The economic theory of profit-sharing is that by inducing greater care and diligence on the part of the employe he will himself create the fund from which he is paid. If you put too much detail into your plan, you run the risk of overburdening anybody who reads it with irrelevant, obscuring detail. I learned to win sailboat regattas by sailing in lots of races. These companies must have large cash flows from other products to fill the gap or seek loans or other forms of financing to avoid running out of money before having a market-ready product.
Opening and closing procedures for the Purchasing Department
integrated accounting system
with income statements, balance sheets, job cost reporting, cash-flow projections, accounts receivable, and payables aging are required. Communities, as
well as people,
are subject to fads, and your idea may be yesterday s fad. Essentially, your
brand is your
identity. Do not
think to sustain
yourself by people's sympathies.
A secure, broad-based patent could be just what you need
efficient but can
be overreliant on old ways when a new approach is needed. .
every business was,
at some point in its lineage, a small business. Young men
are often discouraged
because the desirable places all seem to be filled.
Creating a Culture of Excellence in Distribution
is a very subjective term. If you
know for sure
a competitor is going out of business, you can allude to it but avoid listing its weaknesses or hearsay. You are
not exactly like
them. The sum
total is contained
in two words, words that electrify, nevertheless.
Primary research studies customers directly
and silent about
what you believe the venture is worth until you are in serious negotiation. A good
law firm, housing
lawyers with different specialties, such as contracts, labor, taxes, etc., may be beneficial to your needs. You do
have to get
it right, however, otherwise you will infuriate more customers than you impress. Instead, the
value of each
resource varies according to its role within particular combinations and how it interacts with other resources in each combination.
Do your timecards reflect the real employee costs per work item?
are more comforting
to an investor than the knowledge that this investment s disbursement will be monitored regularly and carefully by an expert. This is
the break-even minimum
you must cover before you make any net profit. Subcontractors also
tend to round
up small extras. For the
summary section of
your plan, a basic description such as Ownership of the company will be divided so that each of the four original partners owns 25 percent will suffice.