Business Planning Flashcards
What are the requirements of a business plan?
Executive summary
Description of business
Market the business will operate in
SWOT analysis
Management team and personnel
Products or services offered
Marketing
Financial plan
Types of business plans?
Start up
Internal
Strategic
Feasibility
Operations
Growth
Methods of financial benchmarking
Liquidity ratio
Efficiency ratio
Profitability ratio
What is working capital?
The amount of money available to meet current needs
What is stock?
A security that represents ownership of a fraction of the business. Also known as shares
What are debtors?
Money that is owed to the business
What are creditors?
Money that is borrowed for the business
What accounting techniques are there?
Management accounts
Financial accounting
Tax accounting
What techniques can you use to forecast?
Straight line
Moving average
Linear regression
Multiple linear regression
