By Phillipp Fischer at March 21 2019 17:29:37
It is a software program that provides step-by-step guidance throughout the process of planning and provides clear instructions and sound advice, along with resources for any additional help that may be required. It provides easily generated financials that are based on an underlying built-in financial model that is integrated with visual forecasting, and financial wizards to fill in the numbers in the pre-designed format of the business template.
Service Operation - If a service is offered, describe it. Will the work be done by company personnel or subcontracted? Who are the subcontractor(s)? If on-site or in cyberspace, what employee qualifications, equipment, and technologies are needed? How will quality be assured? What performance levels are anticipated per employee? Possible Data Sources: local Chamber of Commerce; yellow pages; trade associations.
Are there emerging markets or market segments? Where does this product or service currently perform best? Possible Data Sources: trade associations; trade journals; attorneys & accountants dealing with the industry; industry salespeople; state business websites; focus groups.
These highly trained professionals can also assist in calculating start-up costs, bringing in investors, and projecting profitability studies. Small business consultants also help you source funds by preparing financial documents presenting you in the best light possible to potential lenders and institutions. They can also help you devise business strategies that help you stay ahead of the competition.
example of a simple budget
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