Five Elements Common To All Business

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Five Elements Common To All Business
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I. Revenues

• All money coming in from the sale of goods and
  services. (Not same as profit)
• Itemize/calculate them in your proposal How
  Much x How Many
• Many Potential Sources
• Be sure they are realistic/reasonable

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II. Expenses

• Itemize/Calculate themBe thorough!
• Examples??
• Labor, rent, advertising, machinery, supplies,
  security, cleaning, product, utilities, phone,
  insurance, license, loan payment, etc.
• Two Types
• 1) Fixed(One-time) 2)Ongoing(Monthly)

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III. Risk

• Two Types (Have a paragraph for each, addressing
  how it relates to your business and how you are
  limiting it.)

• Cost Risk
• Definition
• How limit?

• Liability Risk
• Definition
• How limit?

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IV. Advertising

• Purpose? To get in the public !

• Explain/Itemize Your Strategy

• Many Potential Ways to Advertise!

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V. Record Keeping

• Vital For Any Business
• Why?
• Short paragraph explaining that you realize its
  importance and how you will do it.