Applying The Accounting Portion Of A Business Plan

Triple E’s main clients will be local area businesses who require access to marketing and event planning services but have no marketing/planning departments of their own. By focusing on businesses that have these specific needs, Triple E Marketing and Events will be able to provide smaller organizations access to comprehensive and combined event planning and marketing strategies, allowing them to create brand recognition and increased profitability for their businesses.

When you’re looking at the income statement, you can get information about profitability for a particular period. This is also called the profit and loss statement. The income statement is composed of both income and expenses. This statement can be used to deduct expenses from income and report either a net profit or net loss for that period. This statement will deduct all expenses from income and then report your net profit or net loss for that period. This will allow the business owner to determine if the business is bringing in a good amount of revenue to make a profit. The cash flow statement shows the movement in cash and balance over period. The cash flow can vary depending on the operating activities, investing and financing activities. This statement provides one business owner with insight to the company’s liquidity which is vital to the growth of the business. Reinvesting in business is very important, looking at the statement of retained earnings will tell a business owner how much were reinvested in the company. After profitable period, every big business has to give some of its profits to stockholders, and keep the rest amount as retained earnings. Out of all statements, retaining statement is important to companies that sells stocks to the public. This statement can also provide you with assets and liabilities information. These informations can be used to assess the financial health of your business. The results of a balance sheet will help the business owners to show the risk of liquidity and credit. Looking at these information you can measure trends and relationships to show where in the areas you can improve. These can also be compared to similar companies to show how the business measures up to leading competitors (Ali, 2010). In summary, the financial statements can provide a business owner

If I were a proud owner of a new bakery shop, it would be called Eva’s Pastries. My bakery would be opened within a school district on Staten Island. The location of my bakery would play an important factor to my target market; the reason why I chose to open it within a school district is to attract the age range of the students attending the schools, as well as the parents of the students. The convenience of my bakery being opened within the school’s range is to provide the students a place near their school to grab some quick food to eat nearby for breakfast or a snack. In addition, my bakery would have different varieties of bread and cakes for the students to grab to go and also dine in for individuals to sit in to enjoy their pastries.

The Joyful table, owned and operated by Laurel Bocka, has selected a specific target audience. This audience is segmented by demographics and psychographics. Demographically, Laurel targets individuals that are mainly middle aged women making a decent income with leisure money to spend. This target market is profiting the Joyful Table, but our group believes if she expands the demographics to also include teenagers or working individuals of both genders in workplace environments, she would create a higher revenue. The Joyful Table is able to reach this original target group by selling her product in the Bake My Day Bakery where these types of women shop and because of this, can offer decently priced high value desserts they can’t get anywhere

Owners and managers require financial statements to make important business decisions that affect its continued

If you’re planning a business trip to Atlanta, you probably hope to stay as productive as possible while you’re in town. Fortunately, this popular southern city has a bustling economy, so you’ll have plenty of options worth considering. In fact, some of the most successful companies in the world have their headquarters in Atlanta, including Coca Cola and Home Depot. Atlanta has also been ranked as one of the top high-tech centers in the country.

To achieve profit maximisation by selling a large quantity of cupcakes, sold at prices we deem not too high, but not too low, based on market research in the Bonnyrigg High School community, as to ensure profits generated are as high as possible (without

In every day to day operations decision need to be made in most of different types of business. In the process of the decision making the person in concern must be financially orientated; decisions should be based on the effectiveness of its cost and if it meet the organization needs and if it would have any kind of positive or negative impact on the organization profitability.

This is an extremely important factor for new businesses that have limited financial resources and are in their early stages. Compared to larger metropolitan areas, Atlanta is a relatively inexpensive city, where you don't have to make as much money to experience a similar lifestyle as those living in larger cities.

Kristen and her roommate are preparing to launch Kristen’s Cookie Company in their on-campus apartment. The company will provide fresh cookies to hungry students late at night. Evaluation of the preliminary design for the company’s production process will be required in order to make key policy decisions, including what prices to charge, what equipment to order and how many orders to accept, and to determine whether the business can be profitable.

Investment decisions are of vital importance to all, since they determine the potential to succeed. The decision whether or not to invest in a particular business would be based on a careful consideration of some key financial indicators of that particular business.

The opening of new stores is the cornerstone of Starbucks’s success. In order for Starbucks to continually growing in the market is to enhance the equity of the company and the Starbucks brand name. One opportunity of accomplishing these goals is to attract new customers by opening new stores in their communities. By maximizing the convenience for customers, the new store locations will attract new customers and allow existing customers to increase in their frequent visits. In addition, Starbucks is adding drive thru for the on-to-go customers and professionals. Starbucks will strive to increase profitability of these units by comparing data

Financial Analysis and Projections United Cakes of America’s Source of Funds Financing Equity Contributions Management Investment $35,000.00 Total Equity Financing $35,000.00 Banks and Lenders Banks and Lenders $100,000.00 Total Debt Financing $100,000.00 Total Financing $135,000.00 United Cakes of America’s Profit and Loss Statements Proforma Profit and Loss (Yearly) Year 1 2 3 Sales $655,290 $714,266 $778,550 Costs of Goods Sold 65,529 71,427 77,855 Gross Margin 90% 90% 90% Operating Income $589,761 $ 642,839 $ 700,695 Expenses Payroll $ 243,000 $250,290 $273,712 General and Administrative $14,400 14,976 15,575 Marketing Expenses 13,761 15,000 16,350 Professional Fees and Licensure 25,000 25,750 26,523 Insurance Costs 7,500

In order to determine the best business to start, both businesses need to be subjected to some analysis. A business plan is the tool by which the business' merits can be evaluated it is a written description of the business' future Entrepreneur, [1]. This decision is between two different business ideas, and the business plans will test the validity of these two ideas and help to make a decision with respect to the investment decision. The first business idea is a bar called Stock Market. The concept is that the price of beer will fluctuate with demand. If people are buying IPA, then the price of IPA will increase, and the price of other beers will decline. This is an idea that has been tried a few times in other places around the world to varying degree of success. The bar will be located somewhere in the East Bay. The other option is a store for refurbished electronics called ReTech. A business plan will be provided for each option and then the two options evaluated.

Assist in making decisions on the various areas that affect business. It can include risk management, manufacturing, pricing, and investment.