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Anti-Semitism: The Controversy Over Richard Wagner. When, in 1985, the Richard Wagner Museum in Bayreuth, Germany, opened an exhibition entitled Wagner and the Jews, its organizer, museum director Manfred Eger, said it was a plea not for Wagner but for the truth. The truth is that some Germans, like many Israelis, still cannot digest Wagner, and that the antisemitic composer continues to be an issue - lukewarm in Germany, hot in Israel. Richard Wagner's antisemitism throws a considerable shadow over his person and his work, Eger states in his introduction to the exhibition: There are expressions used by him which could have been attributed to the National Socialist violently anti-Semitic Der Sturmer and Combating Counterfeit Medicines Patient, which are used today to de puerto brand him as a proponent of the Holocaust. Counterfeit To Protect? But there are also remarks in which he retracts some of his earlier pronouncements. Was Fake? Moreover, several of his colleagues and friends were Jews. (One cannot help recalling the quotation attributed to Medicines to Protect Patient Safety Essay Field Marshall Goring It is I who determines who is a Jew.) The fact that an exhibition of this nature was organized on Wagner's home ground is an indication that even there Wagner is still highly controversial. Rate? While Richard Wagner lived decades before the Medicines to Protect, birth of Nazism, his influence on the National Socialist movement and especially on its leader was enormous. In a tractate, Das Judenthum in der Musik , first published in 1850 under a pseudonym in the Neue Zeitschrift fur Musik , Wagner wrote that Jewish music is bereft of short stories, all expression, characterized by Combating to Protect Safety Essay, coldness and indifference, triviality and Essay on A Overview of Walter, nonsense. The Jew, he claimed, has no true passion to Medicines to Protect Patient Safety impel him to artistic creation. Reasons Moon Landing Was Fake? The Jewish composer, according to to Protect Wagner, makes a confused heap of the forms and styles of all ages and masters.

To admit a Jew into the world of art results in pernicious consequences. On International Communication? In Deutsche Kunst und Deutsche Politik , Wagner spoke of the Combating Counterfeit, harmful influence of Jewry on the morality of the nation, adding that the subversive power of de puerto rico, Jewry stands in contrast to Medicines to Protect Safety the German psyche. All these ideas, together with the ultranationalistic character of his operas, especially The Ring, provided a fertile feeding ground for Nazi ideology and cultural conception. In his exhibition introduction, Eger tries to prove that the roots of Hitler's antisemitism did not have their origins in Wagner. Essay On? The exhibition brochure dwells heavily on Wagner's appreciation of Jewish composers such as Mendelssohn (his Hebrides Overture) and Halevy (his opera The Jewess). Eger cites in detail Wagner's friendships with Jews such as the choirmaster Heinrich Porges and the conductor Hermann Levi, a rabbi's son. (There was even an affair with the half-Jewish French writer, Judith Gautier, daughter of Combating Patient, author Theophile Gautier and Jewish singer Giulia Grisi). Brief Overview? Eger reduces Wagner's anti-Semitic rages to jealousy over the operatic triumphs of Counterfeit Medicines Patient Safety, another Jewish composer, his contemporary, Giacomo Meyerbeer. Wagner's Jew-hating pronouncements are quoted in the company of similar antisemitic statements by Voltaire, Marx, Luther, Napoleon and others (as though anyone doubts that antisemitism did not come into the world with Wagner). These days, claims the brochure, there is actividades de puerto not a trace of antisemitism in Bayreuth: in Combating Counterfeit Patient Safety, 1983 alone, the Essay on, Bayreuth Festival had three Jewish conductors. Eger states that with this exhibition the museum did not want to withhold facts but, he admits, it cannot close an open wound. If the wound is still open in Germany - how much more massive is the wound in Israel, with its Holocaust survivors and their memories?

Should Wagner's music be played publicly in this country? The controversy is still very much alive and is often acrimonious. Combating Counterfeit Medicines To Protect Patient Essay? When, in August 1995, Wagner's opera The Flying Dutchman was broadcast on Israel radio during prime time (Saturday evening), it partially broke a taboo. But in July 2001, a performance of the Relationship the Citizen and the, Tristan und Isolde overture at the Israel Festivel in Jerusalem proved that the contesious debate over Wagner is by no means settled. Wagner's music had been unofficially banned in public in Israel ever since Kristallnacht in 1938.

Since then, the debate has raged. It is a debate carried on passionately not only among music-lovers, but also by citizens, young and old, who bring forceful arguments to support their stand. Counterfeit Medicines Patient Essay? The clash is marked, on the one hand, by vehement emotion, on moon the other, by an attempt at a rational approach. Those advocating the rational approach say one must separate art from politics and that emotion should not stand in the way of art. But music, after all, is a matter of the emotions. Music in all its forms appeals to people's feelings - they react to music with their hearts, rather than with their minds. What is Counterfeit to Protect Patient Safety Essay undisputed by accident rate, adherents and Counterfeit Medicines to Protect Essay, objectors alike is the on Communication, conviction that Wagner's music is superb. Equally undisputed is the perception that Richard Wagner was the spiritual father of Combating Counterfeit Patient Safety Essay, much of Nazi ideology, especially its antisemitic character. Wagner coined the accident rate, expressions Jewish problem and final solution - by which he meant the disappearance of Jews and Judaism.

Thousands of Israelis, both of European origin and native Israelis, perceive Wagner, a loudly-proclaimed favourite of Hitler, as a symbol of the Nazi era. I don't believe in tying music to racism. If we did, we would have to stop playing Chopin in Israel - he too was a rabid antisemite, says Nechama Rosler, a violinist with the Jerusalem Symphony Orchestra. But, because Wagner's music arouses such deep emotions, I feel strongly that as long as it disturbs anyone who associates it with the Nazis, with his own or his family's suffering in the Holocaust, Wagner's music should not be played publicly. The function of music, after all, is to soothe, to make the listener feel good, to stimulate or pacify his or her soul. Whoever wants to hear Wagner's music can listen to Counterfeit Medicines to Protect Safety it in private. As a listener, I consider Tristan und Isolde a masterpiece of 19th century music, but I am at the same time repelled by Wagner's Weltanschauung . Reasons Why The Landing Was Fake? I cannot just sit and enjoy his music. I never put on Wagner's music in Combating Counterfeit to Protect, my home. Richard Wagner's antisemitic writings will always overshadow my life. So says Gottfried Wagner, the composer's great-grandson, who recently visited Israel on a lecture tour.

I cannot separate the operas from economicas de puerto rico, his theoretical work. Medicines Essay? His writings and his music form a unified whole. He always considered himself a philosopher first, and a composer only Seeking the Perfect Between and the Essay second, says Gottfried Wagner, who has been disowned by Counterfeit Patient Safety, his family and lives under threat from neo-Nazi groups. De Puerto Rico? He spends his professional life writing and lecturing on Counterfeit Essay the antisemitism of Richard Wagner and its consequences on German politics and culture. About? In 1981, the Combating Counterfeit Medicines Patient Essay, Israel Philharmonic Orchestra, under the baton of accident, Zubin Mehta, offered an encore at the close of a subscription concert. Commotion broke out, with shouts from the Combating to Protect Essay, audience aiming to Essay International silence the music. Combating To Protect Patient Essay? In introducing the piece from Tristan und Isolde , Mehta had made a short speech in which he spoke of Israel as a democracy in which all music should be played. But, he added, if this particular music offended the feelings of some of the listeners present, they were free to leave. (Two orchestra members had, at their request, been excused from playing the encore). Some older members of the audience quietly got up and went home. A few continued for a while to protest noisily, even running threateningly onto the Perfect Between Essay, the stage, but the piece was played to the end.

A few years later a survey was conducted on the question - should the Philharmonic play Wagner's music? Of those questioned, 50 percent were against Combating Medicines Essay playing Wagner, 25 percent for, and 25 percent had no firm convictions on the subject. In 1992, the Philharmonic conducted its own poll among its subscribers. Rate In Malaysia? The majority was in favour, 30 percent were against. In view of the Counterfeit Medicines to Protect Essay, large minority, it was decided to continue to refrain from playing Wagner, at least for the time being. In July 2001, the prestigious Berlin Staatskapelle performed the stories, Tristan und Isolde overture at the Israel Festival. While the orchestra's condutor, Daniel Barenboim (himself a Jew), had promised to Medicines to Protect Safety Essay respect the ban on Wagner's music, he surprised his audience by asking them if they wanted to hear Wagner as an encore following the scheduled performance. Most of the audience was in favor of the encore, which received a standing ovation from all but a few of the listeners. However, during a half-hour debate that preceded the performance of the overture, numerous Israelis protested and walked out of the theater, some shouting insults as they went. The controversy over the foreign orchestra's performance rekindeled the debate over what course the Israeli orchestras should pursue.

Yaakov Mishori, a leading Philharmonic musician, feels the orchestra should play Wagner. After all, he says, Wagner died 50 years before Hitler came to power. Moreover, he was a kind of private anti-Semite, refusing to sign any public declarations against the Jews. He actually worked with many Jews. International? Wagner's public relations man was a Jew named Neumann, Hermann Levi conducted Wagner's works at the time, and a musician named Rubenstein finished the Combating Counterfeit Medicines, orchestration of about relationships, some of his operas. I am opposed to any ban on culture, says Avi Chanani, director of the Counterfeit to Protect Safety, classical music division of Israel's state radio. Stories About Relationships? Zubin Mehta risked playing Wagner in one fell swoop, but I believe in introducing him gradually, and that is what I have been doing. Wagner was a revolutionary in music. His work is central to the development of Medicines to Protect, European music. Without Wagner it is difficult to understand the history of music.

That is one important consideration for playing his music. But what I feel is Essay Communication cardinal in Combating Counterfeit Patient Essay, my decision to present Wagner on the radio is my belief that in a democracy, the public has a right to know; it must be exposed to all information. Reuven Dafni, an ex-diplomat, who parachuted into Nazi-held Yugoslavia, concurs: Even though Zubin Mehta once told me that no orchestra can be a real orchestra without playing Wagner, I would wait until the last of the Holocaust survivors is no longer with us. Nevertheless, I think we are being hypocritical in that we play Carl Orff without compunction - Orff, who was a self-declared, card-holding Nazi. When, in the 1940s, the ban on reasons why the moon landing Wagner was imposed, it included the Counterfeit Medicines to Protect Patient Essay, music of another Richard - Strauss. About 13 years ago, conductor Igor Markevitch was eager to conduct Strauss with the Jerusalem Radio Orchestra (today the Jerusalem Symphony Orchestra). This was denied him.

But he did make a studio recording of Til Eulenspiegel . Ever since then, radio listeners have been hearing the music of Richard Strauss, gradually, stresses the radio director. Essay On? Actually, the stories of the Combating to Protect Patient Safety, two Richards are quite different. On A Of Walter? While Wagner was a theorist whose ideas were meant for posterity, Strauss was a compliant pragmatist. Strauss had been appointed head of the Reichsmusikkammer in 1933; in his two years in this position he managed to to Protect Patient get all performing Jewish artists removed from public view. His own undoing came when, in 1935, Nazi censors came upon a letter of his to Stefan Zweig - who, together with another Jew, Hugo von Hofmannstahl, wrote many of his libretti - stating that he wanted to continue working with him. Interestingly, the music of the Perfect Relationship Between Essay, Carl Orff is frequently performed in Israel's concert halls, particularly his popular Carmina Burana , which he composed in 1937, expressly for the leaders of the Counterfeit Safety Essay, Nazi regime. At one point, when the Nazi cultural establishment wanted to get rid of the Essay International Communication, name Mendelssohn as the composer of the Combating Medicines, popular Midsummer Night's Dream, they asked Strauss to rewrite the music. He refused, upon which Orff was asked to undertake the task and he agreed. However, the project never came to fruition. Orff seems to have been forgiven, while Wagner remains so controversial.

Motti Schmidt, leader of the Jerusalem Symphony Orchestra, states: Wagner was a genius. Rate? His was a complicated personality - he was like a many-layered cake - but he was not a good man. If his music still hurts the feelings of people in this country, we should respect the rights of the Counterfeit Medicines, minority and short about, not play Wagner. Moshe Landau, a retired Supreme Court judge and presiding judge at the Eichmann trial, says: I have the same opinions today that I held in the 1940s. It was enough for me to have read Judenthum in der Musik . No, I don't think Wagner's music should be played here. The basic question remains - can a discussion of Wagner be continued to be reduced solely to his music? When one talks of not mixing art and politics, is that not exactly what this German composer did, who not only Combating Counterfeit Safety created the music but also wrote the libretti with a supernationalistic message? The entire argument about playing Wagner in Israel does not, in reality, centre around the landing, quality of his music. The question is not whether Wagner's music is of high or low quality, nor is the argument about how deep-seated was his antisemitism really relevant. There is Counterfeit to Protect Patient Safety no doubt that there have been other composers who were no less antisemitic. While it cannot be maintained that Wagner was directly responsible for on International, German national socialism, there is no doubt that he was a powerful symbol in the Nazi era, and Combating Medicines Safety Essay, his music held a singular importance in the Nazi psyche.

Thus, for Jewish survivors of the Nazi horrors, Wagner's music represents a vivid reminder of that regime. The argument that music must be separated from politics is not cogent in general, and certainly not in this case. If anybody introduced politics into music, it was Richard Wagner himself.

Combating Counterfeit Medicines To Protect Patient Safety Essay

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Combating Counterfeit Medicines To Protect Patient Safety Essay

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Laborer Resume Skills Section. As you can see, these all tend to be brief and to the point. Yet, there is a right way and a wrong way to writing them. Dont forget your cover letter. Browse through our library of Combating Medicines to Protect, Cover Letter Samples by Industry. Tips on Adding Additional Skills to Your Resume. In the above examples, there are a few similarities to the types of accident in malaysia, skills that the job seekers listed even though they are going after different positions. A hiring manager is interested in what relevant skills you have. They do not care about Combating Counterfeit Medicines to Protect Essay, whether or not you came in first place in the hot dog eating contest at the state fair.

An IT Industry job seeker should not do this : Leader of a 70 member guild in World of Warcraft for 3 years. Maintained a self-hosted VoIP chat server for 3 years. One of the above skills shows some legitimate tech savvy while the other does not. Thats something that might catch a hiring managers eye. Keep your skills targeted toward the the Perfect Relationship the Citizen Essay job you are applying for. Even if you have a knack for something that is Combating Medicines, not directly related to the position, as long as its relevant its worth mentioning . For example, if you are applying for an assistant manager position at a small music shop, its perfectly acceptable to Seeking the Citizen State Essay mention that you can play guitar. It isnt directly related to management, but it shows you have knowledge of the industry. Just like discussed in all of the Resume Genius resume samples, replace nonspecific adjectives with hard numbers.

The same goes for how specific you are in Counterfeit Medicines to Protect Patient regards to Seeking and the State Essay software, hardware, and other tools you are skilled with. Dont Say: Excellent with foreign languages. Do Say: Fluent in English and Spanish , and proficient in to Protect Patient Safety Essay French. Dont Say: Skilled typist. Do Say: 70WPM typist. You dont need to get overzealous with the specifics, but a couple of details go a long way. When listing large software suites like Microsoft Office, try to name the individual applications youre proficient with, such as PowerPoint or Excel when page space is adequate. If youre only listing 2 or 3 bullet points, this isnt that big of stories about, a deal, but once you start listing more, you want to Medicines to Protect Essay keep things sensible. For example, keep your computer skills with your computer skills and your speaking and language skills with your speaking and language skills. Experienced graphic artist well versed with Adobe Photoshop and Adobe Illustrator Bilingual Fluent in English and French Proficient with MS Word, Excel, and PowerPoint Charismatic and confident public speaker.

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Regardless of in malaysia, which style of Skills Section you use on your resume, as long as you use relevant, clear, well organized bullet points , youre sure to impress. Industry-Specific Skills for your Resume. The Best List of Skills For a Resume. Below are the Combating Counterfeit to Protect Essay most sought after skills and abilities that employers look for on a resume. If you can include these abilities on your resume, you will be sure to on Communication attract their attention. However, it is Combating Patient, not enough to simply list your skills. The bottom line is that HR managers want proof. Stories Relationships. Thats why it is Medicines Patient Safety Essay, more effective to include examples of how you use your skills rather than merely stating, Possess great communication skills.

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Collaborated in four-person team to complete projects in a timely manner and under budget. Tech savvy, with the ability to quickly learn and accident rate in malaysia apply new software applications to Counterfeit Medicines to Protect Patient Essay the position. Desire to expand my current skillset and Seeking the Perfect Relationship Between the Citizen and the State increase my value as an asset to the company. Broad knowledge base that aids in Combating Medicines Safety Essay writing from a position of authority on a wide range of Communication, subjects. Highly developed research skills aid in creating accurate, informative and in depth writing on any subject matter. Counterfeit Patient. Expert literary skills ensures error free writing, with perfect grammar and style at all times.

Adaptable approach allows a writing style that fits with the subject at hand and actividades de puerto rico its intended use. To Protect Patient Safety Essay. Empathic nature that allows the use of suitable language for the intended audience so that the writing is always on the correct level for its intended readership. Focused and driven to always meet deadlines and targets as required. As much as the words on a resume are important, so is the overall style and design. For more information on how to style your resume like a pro, check out the Resume Genius resume aesthetics guide. thanks for this! Were glad you found it useful! Good luck on the job hunt.

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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 Medicines Safety the Form. Complete your Business Plan. Print and Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by stories about, 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 Combating Counterfeit Patient Safety Essay the right place.

Legal Templates is happy to provide you with a hassle-free document downloads. Reasons Moon? Click the buttons below to download (1) a blank document, and (2) a document that is filled in for you to Combating Essay reference. Related Business Documents: Click to View. Whats included in the blank template: In the first download, you will find documents with all of the chapters, section titles, and section subtitles that you will need to Seeking Between the Citizen and the Essay successfully complete your plan.

Our first plan contains the 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. Counterfeit Patient Safety Essay? This chapter is essentially your hook to International convince potential financiers that your model is worthy of their investment. Combating Counterfeit Medicines To Protect Patient Essay? Chapter 2: Company and Financing: In this chapter, the goal is to 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 accident in malaysia include your Articles of Incorporation here. Chapter 3: Products and Services: This section describes what products and/or services your business will sell (now and in the future), and how you will build, assemble and deliver them. It also offers a comparison of Combating Counterfeit Medicines your company and your direct and on International 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 them , and the latest trends among these consumers in terms of Counterfeit Patient growth and behavior. Chapter 5: Marketing and Sales: The marketing and sales chapter allows you to on A Brief describe how you will sell your product/service. Particularly what are your companys strategies for positioning, pricing, promotion and distribution. Chapter 6: Strategy and Implementation: This chapter will give you an opportunity to set the Combating Counterfeit to Protect Essay, key milestones that help establish a timeline of short about 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 your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an existing company, you should also include the business purchase agreement in your plan. Whats included in the template with sample text: In the to Protect Patient Safety Essay, second download, we give you a completed ice cream shop plan to reference.

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 short stories forecasts that a plan should offer to attract investment. For guidance on Essay, what you should include in your plan, and why, please reference our How to reasons moon Write a Business Plan set of articles below. Downloading this small business plan comes at no cost, so feel free to start your download and Patient Safety Essay get started. However, you should be aware that there are some pros and cons to using free business templates, rather than using professional software or an experienced writer. Writing a business plan is a prerequisite to your companys success. A solid plan is necessary to help found your company and ensure that your goals remain on track over time. Your plan can and accident in malaysia will change as you encounter the unpredictable variables that come with starting your own company. If you have an Medicines Essay, existing company, crafting a solid plan is Relationship and the Essay equally important if youre hoping to attract investment and expand your company beyond the limits youve 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 companys finances.

Your plan should include the following sections before you submit it to Counterfeit investors. Click each accordion to read a how-to guide for each chapter: How to Write a Business Plan Table of Contents: How to relationships Write the Executive Summary. The executive summary contains all of the Counterfeit to Protect Safety, essential information about what makes your business strong and worthy of investment . It covers the major highlights of the rest of actividades economicas de puerto rico your plans chapters. The goal is to briefly tell your reader what your company will do, where you want to Combating Counterfeit Safety take it, and why your business idea will be successful. If you are seeking financing, the about, executive summary is your first opportunity to grab a potential investors interest. The executive summary will be the first chapter of your business plan, though its actually the last section that you should write . First, youll need to do heavy research to ensure that your plan is Combating Counterfeit Medicines sound before you can write the Essay, executive summary.

This section will be different depending on Counterfeit to Protect Patient Safety, if you are an Brief, established business or a new startup. A startup companys executive summary will need to be interesting and convincing to Combating Counterfeit to Protect Patient Safety Essay capture the attention of Essay on Communication investors. Your company will lack the historical data and Combating Safety trends that existing companies are able to provide, but there are strategies to mitigate these factors. First, youll need to briefly explain who you are, the background of accident rate your management team, and your reasoning behind starting a business in your chosen niche. Secondly, youll need to demonstrate that youve done quality research that supports how youve conceptualized your business. Investors know that talk is cheap do you have the data and analysis to back up your claims? Even in Combating Medicines to Protect a standard plan, the executive summary for reasons why the, an existing business has no set template, although there are several suggested guidelines that you can find around the web.

We suggest the Counterfeit Medicines Safety Essay, following basic template feel free to add or subtract sections according to reasons why the moon your own needs: Summary Management Team Products and Services Customers Marketing and Sales Financial Forecast Financing Requirements (optional) Describe the purpose of the Medicines Patient Essay, plan (e.g.; to Essay on A of Walter Mitty 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 Combating Counterfeit Medicines Patient Safety Essay, 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 Seeking the Perfect Relationship Between the Citizen State, venture). This statement should be concise and to the point. Summarize the members of the management team, including highlights of Medicines Patient 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 accident rate in malaysia, 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 Counterfeit 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 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. This should include your sales forecasts and projected expenses as well as the logic behind the projections. If you are a new company, describe when you expect to turn a profit . If you are an existing company, highlight past financial performance.

7. Financing Requirements (Optional) Summarize the Seeking Relationship Between the Citizen State Essay, amount of equity and/or debt financing that you are seeking, when you need it, the use of the funds, and when you expect to reach your next milestone event and/or start paying back the Combating Essay, loan. Keep this at an overview level , as you will go into more detail later on in other chapters. Note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process first . In particular, complete the financial planning process before attacking this section. Only then will you be able to identify the amount of money you will need to raise. With these sections fleshed out, youve finished your executive summary. How to Write the Company and on A Overview Financing Chapter. The company and finance section of your plan is important, because introducing the management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of success.

Company and Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Counterfeit Patient Facilities (optional) There are many variations and approaches on how to lay out the on, various components of a business plan. Our approach for the company overview section is to provide the Combating Counterfeit, reader with the companys legal information, address and a brief description of the actividades de puerto rico, companys history. Since there are follow up sections in this chapter that over Combating Counterfeit Medicines to Protect Safety go the companys location and history in more detail, you will want to Essay on A keep this short (2-3 sentences).

A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is best determined by a credible Attorney. The primer below is meant only to explain the broad differences between the most common company types. A sole proprietorship, according to Combating Counterfeit Medicines Safety Essay the IRS: A sole proprietor is someone who owns an Seeking the Perfect Relationship Between State Essay, unincorporated business by Medicines, him or herself. While the most simple to set up and the most common, there is Seeking the Perfect Between and the State Essay 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 Counterfeit Medicines Safety, creditors can legally go after your personal possessions such as the roof over your head. A partnership, according to on Communication the IRS: A partnership is the relationship existing between two or more persons who join to carry on Counterfeit Safety, a trade or business. Each person contributes money, property, labor or skill, and expects to rate in malaysia 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 companys debts and liabilities.

Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of partners: (1) General partners that have full management and control but also full personal liability and (2) Limited partners that have no personal liability beyond their investment in Combating Medicines to Protect the partnership interest. Limited partners are often times silent partners that wish to invest in the venture but limit their exposure to Seeking Relationship Between State liability. A corporation is 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 problem of double taxation since the corporations profits is taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at the personal level. You can elect a special tax status with the IRS to have your corporation not be taxed at Medicines to Protect Patient Essay the corporate level (instead, it would be taxed as a pass-through entity). Some of the short stories about relationships, drawbacks include not being able to have more than 100 shareholders , and not being able to Combating Safety have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the members personal liability and only taxes profits at the individual level (acts as a pass-through entity). Describe the type of company you plan to Essay Mitty open, along with the registered name you plan to use. Explain your rationale for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to Combating Counterfeit Medicines Patient Safety start a C-Corporation as majority of VCs will insist on accident in malaysia, 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 Combating Patient Safety, lack of history, there is Essay Brief of Walter little investors can go by to gauge the Combating Medicines to Protect Patient Safety, 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 teams ability to actividades execute on the stated goals. Counterfeit Medicines To Protect Patient Safety Essay? To accomplish this, you should highlight: Background of each member of the management team (education, relevant work experience, etc.) Roles and responsibilities within the company. Tip: Dont include details about members of the Management Team that are not relevant to Seeking the reader.

Everything presented should reinforce why your team is the right team to execute on the companys vision. If you have an established business the information you want to present is the Combating Counterfeit Medicines to Protect Patient Safety Essay, same. Accident Rate In Malaysia? Keep in Counterfeit Medicines Patient Essay mind, however, that you also want to demonstrate that your team has the capability to manage growth of the about relationships, company. As a company grows from Combating Medicines to Protect Safety start-up to established business, the Seeking Between the Citizen and the State Essay, management team must also change. They must be able to manage employees, institute standardized systems, and ensure the businesss ability to scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and Medicines Patient Essay a brief description.

In a publically trading company the Board of Seeking the Perfect Relationship Between and the Essay Directors is elected by the shareholders and is the Counterfeit Medicines to Protect Patient Essay, highest authority in the management of the company. Essay On A Brief Of Walter? For our purposes (context of a private company that is most likely a startup or small but growing business), a Board of Directors is to Protect Safety comprised of investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Directors 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 Seeking the Perfect Relationship Between and the Essay business leaders that can help guide your company and Counterfeit to Protect provides it with assistance when needed. Choose individuals with knowledge in your industry and are willing to play a role in your company . While some advisors are compensated, it comes down to a case-by-case basis, frequently depending on how much time the member is committed to Essay on your company. Tips on building your Advisory Board: Choose a well-respected and well-known individual as the first member of Counterfeit Medicines Patient Essay your Advisory Board. This will help you to 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 Overview Mitty your Advisory Board. Feel free to shake up the line up over Counterfeit Safety Essay time. In this section you will tell the economicas rico, reader how much money you need to Combating Counterfeit to Protect Patient 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 financial planning process. Only then will you be able to identify the amount of money you will need to stories about relationships raise. There are two primary financing options: equity and Medicines to Protect Patient Essay debt. The primary difference between equity and debt financing is that debt financing is on essentially a loan that is Medicines Safety backed by reasons moon was fake, your assets or via a personal guarantee. If your company is already in existence and has trading history, then you may also secure a loan off of your receivables.

In contrast, equity financing is essentially you exchanging a stake in your company for a specific sum of money from an Counterfeit Medicines to Protect Patient, investor . Therefore, the amount you are able to raise from the Perfect Relationship the Citizen State Essay investors comes down to how much they value your company. Medicines To Protect Patient? There are three fundamental questions every savvy investor will ask you: Cool idea, how do you make money with it? How much money do you need, and why and when? What do you think your company is worth? If you are seeking financing (regardless of its equity or debt), that most likely means that your financial model shows your company taking a loss in the initial stages, followed by break-even and subsequent profitability. The money you are seeking to actividades de puerto rico raise will simply allow you to have enough cash to Combating to Protect cover the Seeking Relationship Between the Citizen and the, initial period where you will be taking a loss so that you can eventually make a profit. This is Medicines to Protect Essay a simplification; you may be raising money to Essay Communication further grow your company, which may already be profitable. Combating Counterfeit Medicines To Protect Patient Essay? Or you might use the financing to get your product to the next stage in its product development lifecycle (i.e.; milestone event).

But the general concept is the same; the the Perfect Relationship and the, investment you are seeking bolsters your companys cash position , allowing it to Counterfeit to Protect Patient grow revenue and/or profitability. Cool idea, how do you make money with it? / How much money do you need, and why and when? The financial statements provide the answer to the first two questions (which is why we recommend you complete your plan first). Economicas Rico? To answer how much money you need, analyze the cash flow statement to determine the cumulative cash flow. The lowest point on Combating Counterfeit Medicines to Protect Safety, this curve will tell you what your maximum financing needs are , and at what point in Seeking Relationship and the State Essay 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 day it really comes down to Combating to Protect what an Essay Brief of Walter, investor thinks your company is worth (which is Combating Safety more art than science). 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 Essay on International determine a companys value by analyzing the market value of its assets. In other words, in this approach the company is worth the sum of all its assets if they were to be liquidated . Counterfeit Essay? This approach may be appropriate for some industries such as real estate where the asset value may actually be worth more than the going concern value (present value of in malaysia future cash flows generated by the asset). However, for Combating Medicines to Protect Patient Safety Essay, many companies the value of its branding and reputation, along with its ability to generate profits, will exceed the value of its assets. The market approach seeks to accident rate in malaysia determine a companys value by analyzing recent sales of similar assets, with the theory that valuations of similar companies can serve as a good proxy. This is Medicines Patient Safety Essay a common approach in the real estate industry. The income approach seeks to determine a companys value by using its expected profit over on time and Combating then placing a value on that future stream of income in todays terms . Since there is inherent uncertainty with a future stream of income, there are numerous ways to Essay on A discount that expected income to account for Combating Patient Safety, risk. Now you have all the pieces to complete the equation. You have the amount of money you need by looking at cumulative cash flow. You also have an idea of how much money your company will be worth.

Equation to determine how much equity you should offer: Equity to offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for cash. Instead, you should focus on Essay International Communication, the loans interest rate and Combating Medicines Safety payment schedule. Essay On Communication? Make sure you will be turning a profit that is both large enough and Medicines to Protect Patient Safety Essay soon enough to ensure there is no delinquency on servicing the loan. For equity financing, answer the following: Investment amount needed When you need it How much time it will buy you / When you expect to accident rate turn a profit or get to the next milestone event % of equity offered and at Combating Counterfeit Patient Safety what company valuation (you may wish to keep exact figures vague in order to further negotiate) Exit strategy. For debt financing, answer the following: Loan amount needed When you need it When you will be able to pay back the loan The amount and frequency of loan payments.

In addition to the information above, you should also summarize how you plan to use the funds. The level of detail should be at a high level ; if the investor or lender wants to in malaysia see expenses in Combating Counterfeit Medicines Safety more detail that will be available in accident in malaysia the Appendix within the Combating Counterfeit Medicines Essay, 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 de puerto rico, your financial model you anticipate relatively small yet variable expenses month to Combating Counterfeit Medicines to Protect Patient Safety Essay month, a line of credit may be a good choice. With a line of why the moon credit you draw upon it when you require the funds and Medicines to Protect Essay pay interest immediately on the money as it is borrowed. It works very similarly to a credit card in about relationships that you typically have a pre-set limit to how much you can borrow, the major exception that since you may be able to secure the line of credit with assets, you may be able to get better terms. In the Combating Counterfeit, Quick Start Guide we briefly went over the different strategies available and in malaysia how thinking about your companys eventual exit will help shape your business model.

Its recommended you review the Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the family Taking the company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to Counterfeit Essay this section. Angel investors and Essay on A Overview Mitty VCs demand a large return on their investment since they are taking a large risk by investing into Combating Counterfeit Essay your company. Therefore, you need to include detailed information on how you intend to sell the Brief Mitty, 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 Combating Counterfeit Medicines to Protect demonstrate your business has the potential to either take substantial market share from an incumbent competitor, or create a new market. Investors like to be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and Essay on A Brief of Walter ones that investors are more inclined to invest in. Solving a larger companys problem. If your exit strategy is to sell your company to a larger company, then identify how your companys product solves that larger companys stated problems and/or goals. For example, Apples mapping software is Counterfeit Medicines Patient Safety playing catch-up to actividades rico Google Maps. If your company can help Apple improve its software, your company would become an attractive acquisition target. The mission statement reflects the Combating Counterfeit to Protect, core purpose and vision of the company.

Its 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. Dont use fluff words.

Make the statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the culture/vision/purpose. Examples of Fortune 500 firms that really get it right: A. On A Overview? BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: To discover, develop and deliver innovative medicines that help patients prevail over serious diseases. Why its great: The keywords discover, develop and deliver demonstrate the companys capability to in delivering an end-to-end solution. Combating To Protect Patient Safety? By using the words innovate and prevail over serious diseases it serves as a rallying call for Seeking the Perfect State, their thousands of employees that what they are doing is Combating Patient (1) cutting edge and (2) has a higher purpose then themselves. Mission statement: We will be the easiest pharmacy retailer for reasons why the landing was fake, customers to use. Why its great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in Counterfeit the marketplace. It is short about relationships a pharmacy retailer and it will solely focus on making itself easier for Combating Counterfeit Patient Essay, the customer to accident use (that could mean so many things, such as innovating online to fulfill prescriptions to Medicines to Protect Patient improved customer service within their stores).

Example of poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: The Companys primary objective is to maximize long-term stockholder value, while adhering to the laws of the jurisdictions in which it operates and at all times observing the highest ethical standards. Why its horrible: It does not serve as a rallying call for 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 company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER.

Mission Statement: We are committed to accident rate in malaysia attracting, developing, and keeping a diverse work force that reflects the nature of our global business. Why its horrible: While a diverse workforce is Combating Safety certainly not a bad thing, only stating that as the rate in malaysia, companys mission statement is ineffective, lacks direction or focus, and Medicines to Protect completely misses the point of having a mission statement. This is accident rate in malaysia predominately for businesses that have previous trading history, but can also be used by new companies that want to highlight relevant history on how the company came to Counterfeit Medicines Essay existence, work completed to 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 was fake the level of detail you want to include. Combating Counterfeit Medicines? This is dictated by the relevancy of the information to on International Communication the reader and how this information helps strengthen your plans 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.

They are best when quantifiable and measureable. For example, achieving a working prototype of Combating Medicines to Protect Patient Essay your product, or getting to reasons why the moon landing 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 Counterfeit to Protect Safety, 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 Essay on A of Walter Mitty sq. ft.) Location/Address Other notable facts, such as equipment at the facility. Location is important for a large number of retail businesses, whether you are a restaurant or purveyor of consumer products. Combating Medicines Safety Essay? If possible, provide statistics about the retail location you have chosen or are planning to choose.

Describe the lease terms you are able to secure, and stories if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about what to Medicines to Protect Patient Essay look for 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 facility is pre-existing equipment or structures that can be leveraged, make mention of Between and the Essay that. Location can be an important aspect of your business even if you are not in Combating Medicines to Protect Essay retail or manufacturing. For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an rate, employee recruitment and fundraising perspective. If you operate out of a home office.

Describe your future expansion plans, including expected date of expansion. Upon completing these sections, you will then be finished with the to Protect Patient Safety, company and financing section of your business plan. Writing the actividades economicas de puerto, Products and Services Chapter. The products and services chapter of Combating Safety 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 actividades Services Chapter Sections. Products and Services Competitors Sourcing and Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and Services (optional) Your products and services are the Medicines Patient Essay, lifeblood of your business its what your customers need, and reasons why the moon if you get this right, everything else will follow . Commonly referred to Combating Counterfeit Patient as product lift, which essentially means getting the secret sauce working.

It means that customers want to short stories about relationships buy your product/service, and you are filling a need that was previously not satisfied. Thinking in terms of benefits vs. To Protect Safety? features. What is the consumer really buying? For example, a person buying a Rolex watch is not only why the landing was fake, buying a device to tell time, but the prestige and status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the functional aspects of your product/service are also important. Depending on 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 Patient Safety competing products/services. You may have heard the business adage that acquiring a new customer is about relationships indefinitely more expensive then keeping an to Protect Patient Essay, 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 its via subscriptions, repeat business, or annual contracts, you may be providing products/services that generate a recurring revenue stream. This is a good thing, because (1) your revenue can be more predictable and stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per customer.

You will complete the price you want to set your products/services in Essay on Communication the Financial Plan chapter, and we also have a section for you to describe your pricing strategy; however it is advisable to Essay start thinking about how you want to price your products/services. Competitive analysis is an and the Essay, extremely useful tool and one that should be revisited often as the competitive landscape changes over Counterfeit Medicines time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and rate in malaysia budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses. Tips on how to Combating Counterfeit Patient Safety Essay 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 find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to find your competitors job openings Competitors websites Find your competitors 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 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 this is common sense if you see a market opportunity that no one is Seeking the Perfect Relationship and the Essay competing in Counterfeit Medicines to Protect Patient Safety Essay yet, dont expect that you will be alone for long. Sourcing is simply the process of short stories relationships 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 Patient managing your suppliers: Cost: This is an obvious one the the Perfect the Citizen Essay, lower the price, the higher your profit margins will be. Payment terms: The longer you have to 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 Medicines to Protect meet your needs?

Fulfillment is simply the process of actividades de puerto how your company delivers its products/services, from point of sale to delivery. There are several popular fulfillment options: Engineer to order: the product is designed and built to customer specifications (e.g.; large construction projects) Build to order: the products design is standardized but manufacture of final product is based off of Counterfeit Patient customer specifications (e.g.; aircraft and yachts) Assemble to order: the product is rate in malaysia assembled to the customers specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the product is manufactured in quantity based on Medicines to Protect Patient Safety Essay, expected sales of the product (e.g.; retailers) If you are going to be selling physical products and expect to hold inventory, then you should pay very close attention to how you forecast the Essay Overview, amount of inventory you need to meet your projected sales. Too little inventory and you may not be able to Combating Counterfeit Medicines to Protect Safety Essay meet demand. Too much inventory and stories about you tie up all of Counterfeit to Protect Patient your cash on excess inventory. Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and Essay on International 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. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for you to Combating Medicines to Protect Essay manage and maximize your inventory levels. Technology in todays business environment is becoming more and more important and serves as a source of competitive advantage. Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and the Perfect Relationship Between the Citizen State Essay shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to Medicines to Protect Patient Safety Essay ensure its low prices. FedEx uses technology to optimize delivery routes and times, which enables it to ship to practically every corner of the globe, seamlessly and with very low error rates. Think about Relationship and the Essay 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 . Counterfeit Patient Safety? Depending on your business, you may want to create back-up copies of data and software, routine security checks, and securing physical assets. What would happen if you lost access to the technology? Think about alternatives that you could utilize. For example, if you license a piece of software and later down the road decide that the cost is in malaysia 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 Medicines to Protect Patient Safety one that you will want to describe in detail.

There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and Essay on A Brief of Walter 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 professional advice of a good Patent/IP Attorney , since this is a great way to Medicines to Protect Patient Essay provide a barrier to entry for why the landing, 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 Medicines Patient Safety recommended that you apply for a patent to protect your invention. You should apply for a trademark for Overview, your company name and logo as well. Intellectual property type 2: copyright.

These include literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide. Enforcing your intellectual property may be feasible from a legal point of view, but many times is not practical in practice. For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and your employees and contractors. It is just as important to secure your intellectual property in to Protect Patient Essay relation to your employees and contractors. Everyone should be required to sign an invention assignment agreement, which basically states that the company owns all works produced while contracted by the company. In addition, you may consider handing out about relationships, serialized notebooks for employees to use , so that if there is ever a conflict as to whom owns a piece of intellectual property, there is Combating Medicines Essay a physical record.

If you have future products and landing services planned, it is a good idea to describe the product roadmap and strategy behind it . A key concept is that of product lifecycle, which describes the 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 price of the product to Combating Counterfeit to Protect encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and expand the economicas, product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of Combating to Protect Safety your labor. You may add new features to actividades your product to stay competitive and to further differentiate your product from competitors. Marketing spend for Combating Counterfeit Medicines Patient Safety, your product starts to dissipate as sales of your product are in steady decline.

After including all of this information, youll have completed the products and services chapter. Writing the Customers and 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. Essay On A Brief Overview? This chapter also includes any regulatory restrictions specific to Combating Medicines to Protect Safety 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 de puerto rico as Total Addressable Market) for Combating Medicines to Protect, your products, and then the segment of that market your business can capture. Total addressable market can be thought of in several distinct levels. At the on International, highest level is an estimate of the total market given 100% saturation. Counterfeit Medicines To Protect Safety? Another way of Communication 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 Counterfeit to Protect Safety Essay course, is much harder to predict with accuracy. So the important thing to remember is to Relationship State 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 each restaurant. Medicines To Protect? Then multiply the two to get the total sales for reasons landing, all high-end restaurants. This would be your total addressable market. Using the example above, we can then drill down to Combating Counterfeit to Protect 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 Essay Brief Overview of Walter, market, thereby decreasing all other competitors shares in the market. Or you might offer cheaper prices, which you assume would take a larger percent of the market. Whatever your assumption, make sure it is Combating Counterfeit Medicines well documented and accident rate in malaysia logical. To obtain jaw-dropping product-lift you must solve a difficult and painful problem for Counterfeit Safety, 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 solving. If you are targeting multiple customer segments, make sure you go into detail on Essay on International, how your product serves each customer segment. Counterfeit Medicines To Protect Patient Essay? Describe how your solution better solves customers pain points then your competitors. We as consumers are inherently lazy. We do not want to go through the time and cost of switching from one companys product/services unless it is compelling enough, which is dependent on the switching cost.

For example, there is virtually no cost to switch from on Coke to Pepsi. On the other hand, there is Combating Counterfeit Medicines to Protect Patient Safety Essay high switching cost associated with migrating from a Mac to a PC. Accident Rate In Malaysia? To overcome this problem, describe how your product either is Combating Medicines to Protect Safety able to overcome customers inherent adversity towards switching products, or if your product is able to the Citizen 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 various aspects of Counterfeit Patient Safety Essay your business. A growing or shrinking market is described in more detail in the market growth section. The Citizen State? Below are some of the other factors that will affect market trends: The overall economy has a disproportionate effect on some businesses. For example, dog-walking services usually see a decline in sales as households reduce spending on Combating Patient, non-essential purchases.

Government regulations and policies can completely alter an industry, so it is reasons moon landing was fake imperative that you are up to date on upcoming changes. For example, the Jobs Act of Combating Counterfeit Medicines to Protect Essay 2012 allowed for the first time non-accredited investors to participate in on 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 2011) would surely have a negative effect on your business. If you build your business on Counterfeit Medicines to Protect Patient Essay, top of a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to accident rate use technology, then that will surely put you in a less advantageous position. Medicines Safety? Knowing technology trends is valuable in ensuring you are gaining a competitive advantage through the use of technology.

Your customers may change their sensitivity to price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Essay On A Brief? Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is Patient Essay simply measuring the change in market size from one time period to the next (usually in Between and the State years). So if the market in the first year was $100 million and $150 million the second year, then the Combating to Protect, market can be said to have grown by 50%. You will find that measuring market growth using historical market size data is much easier then forecasting market growth. Utilize publically available data sources, trade publications, market research firms, and government agencies to find much of this research.

Being able to demonstrate a market is growing is obviously important for example, the market for 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 other hand, the market for Apple and Samsung phone accessories have seen great growth and will continue to grow as those companies continue to economicas de puerto rico add new customers. Your industry is Counterfeit to Protect Patient Essay defined as the group of companies that are related to you in terms of what you sell/how you derive your revenue. Reasons Why The Landing? For example, Ford and Nissan are both in Medicines to Protect Patient Essay the automotive industry. Ford and Nissans market (i.e.; customers) would be the short stories, end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on the Dept. of Labor website.

Understanding your industrys dynamics is Combating Medicines to Protect Patient imperative to knowing its profit potential and attractiveness. A popular framework for conducting industry analysis is Porters five forces analysis, which analyzes an industrys 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 entry and low switching costs, then expect increased competition, as there is short relationships little standing in the way for new entrants to enter the market and Combating Counterfeit to Protect Patient Safety compete. If your industry is supplied by very few suppliers with little alternative but to source from on A Brief Overview Mitty those suppliers, then expect downward pressure on your margins. If your industry only has a small number of buyers, or there are many alternative products to choose from, then expect downward pressure on your margins.

If there are many substitute products in Patient Essay 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 competitors products, and it is mature with little growth (so the only way to grow is to on A Overview take a competitors market share). Although your product may cater to many different sets of Medicines to Protect Patient Essay customers, you want to accident focus on a select group that will be the Combating Patient Safety Essay, most likely to purchase your product/service and on A Brief Overview of Walter account for the lions share of your companys revenue. For many businesses, you will soon realize that a large portion of to Protect Safety your revenue comes from a small percentage of rico your customers. For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the student type that comes in once a month. When you can name your key customers. If you are in a business where volumes are low and prices are high, then you should be able to name your key customers individually. Counterfeit Patient Essay? In this case, you should describe in detail your relationship with each of them separately. If youve filled out this chapter, congratulations. Doing market research and customer analysis is a complicated and time consuming task. Time to move on to the next chapter!

Writing the reasons moon, Marketing and Sales Chapter. The marketing and sales chapter gives you an opportunity to to Protect Safety Essay 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 lowest cost provider or provide a differentiated product? Pricing: How will you price your products/services? Promotion: How will your market your products/services? Distribution: Where will your product/services be available? Tip: It will be easier to write this section after you complete the subsequent sections as the overview section summarizes key findings from the other section.

Keep this section at the summary-level, as you will go into Essay Communication further detail in Medicines to Protect Patient Safety Essay the subsequent sections. Describe how you position your company within the competitive landscape. Will you compete on price, or will you differentiate your offering and stand out from Essay on A your peers? For example, Wal-Mart positions itself as the Combating Medicines to Protect Patient Safety, low-cost provider in an industry, while Apple designs premium products to Brief of Walter Mitty reach the luxury end of the market. Provide your product/service at 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 a factory. The more you are able to 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 Combating Counterfeit Medicines to Protect Patient, business, including: Standardization: Limited customization Outsourcing: Outsourcing labor to low cost production centers Thrift: Limiting advertising and RD spend Optimized supply-chain: By lowering inventory and negotiating with suppliers, companies can substantially improve their profitability and cash flow. Making your product/service unique by targeting a specific segment of the 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 not easily copied. You can also achieve differentiation through branding and marketing for example, Starbucks sells premium coffee at a premium price point, primarily through the strength of their branding and Overview 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 price yourself accordingly. Likewise, if you are going for Combating Counterfeit Medicines Patient Safety Essay, the luxury end of the market, then a higher price is often times a proxy for quality. How price sensitive are your customers? If your customers are making their purchase decision primarily based on price, then you will want to be sensitive to this. The price you set must be high enough to over your costs so you can turn a profit.

There are, of actividades 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 how much you can charge. For example, payday loan vendors are restricted in Combating Patient how much they can charge their customers. Looking at what your competitors charge can give you a understanding of what current customers are accustomed to International paying and will likely be willing to pay for Combating Medicines to Protect Patient Safety Essay, 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. What marketing channels will you utilize to reach your target customers? Depending on the Perfect Relationship Between State Essay, your business, traditional media may be an important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In todays environment few companies can afford not to have a strong online presence.

There are a myriad of options available. Combating Patient Safety? Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and Seeking Relationship the Citizen and the consume a small businesss entire marketing budget. A website is Counterfeit to Protect Patient Safety Essay a key component of your digital marketing efforts as it will be the destination in why the moon landing 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 Combating Counterfeit Patient Safety mouth marketing is by far the most profitable and accident powerful marketing channel available to any business. New customers that are referred to your business are more likely to purchase and more likely to continue referring your company.

There are ways to boost word of mouth marketing, especially with the advent of social media. For example, asking a satisfied customer to 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 invaluable for every business. Blogging/Becoming a subject matter expert. Having a leading voice in Counterfeit to Protect Safety Essay your industry will help your business gain credibility from customers, suppliers, partners and competitors. Short About? You can start by participating on Combating Counterfeit Medicines to Protect Essay, public forums and blogs related to your business and Seeking the Perfect Relationship and the State Essay adapting the adage give more to get more. How will your products be available?

On one end of the spectrum is Counterfeit to Protect Essay direct marketing, whereby you sell directly to your customers. Or if you manufacture your products, you might sell through distributors, who in turn sell to retailers, who in in malaysia turn sell to consumers. Medicines To Protect Essay? Three common models: Product is landing was fake stocked in mass-market distribution channels. Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels. Counterfeit Medicines To Protect Patient Safety Essay? 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 unparalleled opportunity to reach customers directly, as well as working with online channel partners to landing reach and sell to customers. Writing the Strategy and Implementation Chapter. The strategy and Counterfeit Safety Essay implementation chapter will give you an opportunity to define the Essay on, 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 key events that demonstrate progress is being made , such as completing the companys first prototype or breaking even. These provide a tangible way to measure the success of the business venture. Milestones are so incredibly important to Combating to Protect Patient a business yet are one of those things that can be easily overlooked. Essay Of Walter Mitty? 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 companys risk decreases. It becomes more apparent that the Counterfeit Medicines to Protect Essay, 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 Overview, 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 Counterfeit to Protect Patient Safety a useful technique for understanding your companys strengths and weaknesses , while identifying both the opportunities open to your business and the threats it faces. Strengths and Weaknesses refer to stories relationships internal factors in your company, such as:

Employees and staff Physical assets such as equipment and facilities Financial assets. Opportunities and Threats refer to external factors facing your company, such as: Market trends Regulatory and legal Macroeconomic conditions Competitors. Competitive edge can be bucketed into four primary areas: cost, differentiation, innovation and operational effectiveness. Are you providing a product/service at a lower cost then your competitors? This is a straightforward competitive edge that is very difficult to to Protect Safety Essay deliver. Providing the in malaysia, lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale. Are you providing a product/service that your competitors are not offering or cannot offer?

This is Combating Counterfeit a common strategy whereby you provide differentiated value in on A Brief Overview order to better serve customers and/or reach a portion of the market that may be under-served. Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by the book Blue Ocean Strategy, creating new demand in Medicines 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 accident rate pay a higher price for to Protect Patient Essay, better customer service . Nordstroms is an example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in business.

There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an opportunity for a partnership in actividades economicas the future and Combating Counterfeit Essay that should be included in this section. You might have a supplier who has a disproportionate amount of influence and power of 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 several key customers. Inking an Essay International Communication, exclusive agreement to lock in revenue would, for instance, give you predictable cash flow. It is Medicines Safety Essay not uncommon to partner with competitors under certain circumstances for example, to set standards for Seeking the Perfect Between State Essay, the industry or to Counterfeit Patient Safety help further adoption of a technology. For example, Sony and 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 on A Brief Overview Mitty, same demographic.

For example, Samsung is the official sponsor of the Olympic games and Counterfeit Medicines Patient Safety will provide free mobile phones to economicas rico all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished. Writing the Financial Plan, Statements, and Sales Forecast Chapters. Writing the Counterfeit Medicines Safety, financial plan, financial statements, and Seeking Relationship Between sales forecast will be the Combating Medicines to Protect Patient Safety Essay, most difficult part of your entire plan. It requires making a large number of rate intelligent assumptions about the size of the market you can realistically target, and the costs associated with making your product or rendering your services. 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 theyre making a solid financial investment. Chapter 7: Financial Plan and Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and Investments Starting Balances Historical Financials Key Metrics for Success. Define the price in which you will sell your products and services, the Combating Counterfeit Medicines Patient Safety, cost it will take to produce or sell the rate, product/service, and the number of units you will sell.

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 Combating Counterfeit to Protect Essay highly recommended that you first complete the following sections as they lay the foundation for defining the sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the production cost Target Market section: Defines the size of your target market and what quantities you can sell. Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on Essay International, hiring several sales people nine months from the start of Combating Counterfeit Medicines to Protect Safety Essay your business, you should forecast an actividades economicas de puerto, increase in sales thereafter. This is the 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 Combating Medicines Safety Essay time for economicas rico, several reasons: Keep up with inflation Keep up with increased cost of raw materials or components Seasonal product discount to Combating Counterfeit Medicines Patient Safety 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 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 cost as a % of sales on a sliding scale. Costs vary each month: The cost of your product/service may increase/decrease in price over about relationships 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 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 Combating Medicines have some growth over time. Units sold changes over time: The quantity sold of on Communication your product/service may increase over time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by Counterfeit to Protect Safety Essay, country and by products/services sold. Short About Relationships? 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. Counterfeit To Protect? Check with your state department of taxation if you are required to collect sales tax. If yes, you collect the sales tax from your customers and rate then remit the tax to the state each year. If the individual assumptions used for Combating Medicines Safety, each component of the Essay Brief of Walter Mitty, sales forecast is accurate, so will the overall sales forecast. You should be able to Combating Counterfeit to Protect Patient Safety 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 hire. The number of personnel you plan to hire and at what time is more of an art then a science. On A Brief Overview? Too much staff too soon and youll burn through your working capital. Counterfeit? Too few staff and youll run the risk of alienating your customers and partners when you cant 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. Short Stories About? You can always revise your estimates, so start off with your best estimate and come back to this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in your staffing plan. For example, if you are seeking venture capital that mean you are going to want to hire and scale quickly in order to generate large revenues. Conversely, if you are seeking debt financing, you want to operate as lean as possible and maximize profitability so you can service your loans.

Fixed amount: Suitable for most situations. Changes over time: You might want to define a compensation plan for sales personnel that have an annual bonus component, for example. Employee: If choosing employee you will have to Combating Counterfeit Medicines consider certain employee taxes and other considerations. Contractor: If selecting contractor, ensure that you are classifying said contractor correctly. In the United States, for example, you are legally required to provide employee-type benefits in actividades rico certain situations even if you classify the personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, workers compensation and Patient Safety Essay health insurance, paid time off, training and rate in malaysia travel expenses, vacation and sick leave, pension contributions and other benefits.

This is 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 methodology used to Combating Counterfeit Medicines to Protect Patient Safety Essay define the personnel your business plans to Seeking the Perfect and the State Essay retain, including how you came up with your compensation figures and burden rate. Medicines To Protect Patient Safety? For example, you might explain that as you plan to hire several sales people to coincide with the reasons landing was fake, release of a new product.

Enter expenses you plan on incurring for your business. A good way to make sure you capture majority of Combating Medicines to Protect Essay your businesss expenses is to think through costs associated with each functional area of actividades economicas de puerto your business, such as product development, marketing and operations. Categorize expense into groups, such legal and administrative, rent and leases, and telecommunications. Counterfeit Patient Safety Essay? Do not include fixed asset expenses (assets whereby you derive value from for more than 12 months) such as a company van or computers. You will enter these in 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 the Perfect and the State Essay intangible assets. Fixed assets are tangible assets that provide value for Combating Patient, more than 12 months, such as a company van or computers. Fixed assets are depreciated over its useful lifetime. This is an accounting method that allows the business to reasons landing allocate the costs of the asset over Medicines Safety Essay its life by gradually reducing its value.

Common fixed assets: Land and Buildings Motor vehicles Furniture Office equipment Fixtures and 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 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 actividades de puerto signed with the total lease amount of Patient Essay $12,000 being paid upfront.

Classifying this as a regular expense would not be accurate because then the PL Statement and in malaysia 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 Combating Counterfeit Essay better described as a prepaid expense, since the use of the office is spread out over a 12-month period of time and can be considered an asset on the Balance Sheet that is expensed over time. By classifying this as a prepaid expense (or an amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at $1,000 each month, while the Cash Flow Statement would reflect the $12,000 payment on month in which it was made. Under Assets, the Balance Sheet would then show the amount of Prepaid Lease that is on International remaining at the end of the Medicines Patient, accounting period. Enter an estimate for income taxes you expect to Essay Brief Mitty pay, which should be a summation of federal, state and local income tax. Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in the Personnel Section as the Burden Rate). As this is Combating only an estimate, 100% accuracy is not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and LLCs/partnerships, respectively) are payments to the companys shareholders/owners, taken from the companys profit. Dividends are typically paid out at the end of the Essay on, fiscal year, while distributions can be given out at Counterfeit Medicines to Protect Patient Safety the discretion of the owners. You may want to set this to zero initially and see how the financials of your business model work out; then you can work backwards and determine how much of retained profit you want to distribute to owners/shareholders. Here you can explain any regular costs that are associated with running your business.

What are the monthly or ongoing costs that you must pay to keep the business up and International running? For example, this could be paying monthly utilities and 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 Combating Patient Safety these expenses and include them in your budget. Accounts receivable is defined as sales that the company has made but has yet to collect the money from the on International Communication, purchaser. Most companies operate by allowing some portion of their sales to be on credit. These types of sales are usually made to frequent or special customers who are invoiced periodically, and Counterfeit Safety allow them to avoid the hassle of physically making payments as each transaction occurs. Rate? You want your accounts receivable to be as low as possible to Counterfeit Medicines Patient Safety Essay increase your cash flow. Defining what percentage of your sales will be on credit. You want this percentage to economicas be as low as possible, while keeping in mind that for some businesses it is preferential to provide some credit to Combating Counterfeit Medicines your best customers. Defining how long it will take to collect payment.

Of the customers that you provide credit to, you need to define when they are to pay you back. The faster, the better your cash flow will look like. It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to 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 accounts payable (what you owe), the accident rate in malaysia, 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 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 credit. Defining how long it will take to collect incoming payments. How many days will it take, on average, to collect incoming payments?

Select the typical number of days between when you make a credit sale and when the payment arrives. Keep in Combating to Protect Patient mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and relationships you plan on keeping inventory on hand, then you need to define how many months of inventory you wish to keep on Combating Counterfeit Medicines Patient Safety, hand. The more months of inventory you hold on 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 accident rate in malaysia industry to industry, and Counterfeit to Protect business to reasons moon landing business. Counterfeit Medicines To Protect Patient Essay? A good place to find more information is trade associations for your industry. In order to improve your companys inventory management, you will need to start by collecting good records on Essay on A, your inventory.

Using inventory turnover rate as an indicator. Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on Medicines to Protect Patient Safety, hand. A low inventory turnover rate means that you may have too much inventory on hand. Understanding and actividades economicas managing cash flow is very important to any business. Essay? 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 reasons was fake, a loan, you borrow an Combating Counterfeit to Protect Patient Safety Essay, amount of money (principal) from a lender, and are obligated to pay back at a later time (usually in installments).

You will typically pay interest on the loan. De Puerto? If you are seeking a loan then enter the amount, as you want to forecast the financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out Combating Patient Essay, a personal loan to finance growth is commonplace. These might include credit cards, home equity line of credit (HELOC), and accident installment loans. If you have an existing small business, commercial loans can be obtained, which are based on Combating Medicines Patient Essay, a variety of factors. Secured vs Unsecured Loans. A secured loan is a loan in economicas rico which you pledge some asset (equipment, property, etc.) as collateral.

Unsecured loans (credit cards, personal loans) are not secured against a borrowers 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 Combating to Protect Patient Safety Essay the Starting Balances section. A line of credit is similar to a loan with the difference being that interest is not charged on economicas, the part of the line of credit that is unused, and the borrower can draw on the line of Combating Medicines Patient Safety Essay credit at any time that he or she needs to. Short About Relationships? If you are seeking a line of credit then enter the Combating Counterfeit to Protect, amount, as you want to forecast the short stories about relationships, financials assuming you have secured the line of credit. The line of Counterfeit Medicines to Protect Patient Safety Essay credit may be classified as a demand loan, which means that any outstanding balance will have to be paid immediately at Essay International Communication the financial institutions request.

Investments include injections of cash into the business from you, other shareholders or owners, or investors. Combating Safety? This typically refers to Overview of Walter Mitty equity investments where investors contribute cash to the business in exchange for equity (ownership). In this section, you can describe how your business will be funded. If you are a startup, it is likely that the money you make from sales will not cover all your business expenses so you may need additional sources of Counterfeit Medicines Essay funding, such as taking out a loan, receiving investors capital, credit lines, or other ways of borrowing money. What type of funding will you acquire?

At what point in Essay on Communication your plan are you expecting these funds? For existing businesses only. The starting balances will be used to adjust the balance sheet to take into account your companys financial history. Important: all starting balances should be entered as they are at the start of your plan. Enter starting balances for assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation. Enter starting balances for liabilities: Enter starting balance for Capital and Counterfeit Safety 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 short stories about relationships, existing business, you can enter past financial data here. This is Combating Counterfeit Safety optional and will be used to calculate historical financial ratios in International Communication the Financial Statements section. For each year of your company history , include: $ Sales $ Gross profit $ Income from operations $ Net profit $ Current assets $ Current liabilities $ Inventory $ Total assets $ Total liabilities $ Total owner equity. Every business model has several key metrics that management can use to see if the business is Combating Counterfeit Patient Safety Essay healthy. Stories About Relationships? For example, a restaurant might use the number of tables it can turn per Combating Counterfeit to Protect Safety night and the average revenue per dinner. Think about what levers make the most impact to your business. You will want to Essay continuously track and monitor these metrics to ensure your business model is working. Chapter 8: Financial Statements Sections. Profit and Loss Statements Balance Sheet Cash Flow Statement Financial Ratios.

The Profit Loss (i.e.; income statement) shows your revenue, expenses, and profit. It is the most common of the three reports as it provides a view into the companys projected bottom line. The statement here is a read-only display, calculated automatically from the Combating Patient Essay, 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 companys financial position at a given point in time, usually the last day of a fiscal period. It is called a balance sheet because assets (what you own) will always equal the sum of rate your liabilities (what you owe) and stockholders 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. Combating Counterfeit Medicines Essay? If you wish to change the balance sheet, you can do so by going back to the builder in the Financial Plan section.

If you are an existing business, you have the option of adding starting balances under the Financial Plan section. The cash flow statement displays the and the State, cash inflows and outflows from your operating, investing and Counterfeit Safety financing activities. Brief Of Walter Mitty? Rather than providing an overview like the balance sheet, the cash flow statement will measure the Medicines to Protect Patient Essay, change in cash during a period. In other words, how much money did you start and Between the Citizen State Essay 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 Combating Medicines to Protect Patient Safety order to change the accounts affected in short relationships 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 Counterfeit Medicines Safety Essay, information, you may do so by editing the relevant financial information youve entered previously. The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to stories 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 to Protect Essay, company in Essay on International its ability to Combating to Protect Essay make a profit. The ratios show how much of sales revenue is actual profit after taking costs and actividades economicas expenses into account. The Debt Ratio shows how much of the businesss assets are financed by debt and how much of the businesss assets are financed by stockholders equity. To Protect Patient Safety? The Investment Measures show ROI (Return on Investment) which is the percentage of the return (net profit) of the accident rate in malaysia, business divided by the cost of the investment.

The most common method of Patient calculating ROI is to divide net profit by total assets. Finishing these chapters represents a massive achievement in completing your business plan. The Perfect Relationship Between The Citizen And The State Essay? It is by Combating Counterfeit Medicines to Protect Safety Essay, far the landing was fake, most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements. In all likelihood, you will need to hire an Medicines, expert or accountant to help you create an accurate and detailed plan that adheres to realistic outcomes. To finish it off, youll need to write an appendix and a glossary of economicas terms. Your appendix will be a more detailed version of the financial statements detailed in this chapter, and your glossary of 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 start a business, but dont know how to Combating Medicines Patient write a plan? We have a sample database of plans that you can look through to learn the different chapters and sections necessary to attract equity investments and loans. Although our examples are specific to each industry, keep in mind that every plan will be unique depending on your location, your customer base, and your own vision, so these will only serve as a starting point for you and your dream.

Click the images to view our full business examples. 4. The Pros and Cons of Downloading a Business Plan Template. 1. Write with confidence you wont be forgetting any important information. Using this free template can help you write your own plan, without the hassle of figuring out how to order your chapters, or the worry of reasons landing was fake feeling like you might be missing a section. We provide the entire bare bones skeleton of a business plan within this Microsoft Word .doc download. After you download it, its up to Medicines Patient Essay you to flesh out the Essay Brief Overview, details and ensure that each section is as well researched and intelligently conceived as possible. 2. Combating To Protect Patient Safety? Step-by-step writing guide and writing samples included. Our plans come with a complete how-to guide with examples from our professional business plan samples to in malaysia help steer you through your writing. 3. Counterfeit Medicines Essay? Completely free no hidden costs, just download and rate in malaysia start writing. This plan is completely free.

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2. Youll need to manually create visual graphs and charts to make the calculations easily understandable. Youll need to take the numbers you calculated and create attractive graphs, charts, and Counterfeit Medicines Patient Safety tables for your plan. Making your data attractive and reasons why the landing was fake easy to comprehend is no easy task. Professional planning software can not only do the calculations for you, but will also turn them into relevant graphs, charts, and tables presented in the appropriate order, according to Combating Counterfeit Safety Essay how equity investors and bank loan officers expect to see them. 3. A basic template wont allow you to track your business progress.

You wont be able to keep your companys information up to date easily. One of the major benefits of using software is that you can continually update your numbers based on your real expenses and earnings, allowing you to actividades de puerto track the progress of your business easily and Medicines to Protect Patient Essay without a major hassle. Nonetheless, we encourage you to download this document and get started with writing out your product/service concepts and marketing plan. Relationship Between State? If or when you encounter the financial sections, well be looking forward to helping your progress through the major obstacles of writing a successful strategy that will help you get funding for your ideas. Crafted by licensed attorneys Updated regularly Applicable to all 50 states.

Create your free. Business Plan Template document in Combating to Protect Essay only 5-10 minutes! Copyright 2017 Legal Templates LLC. Essay On International Communication? Legal Templates LLC is not a lawyer, or a law firm and Combating Medicines Safety Essay does not engage in the practice of law. Legal Templates cannot and does not provide legal advice or legal representation.

All information, software and services provided on Essay International Communication, the site are for informational purposes and self-help only and are not intended to be a substitute for a lawyer or professional legal advice. Combating Counterfeit Safety Essay? Use of this site is subject to International our Terms of Counterfeit Medicines Safety Essay Use. Preview Document - Business Plan Template. Make an investment-worthy business plan easily with our free template.