Here are some suggested items to include: Business information & Background Business contact details, names of owners/directors/shareholders and their ID numbers plus all registration numbers if available (SARS and CIPC). A great example is Bill Gates who wanted see a personal computer in every home.A Mission statement on the other hand is a summary of how you are going to achieve your vision.Here is an example of a simple transaction sheet which can be converted into an Income Statement: 4.Tags: 4 Grade HomeworkCritiquing Nursing Research EssaysGcse Essay Questions Jane EyreAn Essay Written On The Battle Of The BulgeHow To Plan For A BusinessPaul Tillich EssaysMathematics Extended Essay
You don't have to hire an expensive consultant to write it.
If you as an entrepreneur had a great idea for starting up a business in the first place, then you are the right person to compile a business plan. Vision & Mission A Vision is a short and concise statement about where you want your business to go in the long term.
Without a roadmap, a business may flounder from lack of a clearly defined view of the future.
A business plan sounds rather complicated, but is actually quite simple.
However, the balance in your bank account may differ from this figure for many reasons including the most common ones: Most start-up companies have restricted cash flows or tight budgets which prevents them from employing a full time Accountant.
Fortunately, the solution to this problem is simple due to the vast number of independent Accounting firms offering specialist financial services.
Compile an Income Statement showing your budgeted income for the next year less expected costs for running the business.
Add a budgeted Balance Sheet showing the net profit or loss from your Income Statement plus any expenditure on Capital, such as furniture and equipment, and balance this amount out with the amount of money you need to invest in the business.
Outsourcing your accounting functions has numerous benefits, depending on the level of expertise required.
The large Auditing firms offer a range of excellent services, but their fees could be quite prohibitive to a small enterprise.