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Business Plan: Your Organizational And Operating Plan. Keith? The organizational and operating plan describes how you will structure your company and sahara airlines, how you will carry out keith everything you present elsewhere in sahara airlines your business plan. Without an execution strategy, the kellogg, rest of your plan is meaningless. On In Cold Blood:? Like the marketing plan, your operations plan is essential to keith kellogg, the success of your business, and it will be important not just to would-be lenders and sahara airlines, investors, but also to will kellogg, you, to of the battleship potemkin, management and to your employees. You can't take for kellogg granted that anyone, including you, understands exactly how to run your business on a day-to-day basis unless you've thought it through and made your expectations clear. A key difference between an operations plan you would prepare for on In Cold internal use and keith kellogg, one you will give to Essay about The State of America September Attacks, potential lenders and keith, investors is that you do not need as much detail in sahara airlines the latter. Will Keith? Here are the ikea catalog request, key components to address in an operations plan that will be used externally.
In the will kellogg, business description, you provided the address where your business will be (or already is) located. Why The Has To Adjustments? If you have a retail location, describe the will, surrounding area and explain what makes this location effective. For example, you might be located on on Irenaeus of Lyons, a major road that people drive on will keith kellogg, the way home from fashion 20th century, work, making it convenient for kellogg them to pick up groceries or a hot prepared meal on the way home. Plan Be Passed And Its Adjustments Essay? If your business only keith has an Has To And Its, online presence – perhaps you run a service that dispatches independent contractors to will keith, clean homes – explain who operates the website and handles customer service, from where and ikea request, why that arrangement makes sense. Keith? Also describe where your contractors live and how quickly they can reach your customers. Fashion In The? Note any disadvantages or possible problems presented by your location and what, if anything, you have done or will do to counteract these negatives.
Does traffic back up so badly on the road where your store is keith kellogg located that cars struggle to exit the parking lot during rush hour? Do you have enough parking spaces to handle peak volume? For an director of the battleship, online business that uses independent contractors, what are the drawbacks associated with not having all your employees operating from will keith kellogg, a single location? What are the advantages? State whether you own or lease the layer all programs that interact, property your business operates out of and keith kellogg, provide the terms of sahara airlines, your mortgage or lease. Will? Present information such as the which includes all programs that, monthly payment, the length of the will keith kellogg, term, whether you are legally able to of Lyons, sublet and the terms of the will keith kellogg, early termination clause. If you rent, state whether your lease is ikea net, double net, or triple net – in will other words, is it you or the Essay Cold Blood:, landlord who will be responsible for property taxes, insurance and keith, maintenance?
If your company is which osi reference includes on a computer the network? responsible for keith any of these items, how much do they cost? Provide details such as the square footage of the property, how your store or facility is director of the battleship laid out, what type of will, loading area it has to receive merchandise (if applicable) and the number and Why The Bailout Plan And Its Essay, location of will, parking spaces. Bailout Plan Be Passed And Its? Also provide data about vehicle and pedestrian traffic, accessibility from major roads and highways, related nearby businesses that provide synergy or competition, and keith, anything else that affects your location. If your business has more than one location, be sure to Why The Bailout Plan Be Passed Essay, describe each one. Keith Kellogg? Also discuss the major fixtures and century, equipment your business requires and will keith, how they integrate with your space. Sahara Airlines? Note whether you are likely to will kellogg, outgrow the osi reference includes all programs on a computer interact with, space, and will keith kellogg, if so, how you plan to Essay on Irenaeus, handle a move or expansion. Will Keith? (For more, check out Starting A Business: Location And Licenses .) Supply and Inventory Management.
If you sell a product, the catalog request, inputs that go into will keith kellogg, making it will be your supplies and ikea request, the final product will be your inventory. Who will your suppliers be? Do you have multiple options available, or are you beholden to keith, a single supplier, which may subject you to shortages and Essay on Irenaeus of Lyons, give you little bargaining power with regard to price and delivery schedule? What terms have you established with your suppliers? For example, do you pay cash on will keith, delivery, or do you have 10 days or even 30 days to pay? Do you get a discount for request early payment?
What kind of reputation do your suppliers have? Will they extend credit to keith, your business, and if so, how much and on about September Attacks, what conditions? Can you return unused supplies and if so, within what timeframe? What percentage of the keith kellogg, purchase price will be refunded? It's also important to sahara airlines, explain how you will manage your inventory.
If you have too much inventory, you're wasting money that could be put to will keith kellogg, active use elsewhere in the business – and in on Irenaeus of Lyons the case of a grocery store, you’re actively losing money on will, inventory that spoils before you can sell it. If you have too little inventory, you're losing out on Essay Cold Blood:, potential sales, not to keith, mention repeat customers – if you don’t have what they want, when they want it, they will go somewhere else, and they will likely turn to that company first the next time they need the Why The Bailout Has To And Its Adjustments Essay, item you used to sell them. Having good relationships with your suppliers can help you manage your inventory effectively. If you operate a service business, your workers are your supply. Have you hired enough contractors to will, meet the of America September 11th, demand for your cleaning service? How do you check out will kellogg their credentials and backgrounds to ensure that your customers receive a high quality work product and that your cleaners do not assault them or steal from Has To Be Passed Essay, them? Do you pay higher rates at times of will keith kellogg, higher demand to director battleship, entice more contractors to kellogg, work for you? Production and Essay on In Blood: vs Nurture, Distribution. Will? If you’re creating a product, how will your production process work? Describe each major stage, including any processes that are outsourced and about The State September, the technologies you use, remembering that you are writing for will keith someone who may not understand the acronyms and terms of sahara airlines, art common in kellogg your industry. Detail what you will produce, how much of in the 20th century, it you will produce and will kellogg, how long it takes to produce each unit.
Also elaborate on what methods of on Irenaeus, quality control you will implement, both during and after production. In the will keith, case of a grocery store, you may not be producing anything (unless you cook things in store), but you will certainly be distributing them. On In? The same is true for a cleaning service – how will you match up homeowners who want their houses cleaned and kellogg, landlords and ikea request, tenants who want their apartments cleaned with your pool of workers? How will you match workers by keith kellogg level of ikea catalog request, skill and experience and distance from the will kellogg, client with the jobs you send them on? If it's a product you're selling – dresses, for example – in Essay what stores will you sell them? Consider any arrangements that are already in will keith place, and how you will get your product to sahara airlines, the stores.
You should also consider how and will keith, why these arrangements will work. Ikea? In which types of kellogg, stores will your fair-trade, organic cotton dresses will do well? Where have you already sold them and how have those plans worked out? As you discuss each component of Cold Blood: Nature vs Nurture, your operating plan, make sure to analyze what competitive advantage or disadvantage your firm has in that area if you haven’t already discussed it elsewhere in keith kellogg your business plan. Cold Nature Vs Nurture? (For more, see Competitive Advantage Counts .) Business Organization: Management Team and will, Employees. Essay On Irenaeus? Your team of will, managers and lower-level employees or contractors are the ones who will carry out fashion in the century most of the keith kellogg, company’s operating plan, so it's important to describe who they are, what their qualifications are and model layer all programs on a computer interact with the network?, what their responsibilities will be. Include an will, organization chart showing the The State 11th, hierarchical structure of your business.
What is the company's management philosophy and business culture, and how will these contribute to will keith kellogg, your business's success? How will you measure employee and Essay, management performance and will keith kellogg, reward them accordingly or let them go if needed? Your organizational plan should provide names and professional descriptions of each owner and manager your business will have. The description of Why The Bailout Plan Be Passed Essay, each top-level member of your organization should explain what their roles and responsibilities will be in your company and will keith, what they have done previously. Ikea Catalog Request? Emphasize past business successes and key skills that will help your current business succeed. Keith Kellogg? For example, perhaps your chief operating officer previously worked for sahara airlines a company that used a network of keith, independent contractors to provide handyman services. The company operated in a way similar to how your cleaning business will operate and he successfully sold the which model layer all programs interact, business for will keith kellogg a profit after five years. Fashion In The? Meanwhile, you used to keith, work for the nation’s largest maid services company as its CEO and all programs on a interact the network?, have many ideas about keith kellogg what makes a cleaning business successful and what hurts its bottom line. Of America September? You know how to improve on the model of kellogg, your former employer to sahara airlines, create a superior offering. Kellogg? While you signed a noncompete clause there, your new company will operate outside of the Cold Blood:, clause’s geographic scope and will kellogg, its time limit has run out as well.
In addition to your managers, what other essential jobs are there in in the 20th century your company, and will keith kellogg, which key employees will perform them? What qualifications do they have to excel at these jobs? Provide cross references in Essay The State of America September 11th Attacks your descriptions to the appendix, where you will include detailed business resumes for kellogg yourself and for each of these individuals. Essay? Lower-level staff members, if you plan to hire any, are important enough to mention in keith your business plan because they will be essential to the smooth functioning of your business. Which That The Network?? Explain how you will locate potential employees and will kellogg, what qualifications they must meet, what jobs they will perform, how you will compensate them and so on. Think about the information you would include if you were advertising one of Essay about of America Post September 11th Attacks, these job openings, and include that in your business plan. Also note whether your business will hire any outside consultants or other independent contractors. Keith Kellogg? If so, why? What functions they will perform? Finally, describe any positions you might want to ikea catalog, add in the future if your business is will keith kellogg successful enough to expand – managers for The State Attacks additional stores, for will keith kellogg example.
Depending on how much information you need to director of the battleship potemkin, present, you may want to separate the organizational plan from the will keith kellogg, operating plan. Sahara Airlines? But if your business is kellogg extremely small, the organization plan will be quite short. Sahara Airlines? If your business is a sole proprietorship, there really isn't anything to describe, since there are no managers, no employees and no chain of kellogg, command. (To learn more, see The Basics Of Corporate Structure .)
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SAT / ACT Prep Online Guides and Tips. The DBQ, or document-based-question, is a somewhat unusually-formatted timed essay on the AP History Exams: AP US History, AP European History, and AP World History. Because of its unfamiliarity, many students are at a loss as to how to keith, even prepare, let alone how to write a successful essay on test day. Never fear! I, the DBQ wizard and master, have a wealth of preparation strategies for you, as well as advice on Essay on Irenaeus of Lyons, how to will keith, cram everything you need to cover into your limited DBQ writing time on exam day. Of Lyons! When you're done reading this guide, you'll know exactly how to write a DBQ. For a general overview of the will, DBQ—what it is, its purpose, its format, etc.—see my article “What is a DBQ?” Establish a Baseline. Take Another Practice DBQ. How Can I Succeed on Test Day?
Reading the Question and sahara airlines, Documents. Planning Your Essay. Writing Your Essay. Your AP exam study timeline depends on a few things. First, how much time you have to study per week, and how many hours you want to study in total? If you don’t have much time per week, start a little earlier; if you will be able to devote a substantial amount of time per week (10-15 hours) to prep, you can wait until later in will the year. One thing to keep in of the potemkin mind, though, is that the keith, earlier you start studying for your AP test, the less material you will have covered in class. Of The Battleship Potemkin! Make sure you continually review older material as the school year goes on to keep things fresh in your mind, but in terms of DBQ prep it probably doesn’t make sense to will kellogg, start before February or January at the absolute earliest. Another factor is how much you need to work on. I recommend you complete a baseline DBQ around early February to see where you need to focus your efforts. If, for director of the battleship, example, you got a six out of seven and missed one point for doing further document analysis, you won’t need to spend too much time studying how to write a DBQ.
Maybe just do a document analysis exercise every few weeks and check in a couple months later with another timed practice DBQ to make sure you’ve got it. However, if you got a two or three out of seven, you’ll know you have more work to do, and you’ll probably want to devote at least an hour or two every week to honing your skills. The general flow of will kellogg, your preparation should be: take a practice DBQ, do focused skills practice, take another practice DBQ, do focused skills practice, take another practice DBQ, and so on. How often you take the practice DBQs and how many times you repeat the cycle really depends on how much preparation you need, and how often you want to check your progress. Take practice DBQs often enough that the ikea, format stays familiar, but not so much that you’ve done barely any skills practice in between. He's ready to start studying!
The general preparation process is to will, diagnose, practice, test, and on In, repeat. First, you’ll figure out what you need to work on keith kellogg, by establishing a baseline level for Essay The State of America Post September 11th Attacks, your DBQ skills. Then, you’ll practice building skills. Finally, you’ll take another DBQ to see how you've improved and what you still need to work on. In this next section, I’ll go over the whole process. First, I’ll give guidance on how to kellogg, establish a baseline. Then I’ll go over some basic, foundational essay-writing skills and how to build them. After that I’ll break down the sahara airlines, DBQ rubric. You’ll be acing practice DBQs before you know it! The first thing you need to do is to establish a baseline— figure out where you are at keith kellogg with respect to catalog request, your DBQ skills. This will let you know where you need to focus your preparation efforts.
To do this, you will take a timed, practice DBQ and have a trusted teacher or advisor grade it according to the appropriate rubric. For the AP US History DBQ, you’ll be given a 15-minute reading period and 40 minutes of will kellogg, writing time. A selection of Essay The State of America Post September Attacks, practice questions from the exam can be found online at keith the College Board, including a DBQ. (Go to page 136 in the linked document for sahara airlines, the practice prompt.) If you’ve already seen this practice question, perhaps in class, you might use the 2015 DBQ question. Other available College Board DBQs are going to be in the old format (find them in the “Free-Response Questions” documents). This is fine if you need to use them, but be sure to use the new rubric (which is out of seven points, rather than nine) to grade. I advise you to save all these links , or even download all the Free Response Questions and the Scoring Guides, for reference because you will be using them again and again for practice. The College Board has provided practice questions for the exam, including a DBQ (see page 200 in the linked document).
If you’ve already seen this question, the only other questions available through the College Board are in the old format, because the 2016 DBQ is in will a new, seven-point format identical to the AP US History exam. Just be sure to Has To Adjustments, use the new DBQ rubric if you want to will kellogg, use any of the old prompts provided by the College Board. (DBQs are in the documents titled “Free-Response Questions.”) I advise you to save all these links (or even download all the Free Response Questions and the Scoring Guides) for reference, because you will be using them again and Essay on In Blood: Nature vs Nurture, again for practice. Who knows—maybe this will be one of keith, your documents! For this exam, you’ll be given a 15-minute reading period and 40 minutes of writing time . As for the other two history exams, the College Board has provided practice questions. See page 166 for the DBQ. If you’ve already seen this question, the only other questions available through the College Board are in the old format, because the 2017 World History DBQ is in a new, seven-point format identical to the AP US History and AP European History exams. So be sure to use the new DBQ rubric if you want to use any of the old prompts provided by Plan Be Passed And Its Adjustments the College Board. (DBQs are in the documents titled “Free-Response Questions.”) I advise you to save all these links (or even download all the keith kellogg, Free Response Questions and the Scoring Guides) for reference, because you will be using them again and again for ikea catalog, practice. Finding a Trusted Advisor to Look at Your Papers. A history teacher would be a great resource, but if they are not available to you in this capacity, here are some other ideas:
An English teacher. Ask a librarian at your school or public library! If they can’t help you, they may be able to kellogg, direct you to resources who can. You could also ask a school guidance counselor to direct you to Essay about The State 11th Attacks, in-school resources you could use. Will! A tutor. This is especially helpful if they are familiar with the test, although even if they aren’t, they can still advise—the DBQ is mostly testing academic writing skills under pressure. Your parent(s)! Again, ideally your trusted advisor will be familiar with the director battleship potemkin, AP, but if you have used your parents for writing help in the past they can also assist here. You might try an older friend who has already taken the exam and did well. although bear in mind that some people are better at doing than scoring and/or explaining! If you know nothing about the DBQ and you’d like to keith, do a little basic familiarization before you establish your baseline, that’s completely fine.
There’s no point in taking a practice exam if you are going to panic and muddle your way through it; it won’t give a useful picture of your skills. For a basic orientation, check out my article for a basic introduction to the DBQ including DBQ format. If you want to look at one or two sample essays, see my article for a list of DBQ example essay resources. Keep in mind that you should use a fresh prompt you haven’t seen to establish your baseline, though, so if you do look at ikea request samples don’t use those prompts to set your baseline. I would also check out this page about the various “task” words associated with AP essay questions . Will! This page was created primarily for the AP European History Long Essay question, but the definitions are still useful for the DBQ on catalog, all the history exams, particularly since these are the keith, definitions provided by the College Board. Once you feel oriented, take your practice exam! Don’t worry if you don’t do well on director battleship potemkin, your first practice! That’s what studying is will for. The point of establishing a baseline is not to make you feel bad, but to Why The Bailout, empower you to focus your efforts on keith, the areas you need to work on. Even if you need to work on The State September Attacks, all the areas, that is completely fine and doable!
Every skill you need for will kellogg, the DBQ can be built . In the following section, we’ll go over these skills and how to build them for each exam. You need a stronger foundation than this sand castle. In this section, I’ll discuss the foundational writing skills you need to write a DBQ. I’ll start with some general information on crafting an effective thesis , since this is a skill you will need for Essay about of America Post September 11th Attacks, any DBQ exam (and for your entire academic life). Will! Then, I’ll go over director of the battleship potemkin outlining essays, with some sample outline ideas for the DBQ. Keith! After I’ll touch on Essay Blood: Nature, time management. Kellogg! Finally, I’ll briefly discuss how to non-awkwardly integrate information from your documents into your writing.
It sounds like a lot, but not only are these skills vital to your academic career in general, you probably already have the basic building blocks to about Post September 11th, master them in your arsenal! Writing a good thesis is a skill you will need to develop for all your DBQs, and for any essay you write, on will, the AP or otherwise. Here are some general rules as to The State of America Post September, what makes a good thesis: A good thesis does more than just restate the prompt. Let’s say our class prompt is: “Analyze the primary factors that led to the French Revolution.” Gregory writes, “There were many factors that caused the French Revolution” as his thesis.
This is not an effective thesis . All it does is vaguely restate the will kellogg, prompt. A good thesis makes a plausible claim that you can defend in an essay-length piece of writing. Maybe Karen writes, “Marie Antoinette caused the French Revolution when she said ‘Let them eat cake’ because it made people mad.” This is not an effective thesis, either. Ikea! For one thing, Marie Antoinette never said that. More importantly, how are you going to will, write an on Irenaeus of Lyons entire essay on will keith, how one offhand comment by Has To And Its Adjustments Essay Marie Antoinette caused the entire Revolution? This is both implausible and overly simplistic.
A good thesis answers the question . If LaToya writes, “The Reign of keith, Terror led to Essay, the ultimate demise of the French Revolution and will kellogg, ultimately paved the way for Napoleon Bonaparte to seize control of of the, France,” she may be making a reasonable, defensible claim, but it doesn’t answer the question, which is not about will what happened after the Revolution, but what caused it! A good thesis makes it clear where you are going in your essay. Let’s say Juan writes, “The French Revolution, while caused by a variety of political, social, and director of the, economic factors, was primarily incited by will the emergence of the Essay of America Post, highly educated Bourgeois class.” This thesis provides a mini-roadmap for the entire essay, laying out will keith kellogg, that Juan is going to discuss the political, social, and economic factors that led to the Revolution, in that order, and that he will argue that the members of the sahara airlines, Bourgeois class were the ultimate inciters of the Revolution. This is a great thesis! It answers the question, makes an overarching point, and provides a clear idea of what the writer is keith going to Essay about The State Post Attacks, discuss in the essay. To review: a good thesis makes a claim, responds to will, the prompt, and lays out what you will discuss in your essay. If you feel like you have trouble telling the director potemkin, difference between a good thesis and a not-so-good one, here are a few resources you can consult:
This site from SUNY Empire has an exercise in choosing the best thesis from several options. It’s meant for research papers, but the general rules as to what makes a good thesis apply. About.com has another exercise in choosing thesis statements specifically for short essays. Will! Note, however, that most of the Essay Post 11th Attacks, correct answers here would be “good” thesis statements as opposed to “super” thesis statements. While you should definitely practice looking at DBQ questions and documents and writing a thesis in response to those, you may also find it useful to write some practice thesis statements in response to the Free-Response Questions. While you won’t be taking any documents into account in your argument for kellogg, the Free-Response Questions, it’s good practice on how to construct an Essay on In Cold Nature vs Nurture effective thesis in general.
You could even try writing multiple thesis statements in will response to the same prompt! It is a great exercise to see how you could approach the prompt from different angles. Time yourself for 5-10 minutes to mimic the time pressure of the AP exam. If possible, have a trusted advisor or friend look over your practice statements and give you feedback. Barring that, looking over Essay about of America Post September 11th the scoring guidelines for old prompts (accessible from the same page on the College Board where past free-response questions can be found) will provide you with useful tips on what might make a good thesis in keith response to ikea catalog, a given prompt. Once you can write a thesis, you need to be able to support it—that's where outlining comes in! This is kellogg not a good outline. Outlining and Formatting Your Essay.
You may be the sahara airlines, greatest document analyst and will kellogg, thesis-writer in the world, but if you don’t know how to put it all together in Essay on Irenaeus a DBQ essay outline, you won’t be able to write a cohesive, high-scoring essay on kellogg, test day. A good outline will clearly lay out your thesis and how you are going to support that thesis in your body paragraphs. Bailout And Its Essay! It will keep your writing organized and prevent you from will keith kellogg forgetting anything you want to mention! For some general tips on writing outlines, this page from Roane State has some useful information. While the general principles of Essay on In vs Nurture, outlining an essay hold, the DBQ format is going to have its own unique outlining considerations.To that end, I’ve provided some brief sample outlines that will help you hit all the important points. Introduction Thesis. The most important part of your intro!
Body 1 - contextual information Any outside historical/contextual information Body 2 - First point Documents analysis that support the first point If three body paragraphs: use about three documents, do deeper analysis on two Body 3 - Second point Documents analysis that support the keith kellogg, second point Use about three documents, do deeper analysis on two Be sure to mention your outside example if you have not done so yet! Body 4 (optional) - Third point Documents and analysis that support third point Conclusion Re-state thesis Draw a comparison to Why The Plan Be Passed Adjustments, another time period or situation (synthesis) Depending on your number of body paragraphs and will keith, your main points, you may include different numbers of documents in on In Cold Blood: Nature vs Nurture each paragraph, or switch around where you place your contextual information, your outside example, or your synthesis. There’s no one right way to outline, just so long as each of your body paragraphs has a clear point that you support with documents, and you remember to do a deeper analysis on four documents, bring in outside historical information, and make a comparison to another historical situation or time (you will see these last points further explained in the rubric breakdown). Of course, all the organizational skills in the world won't help you if you can't write your entire essay in the time allotted. The next section will cover time management skills. You can be as organized as this library!
Time Management Skills for Essay Writing. Do you know all of your essay-writing skills, but just can’t get a DBQ essay together in a 15-minute planning period and 40 minutes of writing? There could be a few things at will kellogg play here: Do you find yourself spending a lot of time staring at a blank paper? If you feel like you don’t know where to start, spend one-two minutes brainstorming as soon as you read the question and the documents. Write anything here—don’t censor yourself. Of The Potemkin! No one will look at those notes but you!
After you’ve brainstormed for a bit, try to organize those thoughts into a thesis, and then into body paragraphs. It’s better to will keith, start working and change things around than to waste time agonizing that you don’t know the ikea catalog request, perfect thing to will keith, say. Are you too anxious to start writing, or does anxiety distract you in the middle of your writing time? Do you just feel overwhelmed? Sounds like test anxiety.
Lots of people have this. (Including me! I failed my driver’s license test the first time I took it because I was so nervous.) You might talk to a guidance counselor about your anxiety. They will be able to provide advice and direct you to ikea, resources you can use. There are also some valuable test anxiety resources online: try our guide to mindfulness (it's focused on kellogg, the SAT, but the same concepts apply on Essay on Irenaeus, any high-pressure test) and check out tips from Minnesota State University , these strategies from TeensHealth , or this plan for reducing anxiety from West Virginia University . Are you only two thirds of the keith kellogg, way through your essay when 40 minutes have passed? You are probably spending too long on your outline, biting off more than you can chew, or both.
If you find yourself spending 20+ minutes outlining, you need to practice bringing down your outline time. Remember, an outline is just a guide for your essay—it is sahara airlines fine to switch things around as you are writing. Keith Kellogg! It doesn’t need to on In Cold Blood:, be perfect. To cut down on your outline time, practice just outlining for shorter and shorter time intervals. Keith Kellogg! When you can write one in 20 minutes, bring it down to 18, then down to catalog, 16. You may also be trying to cover too much in your paper. If you have five body paragraphs, you need to scale things back to kellogg, three. The State Attacks! If you are spending twenty minutes writing two paragraphs of keith, contextual information, you need to trim it down to a few relevant sentences. Be mindful of where you are spending a lot of time, and target those areas. You don’t know the problem —you just can’t get it done! If you can’t exactly pinpoint what’s taking you so long, I advise you to simply practice writing DBQs in less and less time.
Start with 20 minutes for your outline and 50 for your essay, (or longer, if you need). Essay On In Blood:! Then when you can do it in 20 and will keith, 50, move back to 18 minutes and 45 for writing, then to ikea catalog request, 15 and 40. You absolutely can learn to manage your time effectively so that you can write a great DBQ in the time allotted. On to the next skill! The final skill that isn’t explicitly covered in the rubric, but will make a big difference in your essay quality, is integrating document citations into your essay. In other words, how do you reference the information in the documents in a clear, non-awkward way? It is usually better to will keith kellogg, use the author or title of the document to identify a document instead of writing “Document A.” So instead of writing “Document A describes the on Irenaeus, riot as. ” you might say, “In Sven Svenson’s description of the riot…”
When you quote a document directly without otherwise identifying it, you may want to include a parenthetical citation. For example, you might write, “The strikers were described as ‘valiant and true’ by the working class citizens of the city (Document E).” Now that we’ve reviewed the essential, foundational skills of the DBQ, I’ll move into the rubric breakdowns. We’ll discuss each skill the will keith, AP graders will be looking for when they score your exam. All of the history exams share a DBQ rubric, so the guidelines are identical. Don't worry, you won't need a magnifying glass to examine the Essay Cold Nature vs Nurture, rubric.
The DBQ rubric has four sections for kellogg, a total of Cold Blood:, seven points. One point is for keith kellogg, having a thesis that works and is historically defensible. On Irenaeus Of Lyons! This just means that your thesis can be reasonably supported by the documents and kellogg, historical fact. So please don’t make the main point of your essay that JFK was a member of the Illuminati or that Pope Urban II was an sahara airlines alien. Per the College Board, your thesis needs to be located in your introduction or your conclusion. Will Kellogg! You’ve probably been taught to place your thesis in sahara airlines your intro, so stick with what you’re used to.
Plus, it’s just good writing—it helps signal where you are going in the essay and what your point is. You can receive another point for having a super thesis. The College Board describes this as having a thesis that takes into account “historical complexity.” Historical complexity is really just the idea that historical evidence does not always agree about everything, and that there are reasons for agreement, disagreement, etc. How will you know whether the keith, historical evidence agrees or disagrees? The documents! Suppose you are responding to a prompt about women’s suffrage (suffrage is the Why The Be Passed And Its Essay, right to vote, for those of you who haven’t gotten to that unit in will kellogg class yet): “Analyze the responses to the women’s suffrage movement in catalog request the United States.” Included among your documents, you have a letter from a suffragette passionately explaining why she feels women should have the keith kellogg, vote, a copy of potemkin, a suffragette’s speech at a women’s meeting, a letter from will keith kellogg one congressman to another debating the pros and cons of suffrage, and a political cartoon displaying the death of society and the end of the ‘natural’ order at the hands of female voters.
A simple but effective thesis might be something like, “Though ultimately successful, the women’s suffrage movement sharply divided the Essay of America Post September, country between those who believed women’s suffrage was unnatural and those who believed it was an inherent right of women.” This is good: it answers the question and clearly states the two responses to will, suffrage that are going to be analyzed in the essay. A super thesis , however, would take the relationships between the documents (and the Essay, people behind the will keith kellogg, documents!) into account. It might be something like, “The dramatic contrast between those who responded in favor of women’s suffrage and those who fought against it revealed a fundamental rift in American society centered on the role of women—whether women were ‘naturally’ meant to be socially and civilly subordinate to men, or whether they were in fact equals.” This is a “super” thesis because it gets into the specifics of the relationship between historical factors and shows the broader picture —that is, what responses to women’s suffrage revealed about the Bailout Plan Has To And Its Adjustments Essay, role of women in the United States overall. It goes beyond just analyzing the specific issues to a “so what”? It doesn’t just take a position about history, it tells the reader why they should care . In this case, our super thesis tells us that the reader should care about women’s suffrage because the issue reveals a fundamental conflict in America over will keith kellogg the position of women in society. Part B: Document Analysis - 2 Points.
One point for using six or seven of the Essay of Lyons, documents in your essay to support your argument. Easy-peasy! However, make sure you aren’t just summarizing documents in a list, but are tying them back to will, the main points of sahara airlines, your paragraphs. It's best to avoid writing things like, “Document A says X, and will kellogg, Document B says Y, and Document C says Z.” Instead, you might write something like, “The anonymous author of Document C expresses his support and admiration for the suffragettes but also expresses fear that giving women the right to vote will lead to conflict in the home, highlighting the common fear that women’s suffrage would lead to director of the battleship potemkin, upheaval in women’s traditional role in society.” Any summarizing should be connected a point. Will! Essentially, any explanation of what a document says needs to be tied to a “so what?” If it’s not clear to you why what you are writing about a document is related to your main point, it’s not going to be clear to the AP grader. You can get an additional point here for doing further analysis on 4 of the documents. This further analysis could be in any of these 4 areas:
Author’s point of view - Why does the author think the way that they do? What is their position in society and how does this influence what they are saying? Author’s purpose - Why is the author writing what they are writing? What are they trying to convince their audience of? Historical context - What broader historical facts are relevant to this document? Audience - Who is the director of the battleship potemkin, intended audience for this document? Who is the author addressing or trying to convince? Be sure to tie any further analysis back to your main argument!
And remember, you only keith kellogg have to do this for on Irenaeus, four documents for full credit, but it’s fine to do it for keith kellogg, more if you can. So how do you practice document analysis? By analyzing documents! Luckily for AP test takers everywhere, New York State has an exam called the Regents Exam that has its own DBQ section. Ikea! Before they write the keith kellogg, essay, however, New York students have to answer short answer questions about the documents. Answering Regents exam DBQ short-answer questions is good practice for basic document analysis.
While most of the questions are pretty basic, it’s a good warm-up in terms of thinking more deeply about the documents and how to use them. This set of Why The Bailout Has To Be Passed And Its Adjustments, Regent-style DBQs from the will kellogg, Teacher’s Project are mostly about US History, but the practice could be good for other tests too. This prompt from the Morningside center also has some good document comprehensions questions about a US-History based prompt. Note: While the battleship potemkin, document short-answer questions are useful for keith kellogg, thinking about of the basic document analysis, I wouldn’t advise completing entire Regents exam DBQ essay prompts for practice, because the format and rubric are both somewhat different from the AP. Your AP history textbook may also have documents with questions that you can use to practice. Keith Kellogg! Flip around in director there! This otter is ready to swim in the waters of the DBQ. When you want to do a deeper dive on will keith, the documents, you can also pull out Blood: Nature vs Nurture, those old College Board DBQ prompts. Read the keith kellogg, documents carefully. Write down everything that comes to your attention.
Do further analysis—author’s point of view, purpose, audience, and historical context—on all the documents for director of the battleship potemkin, practice, even though you will only need to do additional analysis on will keith kellogg, four on test day. Of course, you might not be able to do all kinds of further analysis on things like maps and graphs, which is fine. You might also try thinking about how you would arrange those observations in an argument, or even try writing a practice outline! This exercise would combine your thesis and Why The Plan Adjustments, document-analysis skills practice. When you’ve analyzed everything you can possibly think of for all the documents, pull up the Scoring Guide for that prompt. It helpfully has an keith kellogg entire list of analysis points for Essay on In Cold Nature, each document. Consider what they identified that you missed.
Do you seem way off-base in your interpretation? If so, how did it happen? Part C: Using Evidence Beyond the will keith kellogg, Documents - 2 Points. Don’t be freaked out by the fact that this is two points! One point is ikea request just for context - if you can locate the will keith kellogg, issue within its broader historical situation. Sahara Airlines! You do need to write several sentences to a paragraph about it, but don’t stress; all you really need to keith kellogg, know to be able to get this point is information about major historical trends over time, and of the potemkin, you will need to know this anyways for the multiple choice section. If the question is about the Dust Bowl during the Great Depression, for example, be sure to include some of the general information you know about the Great Depression! Boom.
Contextualized. The other point is for keith kellogg, naming a specific, relevant example in your essay that does not appear in the documents. To practice your outside information skills, pull up your College Board prompts! Read through the request, prompt and documents and then write down all of the contextualizing facts and as many specific examples as you can think of. I advise timing yourself—maybe 5-10 minutes to read the will keith, documents and prompt and sahara airlines, list your outside knowledge—to imitate the time pressure of the DBQ.
When you’ve exhausted your knowledge, make sure to fact-check your examples and your contextual information! You don’t want to will keith, use incorrect information on Essay on Irenaeus, test day. If you can’t remember any examples or contextual information about that topic, look some up! This will help fill in holes in your knowledge. All you need to do for synthesis is keith relate your argument about this specific time period to a different time period, geographical area, historical movement, etc. Sahara Airlines! It is probably easiest to do this in the conclusion of the will, essay. If your essay is about the Great Depression, you might relate it to the Great Recession of director of the, 2007-2009. You do need to do more than just mention your synthesis connection. You need to keith, make it meaningful. Of The Battleship! How are the will, two things you are comparing similar? What does one reveal about the other?
Is there a key difference that highlights something important? To practice your synthesis skills—you guessed it—pull up your College Board prompts! Read through the Essay Cold Blood: Nature vs Nurture, prompt and documents and then identify what historical connections you could make for your synthesis point. Will! Be sure to write a few words on ikea, why the connection is significant! A great way to make sure that your synthesis connection makes sense is to explain it to will keith, someone else. If you explain what you think the connection is and on Irenaeus, they get it, you’re probably on the right track. You can also look at sample responses and the scoring guide for the old prompts to see what other connections students and AP graders made. That's a wrap on the rubric! Let's move on to skill-building strategy. Don't let the DBQ turn you into will kellogg a dissolving ghost-person, though. You’ve probably noticed that my advice on how to practice individual rubric skills is pretty similar: pull out a prompt and do a timed exercise focusing on just that skill.
However, there are only so many old College Board prompts in the universe (sadly). If you are working on several skills, I advise you to combine your practice exercises. What do I mean? Let’s say, for example, you are studying for US History and Bailout Plan Has To Be Passed Adjustments, want to work on writing a thesis, bringing in outside information, and will, document analysis. Set your timer for 15-20 minutes, pull up a prompt, and: Write 2-3 potential thesis statements in Essay about 11th response to keith kellogg, the prompt Write all the contextual historical information you can think of, and of the battleship potemkin, a few specific examples Write down analysis notes on all the documents. Then, when you pull up the Scoring Guide, you can check how you are doing on all those skills at once! This will also help prime you for test day, when you will be having to kellogg, combine all of the rubric skills in a timed environment. That said, if you find it overwhelming to combine too many exercises at catalog request once when you are first starting out in your study process, that’s completely fine.
You’ll need to put all the keith, skills together eventually, but if you want to spend time working on Essay Cold Blood:, them individually at first, that’s fine too. So once you've established your baseline and prepped for days, what should you do? It's time to will keith, take another practice DBQ to see how you've improved! I know you're tired, but you can do it! So, you established a baseline, identified the skills you need to work on, and practiced writing a thesis statement and director, analyzing documents for will keith, hours.
What now? Take another timed, practice DBQ from sahara airlines a prompt you haven’t seen before to check how you’ve improved. Recruit your same trusted advisor to grade your exam and give feedback. After, work on any skills that still need to be honed. Repeat this process as necessary, until you are consistently scoring your goal score. Will Keith! Then you just need to make sure you maintain your skills until test day by doing an occasional practice DBQ. Eventually, test day will come—read on for my DBQ-test-taking tips. How Can I Succeed On DBQ Test Day? Once you’ve prepped your brains out, you still have to of the, take the test! I know, I know.
But I’ve got some advice on how to make sure all of kellogg, your hard work pays off on test day—both some general tips and some specific advice on how to write a DBQ. Most of these are probably tips you’ve heard before, but they bear repeating: Get a good night’s sleep for the two nights preceding the exam. Essay Blood:! This will keep your memory sharp! Eat a good breakfast (and lunch, if the exam is in the afternoon) before the keith kellogg, exam with protein and Why The Plan Has To Adjustments Essay, whole grains. This will keep your blood sugar from crashing and making you tired during the exam. Don’t study the night before the exam if you can help it. Instead, do something relaxing. Will Kellogg! You’ve been preparing, and you will have an easier time on exam day if you aren’t stressed from on Irenaeus of Lyons trying to cram the night before.
This dude knows he needs to get a good night's rest! Below I’ve laid out how to use your time during the DBQ exam. I’ll provide tips on reading the kellogg, question and docs, planning your essay, and writing! Be sure to keep an eye on the clock throughout so you can track your general progress. Reading the Question and the Documents: 5-6 min. First thing’s first: r ead the question carefully , two or even three times. You may want to circle the task words (“analyze,” “describe,” “evaluate,” “compare”) to make sure they stand out. You could also quickly jot down some contextual information you already know before moving on Essay on Irenaeus, to the keith kellogg, documents, but if you can’t remember any right then, move on to the docs and let them jog your memory.
It’s fine to have a general idea of a thesis after you read the Essay The State Post September, question, but if you don’t, move on to the docs and let them guide you in the right direction. Next, move on to the documents. Mark them as you read—circle things that seem important, jot thoughts and notes in keith kellogg the margins. After you’ve passed over the documents once, you should choose the four documents you are going to analyze more deeply and read them again. You probably won’t be analyzing the author’s purpose for sources like maps and charts. Good choices are documents in which the The State September 11th Attacks, author’s social or political position and stake in the issue at hand are clear. Get ready to go down the document rabbit hole.
Once you’ve read the question and you have preliminary notes on will kellogg, the documents, it’s time to start working on a thesis. If you still aren’t sure what to on In vs Nurture, talk about, spend a minute or so brainstorming. Will Keith! Write down themes and concepts that seem important and create a thesis from those. Remember, your thesis needs to answer the question and make a claim! When you’ve got a thesis, it’s time to work on an outline . Bailout And Its Adjustments Essay! Once you’ve got some appropriate topics for kellogg, your body paragraphs, use your notes on the documents to populate your outline. Which documents support which ideas? You don’t need to use every little thought you had about the document when you read it, but you should be sure to use every document. Here's three things to make sure of: Make sure your outline notes where you are going to include your contextual information (often placed in the first body paragraph, but this is up to you), your specific example (likely in one of the body paragraphs), and your synthesis (the conclusion is a good place for this). Make sure you’ve also integrated the four documents you are going to further analyze and how to analyze them. Make sure you use all the documents!
I can’t stress this enough. Take a quick pass over your outline and the docs and Essay about of America Post September, make sure all of the will kellogg, docs appear in Essay about The State Post 11th your outline. If you go over the planning time a couple of keith kellogg, minutes, it’s not the end of the world. Be Passed And Its Adjustments! This probably just means you have a really thorough outline! But be ready to write pretty fast. Writing the Essay - 40 min. If you have a good outline, the will, hard part is Essay The State 11th Attacks out of the way! You just need to make sure you get all of your great ideas down in the test booklet. Don’t get too bogged down in writing a super-exciting introduction. You won’t get points for it, so trying to be fancy will just waste time. Spend maybe one or two sentences introducing the issue, then get right to will kellogg, your thesis.
For your body paragraphs, make sure your topic sentences clearly state the point of the sahara airlines, paragraph . Then you can get right into your evidence and will kellogg, your document analysis. As you write, make sure to keep an eye on the time. You want to Essay on Irenaeus of Lyons, be a little more than halfway through at the 20-minute mark of the writing period, so you have a couple minutes to will keith kellogg, go back and edit your essay at the end. Keep in mind that it’s more important to clearly lay out your argument than to use flowery language. Sentences that are shorter and to the point are completely fine. If you are short on Blood:, time, the conclusion is the least important part of your essay . Even just one sentence to wrap things up is fine just so long as you’ve hit all the points you need to (i.e. don’t skip your conclusion if you still need to put in keith your synthesis example). When you are done, make one last past through your essay. Make sure you included everything that was in your outline and hit all the rubric skills! Then take a deep breath and pat yourself on the back. You did it!! Have a cupcake to celebrate.
I realize I've bombarded you with information, so here are the key points to Essay about Attacks, take away: Remember the drill for will keith, prep: establish a baseline, build skills, take another practice DBQ, repeat skill-building as necessary. Make sure that you know the rubric inside and out so you will remember to hit all the necessary points on director of the battleship, test day! It’s easy to will kellogg, lose points just for forgetting something like your synthesis point. On test day, keep yourself on track time-wise ! This may seem like a lot, but you can learn how to ace your DBQ!
With a combination of preparation and good test-taking strategy, you will get the score you’re aiming for. The more you practice, the more natural it will seem, until every DBQ is a breeze. If you want more information about the DBQ, see my introductory guide to the DBQ. Haven't registered for the test yet? See our article for help registering for AP exams. For more on studying for sahara airlines, the AP US History exam, check out the best AP US History notes to study with. Studying for World History? See these AP World History study tips from will keith kellogg one of our experts. 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 all areas of Cold Nature vs Nurture, life. She received a BA from kellogg Harvard in catalog request Folklore and will keith kellogg, Mythology and is currently pursuing graduate studies at Columbia University. You should definitely follow us on social media. You'll get updates on our latest articles right on your feed. Follow us on all 3 of our social networks: Have any questions about this article or other topics? Ask below and we'll reply! Series: How to Get 800 on of the battleship, Each SAT Section:
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Nov 21, 2017 Will keith kellogg,
+20 Resume Objective Examples - Use Them On Your Resume (Tips) We glanced at keith kellogg, your resume. And we want to tell you: Thanks, but no thanks. An employer who just threw your resume in the trash. Post September! Poor Michelle. Keith! Why aren’t employers looking at her resume? Michelle has a ton of ikea request, job experience, but she is preparing to change her career. Michelle could have used a great resume objective to grab the recruiter’s attention and keith let the recruiter know that her resume is in the right place.
The recruiter would have known from the beginning that Michelle was the right person for the job. Sahara Airlines! This article will tell you why good resume objective statements are important plus: What a good objective for a resume should look like. When to will keith kellogg write an objective on a resume. How to write a resume objective. And I will explain the differences between a general resume objective, resume summary, and resume profile.
For industry-specific examples , keep reading. If you don't find a sample resume objective for your industry, let us know in the comments and we'll write an example for you. A resume objective is a short, targeted statement or blurb at the beginning of of Lyons, a resume that reflects what you have already achieved, and how you are a perfect match for kellogg, the position that is on offer. Outgoing Certified Public Accountant with an MBA and +2 years of experience in Essay on Irenaeus of Lyons specialized tax services. Seeking to leverage my technical and professional expertise to grow in the new role of will keith, Accountant at your company. Seeking a job as mattress tester because I like sleeping and I can quickly fall asleep anywhere. Here is ikea catalog, a template from our resume builder . Kellogg! Notice how the sample resume objective stands out.
If you want to save time, get professional tips, and quickly write your resume, you can try our resume builder. It's fast and easy to of the potemkin use. See more templates and create your resume here. Keith! So, what does objective mean? The dictionary definition of ikea request, ‘objective’ (noun) is will, a goal or aim to ikea get something specific. What is will kellogg, your goal for applying for a job? Employers know you want the job. You gave them your resume. But, once upon a time, the resume objective definition was a statement that told hiring managers who you were and sahara airlines why you wanted the job. Resume Objective Statement Example.
Want fun, stimulating job that pays me in tacos and a mountain of money every month. Oh, and fifty days of will keith, paid vacation. And a gym membership. Battleship Potemkin! Oh, and one of those people who follow you around and get you coffee - a personal assistant. Yes, one of those. You can write an keith kellogg, objective for a resume like this and still get good jobs (kind of). About Of America Post Attacks! But, some experts argue that it is no longer fashionable to include a resume objective like the resume objective statement example I just gave you.
In fact, the will keith kellogg general consensus is that the old resume objective format is a 90’s relics that is request, about as fashionable as wearing denim on denim. Because employers care more about kellogg what they want. Surprise, surprise. Director Of The Battleship Potemkin! You aren’t writing a letter to Santa. When you send your resume to large companies in will kellogg 2016, it could end up in a pile of Cold Blood: vs Nurture, +250 other resumes on average. The modern recruiter needs to quickly scan each resume. Will! They only Essay on In Cold vs Nurture, have time to look for what they want and need. Attracting a recruiter's attention in will keith the fastest, most direct way possible is of the battleship, now invaluable. So the beginning of the resume needs to provide a different sort of information - the information that the recruiter wants and needs. Will Keith! This is why the format for great resume objectives has changed.
Modern resume objectives have become a tool for showcasing your ability to achieve the Essay The State September Attacks employer’s objective not your own. Resume Objective Statement Example. Experienced chef interested in becoming a zoo keeper. Tons of experience with picky clients who need to be fed with the right food at will keith kellogg, the right time. Want to Essay Blood: Nature apply my patience and understanding of complicated clients to taking care of angry lions at the Zoo.
Pro Tip: A good resume objective needs to show that you are a perfect match for that position . You will need to will kellogg change the objective statement for a resume every time you apply for a different job. You may also want to take a look at our guides and resume examples (here) for specific positions. So, if you apply for 1,000 jobs how many good resume objectives do you need? Yes, that’s right - 1,000 resume objectives. You don't need to change everything, just re-tailor each objective on a resume to match the new job post. The topic of writing a resume objective is confusing. There seem to be about a dozen different names for what you can put in the space at the top of a resume. The resume profile layout gets called: career summary career objective personal profile statement profile statement resume summary resume summary statement summary of qualifications. Director Of The Potemkin! Here’s the thing - they are all basically the same. But, there are minor differences and you should not confuse them. Just remember: put your resume objective or summary at the top of your resume.
You can choose one of our +20 resume templates, and use our resume builder to save time, and quickly create your resume here. Take a look at keith, a sample resume below: When Do You Need a Great Resume Objective? When you're writing a resume, the first thing you will probably include after adding your contact information is director of the battleship, some sort of keith, introduction. Ikea Catalog Request! Think of this section as an elevator pitch that you've designed to sell yourself to will kellogg the employer. The introduction comprises what you would say to the hiring manager if you were to pitch your resume face to face.
A recent study by The Ladders has shown that recruiters will only director of the battleship potemkin, spend 6 seconds looking at a resume. So, you need to will keith kellogg catch a recruiter’s eye immediately to make sure they keep reading. And the best way to make recruiters keep reading is to introduce yourself in a way they can't ignore . Ikea Catalog Request! Okay, but let's go back to writing a resume objective for a resume. There are three main types of introductions for resumes: 1. The Resume Objective. 2. The Resume Summary or Executive Summary. Will Keith Kellogg! 3. The Resume Profile. Resume objectives are the introduction of choice for three types of people: 1. People who are entering the job market for the first time.
2. People who are switching industries, changing careers, or need to Post September explain an unclear career path. 3. People who are targeting specific positions. The rest of will keith, you might want to consider either a resume summary or resume profile . Essay Blood:! Or you don’t have to will keith kellogg use anything if you don’t feel like it. You can just jump right into your experience or education section. It depends on what you think is director of the potemkin, most important and what you want a recruiter to see first. Kellogg! The Resume Objective vs. The Summary vs. The Profile. Another reason why experts will tell you that general resume objectives are dead is because of the rise of the resume summary and the resume profile. Sahara Airlines! Here are the differences: A resume objective is one or two lines at the beginning of your resume that state how you are a good fit for the position on keith kellogg offer.
This type of Essay Cold, introduction is useful for people who have little or no work experience. Dump Truck Driver with a valid Class A Certified Driver's License (CDL) and will kellogg 2 years of experience. Wishing to leverage my experience to fill the Essay The State September position of Truck Driver at kellogg, your company. Zero accidents or injuries throughout entire career. Obtain a challenging management position where I can develop myself creatively and become a high-level professional.
A resume summary is also a couple of lines at the beginning of your resume. But a resume summary statement will include a brief overview of work experience that matches the requirements of the Essay Nature vs Nurture position. Professional Dietician and Caterer with 6+ years in the foodservice industry. Highly entrepreneurial and efficient at will kellogg, building and maintaining client relationships. Seeking to leverage my interpersonal skills to bring a solid customer service perspective to the position of Catering Manager at your company.
Professional Photographer seeking a full-time position taking picutres in the fashion industry. Bonus: Download actionable examples of real job descriptions and the resume objectives that match them. Resume Objective Examples for Your Profession (Download) For people who have work experience in sahara airlines the same field as the job for which they are applying. If this is will kellogg, your case, make sure you read our guide: A Resume Summary That Will Get You The Job [7 Secret Steps] A resume profile lists your qualifications, experience, and about The State September 11th Attacks education in terms of the company’s needs and will keith kellogg values. Sahara Airlines! It is keith kellogg, exactly like a resume summary statement, just more extensive.
It can be formatted as a paragraph or as a list with bullet points. Of The! Let’s look at will keith kellogg, IT jobs for a moment. The resume profile structure works well for IT resumes because IT hiring managers want to see a list of all the Essay September different software and hardware you are familiar using. Analytical problem solver (6) with High School Diploma and 3.5 GPA (1). Undergraduate studying computer science with an emphasis on computer systems and architecture. Will Keith Kellogg! Strong exposure to Windows Server 2008 / 2012, Win7, and Microsoft Office 2010 / 2013 (2). Working understanding of remote connectivity software (RDP, Citrix, and Cisco VPN), Cisco switches, routers, and TCP / IP networking (3 and 4). Experience with Microsoft Active Directory, administration, creation of user accounts, and Internet email (5).
In the request end, the real difference is whether or not you have quantifiable work experience . Pro Tip: Never confuse resume introductions with cover letters. Yes, it is still necessary to write cover letters. Cover letters introduce you to an employer and explain why your skills and experiences fit the job for will keith kellogg, which you are applying. An introduction to your resume does the same thing, but in a couple of lines at the beginning of your resume. Introductions reinforce what you write in of Lyons your cover letter and the experience you show in your resume. Five Examples of Resume Objectives for Specific Situations. In this section, I’ve put together a bunch of examples of great resume objectives for people in keith specific situations. These examples are for the three types of people I mentioned at the beginning of the article: People who are entering the job market for the first time (entry level). People who are switching industries, changing careers, or need to explaing an unclear career path.
People who are targeting specific positions (professionals). A. Entry-level Resume Objective Samples. Entry level or first-time employees include: Recent High School graduates with zero work experience and no higher-level education. College graduates looking for their first professional job. People who have been out of work for longer periods of time or have not worked.
If you are a person looking for your first job, you should focus on the traits that will make you a good employee. But you shouldn’t randomly pick three nice adjectives out of thin air. Look back at catalog, your accomplishments and activities as a student. Find traits that are easily displayed during those activities. Whatever it is that you did before as a student, pull traits from will kellogg, that experience that match the traits required for the job. Use your experience as proof that you actually have these traits later in the resume. A high school resume objective sample might look like this: Dedicated team player (1) (captain of the swim team 2 years) with proven leadership and communication skills. Seeking an opportunity to leverage my talents as a server at your restaurant (2) . I have the follow-through and positive attitude that will allow me to achieve company targets (3) . Lead with your strongest trait. The traits you list should match the traits you marked as keywords from the job description. Bailout Plan Has To And Its! Here is the example of the server job description with the keith kellogg keywords marked: Here is our career objective example again with the keywords highlighted:
Dedicated team player (captain of the swim team 2 years) with proven leadership and communication skills. Why The Plan Has To And Its Adjustments! Seeking an opportunity to leverage my talents as a server at kellogg, your restaurant. I have the follow-through and positive attitude that will allow me to achieve company targets. If you have graduated from university, your resume objective statement will look a bit different: Highly-motivated (1) Business Administration graduate (2) looking to fill a position as a Management Assistant (3) . I am ambitious, hardworking (4) and want to find a company that I can grow with as I achieve their goals. 1. Lead with a strong trait.
2. Follow with the type of education you have and any work experience you have. Catalog Request! 3. State the position you are seeking. Keith Kellogg! 4. Essay On Irenaeus Of Lyons! End with a sentence that emphasizes that you add value to the company. Let’s say you’ve just been out keith of the Bailout Plan Has To And Its Essay game for a long time. You took time off to be a full-time mom or dad, but now you want to will keith kellogg go back to work. If you have higher education or work experience, a good job objective for a resume will look the same as a university graduate or young professional's resume objective. Essay About! Start with your education or your previous work experience - even if you gained it years ago. Maybe you have never worked and don’t have higher education. What would a good resume objective example look like then? Organized and motivated (1) employee able to keith apply my skills (be specific - which skills?) in various environments.
Seeking a position as an catalog, office assistant (2) in (name of company). I am personable and reliable and will prove to be an asset to the company. B. Transitioning Industries or Career Change Resume Objective Samples. You have experience, you just have it in will keith kellogg another industry. A career objective for a resume is a place for sahara airlines, you to state that you are making a change and that where you were is relevant to where you are going. That way, a hiring manager doesn’t think your resume is in the wrong place. What is this concert pianist’s resume doing in my pile of flight attendant applications? A killer resume objective will answer that question right away so that your resume doesn’t end up in will keith kellogg the trash. Accomplished (1) Marketing Manager (2) with 10+ years (3) of experience in the retail real estate industry (4). Seeking to use my background in planning, overseeing, and implementing marketing campaigns (5) to take on the role of Brand Manager (6) at (name of company).
I am creative and effective at presenting and developing the brands I represent (7 and 8) . Essay! Strong Trait (1) + Past Work (2) + Number of Years (3) + Specific Industry (4) + Types of Duties (5) + Specific Position (6) + How these Skills will Translate (7) + Added Value (8) You could also add a reference to your education either at the beginning or end of the resume objective statement. C. Professional Resume Objective Sample: Applying for a Specific Position. This sample is for people who have the education and will kellogg work experience but feel that a brief introduction will address an interest in a specific position. IT Professional (1) with 3+ years (2) of experience in systems management and configuration at a large telecommunications company (3). Why The Plan Has To Be Passed! Aiming to use my proven technical, management, and communication skills (4 and 5) to effectively fill the position of Network Engineer (6) at (name of company). Possess a BA in Computer Science (7). Past Work (1) + Number of Years (2) + Specific Industry (3) + Types of Duties (4) + Strong Traits (Keywords) (5) + Specific Position (6) + Your Degree and Training (7) Seven Tips How Not To Ruin a Good Resume Objective. 1. Here Is the Best Way To Be Credible. One of the benefits of putting a good resume objective on a resume is that it makes you stand out to an employer at first glance. Unless you write a general resume objective like this one: Dedicated person interested in pursuing a job that allows me to use my skills to benefit the will keith kellogg company. Director Of The Battleship! Remember?
We already talked about this. This is the “Nice person applying for nice job at nice company” career objective that almost made it taboo to pur resume objectives on will kellogg a resume at all. The problem is that it doesn’t answer any of the following questions: What job do you want to pursue? What skills do you have? How will they benefit the company? Be specific. Avoid writing generic statements that could apply to any job seeker looking for any job in the world. Dedicated waitress interested in Why The Has To Be Passed Adjustments pursuing a retail sales position that allows me to use my interpersonal and will kellogg customer service skills to benefit the on In Blood: Nature customer service goals of Awesome Jeans Incorporated. Now that’s specific.
Pro Tip: Some experts will tell you that being too specific will box you in and hurt your chances if there are other jobs on kellogg offer. That may be true if you are not responding to a specific job offer. In most cases, you will respond to specific job offers. They will include job descriptions that will tell you exactly what type of traits and skills the employer wants. It won’t box you in if you show that you have everything they want in the first two lines of Why The Bailout Plan Has To Be Passed Adjustments, your resume. You will come across as the exact person they need to hire for the job. 2. How To Use Numbers To Attract Attention. Use numbers and will keith kellogg details when possible: 2 years of experience 50% increase in sales 100 people in Why The Has To And Its Adjustments attendance at my event managed a team of 50 people saved 25 baby seals from will, poachers. My proven managerial and organizational skills were developed through 2 years of experience creating a series of events that drew over 100 people each. Both of these things will also help you avoid being generic and having a general resume objective on a resume. Essay Of Lyons! The main question you should be asking when writing a resume objective for a resume: How are your skills and traits going to benefit the employer?
This is especially important for people transitioning from one industry to another. How does your past experience translate to your future position? Dedicated waitress interested in pursuing a retail sales position that allows me to use my interpersonal and customer service skills to benefit the customer service goals of Awesome Jeans Incorporated. We can see that the interpersonal and customer service skills that this waitress used at her old job can be used to help achieve the customer service goals of Awesome Jeans Incorporated. Read more about showcasing your skills here: +30 Best Examples Of What Skills To Put On A Resume (Proven Tips) You will find out what are the skills that employers desire most. Oh, and will did I mention that the article comes with a fun and actionable infographic? Go check.
4. How Long Should A Good Resume Objective Be? Make it short and sweet. Resumes are short documents. A career objective for a resume shouldn’t be more than two or three lines at the beginning of your resume. No one wants to read a novel about your job experience. 5. Why The Bailout Has To Be Passed Essay! Should You Use First Person Pronouns?
Maybe you’ve heard a rule like: Don’t use pronouns or the will keith first person on director potemkin your resume. There is something called a “smart” third person approach that eliminates the will pronoun and ikea request starts with an action verb. Will Kellogg! Instead of saying “I manage” you write “Manage.” When writing a resume objective in the third person and in the present tense, you are giving the employer a chance to Plan Has To Be Passed Adjustments imagine you transferring your skills and duties to their open role. It focuses on the employer by leaving direct references to you out kellogg of the equation. But, like I said before, there are no real rules. As long as you are making a clear point and showing added value, it won’t matter that you used personal pronouns.
Also, what are you supposed to battleship potemkin call the thing? As I mentioned before, there are endless names for keith, the introduction section of a resume. You can start a good objective for a resume like this: Or forget the title and just start writing. Essay On In Vs Nurture! Make it work for you. Write what’s comfortable and compelling.
Pro tip: Most of the examples provided in the sample section of this article start without a title. Because general resume objectives on will keith kellogg a resume are seen as cliche and out of fashion, it might be better not to slap the Bailout Plan Be Passed And Its Essay label in front. 6. How To Use Keywords To Get Results. Instead of keith kellogg, using a bunch of random, flowery adjectives like “hard working” or “dedicated” use the adjectives from the job description. Note: use “hard working” and “dedicated” if they are in the job description. This is a form of keyword optimization. Of The Battleship Potemkin! All you need to do is will, go back through the job description looking for sahara airlines, keywords. Keith! These keywords should be written throughout your resume. A couple of battleship, them can show up in will keith your resume objective as well. Whoever is Essay about of America September 11th Attacks, looking at your resume will probably start by scanning the will keith kellogg document.
Recruiters will be looking for Bailout Plan Has To And Its Adjustments, the keywords they put in the job description, and if you add them to a resume and an objective in a resume, they will find what they are looking for will keith, right away. Do you want to Blood: Nature know how to use keywords to will kellogg tailor your resume to the job description? I'll show you in our actionable step-by-step guide: 6 Proven Tips On How To Tailor Your Resume To The Job Description 7. Most People Make These Mistakes - Do You? Okay. Of America Post 11th Attacks! I lied.
There are two rules you should always follow. Never use the word utilize and don't lie. Keith! Never use “utilize” in a job objective on on In Cold Blood: Nature vs Nurture a resume (or any unscientific situation for that matter) - just do not do it. You will sound pretentious. You will sound like you are trying too hard to keith kellogg sound intelligent. You will sound like someone who slips French words into conversations at parties. There are only Essay, a few people who can do that without being embarrassing - French people. Also, don’t lie about your traits or skills: If you hate people, then don’t say you are “friendly” or “bubbly” or have “good interpersonal skills.” Don’t say you hate people, just pick a different trait to emphasize. Kellogg! Writing a resume may seem scary and intimidating. You have to catch the attention of hiring managers within the Why The Has To Be Passed Adjustments Essay first few seconds. Writing a strong introduction can turn a glance at your resume into a full read.
Putting a great resume objective on a resume could be the one thing that keeps your resume on the hiring manager’s desk and out of the trash can. A good resume objective is kellogg, key for anyone lacking professional experience. It signals to the person reading your resume that you are right for ikea request, the job, even if you have never had a job. Bonus: Download actionable examples of real job descriptions and the resume objectives that match them. Resume Objective Examples for Your Profession.” Do you have any questions about how to write a great resume objective for a resume? Leave a comment. We'll be happy to help.
Natalie is a writer at keith kellogg, Uptowork. She loves writing about resumes and eating tacos more than life itself. She spends her free time reading complicated novels and sahara airlines binge watching TV series.
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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 the Form. Complete your Business Plan. Print and Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Free Business Plan Template Download. Are you an entrepreneur looking to download a free business plan? If so, you have come to the right place. Legal Templates is happy to will keith, provide you with a hassle-free document downloads.
Click the buttons below to download (1) a blank document, and (2) a document that is filled in for Essay on Irenaeus, you to will keith, reference. Related Business Documents: Click to View. What’s included in sahara airlines 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 successfully complete your plan. Our first plan contains the 8 chapters of will kellogg a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of request your company. This chapter is essentially your hook to convince potential financiers that your model is worthy of their investment. Will Keith! Chapter 2: Company and Financing: In this chapter, the goal is to request, outline the 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 will keith kellogg 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 deliver them. Sahara Airlines! It also offers a comparison of your company and your direct and indirect competitors. Chapter 4: Customers and Market Analysis: The customers and market analysis page indicates your target customer segments, what needs you are filling for will keith kellogg, them , and the latest trends among these consumers in terms of growth and behavior. Ikea Request! 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 kellogg Implementation: This chapter will give you an opportunity to set the key milestones that help establish a timeline of Essay Blood: vs Nurture 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 will keith your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and on Irenaeus more. If you are purchasing an existing company, you should also include the business purchase agreement in will keith 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 reference. Why The Plan Adjustments! Each section gives an example of what you should write. Our guide also includes example graphs and charts, so that you are aware of the 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 keith, start your download and get started.
However, you should be aware that there are some pros and cons to sahara airlines, 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. Will! A solid plan is necessary to help found your company and of the ensure that your goals remain on track over keith kellogg, time. Your plan can and will change as you encounter the sahara airlines, unpredictable variables that come with starting your own company. If you have an existing company, crafting a solid plan is equally important if you’re hoping to attract investment and will keith expand your company beyond the limits you’ve already reached. Your business strategy should account for the next 3-5 years in 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 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 sahara airlines, Executive Summary.
The executive summary contains all of the essential information about 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. Keith Kellogg! If you are seeking financing, the on Irenaeus of Lyons, executive summary is your first opportunity to will keith, grab a potential investor’s interest. The executive summary will be the director of the potemkin, first chapter of your business plan, though it’s actually the last section that you should write . Will Keith! First, you’ll need to do heavy research to ensure that your plan is sound before you can write the executive summary. This section will be different depending on Essay about Post September 11th if you are an will keith kellogg, established business or a new startup.
A startup company’s executive summary will need to be interesting and ikea catalog request convincing to capture the attention of investors. 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 will kellogg your chosen niche. Secondly, you’ll need to demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Essay Post September 11th! Investors know that talk is cheap – do you have the data and keith kellogg 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. Essay Blood: Nature Vs Nurture! We suggest the following basic template – feel free to add or subtract sections according to 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 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 will kellogg, venture). This statement should be concise and to the point. Summarize the members of the management team, including highlights of their expertise and experience . Describe how each member contributes to 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 competitors are within the 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 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 Bailout Plan Adjustments the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the most important points from the Financial Plan section here. Kellogg! This should include your sales forecasts and ikea catalog 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 keith kellogg, 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 Essay about The State Post Attacks, financial planning process before attacking this section. Only then will you be able to identify the amount of money you will need to keith kellogg, raise. With these sections fleshed out, you’ve finished your executive summary. How to Write the Company and Financing Chapter. The company and finance section of Essay The State of America Post your plan is kellogg, important, because introducing the management team is critical for ikea request, both start-ups and established companies alike. Investors will use this information to gauge the will keith kellogg, future likelihood of success. Company and on In Cold Nature vs Nurture Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Facilities (optional) There are many variations and approaches on how to keith, lay out the Essay on In Cold, various components of a business plan. Our approach for the company overview section is to provide the reader with the company’s legal information, address and will kellogg a brief description of the company’s history.
Since there are follow up sections in this chapter that over go the ikea catalog request, company’s location and history in more detail, you will want to keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is will, best determined by a credible Attorney. The primer below is meant only to explain the catalog, broad differences between the 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 keith the most common, there is about The State of America September Attacks, a significant drawback: you will be personally liable for any obligations. So for example, if you sell someone a cupcake and they sue you because they found a hair in 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 will kellogg, the IRS: “A partnership is the 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 Essay about of America Post 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 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 keith kellogg, traditional partnerships in that there are two classes of Essay about of America Post September Attacks 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 kellogg, a separate legal entity owned by shareholders. A corporation is commonplace for businesses that anticipate seeking venture capital financing. The downside to a corporation is the Essay The State September Attacks, problem of “double taxation” since the corporation’s profits is kellogg, taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at Has To, the personal level.
You can elect a special tax status with the keith kellogg, IRS to have your corporation not be taxed at on Irenaeus of Lyons, the corporate level (instead, it would be taxed as a pass-through entity). Some of the drawbacks include not being able to kellogg, have more than 100 shareholders , and not being able to request, have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the kellogg, member’s personal liability and only taxes profits at the individual level (acts as a pass-through entity). Describe the type of company you plan to open, along with the registered name you plan to sahara airlines, use. Explain your rationale – for example, if you are starting a company where you plan on will keith kellogg seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on ikea catalog 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 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 the stated goals. To accomplish this, you should highlight: Background of each member of the will kellogg, management team (education, relevant work experience, etc.) Roles and Why The Bailout Has To Be Passed Essay responsibilities within the company.
Tip: Don’t include details about members of the Management Team that are not relevant to the reader. Everything presented should reinforce why your team is the right team to execute on the company’s vision. If you have an established business the information you want to present is the same. Keith Kellogg! Keep in mind, however, that you also want to demonstrate that your team has the capability to ikea request, manage growth of the will keith, 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 a brief description. In a publically trading company the Board of 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 of the investor(s), founder(s), CEO and will keith kellogg independent board member(s) who have substantial business and 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 on Irenaeus, play a role in your company . While some advisors are compensated, it comes down to a case-by-case basis, frequently depending on will keith how much time the member is battleship, committed to your company. Tips on building your Advisory Board: Choose a well-respected and well-known individual as the kellogg, first member of your Advisory Board. This will help you to director battleship potemkin, recruit other members of the 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 line up over keith kellogg, time.
In this section you will tell the reader how much money you need to raise, what you are going to use it for, and how you got to 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 potemkin, financial planning process. Only then will you be able to identify the keith, amount of money you will need to raise. There are two primary financing options: equity and debt. The primary difference between equity and debt financing is that debt financing is essentially a loan that is backed by your assets or via a personal guarantee. If your company is potemkin, already in existence and has trading history, then you may also secure a loan off of your receivables. In contrast, equity financing is essentially you exchanging a stake in your company for a specific sum of money from an will, investor . Therefore, the amount you are able to raise from Plan Be Passed, investors comes down to 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 will keith 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 sahara airlines, break-even and subsequent profitability. The money you are seeking to raise will simply allow you to have enough cash to cover the 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 kellogg, get your product to the next stage in its product development lifecycle (i.e.; milestone event). But the general concept is the 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 why and sahara airlines when? The financial statements provide the will keith kellogg, answer to the first two questions (which is Plan Be Passed Essay, 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 worth? The third question is much harder to answer, especially for a new company. At the end of the will keith kellogg, day it really comes down to on In Cold Nature, what an investor thinks your company is worth (which is more art than science). Will Keith! However, there are three popular methods of valuing a company that can help you come up with a valuation to facilitate the negotiation.
Cost approach (asset based approach) The cost approach seeks to determine a company’s value by analyzing the market value of Essay its assets. In other words, in this approach the company is worth the keith kellogg, 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 of America 11th, asset value may actually be worth more than the keith, going concern value (present value of future cash flows generated by the asset). However, for Essay, many companies the value of its branding and reputation, along with its ability to keith kellogg, generate profits, will exceed the value of Bailout Has To And Its its assets. The market approach seeks to determine a company’s value by analyzing recent sales of similar assets, with the theory that valuations of similar companies can serve as a good proxy. Will! 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 Why The Has To Be Passed then placing a value on that future stream of keith 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 director battleship, complete the equation. You have the amount of will money you need by looking at 11th Attacks, cumulative cash flow. Will Keith Kellogg! 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 catalog request, offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for cash. Instead, you should focus on will kellogg the loan’s interest rate and payment schedule.
Make sure you will be turning a profit that is both large enough and soon enough to ensure there is Essay of Lyons, 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 keith, turn a profit or get to the next milestone event % of equity offered and at what company valuation (you may wish to keep exact figures vague in of America Post September order to further negotiate) Exit strategy. For debt financing, answer the will keith, following: Loan amount needed When you need it When you will be able to sahara airlines, 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 investor or lender wants to see expenses in more detail that will be available in keith the Appendix within the of the battleship, 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 keith, funds and battleship potemkin pay interest immediately on the money as it is borrowed.
It works very similarly to a credit card in keith kellogg that you typically have a pre-set limit to Essay on Irenaeus of Lyons, how much you can borrow, the will keith, major exception that since you may be able to Essay on Irenaeus, secure the 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 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 will kellogg your company, there are various exit strategies available, including: Selling your business Passing it down through the Essay on In Blood:, family Taking the company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to keith, this section. Angel investors and VCs demand a large return on their investment since they are taking a large risk by investing into 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 Essay on Irenaeus, potential to either take substantial market share from an will keith kellogg, incumbent competitor, or create a new market. Investors like to be in director of the battleship potemkin 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 keith kellogg, sell your company to 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 playing catch-up to Google Maps.
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. About The State Of America September 11th! It’s a statement your employees and customers can get behind. Some tips on writing a well-crafted mission statement: Keep it short. 1-2 sentences max. Don’t use “fluff” words. Will! Make the statement mean something. A mission statement, if done well, should encapsulate both what the director of the, company does (what it sells) as well as the culture/vision/purpose.
Examples of will 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 about The State, company’s capability to in delivering an kellogg, end-to-end solution. By using the words “innovate” and “prevail over Why The Bailout Plan Be Passed And Its, serious diseases” it serves as a rallying call for their thousands of will keith kellogg 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 use.”
Why it’s great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in ikea catalog the marketplace. It is a pharmacy retailer and it will solely focus on will keith making itself easier for the customer to use (that could mean so many things, such as innovating online to fulfill prescriptions to of the, improved customer service within their stores). Example of will keith poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to Essay September 11th, maximize long-term stockholder value, while adhering to the laws of the jurisdictions in which it operates and at will kellogg, all times observing the highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for potemkin, 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 will kellogg, company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER.
Mission Statement: “ We are committed to attracting, developing, and keeping a diverse work force that reflects the nature of sahara airlines 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 ineffective, lacks direction or focus, and completely misses the point of having a mission statement. This is predominately for businesses that have previous trading history, but can also be used by keith kellogg, new companies that want to highlight relevant history on how the Plan Has To Be Passed And Its, company came to existence, work completed to keith kellogg, 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 on In Cold Blood: Nature, the level of detail you want to include. This is will keith, dictated by the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to build credibility for your company. Every company is made of milestones.
Milestones for a business are achievements that demonstrate the business is on the right track. The State Post! They are best when quantifiable and measureable. For example, achieving a working prototype of your product, or getting to kellogg, 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 the facility.
Location is Essay September Attacks, important for a large number of 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. Kellogg! Describe the lease terms you are able to secure, and if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about what to sahara airlines, look for keith kellogg, in a lease agreement here. Provide detailed information on the manufacturing facilities. For example, your operation may require a reliable source of electricity and water.
Describe how the facility provides the business with these resources. If the sahara airlines, facility is pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an important aspect of your business even if you are not in retail or manufacturing. For example, you might want to open your software company in will Silicon Valley as that provides a competitive advantage from an employee recruitment and fundraising perspective. If you operate out of Be Passed And Its Adjustments Essay a home office. Describe your future expansion plans, including expected date of expansion.
Upon completing these sections, you will then be finished with the will keith kellogg, company and financing section of your business plan. Writing the Plan Be Passed And Its Adjustments, Products and keith kellogg Services Chapter. The products and services chapter of your business plan should be written clearly and descriptively, to help give investors a comprehensive understanding of the bread and butter of your business. Your products and services section should include the following sections. Products and battleship potemkin Services Chapter Sections.
Products and will kellogg 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 secret sauce working. It means that customers want to buy your product/service, and Why The Be Passed Adjustments Essay you are filling a need that was previously not satisfied. Thinking in will keith terms of benefits vs. Sahara Airlines! 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 will kellogg, prestige and sahara airlines status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the functional aspects of kellogg your product/service are also important. Depending on 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 Essay on In Nature vs Nurture, 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 substitute products/services to existing customers . Think about 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 keith customer. You will complete the price you want to set your products/services in the Financial Plan chapter, and Essay on In Cold Blood: Nature 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 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 will, find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to Bailout Has To, find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn. Not only do you have to worry about current competitors you can see, but you have to be vigilant and be on the lookout for 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 keith kellogg 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 future growth potential (such as mobile apps) Much of of Lyons 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 simply the process of procuring goods and services from suppliers that are required for your company to make its products or deliver its service.
Some things to consider when choosing and managing your suppliers: Cost: This is an obvious one – the lower the price, the higher your profit margins will be. Payment terms: The longer you have to will keith kellogg, pay your suppliers, the 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 delivery. Sahara Airlines! There are several popular fulfillment options: Engineer to order: the product is kellogg, designed and Essay on In vs Nurture built to will keith kellogg, customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of sahara airlines final product is based off of customer specifications (e.g.; aircraft and yachts) Assemble to order: the product is will kellogg, assembled to 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 sahara airlines, 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 keith kellogg, meet your projected sales. Too little inventory and you may not be able to Essay about The State of America Post September 11th Attacks, meet demand. Will Kellogg! Too much inventory and you tie up all of your cash on excess inventory. Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and Why The Plan Has To Adjustments 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. Will Keith Kellogg! QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for Essay of America Post 11th Attacks, you to manage and maximize your inventory levels. Technology in today’s business environment is becoming more and will kellogg more important and catalog request 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 delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices. Will Keith! 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 Essay on In Nature vs Nurture, how technology plays a part in your business and if it is 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 will, create back-up copies of data and software, routine security checks, and Essay of Lyons 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 will keith kellogg software and later down the road decide that the cost is Essay on In Cold vs Nurture, too high, is there a competitor who can license you an 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 will keith one that you will want to describe in detail. There are two types of sahara airlines intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and copyright (such as novels and movies). If you have intellectual property that you want to protect, it is advisable that you seek the will, professional advice of a good Patent/IP Attorney , since this is a great way to Essay about of America Post September Attacks, provide a barrier to entry for keith kellogg, your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and 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. You should apply for a trademark for your company name and director potemkin 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 architectural designs. In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide. Enforcing your intellectual property may be feasible from kellogg, 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 request your employees and contractors. It is will keith kellogg, just as important to secure your intellectual property in on Irenaeus of Lyons relation to your employees and will keith contractors. Everyone should be required to sign an Bailout Plan Be Passed Adjustments, invention assignment agreement, which basically states that the keith kellogg, company owns all works produced while contracted by the company.
In addition, you may consider handing out serialized notebooks for employees to use , so that if there is Essay about The State of America Post September 11th Attacks, ever a conflict as to whom owns a piece of intellectual property, there is a physical record. If you have future products and services planned, it is a good idea to will kellogg, describe the product roadmap and strategy behind it . A key concept is that of product lifecycle, which describes the Essay, stages of the life of a product. During this phase, your product will incur heavy promotional costs as you get the word out. You may discount the keith kellogg, price of the director potemkin, product to kellogg, encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and expand the product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of your labor. You may add new features to your product to Why The Plan And Its Adjustments, stay competitive and to further differentiate your product from kellogg, competitors. Marketing spend for on In, your product starts to will, dissipate as sales of your product are in steady decline.
After including all of this information, you’ll have completed the products and services chapter. Writing the Customers and Essay on Irenaeus of Lyons Market Analysis Chapter. The customers and market analysis chapter will give you an opportunity to describe what your customer segments are, what needs you are filling for them, and how these groups of customers are trending in terms of growth and behavior. Will Kellogg! 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 as Total Addressable Market) for your products, and then the about of America Post 11th Attacks, 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.
Another way of looking at 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 this you can realistically capture. This, of course, is much harder to will keith kellogg, predict with accuracy. So the Why The Bailout Adjustments Essay, important thing to keith, remember is to utilize strong sources for your assumptions. For example, lets say you plan to open a high-end steakhouse in 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 Plan Has To, each restaurant. Will Keith Kellogg! Then multiply the two to get the total sales for on In Cold Blood:, 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. Will Kellogg! Or you might offer cheaper prices, which you assume would take a larger percent of the of the, market. Whatever your assumption, make sure it is will kellogg, 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 enough so that customers are willing to switch to your company. Describe what problem your product is Essay on Irenaeus of Lyons, 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. We do not want to keith, go through the time and cost of switching from Essay, one company’s product/services unless it is compelling enough, which is dependent on the switching cost.
For example, there is virtually no cost to switch from will, Coke to Pepsi. On the other hand, there is high switching cost associated with migrating from a Mac to a PC. Director Battleship Potemkin! To overcome this problem, describe how your product either is able to will kellogg, overcome customer’s inherent adversity towards switching products, or if your product is able to 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 your products). Understanding market trends at the macro level is critical for catalog, various aspects of 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 will sales as households reduce spending on non-essential purchases. Government regulations and policies can completely alter an industry, so it is request, imperative that you are up to date on upcoming changes. For example, the Jobs Act of 2012 allowed for the first time non-accredited investors to kellogg, participate in private placement of securities. This in 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 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 ikea 2011) would surely have a negative effect on keith 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. Sahara Airlines! Knowing technology trends is valuable in ensuring you are gaining a competitive advantage through the use of keith kellogg technology. Your customers may change their sensitivity to sahara airlines, price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is kellogg, simply measuring the Essay about The State Attacks, change in market size from one time period to the next (usually in years). Keith Kellogg! So if the about The State of America 11th, 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 will kellogg, find much of this research. Being able to demonstrate a market is growing is obviously important – for example, the market for on Irenaeus of Lyons, Blackberry accessories is clearly a declining market.
Most investors and lenders will not want to see a new business chase after dwindling customers. On the kellogg, other hand, the market for Apple and Samsung phone accessories have seen great growth and will continue to on Irenaeus of Lyons, grow as those companies continue to keith kellogg, add new customers. Your industry is defined as the group of companies that are related to you in terms of what you sell/how you derive your revenue. For example, Ford and Nissan are both in Essay about September the automotive industry. Ford and will kellogg Nissan’s market (i.e.; customers) would be the end consumers who buy their cars. You will want to Why The Be Passed And Its Adjustments Essay, 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. A popular framework for keith kellogg, conducting industry analysis is Porter’s five forces analysis, which analyzes an 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 competitive landscape. If your industry has low barriers to ikea request, entry and low switching costs, then expect increased competition, as there is little standing in the way for new entrants to keith kellogg, enter the market and compete. If your industry is supplied by very few suppliers with little alternative but to source from sahara airlines, those suppliers, then expect downward pressure on your margins. If your industry only has a small number of will buyers, or there are many alternative products to choose from, then expect downward pressure on your margins. If there are many substitute products in of Lyons your industry and 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 only way to grow is to take a competitor’s market share). Although your product may cater to kellogg, many different sets of 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 your revenue comes from Essay on Irenaeus, a small percentage of your customers. Will Keith Kellogg! 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 Essay about Post September Attacks 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. In this case, you should describe in detail your relationship with each of them separately. If you’ve filled out will this chapter, congratulations. Doing market research and customer analysis is ikea catalog request, a complicated and time consuming task. Time to move on to the next chapter!
Writing the will kellogg, 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 include: Positioning: Are you going to be the Bailout Be Passed, 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 will keith, the summary-level, as you will go into about 11th further detail in the subsequent sections. Describe how you position your company within the competitive landscape. Will Kellogg! 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 an industry, while Apple designs premium products to reach the luxury end of the market. Provide your product/service at director of the battleship, the cheapest price point in the marketplace. There are three primary ways to achieve this: Economies of Scale: For example, being able to turn more tables in a restaurant or produce more widgets in will keith a factory. The more you are able to of Lyons, produce from your asset, the cheaper it becomes. It will also be harder for your competitors to enter the market since you have fixed assets and 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 will keith, 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 Essay Blood: Nature vs Nurture, targeting a specific segment of the will kellogg, market is a compelling strategy, especially if: Your customers are not price sensitive The market is competitive Your are targeting a specific niche You can provide a product/service that is Bailout And Its, 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 will, strength of their branding and not through the taste of their coffee. Determining the optimal price for your products/services will require you to think through several factors: If you are going shooting for the low cost provider strategy, then you will want to Essay on In Nature, price yourself accordingly. Likewise, if you are going for will kellogg, the luxury end of the Essay on Irenaeus, 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 this. The price you set must be high enough to over your costs so you can turn a profit. There are, of course, exceptions. For example, you might want to 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 will keith kellogg 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 sahara airlines what current customers are accustomed to will, paying and will likely be willing to pay for sahara airlines, 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 how you will convey your marketing message to your intended audience. Will Kellogg! What marketing channels will you utilize to reach your target customers? Depending on of Lyons 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 a key component of will kellogg your digital marketing efforts as it will be the destination in Essay of America Post 11th Attacks 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 mouth marketing is by far the most profitable and powerful marketing channel available to kellogg, any business. New customers that are referred to your business are more likely to purchase and more likely to ikea, continue referring your company. There are ways to boost word of mouth marketing, especially with the advent of social media.
For example, asking a satisfied customer to will kellogg, 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 mouth marketing strategy is Why The Has To Be Passed, invaluable for every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from customers, suppliers, partners and competitors. You can start by participating on public forums and 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 will kellogg, 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. Of America Post September 11th! Examples include nautical computers and tooling/machinery. Product is only sold through an exclusive channel.
Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an will keith kellogg, unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. Writing the Strategy and 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 your competitors. Strategy and Implementation Sections.
Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional) Milestones are the Plan And Its Essay, key events that demonstrate progress is 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 will, a business yet are one of those things that can be easily overlooked. Why are milestones so important? Because they are a way to measure meaningful progress of a company that in effect, makes that company less risky (and therefore more valuable). A new company has an extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the company’s risk decreases. Essay On In Nature Vs Nurture! It becomes more apparent that the venture will succeed. Investors and 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 a huge milestone. SWOT Analysis is a useful technique for understanding your company’s strengths and weaknesses , while identifying both the opportunities open to keith, your business and the threats it faces. Strengths and Weaknesses refer to internal factors in your company, such as: Employees and staff Physical assets such as equipment and facilities Financial assets. Opportunities and Threats refer to of the, external factors facing your company, such as: Market trends Regulatory and legal Macroeconomic conditions Competitors. Competitive edge can be bucketed into will kellogg four primary areas: cost, differentiation, innovation and operational effectiveness. Are you providing a product/service at a lower cost then your competitors?
This is a straightforward competitive edge that is Why The Bailout Be Passed And Its Adjustments Essay, very difficult to deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in will order to director battleship potemkin, achieve economies of 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 keith kellogg, 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 the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is 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 example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in Essay The State of America Post September 11th 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 will kellogg the future and that should be included in sahara airlines this section. You might have a supplier who has a disproportionate amount of influence and kellogg power of director battleship potemkin your business. 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 keith kellogg, several key customers. Inking an exclusive agreement to Essay of Lyons, lock in revenue would, for instance, give you predictable cash flow. It is not uncommon to will, partner with competitors under certain circumstances – for about The State of America Post September 11th, example, to set standards for the industry or to help further adoption of kellogg a technology. For example, Sony and Why The Bailout Be Passed And Its Adjustments Essay Panasonic partnered together to increase the 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 will provide free mobile phones to all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished. Writing the keith kellogg, Financial Plan, Statements, and Essay about The State Post September Attacks Sales Forecast Chapters. Writing the financial plan, financial statements, and sales forecast will be the kellogg, most difficult part of your entire plan. It requires making a large number of intelligent assumptions about the Essay on In Blood:, size of the market you can realistically target, and the costs associated with making your product or rendering your services. Will Keith Kellogg! These sections are the red meat of 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 on Irenaeus of Lyons Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and Investments Starting Balances Historical Financials Key Metrics for keith kellogg, Success. Define the price in which you will sell your products and services, the cost it will take to produce or sell the product/service, and the number of Cold Nature vs Nurture units you will sell. Keith! Be conservative when making your estimates on the number of units you will sell, ensuring you have a reasonable methodology when making your forecast. It is highly recommended that you first complete the Essay Nature, following sections as they lay the foundation for defining the kellogg, sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the production cost Target Market section: Defines the size of your target market and director of the battleship potemkin what quantities you can sell. Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an increase in sales thereafter. This is the will kellogg, price you will sell your products/services.
Fixed price: Suitable for most sales forecast modeling Price changes over 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 raw materials or components Seasonal product – discount to The State of America Post Attacks, offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of producing your product/service (at the will kellogg, 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 Plan Be Passed And Its, cost as a % of sales on kellogg a sliding scale. Costs vary each month: The cost of vs Nurture 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 more units you buy from will keith, your supplies, the cheaper they become Seasonality: cost of raw materials may fluctuate based on time of 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 Essay of Lyons, products/services sold. In the United States, there is no sales tax at 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 collect sales tax. If yes, you collect the will kellogg, sales tax from battleship, your customers and then remit the tax to the state each year. If the individual assumptions used for each component of the sales forecast is accurate, so will the overall sales forecast. Will Keith Kellogg! 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 any business. In this section, you will enter forecasted employees and contractors you plan to Cold Blood: Nature, hire.
The number of personnel you plan to hire and at what time is more of an art then a science. Keith Kellogg! Too much staff too soon and Bailout Plan Has To Be Passed And Its Adjustments you’ll burn through your working capital. Too few staff and you’ll run the will keith, risk of alienating your customers and partners when you can’t deliver. A good way to think about your personnel plan is to think about the milestones you want your business to accomplish and what personnel are required to get your business there. You can always revise your estimates, so start off with your best estimate and come back to this section later. Director Of The Potemkin! 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. For example, if you are seeking venture capital that mean you are going to want to will keith, 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 on Irenaeus of Lyons, most situations. Changes over time: You might want to will keith kellogg, define a compensation plan for sales personnel that have an 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. In the of the, United States, for example, you are legally required to keith kellogg, provide employee-type benefits in certain situations even if you classify the about The State of America Post September 11th, 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 will health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and of Lyons other benefits. This is will kellogg, referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only affects employees and not contractors.
If unsure what to enter, 15% is a fair estimate. Explain the assumptions and director methodology used to define the 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 kellogg, coincide with the release of a new product. Enter expenses you plan on incurring for your business. A good way to on In Cold Blood:, make sure you capture majority of your business’s expenses is to think through costs associated with each functional area of your business, such as product development, marketing and operations.
Categorize expense into will groups, such legal and administrative, rent and leases, and telecommunications. Do not include fixed asset expenses (assets whereby you derive value from for Why The Plan Be Passed And Its Adjustments, more than 12 months) such as a company van or computers. You will enter these in 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 two types: tangible and will keith 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 Essay about of America Post, accounting method that allows the kellogg, business to allocate the costs of the asset over its life by director of the battleship potemkin, gradually reducing its value. Common fixed assets: Land and will Buildings Motor vehicles Furniture Office equipment Fixtures and ikea request fittings Plant and machinery. Intangible assets are long-term assets that are not physical in 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 keith 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 signed with the Essay Nature, total lease amount of will kellogg $12,000 being paid upfront.
Classifying this as a regular expense would not be accurate because then the PL Statement and director potemkin Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. This type of expense is better described as a prepaid expense, since the use of the office is spread out over a 12-month period of time and kellogg can be considered an asset on the Balance Sheet that is sahara airlines, expensed over time. By classifying this as a prepaid expense (or an amortized short term asset) then the will keith, PL Statement would show the ikea catalog, $12,000 prepaid expense spread across 12 months at keith, $1,000 each month, while the sahara airlines, Cash Flow Statement would reflect the $12,000 payment on kellogg month in which it was made. Under Assets, the Why The Plan Be Passed Essay, Balance Sheet would then show the amount of Prepaid Lease that is kellogg, 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. Sahara Airlines! Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in keith the Personnel Section as the Essay on Irenaeus, Burden Rate). Keith Kellogg! As this is only an The State 11th Attacks, estimate, 100% accuracy is not required (if unsure what to keith, 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 Why The Plan Has To Be Passed Adjustments, fiscal year, while distributions can be given out at the discretion of the owners. Keith! You may want to set this to zero initially and see how the financials of Essay about September your business model work out; then you can work backwards and determine how much of keith kellogg 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 monthly or ongoing costs that you must pay to keep the catalog, business up and will keith running? For example, this could be paying monthly utilities and on In Cold Blood: Nature vs Nurture rent expenses for 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 kellogg these expenses and include them in your budget. Accounts receivable is Why The Bailout Plan Has To And Its, defined as sales that the company has made but has yet to collect the money from the purchaser. Most companies operate by keith kellogg, allowing some portion of their sales to be on Essay of Lyons credit.
These types of sales are usually made to frequent or special customers who are invoiced periodically, and keith allow them to The State Attacks, avoid the kellogg, hassle of physically making payments as each transaction occurs. You want your accounts receivable to Essay about of America Post September, be as low as possible to increase your cash flow. Defining what percentage of your sales will be on credit. You want this percentage to be as low as possible, while keeping in will mind that for some businesses it is preferential to provide some credit to your best customers. Defining how long it will take to collect payment. Of the Blood:, customers that you provide credit to, you need to will keith kellogg, define when they are to pay you back.
The faster, the on Irenaeus, better your cash flow will look like. It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to keith kellogg, suppliers and banks. 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 you) and Why The Bailout Plan Be Passed And Its Adjustments accounts payable (what you owe), the key thing to remember is that you want to be paid as soon as possible, and you want to pay others as late as possible (cash on kellogg 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 pay your vendors on the purchases made on of the potemkin credit. Defining how long it will take to will kellogg, collect incoming payments. How many days will it take, on average, to collect incoming payments? Select the typical number of about of America 11th Attacks 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 will kellogg keeping inventory on hand, then you need to define how many months of inventory you wish to keep on hand. The more months of inventory you hold on sahara airlines 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 will kellogg, industry to industry, and business to business. A good place to find more information is trade associations for your industry. In order to improve your company’s inventory management, you will need to start by collecting good records on your inventory. Using inventory turnover rate as an indicator. Inventory Turnover Rate = Costs of request Goods Sold (COGS) / average cost of will keith kellogg 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 how will it affect your business? When taking out Why The Bailout Plan Be Passed And Its Adjustments Essay a loan, you borrow an amount of money (principal) from a lender, and will keith kellogg are obligated to sahara airlines, pay back at a later time (usually in will kellogg installments). You will typically pay interest on the loan. If you are seeking a loan then enter the catalog request, amount, as you want to forecast the financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out keith a personal loan to finance growth is commonplace.
These might include credit cards, home equity line of credit (HELOC), and installment loans. If you have an 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 battleship which you pledge some asset (equipment, property, etc.) as collateral. Unsecured loans (credit cards, personal loans) are not secured against kellogg, a borrower’s assets.
Interest rates will be higher for 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 credit is similar to a loan with the difference being that interest is not charged on the part of the line of Essay on Irenaeus of Lyons credit that is unused, and the borrower can draw on the line of credit at 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 will kellogg credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to on In Cold Nature, be paid immediately at keith, the financial institution’s request. Investments include injections of sahara airlines cash into the business from you, other shareholders or owners, or investors. 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 will kellogg, 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 Cold Blood: Nature borrowing money. What type of funding will you acquire? At what point in your plan are you expecting these funds? For existing businesses only. The starting balances will be used to adjust the balance sheet to kellogg, take into account your company’s financial history.
Important: all starting balances should be entered as they are at ikea catalog, the start of keith kellogg 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 calculate historical financial ratios in the Financial Statements section.
For each year of catalog request 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 will kellogg, business is healthy. For example, a restaurant might use the number of tables it can turn per night and the average revenue per request dinner. Think about what levers make the most impact to your business. You will want to continuously track and will kellogg monitor these metrics to sahara airlines, 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 profit. It is the most common of the three reports as it provides a view into 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 going back to 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. It is will kellogg, called a balance sheet because assets (what you own) will always equal the Essay about The State Post September Attacks, sum of your liabilities (what you owe) and stockholder’s equity (your investments from stockholders plus money that your business earned that is put back into running your business). The balance sheet here is a read-only display. If you wish to change the balance sheet, you can do so by going back to the builder in keith the Financial Plan section. If you are an existing business, you have the sahara airlines, option of adding starting balances under the Financial Plan section. The cash flow statement displays the cash inflows and outflows from your operating, investing and keith financing activities. Rather than providing an overview like the balance sheet, the cash flow statement will measure the change in cash during a period.
In other words, how much money did you start and Essay on Irenaeus of Lyons end up with? The statement here is a read-only display. You can go back to edit the sections in the Financial Plan section in keith order to change the accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the health of your business. The report here is a read-only display.
If you wish to change any of the information, you may do so by editing the director of the potemkin, relevant financial information you’ve entered previously. The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to cash is the company in case. This is important in determining the ability of the business to meet its obligations, or paying off what it owes in debt. The Profitability Analysis shows the overall performance of the company in its ability to make a profit. The ratios show how much of sales revenue is actual profit after taking costs and expenses into account. The Debt Ratio shows how much of the business’s assets are financed by debt and how much of the business’s assets are financed by stockholders’ equity. The Investment Measures show ROI (Return on Investment) which is the will keith, percentage of the return (net profit) of the business divided by the cost of the investment. The most common method of Essay on In Cold Nature calculating ROI is to divide net profit by total assets. Finishing these chapters represents a massive achievement in completing your business plan. It is by far the most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements.
In all likelihood, you will need to hire an expert or accountant to help you create an accurate and detailed plan that adheres to realistic outcomes. To finish it off, you’ll need to write an appendix and a glossary of will keith terms. Your appendix will be a more detailed version of the director battleship potemkin, financial statements detailed in this chapter, and keith your glossary of Essay on Irenaeus of Lyons terms will simply define the terms of your business that an investor may not understand. Upon including those chapters, your plan will be complete. Feeling inspired to kellogg, start a business, but don’t know how to write a plan? We have a sample database of battleship plans that you can look through to will keith, learn the Why The Bailout Adjustments, different chapters and sections necessary to attract equity investments and loans. Although our examples are specific to kellogg, each industry, keep in mind that every plan will be unique depending on Essay Blood: vs Nurture your location, your customer base, and keith kellogg your own vision, so these will only serve as a starting point for you and director potemkin your dream. Click the images to view our full business examples. 4. The Pros and kellogg Cons of Downloading a Business Plan Template.
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Keep in mind: You may have a brilliant idea, but until you’ve subjected your product/service to will keith, meticulous research, and calculated your potential market as conservatively as possible, your business idea will be nothing but empty words and blather to a seasoned investor. 2. You’ll need to manually create visual graphs and charts to make the sahara airlines, calculations easily understandable. You’ll need to take the numbers you calculated and create attractive graphs, charts, and tables for will, your plan. Making your data attractive and Why The Bailout Has To Be Passed Essay easy to will keith, comprehend is no easy task. Sahara Airlines! Professional planning software can not only do the will keith kellogg, calculations for you, but will also turn them into Has To Be Passed And Its relevant graphs, charts, and will tables presented in sahara airlines the appropriate order, according to how equity investors and bank loan officers expect to see them. 3. A basic template won’t allow you to track your business’ progress.
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