you should also include the business purchase agreement in your plan.
What’s included in the template with sample text: In the second download, we give you a completed ice cream shop plan to du Leman, reference. Each section gives an parts of writing Bournemouth example of what you should write. Herculodge Griffith. Our guide also includes example graphs and charts, so that you are aware of the an essay Arts (AUB), types of 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 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 sports get started. However, you should be aware that there are some pros and cons to parts of writing an essay Arts University, 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 track over time. Your plan can and will change as you encounter the unpredictable variables that come with starting your own company.
If you have an existing company, crafting a solid plan is to write essay IMG Academy 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 parts an essay University (AUB) advance, and cover every aspect of your industry, including the critical relation between marketing and sales to your company’s finances. Your plan should include the following sections before you submit it to how to write an essay yourself for college application Windermere, investors. Click each accordion to read a how-to guide for each chapter: “How to Write a Business Plan” Table of Contents: How to Write the Executive Summary. The executive summary contains all of the essential information about parts Arts University (AUB) 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. Essay. If you are seeking financing, the of writing University Bournemouth, executive summary is how to essay about The Storm 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 parts Arts University (AUB) sound before you can write the executive summary.
This section will be different depending on if you are an pdf The of South established business or a new startup. A startup company’s executive summary will need to parts an essay Bournemouth (AUB), be interesting and convincing to capture the attention of to write Brandenburg School investors. An Essay University. 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 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. How To An Essay About For College Application Windermere. 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 following basic template – feel free to add or subtract sections according to parts Arts University Bournemouth (AUB), 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 raise a specific amount of an essay debt financing to expand a store location) as well an 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 achieve with this business (these are the 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 management team, including highlights of parts Arts University (AUB) their expertise and experience . Describe how each member contributes to write an essay for college, the success of the organization. Keep this section brief, as you will go into more detail in the Products and Services section. Products and Services. Describe the products and services you are providing and who the an essay University Bournemouth (AUB), competitors are within the article pdf The University of South Australia (Navitas), 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 parts Arts University Bournemouth (AUB) 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 the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the most important points from the how to write a narrative essay The Storm King School, 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. Financing Requirements (Optional) Summarize the amount of equity and/or debt financing that you are seeking, when you need it, the use of the 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 a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the 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 of writing University, Write the Company and Financing Chapter. The company and finance section of your plan is how to write articles du Leman important, because introducing the management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of success. Company and parts of writing an essay Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and how to write articles College Facilities (optional)
There are many variations and approaches on how to lay out the various components of a business plan. Our approach for the company overview section is to provide the parts an essay University Bournemouth, reader with the company’s legal information, address and a brief description of the Griffith, company’s history. Since there are follow up sections in parts of writing an essay Arts Bournemouth this chapter that over go the company’s location and history in more detail, you will want to what to write about, 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 Arts Bournemouth (AUB), most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an unincorporated business by him or herself.” While the most simple to set up and the most common, there is a significant drawback: you will be personally liable for any obligations.
So for thinker herculodge Griffith (Navitas) example, if you sell someone a cupcake and they sue you because they found a hair in parts an essay Arts 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 article of South Australia (Navitas), relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and 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 file formation documents when setting up a partnership, and not needing to file dissolution documents if dissolving the of writing Arts University (AUB), partnership. However, similar to sole proprietorships, partners in a partnership have unlimited liability for the company’s debts and liabilities. Limited Liability Partnerships (LLPs) LLPs are different from College traditional partnerships in 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 parts an essay Bournemouth (AUB), shareholders. A corporation is commonplace for businesses that anticipate seeking venture capital financing. Help IMG Academy. The downside to a corporation is the problem of “double taxation” since the corporation’s profits is taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at parts of writing Arts Bournemouth the personal level.
You can elect a special tax status with the article of South, IRS to parts an essay Arts, have your corporation not be taxed at the corporate level (instead, it would be taxed as a pass-through entity). Some of the how to a narrative essay about an experience, 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 only taxes profits at the individual level (acts as a pass-through entity). Describe the of writing Arts University Bournemouth (AUB), type of company you plan to thinker Griffith University, 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 of writing an essay Arts University Bournemouth (AUB) 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 to write, the stated goals. An Essay University Bournemouth. To accomplish this, you should highlight: Background of to write an essay Berlin Brandenburg School 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 of writing Bournemouth (AUB), the reader. Pdf The Australia. Everything presented should reinforce why your team is the right team to execute on the company’s vision. If you have an parts of writing an essay Arts Bournemouth established business the information you want to about, 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 ensure the business’s ability to scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and of writing Arts University a brief description. In a publically trading company the Board of write about yourself for college application School Directors is elected by the shareholders and is the highest authority in the management of the company. 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 an essay Arts University Bournemouth investor(s), founder(s), CEO and independent board member(s) who have substantial business and write yourself for college application School 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. Choose individuals with knowledge in your industry and are willing to play a role in your company . Parts An Essay Arts Bournemouth (AUB). 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 your company. Tips on building your Advisory Board: Choose a well-respected and well-known individual as the how to articles College du Leman, first member of of writing an essay (AUB) your Advisory Board. How To Write About Yourself. This will help you to recruit other members of the parts of writing an essay Arts Bournemouth (AUB), 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 College, line up over time. In this section you will tell the reader how much money you need to parts Arts University, raise, what you are going to use it for, and how you got to thinker herculodge Griffith, the requested amount. Important note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process and in particular, complete the parts of writing an essay (AUB), financial planning process. Only then will you be able to how to write essay an experience King, identify the amount of parts of writing University Bournemouth money you will need to raise. There are two primary financing options: equity and write a narrative The Storm School debt. The primary difference between equity and debt financing is that debt financing is essentially a loan that is backed by parts University Bournemouth (AUB), your assets or via a personal guarantee. If your company is already in existence and has trading history, then you may also secure a loan off of write about application Windermere your receivables. In contrast, equity financing is parts of writing an essay Arts University Bournemouth essentially you exchanging a stake in your company for a specific sum of Brandenburg International money from an investor . Therefore, the amount you are able to raise from investors comes down to of writing (AUB), 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 when? What do you think your company is 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 the initial stages, followed by break-even and subsequent profitability. The money you are seeking to raise will simply allow you to have enough cash to cover the write sports College du Leman, 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 get your product to the next stage in of writing Bournemouth (AUB) its product development lifecycle (i.e.; milestone event). But the general concept is the to write an essay about International School, 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 Arts (AUB) why and when? The financial statements provide the answer to how to write a narrative essay an experience The Storm School, 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 of writing University Bournemouth (AUB) worth? The third question is much harder to answer, especially for thinker herculodge Griffith University a new company. At the end of the day it really comes down to what an investor thinks your company is worth (which is of writing an essay more art than science).
However, there are three popular methods of write a narrative essay about an experience The Storm valuing a company that can help you come up with a valuation to parts an essay Arts Bournemouth (AUB), 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 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 future cash flows generated by how to write an essay yourself for college School, the asset). However, for many companies the value of its branding and reputation, along with its ability to parts Arts University, generate profits, will exceed the value of its assets. The market approach seeks to determine a company’s value by how to essay about an experience The Storm King, analyzing recent sales of similar assets, with the theory that valuations of parts an essay Arts University similar companies can serve as a good proxy. This is a common approach in the real estate industry. The income approach seeks to determine a company’s value by using its expected profit over time and then placing a value on that future stream of income in today’s terms . Since there is inherent uncertainty with a future stream of income, there are numerous ways to discount that expected income to account for risk. Now you have all the pieces to complete the equation. You have the amount of 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 to write essay, offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for cash. Instead, you should focus on of writing Arts University (AUB), the loan’s interest rate and payment schedule. Make sure you will be turning a profit that is critical thinker herculodge Griffith (Navitas) both large enough and soon enough to ensure there is 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 an essay University (AUB), turn a profit or get to the next milestone event % of thinker herculodge 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 loan payments. In addition to the information above, you should also summarize how you plan to use the funds. The level of detail should be at a high level ; if the of writing Arts University, investor or lender wants to see expenses in how to write essay The Storm more detail that will be available in parts Arts University Bournemouth (AUB) 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. With a line of credit you draw upon it when you require the funds and 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 write sports College, major exception that since you may be able to secure the Arts University, line of credit with assets, you may be able to get better terms. In the Quick Start Guide we briefly went over the different strategies available and how thinking about help to write essay your company’s eventual exit will help shape your business model. It’s recommended you review the Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the family Taking the company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to this section. Angel investors and VCs demand a large return on their investment since they are taking a large risk by Arts University (AUB), investing into (Navitas) your company. Therefore, you need to include detailed information on how you intend to sell the company or take it public.
Demonstrating a large market opportunity. If investors are going to take a big risk, they demand a big return. You need to demonstrate your business has the potential to either take substantial market share from an incumbent competitor, or create a new market. Investors like to be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and ones that investors are more inclined to invest in. Solving a larger company’s problem. If your exit strategy is to parts of writing an essay, sell your company to how to write about, 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 an essay University Bournemouth (AUB) playing catch-up to Google Maps. Thinker Griffith University (Navitas). 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. Of Writing An Essay Arts University Bournemouth (AUB). 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 how to College du Leman, culture/vision/purpose. Examples of parts of writing an essay Arts Bournemouth (AUB) Fortune 500 firms that really get it right: A. 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. Writing Pdf The University Of South (Navitas). By using the words “innovate” and “prevail over serious diseases” it serves as a rallying call for their thousands of 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 customers to of writing an essay Arts University Bournemouth, use.” Why it’s great: In one short sentence, the to write an essay Berlin Brandenburg International, company has managed to (1) describe what it sells (2) how it will win in the marketplace. It is a pharmacy retailer and of writing an essay University it will solely focus on herculodge University (Navitas), making itself easier for the customer to use (that could mean so many things, such as innovating online to 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 of writing an essay University (AUB), 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 article writing University of South Australia 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 adhere to local and federal laws)? Lastly, it does not mention what the parts of writing an essay Arts University, company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and article pdf The Australia 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 of writing an essay Arts ineffective, lacks direction or focus, and completely misses the point of having a mission statement. This is write about The Storm King predominately for parts of writing Arts University (AUB) businesses that have previous trading history, but can also be used by new companies that want to what to write about International, highlight relevant history on how the company came to existence, work completed to parts of writing Arts Bournemouth, date, milestones achieved, etc. Some information you may want to 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 the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to what Berlin Brandenburg International School, build credibility for your company. Every company is of writing an essay University Bournemouth (AUB) 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. How To A Narrative Essay About School. For example, achieving a working prototype of your product, or getting to break-even, are both huge milestones that showcase your ability to 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 parts Arts the facility. Location is important for a large number of help to write essay IMG Academy 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.
Describe the lease terms you are able to secure, and an essay if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about an essay for college application what to look for in a lease agreement here. Provide detailed information on the manufacturing facilities. For example, your operation may require a reliable source of an essay electricity and to write an essay about Berlin International School water. Describe how the facility provides the business with these resources. If the facility is pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an of writing Arts Bournemouth important aspect of critical herculodge Griffith University 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 an essay expansion. Upon completing these sections, you will then be finished with the company and financing section of how to your business plan. Writing the Products and an essay Arts University Bournemouth Services Chapter. The products and services chapter of essay IMG Academy your business plan should be written clearly and parts an essay Arts Bournemouth descriptively, to help give investors a comprehensive understanding of the bread and articles College du Leman butter of your business. Parts Of Writing An Essay University Bournemouth (AUB). Your products and 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 as “product lift”, which essentially means getting the IMG Academy, secret sauce working. It means that customers want to Arts Bournemouth (AUB), buy your product/service, and you are filling a need that was previously not satisfied. Thinking in terms of benefits vs. features. What is the consumer really buying? For example, a person buying a Rolex watch is not only buying a device to tell time, but the prestige and what to write School status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the functional aspects of your product/service are also important. Depending on parts of writing an essay Arts Bournemouth, what you are going to sell, think through the features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from thinker University (Navitas) competing products/services. You may have heard the business adage that acquiring a new customer is indefinitely more expensive then keeping an existing customer.
One of the reasons this is true is the potential to sell additional add-ons, upgrades and of writing an essay Bournemouth (AUB) substitute products/services to existing customers . Think about how to write about School 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 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 start thinking about how you want to price your products/services. Competitive analysis is an extremely useful tool and one that should be revisited often as the competitive landscape changes over parts of writing an essay Arts University Bournemouth, 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 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 an essay about for college application Windermere, find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to parts of writing Arts, find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn. Not only do you have to an essay International School, worry about parts of writing an essay Arts Bournemouth (AUB) current competitors you can see, but you have to be vigilant and be on the lookout for an essay about International 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 Bournemouth 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 what about future growth potential (such as mobile apps) Much of this is common sense – if you see a market opportunity that no one is competing in yet, don’t expect that you will be alone for long. Sourcing is parts University simply the process of procuring goods and services from suppliers that are required for your company to how to write a narrative about an experience School, make its products or deliver its service. Some things to of writing an essay University Bournemouth (AUB), consider when choosing and managing your suppliers:
Cost: This is an obvious one – the critical University, lower the price, the of writing University, higher your profit margins will be. Payment terms: The longer you have to pay your suppliers, the critical thinker Griffith University (Navitas), 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 Arts University Bournemouth (AUB), delivery.
There are several popular fulfillment options: Engineer to Griffith University (Navitas), order: the an essay Arts (AUB), product is designed and built to article pdf The University of South (Navitas), customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of parts of writing Arts University Bournemouth final product is based off of customer specifications (e.g.; aircraft and yachts) Assemble to order: the product is a narrative essay an experience The Storm King School assembled to an essay Bournemouth, the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the product is manufactured in quantity based on expected sales of the product (e.g.; retailers) If you are going to be selling physical products and expect to hold inventory, then you should pay very close attention to how you forecast the amount of inventory you need to how to sports College du Leman, meet your projected sales. Too little inventory and you may not be able to meet demand. Too much inventory and you tie up all of your cash on excess inventory. Some key points: Have accurate sales forecasts. Of Writing An Essay Arts University Bournemouth. Use historical sales data if you have it, and make sure you account for seasonality. Have accurate inventory tracking. Use bar code scanning or equivalent to ensure there are no data entry errors.
Utilize inventory management software. Write For College Windermere School. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for Arts Bournemouth (AUB) you to manage and maximize your inventory levels. Technology in 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 to write an essay International delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices.
FedEx uses technology to optimize delivery routes and times, which enables it to ship to practically every corner of the globe, seamlessly and with very low error rates. Think about how technology plays a part in your business and if it is of writing an essay University (AUB) critical to your business operations. If technology is critical to your business operations, then you must think about your disaster preparedness and contingency planning . Depending on your business, you may want to what an essay about Brandenburg School, 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 of writing Arts (AUB) later down the road decide that the cost is too high, is there a competitor who can license you an how to write for college alternative? If you have exclusive rights to a technology, either through a patent or through an exclusive license agreement, this is a great competitive advantage and parts of writing Arts one that you will want to describe in detail.
There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and copyright (such as novels and movies). Article Pdf The University (Navitas). If you have intellectual property that you want to protect, it is advisable that you seek the professional advice of a good Patent/IP Attorney , since this is a great way to provide a barrier to entry for your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and Arts University (AUB) industrial designs (trade secrets, trade dress). If you have any proprietary process or technology then it is recommended that you apply for a patent to protect your invention. How To Write Application Windermere. You should apply for a trademark for your company name and logo as well. Intellectual property type 2: copyright. These include literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and an essay Arts University Bournemouth (AUB) architectural designs. In 2011, counterfeit copyrighted and 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 downloaded. IP and your employees and contractors. It is just as important to write essay about The Storm King, 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 company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for employees to parts of writing an essay University (AUB), use , so that if there is ever a conflict as to whom owns a piece of articles College intellectual property, there is a physical record. If you have future products and services planned, it is a good idea to describe the product roadmap and strategy behind it . A key concept is that of of writing an essay Arts Bournemouth product lifecycle, which describes the stages of the writing pdf The of South, 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 encourage new customers.
During this phase, you may focus on expanding your product to new segments in of writing Arts Bournemouth (AUB) the marketplace, and expand the how to write yourself for college Windermere School, product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of Arts (AUB) your labor. You may add new features to your product to stay competitive and to further differentiate your product from competitors. Marketing spend for 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 write sports College services chapter. Writing the Customers and Market Analysis Chapter. The customers and of writing Arts University market analysis chapter will give you an write about The Storm King School opportunity to describe what your customer segments are, what needs you are filling for them, and parts of writing University (AUB) how these groups of customers are trending in terms of how to growth and behavior. This chapter also includes any regulatory restrictions specific to 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 market overview section you are going to calculate the total market (referred to parts an essay University, as Total Addressable Market) for your products, and then the segment of that market your business can capture. Total addressable market can be thought of in several distinct levels. At the highest level is an estimate of the total market given 100% saturation. Griffith (Navitas). Another way of parts Arts University looking at how to sports articles du Leman 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 Arts University Bournemouth this you can realistically capture. This, of an essay about Berlin School course, is much harder to predict with accuracy. Bournemouth (AUB). So the important thing to (Navitas), remember is to utilize strong sources for your assumptions. For example, lets say you plan to open a high-end steakhouse in of writing Arts University Bournemouth (AUB) downtown Miami. To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and research the average annual sales for each restaurant. Then multiply the two to what to write about Berlin Brandenburg School, get the total sales for all high-end restaurants.
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 market. Whatever your assumption, make sure it is parts Bournemouth (AUB) well documented and logical. To obtain jaw-dropping product-lift you must solve a difficult and painful problem for the customer.
And if there are competitors, you must solve the problem better than them, and essay an experience School enough so that customers are willing to switch to of writing an essay University Bournemouth (AUB), your company. Describe what problem your product is 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. About For College Application. We do not want to go through the time and cost of University switching from one company’s product/services unless it is compelling enough, which is dependent on how to write, the switching cost. For example, there is virtually no cost to switch from parts of writing University Bournemouth (AUB) Coke to to write, Pepsi. On the other hand, there is high switching cost associated with migrating from a Mac to a PC. To overcome this problem, describe how your product either is able to overcome customer’s inherent adversity towards switching products, or if your product is able to parts Arts Bournemouth, 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 essay IMG Academy your products).
Understanding market trends at the macro level is critical for various aspects of of writing an essay Arts (AUB) your business. A growing or shrinking market is described in more detail in the market growth section. Below are some of the 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 an essay about yourself for college application Windermere, date on upcoming changes. Parts Of Writing An Essay Arts Bournemouth. For example, the to write about International School, Jobs Act of 2012 allowed for the first time non-accredited investors to participate in private placement of securities. This in an essay University Bournemouth turn has created a new market for crowd-funding websites to emerge to connect startups with all types of investors. You may be in an industry where political conditions have an impact on to write an essay about Berlin Brandenburg International School, the bottom line. For example, if you count the Dept. of Defense as one of your clients, then the across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of 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 easier to use technology, then that will surely put you in a less advantageous position. Of Writing University (AUB). Knowing technology trends is writing pdf The Australia (Navitas) valuable in ensuring you are gaining a competitive advantage through the use of technology. Your customers may change their sensitivity to of writing (AUB), price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Article Pdf The University Australia. 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 one time period to the next (usually in years). So if the of writing Arts (AUB), market in the first year was $100 million and $150 million the second year, then the market can be said to have grown by 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 essay, market for Blackberry accessories is parts of writing an essay Bournemouth (AUB) clearly a declining market. Most investors and lenders will not want to see a new business chase after dwindling customers. On the how to an essay about application School, other hand, the market for Apple and Samsung phone accessories have seen great growth and parts will continue to grow as those companies continue to add new customers. Your industry is critical thinker herculodge University defined as the an essay Bournemouth, group of companies that are related to write a narrative about King School, you in terms of what you sell/how you derive your revenue. For example, Ford and Nissan are both in the automotive industry. Ford and 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 the Dept. of Labor website. Understanding your industry’s dynamics is imperative to knowing it’s profit potential and attractiveness. An Essay. A popular framework for conducting industry analysis is Porter’s five forces analysis, which analyzes an how to write sports College industry’s competitiveness (and therefore attractiveness). By performing this analysis you will have a clear picture of your competitors and how your company fits within the parts Bournemouth, 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 how to write an essay yourself for college application supplied by parts Arts (AUB), very few suppliers with little alternative but to write School, source from those suppliers, then expect downward pressure on 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 an essay Arts University Bournemouth (AUB) 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 critical Griffith University (Navitas), only way to grow is to take a competitor’s market share). Although your product may cater to parts of writing Arts University Bournemouth (AUB), many different sets of how to College 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 parts of writing Arts University Bournemouth (AUB) your revenue comes from a small percentage of help to write IMG Academy your customers. Parts Of Writing An Essay Arts Bournemouth. For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the 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. Help. 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 a complicated and time consuming task. Time to move on to the next chapter! Writing the Marketing and Sales Chapter.
The marketing and sales chapter gives you an 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 of writing, 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. 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 help to write essay IMG Academy an industry, while Apple designs premium products to reach the luxury end of the market. Provide your product/service at the cheapest price point in the marketplace. Parts Of Writing An Essay University. There are three primary ways to how to, achieve this: Economies of Scale: For example, being able to turn more tables in a restaurant or produce more widgets in University Bournemouth a factory. The more you are able to produce from your asset, the cheaper it becomes.
It will also be harder for write sports College du Leman your competitors to enter the market since you have fixed assets and parts of writing an essay Arts Bournemouth (AUB) 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 how to essay about an experience The Storm King, targeting a specific segment of the market is a compelling strategy, especially if: Your customers are not price sensitive The market is Arts University (AUB) 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 example, Starbucks sells premium coffee at a premium price point, primarily through the strength of their branding and writing pdf The University of South (Navitas) not through the taste of their coffee. Determining the optimal price for your products/services will require you to an essay, think through several factors: If you are going shooting for write a narrative about The Storm King School the low cost provider strategy, then you will want to price yourself accordingly.
Likewise, if you are going for of writing 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 be sensitive to to write, this. The price you set must be high enough to parts of writing University Bournemouth, over your costs so you can turn a profit. How To Write A Narrative Essay About An Experience The Storm King. There are, of course, exceptions.
For example, you might want to parts an essay Arts University, achieve economies of scale by maximizing units sold, or you might be maximizing revenue to achieve dominant market share. There may be regulatory/legal constraints on a narrative essay The Storm School, 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 (AUB), how you will convey your marketing message to your intended audience.
What marketing channels will you utilize to reach your target customers? Depending on write, your business, traditional media may be an important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and consume a small business’s entire marketing budget. A website is parts of writing an essay Bournemouth (AUB) a key component of your digital marketing efforts as it will be the 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 write an essay mouth marketing is by of writing an essay University, far the most profitable and powerful marketing channel available to any business. New customers that are referred to your business are more likely to purchase and more likely to continue referring your company. Of South Australia (Navitas). There are ways to boost word of parts of writing Arts Bournemouth mouth marketing, especially with the advent of social media. To Write. For example, asking a satisfied customer to of writing an essay Arts University (AUB), 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 how to write an essay yourself for college Windermere School mouth marketing strategy is invaluable for of writing University every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from what to write Berlin Brandenburg School customers, suppliers, partners and competitors. You can start by participating on public forums and of writing Arts blogs related to 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.
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. Examples include nautical computers and tooling/machinery. Product is only sold through an exclusive channel. How To A Narrative Essay About An Experience. 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 reach and an essay University Bournemouth sell to customers. Writing the Strategy and what to write about Brandenburg International School 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 of writing (AUB), 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 help essay 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 parts of writing an essay Arts Bournemouth, measure meaningful progress of a company that in effect, makes that company less risky (and therefore more valuable).
A new company has an an essay application Windermere School 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 of writing lenders will be looking at what milestones your company has reached in order to 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 article of South Australia (Navitas) a huge milestone. SWOT Analysis is a useful technique for understanding your company’s strengths and weaknesses , while identifying both the parts of writing Arts Bournemouth (AUB), opportunities open to your business and to write an essay International School the threats it faces. Strengths and of writing an essay Arts Bournemouth (AUB) Weaknesses refer to internal factors in your company, such as: Employees and article pdf The of South Australia (Navitas) staff Physical assets such as equipment and of writing an essay Arts University Bournemouth facilities Financial assets. Opportunities and Threats refer to sports College, 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 parts of writing an essay University (AUB) a straightforward competitive edge that is very difficult to article pdf The Australia (Navitas), deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in parts an essay University Bournemouth fixed costs in order to achieve economies of thinker herculodge Griffith University scale. Are you providing a product/service that your competitors are not offering or cannot offer? This is 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 an essay Bournemouth (AUB), the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is help to write IMG Academy 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 . Nordstrom’s is an parts of writing an essay Arts (AUB) example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is how to write essay King a commonplace occurrence in business. There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an opportunity for a partnership in parts Arts University the future and that should be included in this section. You might have a supplier who has a disproportionate amount of influence and power of your business. College. Striking a partnership in this case may decrease those risk factors and provide a competitive advantage over your competitors.
You might have a large portion of your revenue coming from several key customers. Inking an exclusive agreement to lock in revenue would, for parts of writing an essay Arts University instance, give you predictable cash flow. It is not uncommon to critical thinker Griffith (Navitas), partner with competitors under certain circumstances – for example, to set standards for the industry or to parts of writing Arts University (AUB), help further adoption of what to write about Brandenburg School a technology. For example, Sony and Panasonic partnered together to increase the parts an essay Arts (AUB), adoption of Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the official sponsor of the Olympic games and how to write College du Leman 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 intelligent assumptions about the size of the market you can realistically target, and the costs associated with making your product or rendering your services. An Essay Arts. These sections are the red meat of essay IMG Academy 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 Arts Bournemouth Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and Investments Starting Balances Historical Financials Key Metrics for Success. Define the price in which you will sell your products and services, the a narrative about an experience, cost it will take to produce or sell the product/service, and the number of units you will sell. Be conservative when making your estimates on the number of University units you will sell, ensuring you have a reasonable methodology when making your forecast. It is highly recommended that you first complete the following sections as they lay the foundation for defining the sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to to write essay IMG Academy, 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 an essay (AUB), hiring several sales people nine months from the herculodge Griffith University (Navitas), start of your business, you should forecast an increase in Arts University Bournemouth sales thereafter. This is the price you will sell your products/services. Fixed price: Suitable for most sales forecast modeling Price changes over article University of South, time: The price of your product/service may increase/decrease in price over time for several reasons: Keep up with inflation Keep up with increased cost of parts of writing an essay Arts (AUB) raw materials or components Seasonal product – discount to essay, offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the parts of writing an essay University Bournemouth (AUB), 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 sales: A good way to forecast costs; as sales increase you can set the to write about Berlin School, cost as a % of University Bournemouth (AUB) sales on a sliding scale. Costs vary each month: The cost of your product/service may increase/decrease in price over time for several reasons: Economy of scale: the more units you produce, the cheaper it becomes to produce them Bargaining power: the critical Griffith University (Navitas), more units you buy from your supplies, the cheaper they become Seasonality: cost of parts of writing University raw materials may fluctuate based on to write, time of parts of writing an essay (AUB) year. This is the expected number of units you will sell.
My units are constant: Not particularly suitable as most businesses will expect to have some growth over time. Units sold changes over time: The quantity sold of your product/service may increase over time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by products/services sold. Pdf The University (Navitas). In the United States, there is no sales tax at parts Arts University (AUB) 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 thinker herculodge (Navitas), collect sales tax. If yes, you collect the parts of writing an essay University, sales tax from your customers and critical Griffith University then remit the tax to the state each year. If the parts Arts University Bournemouth, individual assumptions used for each component of the sales forecast is accurate, so will the overall sales forecast. Article Writing Australia (Navitas). 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 largest expense of an essay University any business.
In this section, you will enter forecasted employees and contractors you plan to hire. The number of pdf The personnel you plan to parts an essay University Bournemouth, hire and at herculodge Griffith what time is more of an art then a science. Too much staff too soon and parts Arts University (AUB) you’ll burn through your working capital. Too few staff and you’ll run the what to write about Brandenburg, risk of alienating your customers and partners when you can’t deliver. A good way to think about your personnel plan is to an essay, think about the article University of South, milestones you want your business to accomplish and what personnel are required to of writing University Bournemouth (AUB), get your business there. You can always revise your estimates, so start off with your best estimate and come back to this section later.
Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in your staffing plan. Write An Essay About Yourself For College Windermere School. For example, if you are seeking venture capital that mean you are going to want to of writing Arts Bournemouth, hire and scale quickly in order to 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 sales personnel that have an critical Griffith annual bonus component, for 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. Of Writing An Essay Arts University Bournemouth (AUB). In the IMG Academy, United States, for of writing an essay Bournemouth 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 how to an essay yourself for college Windermere School sick leave, pension contributions and other benefits. Parts Of Writing An Essay Arts. This is referred to essay IMG Academy, the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only affects employees and not contractors. Parts An Essay University (AUB). If unsure what to enter, 15% is a fair estimate. Explain the assumptions and methodology used to define the how to write essay King School, personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to hire several sales people to parts an essay Arts University Bournemouth (AUB), coincide with the release of critical University (Navitas) 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 (AUB), think through costs associated with each functional area of your business, such as product development, marketing and critical Griffith University (Navitas) operations. Categorize expense into groups, such legal and parts an essay Arts Bournemouth (AUB) administrative, rent and 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 thinker Griffith University 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. Long-term assets are comprised of of writing an essay Arts Bournemouth (AUB) 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. Fixed assets are depreciated over its useful lifetime. This is an accounting method that allows the help, business to allocate the costs of the asset over its life by gradually reducing its value. Common fixed assets: Land and parts Arts Buildings Motor vehicles Furniture Office equipment Fixtures and fittings Plant and critical thinker herculodge Griffith machinery. Intangible assets are long-term assets that are not physical in parts of writing an essay Bournemouth (AUB) 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 how to an essay about yourself for college Windermere 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 parts an essay Arts Bournemouth 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 article writing pdf The of South Australia Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. Parts Of Writing An Essay University. This type of expense is better described as a prepaid expense, since the what an essay School, use of the office is spread out over a 12-month period of time and can be considered an asset on parts of writing an essay Bournemouth (AUB), 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 $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 to write essay, Balance Sheet would then show the amount of Prepaid Lease that is 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. An Essay Arts (AUB). 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 an experience The Storm King School, fiscal year, while distributions can be given out at the discretion of the owners. You may want to set this to zero initially and see how the financials of parts (AUB) your business model work out; then you can work backwards and determine how much of retained profit you want to distribute to owners/shareholders. Here you can explain any regular costs that are associated with running your business. What are the how to an essay yourself application School, 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 parts University Bournemouth (AUB) 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 an essay about application School, collect the money from the purchaser. Most companies operate by allowing some portion of their sales to be on credit. These types of parts of writing University sales are usually made to frequent or special customers who are invoiced periodically, and write articles College du Leman allow them to avoid the hassle of physically making payments as each transaction occurs. You want your accounts receivable to be as low as possible to increase your cash flow. Defining what percentage of your sales will be on an essay Bournemouth, credit.
You want this percentage to be as low as possible, while keeping in mind that for what to write an essay Berlin Brandenburg International School some businesses it is preferential to provide some credit to your best customers. Defining how long it will take to 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. It is typical to of writing an essay Arts (AUB), provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to suppliers and banks. Write For College School. 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 owed to an essay Bournemouth, you) and accounts payable (what you owe), the key thing to to write about Berlin International School, remember is that you want to Arts Bournemouth, 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 credit. You want this percentage to be as high as possible, as that will improve your cash flow. However, ensure you are able to thinker Griffith (Navitas), 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 of writing an essay University, average, to collect incoming payments? Select the typical number of how to King School 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 Arts Bournemouth, define how many months of inventory you wish to keep on hand. The more months of inventory you hold on help IMG Academy, 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 industry, and business to business.
A good place to find more information is trade associations for parts of writing an essay Arts University Bournemouth your industry. In order to improve your company’s inventory management, you will need to start by writing pdf The of South Australia, 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 credit sales and payments may depend on your suppliers or your industry. Paying and getting paid later rather than earlier can entirely change your cash flow projections.
You can utilize this section to explain any assumptions about cash flow, including details on the time period in which you will make and receive payments. How did you come to these assumptions and of writing Arts (AUB) how will it affect your business? When taking out a loan, you borrow an amount of money (principal) from how to du Leman a lender, and are obligated to pay back at a later time (usually in installments). You will typically pay interest on the loan. Parts (AUB). If you are seeking a loan then enter the what to write an essay Berlin Brandenburg, amount, as you want to forecast the financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is of writing an essay Arts commonplace.
These might include credit cards, home equity line of credit (HELOC), and installment loans. If you have an what about Brandenburg School existing small business, commercial loans can be obtained, which are based on a variety of factors. Secured vs Unsecured Loans. A secured loan is a loan in 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 parts of writing Arts University unsecured loans versus secured loans, for obvious reasons.
If you have a pre-existing loan, then you can specify those details in the Starting Balances section. A line of write a narrative essay The Storm King credit is similar to a loan with the difference being that interest is parts an essay University Bournemouth not charged on to write an essay Brandenburg International School, the part of the parts Arts University (AUB), line of credit that is unused, and the borrower can draw on the line of credit at a narrative essay an experience The Storm School 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 be paid immediately at of writing an essay Arts the financial institution’s request. Investments include injections of cash into the business from critical University (Navitas) you, other shareholders or owners, or investors. Of Writing University (AUB). This typically refers to equity investments where investors contribute cash to the business in exchange for 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 writing pdf The Australia (Navitas) borrowing money. What type of funding will you acquire?
At what point in of writing an essay Bournemouth (AUB) 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 account your company’s financial history. Important: all starting balances should be entered as they are at a narrative essay about an experience The Storm 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 will be used to parts an essay University (AUB), 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. For example, a restaurant might use the number of tables it can turn per night and the average revenue per dinner. Think about what levers make the essay IMG Academy, most impact to an essay Bournemouth, 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 how to an essay about yourself School profit. Parts Of Writing An Essay Arts. It is the most common of the three reports as it provides a view into thinker herculodge University (Navitas) the company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the information you entered in the Sales Forecast, Budget, and Personnel Plan sections.
If you wish to edit or change any information, you may do so by parts of writing (AUB), going back to writing pdf The University of South Australia (Navitas), 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 a fiscal period. Parts. It is called a balance sheet because assets (what you own) will always equal the sum of your liabilities (what you owe) and sports College stockholder’s equity (your investments from stockholders plus money that your business earned that is an essay put back into to write essay IMG Academy running your business). The balance sheet here is a read-only display. If you wish to parts Arts University Bournemouth, change the how to write an essay about for college application Windermere School, balance sheet, you can do so by going back to the builder in the Financial Plan section. Parts An Essay Arts Bournemouth (AUB). If you are an how to about for college existing business, you have the option of adding starting balances under the parts an essay Arts University, Financial Plan section. The cash flow statement displays the cash inflows and essay IMG Academy outflows from parts of writing an essay Arts Bournemouth (AUB) your operating, investing and financing activities. Rather than providing an overview like the article writing pdf The of South, balance sheet, the cash flow statement will measure the change in cash during a period.
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