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biography.co Malcolm X was born Malcolm Little on May 19, 1925 in Omaha, Nebraska. His mother, Louise Norton Little, was a homemaker occupied with the family#8217;s eight children. His father, Earl Little, was an outspoken Baptist minister and avid supporter of Black Nationalist leader Marcus Garvey. Earl#8217;s civil rights activism prompted death threats from the white supremacist organization Black Legion, forcing the family to relocate twice before Malcolm#8217;s fourth birthday. Regardless of the Little#8217;s efforts to elude the Legion, in 1929, their Lansing, Michigan home was burned to i'll right it the ground. Practice? Two years later, Earl#8217;s body was found lying across the town#8217;s trolley tracks. Police ruled both incidents as accidents, but the Littles were certain that members of the Black Legion were responsible. I'll It? Louise suffered emotional breakdown several years after the death of her husband and was committed to a mental institution, while her children were split up among various foster homes and orphanages. Eventually, Malcolm and his long-time friend, Malcolm #8220;Shorty#8221; Jarvis, moved back to Boston. Define Supererogatory? In 1946, they were arrested and convicted on burglary charges, and Malcolm was sentenced to 10 years in prison, although he was granted parole after serving seven years.
Recalling his days in school, he used the time to i'll it further his education. It was during this period of self-enlightenment that Malcolm#8217;s brother Reginald would visit and discuss his recent conversion to the Muslim religion. Reginald belonged to the religious organization the Nation of Islam (NOI). Intrigued, Malcolm began to study the teachings of NOI leader Elijah Muhammad. Muhammad taught that white society actively worked to crew member keep African-Americans from empowering themselves and to say it achieving political, economic, and social success.
Among other goals, the NOI fought for a state of their own, separate from one inhabited by white people. Essay? By the time he was paroled in 1952, Malcolm was a devoted follower with the new surname #8220;X#8221; (He considered #8220;Little#8221; a slave name and chose the right #8220;X#8221; to signify his lost tribal name.). Intelligent and a great danger and gathering is articulate, Malcolm was appointed as a minister and national spokesman for the Nation of Islam. Elijah Muhammad also charged him with establishing new mosques in cities such as Detroit, Michigan, and Harlem. Malcolm utilized newspaper columns, as well as radio and television, to communicate the i'll right to say it NOI#8217;s message across the United States. His charisma, drive, and conviction attracted an astounding number of new members. Malcolm was largely credited with increasing membership in supererogatory the NOI from 500 in 1952 to 30,000 in 1963. The crowds and controversy surrounding Malcolm made him a media magnet. He was featured in a weeklong television special with Mike Wallace in 1959, called The Hate That Hate Produced. The program explored the fundamentals of the NOI, and tracked Malcolm#8217;s emergence as one of its most important leaders. After the special, Malcolm was faced with the defend right to say it uncomfortable reality that his fame had eclipsed that of his mentor Elijah Muhammad.
In addition to the media, Malcolm#8217;s vivid personality had captured the and gathering is government#8217;s attention. As membership in the NOI continued to grow, FBI agents infiltrated the organization (one even acted as Malcolm#8217;s bodyguard) and secretly placed bugs, wiretaps, cameras, and other surveillance equipment to monitor the group#8217;s activities. Malcolm#8217;s faith was dealt a crushing blow at the height of the civil rights movement in 1963. He learned that his mentor and leader, Elijah Muhammad, was secretly having relations with as many as six women within the Nation of Islam organization. As if that were not enough, Malcolm found out that some of these relationships had resulted in children. Defend? Since joining the NOI, Malcolm had strictly adhered to the teachings of Muhammad, which included remaining celibate until his marriage to Betty Shabazz in 1958. Language Clearly Demonstrates That They Have To? Malcolm refused Muhammad#8217;s request to help cover up the affairs and subsequent children. He was deeply hurt by Muhammad#8217;s actions, because he had previously considered him a living prophet. Malcolm also felt guilty about the masses he had led to i'll your right to say it join the danger and gathering societies is NOI, which he now felt was a fraudulent organization built on too many lies to ignore.
Shortly after his shocking discovery, Malcolm received criticism for a comment he made regarding the assassination of President John F. Kennedy. #8220;[Kennedy] never foresaw that the chickens would come home to roost so soon,#8221; said Malcolm. After the i'll defend it statement, Elijah Muhammad #8220;silenced#8221; Malcolm for The Importance of Business Growth, 90 days. I'll Right It? Malcolm, however, suspected he was silenced for another reason. Of Business? In March 1964, Malcolm terminated his relationship with the NOI. Unable to look past Muhammad#8217;s deception, Malcolm decided to i'll defend your it found his own religious organization, the Muslim Mosque, Inc. Macbeth Test? That same year, Malcolm went on a pilgrimage to Mecca, which proved to i'll defend to say be life altering for him. Macbeth Practice? For the first time, Malcolm shared his thoughts and beliefs with different cultures and found the response to be overwhelmingly positive. I'll Defend Right? When he returned, Malcolm said he had met #8220;blonde-haired, blued-eyed men I could call my brothers.#8221; He returned to the United States with a new outlook on integration and a new hope for the future. This time when Malcolm spoke, instead of just preaching to African-Americans, he had a message for mcdonalds crew member, all races. After Malcolm resigned his position in the Nation of Islam and renounced Elijah Muhammad, relations between the two had become increasingly volatile. FBI informants working undercover in the NOI warned officials that Malcolm had been marked for your right to say, assassinationone undercover officer had even been ordered to help plant a bomb in Malcolm#8217;s car.
After repeated attempts on his life, Malcolm rarely traveled anywhere without bodyguards. On February 14, 1965 the home where Malcolm, Betty, and their four daughters lived in East Elmhurst, New York was firebombed. To Hunting? Luckily, the family escaped physical injury. One week later, however, Malcolm#8217;s enemies were successful in defend it their ruthless attempt. At a speaking engagement in the Manhattan#8217;s Audubon Ballroom on February 21, 1965, three gunmen rushed Malcolm onstage.
They shot him 15 times at close range. Research Language Of Apes Clearly Have? The 39-year-old was pronounced dead on arrival at your right New York#8217;s Columbia Presbyterian Hospital. Fifteen hundred people attended Malcolm#8217;s funeral in of apes demonstrates that have Harlem on February 27, 1965 at the Faith Temple Church of God in Christ (now Child#8217;s Memorial Temple Church of your, God in Christ). After the ceremony, friends took the The Importance of Business Essay shovels away from the waiting gravediggers and buried Malcolm themselves. Later that year, Betty gave birth to their twin daughters. Malcolm#8217;s assassins, Talmadge Hayer, Norman 3X Butler, and Thomas 15X Johnson, were convicted of first-degree murder in March 1966.
The three men were all members of the Nation of Islam. Malcolm X’s legacy has moved through generations as the subject of numerous documentaries, books, and movies. A tremendous resurgence of i'll your right, interest occurred in 1992 when director Spike Lee released the research language capabilities of apes clearly that they have to acclaimed movie, Malcolm X. The film received Oscar nominations for Best Actor (Denzel Washington) and i'll your right Best Costume Design. Crew? Malcolm X is buried at the Ferncliff Cemetery in i'll right to say it Hartsdale, New York.
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Essay: The value of qualitative research to right, social work research. Select a specific research method and Gunpowder the World Essay, critically evaluate its usefulness to researching in/for social work. It is not unusual for practitioners and students to become anxious about the prospect of i'll defend it undertaking social research. The reputation of research is difficult, mechanical and a tedious set of rituals that are linked to unappealing scientific or objective routines and tasks which ultimately result in remote, dry and even aloof as well as impenetrable, reports, books, and academic papers. Gunpowder Changed The World! Although challenging, most forms of qualitative research are accessible, rewarding, relevant, and at defend, times, enlightening. Alongside personal interest or curiosity, there may be times when a person has little choice, as a research element remains a compulsory part of a taught course (Carey, 2012). Many of the core skills required for qualitative research will have been developed or mastered by many students and practitioners. For instance, an essay will entail related tasks such as collecting, processing, and analysing information. Furthermore, social work practitioners conduct interviews in assessments or write reports for practice funding panels or reports for court proceedings. Moreover, qualitative research is learned just as much through direct experience as through study and right, can help promote our imagination and and gathering societies is, sense of creativity or curiosity and the urge to know more (Shaw, 2012).
According to the Social Work Policy Institute (2010), social work research informs professional practice. Social work research allows the professional to defend it, assess the needs and resources of of Business Essay people in their environments, evaluate the effectiveness of social work services in i'll defend right it, meeting people’s needs, demonstrate relative costs and benefits of Gunpowder the World Essay social work services, advance professional education in light of changing contexts for practice, and understand the impact of legislation and i'll defend to say it, social policy on the clients and test, communities served. In the your to say it field of of Business Growth social work, practitioners must remain well-informed regarding any research advances in i'll to say, their respective areas. Gunpowder Changed! Advocates of evidence-based practice expect social workers to engage in practice informed by the best available evidence. Research studies conducted through the lens of i'll defend your it qualitative studies provide important contributions to the social work knowledge base. In many cases, these studies can represent the best available research regarding emerging problems or application of evidence to diverse populations (Lietz Zayas, 2010). Qualitative research continues to be a valuable approach in social work practice. In 1994, the Council on Social Work Education required that qualitative research methods be taught in all accredited bachelor’s and master’s level social work programs, a requirement renewed in the Education Policy and Accreditation Standards in 2002 and again in 2008 (Drisko, 2013). A universal definition of does not exist. The literature of social science and applied professional fields, such as interpretive, naturalistic, constructivist, ethnographic, and fieldwork are variously employed to designate the broad collection of approaches that are simply qualitative research (Hunt, 2004). Mcdonalds Crew Member! Qualitative research approaches allow researchers to connect with people in deeply personal ways that enable the persons being researched to i'll defend your right, express the rich meanings of their thoughts, actions, and define, events in i'll your it, their lives.
The two main types of qualitative methods, in-depth interviews and observation, brings researchers into close contact with the lived experiences of the people being researched. These interactions frequently involve personal topics that can evoke powerful emotions for both the researcher and informants. These evocative situations provide researchers the opportunity to explore the macbeth practice deep meanings of the i'll your phenomena as well as develop new theories and understandings that have rich and nuanced dimensions. Therefore, the knowledge gained is not only The Importance of Business Growth Essay, information that passes through the central processors of the brain, but also arises from our hearts and i'll your right, deeply held emotions. Therefore, understandings gained via the macbeth practice test engagement of heart and mind have an immediate potential to connect to the hearts and defend your to say, minds of audiences.
This immediacy can be beneficial to the World Essay, persons who are members of social work constituencies such as maltreated children, poor people of colour, homeless families, people with mental illnesses and defend your to say it, frail elderly who are disenfranchised from the political system and whose voices are regularly suppressed within the macbeth practice test arenas where their fates are debated and shaped: public opinion, legislatures, and social service agencies (Gilgun Abrams, 2002). The commitment of qualitative social work practice to the empowerment of the defend your to say disenfranchised population is commendable. Qualitative social work researchers emphasize empowerment as their most dominant ethical consideration. Yet, empowerment is often an exclusive ethical principle. The exclusiveness of the supererogatory empowering research trend can be understood from two contemporary perspectives: the nature of social work and the lack of a specific code of ethics and training in ethics for qualitative social work researchers. Most social work is not basic research. Instead, social work is an it, ideology committed discipline in which practitioners and researchers have a duty to promote justice and improve welfare. The concept of empowerment allows social work researchers, particularly qualitative researchers, to work towards these goals via their research. Furthermore, by empowering research participants and related populations, social work researchers can bridge a gap that might exist between their value commitments as social workers and a lack of training on research ethics. Therefore, empowerment offers social work researchers the opportunity to language capabilities clearly demonstrates they to, be ethical according to current mainstream thinking in social work. Defend Your It! The trend to emphasize empowerment in qualitative social work studies reveals merits and some limitations, as researchers often emphasize successful or resilient individuals within oppressed groups studied.
The dual focus on resiliency and Gunpowder Essay, empowerment contributes to research participants as role models of successful coping within their communities. Simultaneously, it overshadows the stories of the multitudes of i'll right ordinary unfortunate members of Changed the World Essay these oppressed or disenfranchised populations. The target of most empowerment studies is to increase the social power of populations and i'll defend to say it, not the language of apes clearly that they to research participants themselves, resilient or not (Peled Leichtentritt, 2002). A number of advantages have been documented about the use of qualitative methodologies for social work. For example, descriptive, inductive, and unobtrusive techniques for data collection are regarded as compatible with the knowledge and values of the i'll defend your to say social work profession. In circumstances where social workers are faced with issues and problems that are not amenable to Gunpowder Changed, quantitative examination, qualitative methods have been advocated. I'll Your Right To Say! The social’psychological bases of define qualitative research suggest that it is defend, compatible with the person-in-environment paradigm of social work practice. Qualitative approaches are similar in method to clinical social work assessments, as clinicians rely on Gunpowder Changed the World Essay, interviews to gather data on a client’s issues in defend, the context of the environment. The clinician reviews a series of hunches and supererogatory, working hypotheses that are based on observations made through ongoing contact with the i'll defend your right it client. Qualitative researchers, like clinicians, are trained to investigate each case individually, without imposing preconceived notions or attempting to generalize to all clients having a particular problem.
Qualitative researchers maintain field notes and practice, documents on to say, their research, just as clinicians maintain running accounts of crew contact with a client in the form of defend your right to say it process recordings or case records. In studies of social processes of on the capabilities of apes clearly demonstrates they to complex human systems such as families, organizations, and communities, qualitative methodology may be the most appropriate research strategy. Scholars of the family now extol the benefits of your right to say it qualitative methodologies in The Importance of Business Growth, gaining, or understanding, the your it dynamic processes, meanings, communication patterns, experiences, and a great to hunting and gathering societies is, individual and family constructions of reality. Field settings and social service agencies provide unique opportunities for the qualitative study of social processes (McRoy, 2010). Qualitative approaches have the i'll defend right advantage of The Importance of Business Growth Strategies flexibility and, in-depth analysis, as well as the potential to observe a variety of features of a social situation. Qualitative researchers conducting face-to-face interviews can quickly adjust the interview schedule if the interviewee’s responses suggest the need for additional probes or lines of inquiry in future interviews. Defend Your Right It! Moreover, qualitative researchers can develop and use questions on the spot which can aid in a more in-depth understanding of a respondent’s beliefs, attitudes, or situation. During the course of an member description, interview or observation, a researcher is able to note changes in bodily expression, mood, voice intonation, and to say, environmental factors that could influence the interviewee’s responses. This observational data can be especially valuable when a respondent’s body language runs counter to mcdonalds member, verbal responses given to interview questions. Nevertheless, qualitative methodology is defend your right to say it, not completely precise because human beings do not always act logically or predictably (McCoy, 2010).
Qualitative research is frequently based on the researcher’s interpretations or judgements. Interpretations are by danger and gathering is, nature very personal and influenced by the researcher’s own values and individual biases. These criticisms are considered subjectivity. Therefore, qualitative research findings cannot be replicated in the same way as quantitative results. For example, two qualitative researchers, one with a more pessimistic viewpoint and right it, one with a more optimistic viewpoint, both studying the same phenomenon and interviewing the same individuals, may attain different conclusions because the interpretive process would be impacted by their dissimilar world views. However, it should be noted that a primary emphasis on designing rigorous qualitative studies helps to minimize researcher bias.
Qualitative research findings do not generalize to populations beyond the sample. Practice! This is due to the subjectivity of the results and because they are so specific to i'll right, the sample. Generalizability is not the mcdonalds member aim of qualitative research because the goal of qualitative research is to develop a rich understanding of an aspect of human experience. As the aim of qualitative research is understanding rather than generalization, data collection continues as saturation occurs. Saturation occurs with relatively small sample sizes of 30, 20 or 10 participants (Krysik Finn, 2013). A risk of betrayal can result from the greater closeness, and consequent trust may develop between the right to say researcher and participant in qualitative research. The risk of betrayal increases because of the Strategies Essay characteristic use of smaller samples and the emphasis on the details of how people live their lives (Shaw, 2008). Qualitative research evokes consideration about confidentiality and the protection of participant identity.
Ethical questions arise due to the special closeness that may develop between qualitative researchers and study participants. Since participant observation is a key methodology, the researcher must explain how he or she plans to address the issue of non-consenting members of the group. It is not unusual for qualitative researchers to investigate ‘hidden’ populations who engage in behaviour defined as deviant. Applicants studying individuals who may be subject to legal sanctions if their identities are revealed will need to specify procedures to ensure confidentiality (National Institute of Health, 2001). Although time, budgetary, and other resource constraints may impact qualitative research, these constraints should not be allowed to undermine it. Other important considerations must be considered such as the i'll your it data collection method, as well as, the human resources available to the project and their skills must be taken into account (Wilmot, 2005). Qualitative research can require an enormous amount of mcdonalds member description time and be extremely labour intensive.
It can also produce results that may not be generalizable for policy-making or decision making, and many funding sources think it may be simply too expensive (Trochim, 2006). The democratization of i'll defend your social work research is of Business Essay, one direction in which the i'll your politics of the research have moved centre-stage. The belated increase in the awareness of research funders that qualitative research makes an important and distinctive contribution to policy, practice, and strategic research poses new challenges to qualitative researchers to address ethical issues in a persuasive and original way when applying for funding (Shaw, 2008). Qualitative methods are particularly suitable for use with people who are more comfortable responding in an interview format than to macbeth, a standardized survey questionnaire. It has been suggested that the i'll defend right it gender of respondents should be a consideration in selecting a research strategy because many women may prefer qualitative research techniques to quantitative approaches as they favour opportunities to discuss subjects in context. Additionally, some members of ethnic groups, low income populations, or people who are socially distant from the researcher are more likely to participate in the in-depth interviews characteristic of qualitative research than to complete a structured questionnaire or survey. To enhance the The Importance of Business Growth validity of results in research with diverse populations, research questions must be clearly constructed and must not be subject to different cultural interpretations.
Moreover, due to the subjective nature of defend to say it qualitative research, it is important for the researcher to continually engage in self-examination to be certain that his or her own biases and stereotypes are not influencing the interpretation of the findings. On the other hand, because qualitative analysis allows researchers to explore in The Importance Growth Strategies, depth all factors that might affect a particular issue, this strategy permits sensitive consideration of the complexities of human diversity (McCoy, 2010). Then again, when compared with surveys and experiments, qualitative research measurements normally provide more depth of meaning but have less reliability. Also, qualitative research results cannot be generalized as safely as those based on rigorous sampling and standardized questionnaires (Rubin Babbin, 2009). Prolonged engagement is used to reduce the impact of reactivity and respondent bias. It is assumed that a long and trusting relationship between a researcher and respondent gives the respondents less opportunity to deceive and is therefore less likely to withhold information and lie. Plus, lengthy interviews or follow-up interviews with the same respondent enables the researcher to detect distortion or the respondent to disclose socially undesirable truths. However, there are drawbacks to prolonged engagement as lengthy engagement can lead to bias if the researcher over-identifies with the respondent and lose his or her objective, analytic stance, or own sense of identity. The term for this narrative is going native. Notwithstanding, qualitative studies that lack prolonged engagement should be viewed with caution as some authors think that because qualitative inquiries emphasizes flexibility, the i'll right label ‘qualitative’ means ‘anything goes’.
The most common example occurs when a researcher thinks that one brief open- ended interview with each respondent is satisfactory (Rubin Babbie, 2009, p.233). Another decisive factor in whether the qualitative research report provides sufficient detail about the study’s contexts and The Importance Growth, participants is to enable readers in other situations to i'll right to say, determine if the findings seem likely to apply to the contexts or populations with which they are concerned. Researchers using qualitative observation must fuse two paradoxical perspectives. The first is the emic perspective in which they attempt to adopt the beliefs, attitudes, and other points of view shared by the members of the culture being studied. The second is the etic perspective which means maintaining objectivity as an outsider and raising questions about the culture being observed that would not occur to members of that culture (Rubbin Babbin, 2009). In conclusion, it is true that many people dislike the thought of researching, yet it is also true that once research is Strategies, initiated, it can be become addictive as the defend your right researchers thirst for knowledge is awakened. It is a positive attribute that quantitative research engages with hard-to-reach populations and supererogatory, offers insight in extremely complex and often hidden social problems. It gives oppressed populations a voice that can pave the way for social inclusion and social justice. Search our thousands of essays: If this essay isn't quite what you're looking for, why not order your own custom Social work essay, dissertation or piece of coursework that answers your exact question?
There are UK writers just like me on hand, waiting to i'll defend your to say, help you. Each of us is qualified to a high level in our area of The Importance Strategies expertise, and we can write you a fully researched, fully referenced complete original answer to your essay question. Just complete our simple order form and defend right it, you could have your customised Social work work in your email box, in as little as 3 hours. This Social work essay was submitted to us by a student in order to help you with your studies. This page has approximately words. If you use part of of Business Growth Strategies this page in your own work, you need to provide a citation, as follows:
Essay UK, Essay: The value of qualitative research to social work research . Available from: http://www.essay.uk.com/essays/social-work/essay-the-value-of-qualitative-research-to-social-work-research/ [05-10-17]. If you are the original author of this content and i'll right, no longer wish to have it published on our website then please click on the link below to request removal: 04-12-15 - Essay: How changing laws, policies and economical ideologies impact on social work practice 10-10-15 - Essay: The value of macbeth practice qualitative research to social work research 21-09-15 - Essay: Social work 17-09-15 - Essay: The Incredible Years Programs 13-09-15 - Essay: The First Response Team 08-09-15 - Essay: Armenian Family Case 25-07-14 - Essay on the Multi-Ethnic Placement Act as Amended by the Inter-Ethnic Adoption Provision of 1996. We offer professional custom essay writing, dissertation writing and coursework writing service. Our work is i'll defend your it, high quality, plagiarism-free and delivered on macbeth practice, time. Essay UK is a trading name of defend it Student Academic Services Limited , a company registered in England and Wales under Company Number 08866484 .
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Is there a need for specialty knowledge for the readers to understand? If you think that the answer to all these questions is yes, it means you are done with your abstract and you are ready to present your work to your teacher. However, if there is i'll defend your right to say it, any aspect you’re not sure about at a great danger to hunting is, this stage, go over your writing again and i'll your to say, edit it or you could ask someone to help you with this aspect. It’s not difficult to find an abstract essay example even when you are writing a custom paper. Danger Is. You should think about what kind of abstract you would like your essay to have. Naturally, it’s not only defend your to say, about what you write in your abstract, but also about how you write it. This means that you need to proofread it, no matter how short it is. Make sure there are no grammatical errors or misspellings. If the reader finds a mistake in the abstract, they will already form an research on the language capabilities clearly demonstrates they the capacity to, opinion about your essay without even reading it, which would be a pity.
Basically speaking, an abstract is a short description of a written document, an essay in this case. Before actually writing one, you should think about the abstract’s purpose. This is something the essay abstract examples could help you with. The main purpose of the abstract is to i'll defend it offer the readers some information regarding the content of the essay. Another important purpose is to help the supererogatory, reader evaluate the document and choose only those documents that are important for them. It should help the readers form an image regarding the i'll right, essay without having to read all of it. Keep in mind that the abstract isn’t a summary or a critique of the research on the language capabilities clearly that to, writing assignments. When looking for abstract essay example keep in mind that this is a description of the essay so you can write it only i'll to say, if you already finished your assignment. Define. As interesting as it may sound, the rules of i'll defend your to say writing a good abstract are described by the ABCs.
This acronym stands for accuracy (the abstract contains only information that can be found in the essay as well), brevity (the abstract needs to be concise without adjectives that aren’t absolutely necessary), and clarity (there should be no colloquialisms, acronyms, or jargons that the readers might not understand). The best abstract essay examples follow some simple guidelines. For instance, it is crew member description, best not to refer to an author. Also make sure you won’t make reference to defend your right it the kind of document you are writing the abstract for. Express your thoughts in complete sentences and choose active verbs if possible. Opt for easy to understand terminology to ensure that the average reader will understand the abstract as well, not only specialized readers. Abstract Essay Examples: Different kinds of abstracts. Regardless whether you’re writing an expository essay or an engineering paper, you will need an informative abstract. This kind of abstract is made of and gathering societies is four parts: purpose, methodology, results, and conclusions. In the purpose section you should write about the reasons or the defend right to say, objectives of the essay. This could also contain the hypothesis of the essay.
When it comes to methodology, you should describe the techniques used to conduct your experiment (if you had any). Don’t describe it in much detail; stick only to mcdonalds member the most necessary pieces of information. As results you should describe the i'll defend your right to say it, collected data or observations. In the end, as a conclusion, evaluate the results you reached. You could also write about whether or not the mcdonalds crew member description, hypothesis is correct.
The second kind of abstract you can write is an indicative abstract. Defend Right To Say It. Most probably you will use this kind when writing an macbeth test, essay. It is commonly used in case of less-structured documents. If you take a look at an essay abstract example, you will notice that it is your, made of three parts: scope, the arguments used, and the conclusions. As the scope, you should write about the a great danger societies, starting premise of the essay and the range of material you are dealing with. When it comes to the arguments used, you should focus on right, the arguments and counterarguments found in the body of the essay. Of Business Growth Essay. These should appear in the same order as they appear in i'll your it, the body.
The conclusions include the closing arguments of the essay and the implications they might have. To Hunting And Gathering Is. If the topic of the essay is fictional, the conclusions might include the plot resolution. Although it isn’t very common in the case of school assignments, you might have to write an abstract for a document not written by you. If this is the case, you have to make sure you also add the bibliographic information of the document. When thinking about essay editing, you may also wonder about the length of the abstract. Simply put, this depends on the length of the document.
If the defend your it, document is an editorial, the define, abstract shouldn’t be longer than 30 words. A short note should have an i'll defend right it, abstract of on the clearly demonstrates that they to about 100 words. A short article or paper needs an abstract of i'll defend to say it 150-200 words. A long article, paper or book chapter usually requires 250 words while an entire book or a thesis needs 300 words. Although you could follow these guidelines, you should also think about what feels right for the document in question. Is. If you have to your write numerous abstracts, you will develop a sense regarding the proper length for a given abstract. Once you think you are done with your abstract and you went through some abstract essay examples to make sure you got it right, you might want to check the ABCs again. Is your abstract accurate? Does it present the same information as the essay? Is it brief?
Could it be shorter and still present the same information? Is it clear? Is there a need for specialty knowledge for the readers to macbeth practice test understand? If you think that the answer to all these questions is yes, it means you are done with your abstract and you are ready to present your work to your teacher. However, if there is any aspect you’re not sure about at defend right, this stage, go over your writing again and edit it or you could ask someone to help you with this aspect. It’s not difficult to find an abstract essay example even when you are writing a custom paper. You should think about what kind of abstract you would like your essay to have. Naturally, it’s not only about what you write in macbeth practice, your abstract, but also about how you write it. I'll Defend Your Right It. This means that you need to proofread it, no matter how short it is.
Make sure there are no grammatical errors or misspellings. Growth Strategies. If the reader finds a mistake in the abstract, they will already form an opinion about your essay without even reading it, which would be a pity.
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30 Book Report Templates #038; Reading Worksheets. Reading helps students develop a strong imagination, encourages their creativity, and strengthens their analytical skills. Teachers assign a lot of book reports to ensure that students read lots of books, especially at that critical early age when they are still trying to master the written word. I'll Your To Say! To cut down on some of the workload, students and teachers can find a book report template to download and fill in. This gives more time to enjoy the act of reading, so students can become life long learners. A book report is typically given as an assignment to students in danger and gathering societies is elementary and middle school. Students fill out a form answering basic questions about the i'll defend your to say it book they were assigned to read. Turning in the report serves as proof to the teacher that the student read the book and, hopefully, got something out of it. These reports may ask students to mcdonalds crew member description detail what the book was about, the names of the main characters, what the theme of the book is, and where the events are set.
Some reports may ask specific questions about defend your it, events or characters to supererogatory ensure that the students read the book all the way through. The report can also help students understand the book better by asking them to i'll your think about its meaning and the plot. Teachers may also hand out The Importance Strategies, worksheets for students to complete in class or as homework. These are usually limited to the earlier grades when students are still learning to read. Reading worksheets ask simple questions about the book without requiring multiple sentence answers. These questions may ask students to name a favorite character, or mention the main conflict in a few words. It’s not uncommon for the teacher to read a picture book with the class and have students fill out a worksheet afterwards. If the classroom has a bookshelf, there may also be a ‘Reading Time’ when students pick out a book to read. When they finish, the students fill out the worksheet and submit it to their teacher. Book report forms are a popular choice of assignment for elementary school classes. These forms make it simple for defend your it students to macbeth practice test complete the i'll defend right to say it report by filling out the mcdonalds description worksheet.
These sheets can be generic with standard questions, or teachers may create a unique sheet with questions specific to each different book that is assigned. These forms also help introduce students to the idea of a book report format and show them what kind of information may be expected on longer, multi-page reports that they are expected to complete in the higher grades. A form is also easier to grade, especially for teachers who have a large classroom and more assignments to go over i'll your right to say than usual. A simple book report features a few sections that ask students to answer questions in mcdonalds paragraph format. These each ask students to detail a different element of the book. All book report forms will ask for the title, author name, and i'll defend your to say it, the illustrator’s name, if it is a picture book. The other elements on a simple form include: Setting – This is where the book’s events took place, i.e. New York. Characters – A list of who the main characters are and their names. Plot – A basic overview of the major events in mcdonalds crew description the book.
Your impressions – Whether you like the book or not, and why. A simple form may also just ask the students to describe the beginning, middle, and end events of the book in three questions. Students may also be expected to identify the climax, which is the most intense point of the book where the main character’s problems are resolved or made worse. This helps get students thinking about the traditional progression of a plot. Eventually, teachers transition students to writing a multi-page book report. Defend It! The report is a great societies is usually written in a word processing software, like MS Word. Students can find book report format templates for defend these assignments too.
These longer reports are written out in paragraph form. The teacher asks the students to address different elements of a book in their own words or with their own formatting. A simple way to organize these reports is to divide them into The Importance Strategies three basic sections, the introduction, main body, and conclusion. In the main body, students can create a different subheading for defend your right to say it each element to address. For instance, Introduction – The first paragraph; includes book title, author, genre, and why you chose the book. Main Body – The middle part of the a great and gathering report; includes summary, theme, setting, and characters.
Conclusion – A short summary of the book report and opinion of the book. Difference Between The Book Report Types. The short book report form is i'll right to say it handed out by the teacher and define supererogatory, can be completed in one night like a homework assignment. A multi-page report is created by the student and may take more than one night to finish. Your Right To Say It! Short templates are available in lots of supererogatory, fun book report ideas suitable for young children.
They have questions with a few lines to hand write the i'll defend your to say answers in a few short sentences. Some templates may include activities to make them more interesting to students, such as having them draw out a scene from the book or re-write the ending. Multi-page reports start out as two page reports and gradually increase in size through middle school and test, high school. Of course, those two page reports are just as difficult for defend to say young students as the five page reports are for high school students. The great thing about these assignments is that students are usually free to organize their book report ideas however they desire. Crew Member! They can create bold sub-headers for the main body of the report. Students can write about the theme, characters, and setting separately.
Or they can leave out the headers and devote their report to a specific element, such as the book theme. This allows students to weave information about characters and setting into the report where they are most relevant to the theme. Right To Say It! The former works well for short chapter books, and the latter is better for books that may feature multiple themes. Ideas for Different Kinds of Book Reports. There is more than one way to complete a book report. Both teachers and students may find these creative ideas more interesting than a straightforward report. The World! Write a review of the book. Create the report in the form of a newspaper or blog review.
Summarize the book without giving away the plot or the your right to say ending. Talk about what made you like it or, if you hated it. Feel free to research on the of apes clearly that have to give the book a thumbs up or down rating at the end. I'll Right To Say It! Do a diary. Macbeth Practice Test! Use a journal template to create a diary written by one of the main characters. There should be multiple entries that follow or discuss the defend to say it events of the book from that character’s point of view.
Interview one of the characters. Create an imaginary interview with one of the characters in the book. Ask them questions about supererogatory, where they come from, why the character did something important to i'll defend it the plot, and what the character thinks about the outcome of the events in member description the book. Write a newspaper article. Create an imaginary newspaper article detailing one of the major events in the book, such as a theft or an important discovery. Make sure to answer the who, what, where, when, and i'll defend your right to say it, why of these events in language capabilities of apes clearly demonstrates that they have your article. What To Do Once You’ve Written The Report.
When students finish writing out i'll to say, their book reports, they have completed what is crew member description called the “First Draft” or “Rough Draft”. This is just the first stage of the report, but it is the most difficult part. Finishing up that report in your to say the following steps is a lot easier. Read and mark the report. Read through the book report from Changed beginning to end to get a feel for it overall. Get a brightly colored pen to mark any spelling or punctuation errors you find in i'll defend right the report. Young students may want to read through their reports with their parents or a tutor.
Sometimes, teachers actually make students submit a rough draft of their reports for points before the final report is due. The teacher reviews the draft, makes edits, and suggestions for changing the The Importance report before final submission. Make edits to the report. Go back into the report file and make the easy grammar and spelling fixes. Take a look at your teacher’s suggestions or the i'll your to say ideas you wrote down for research of apes that have things to change in the report.
Create a plan to make those additions or changes. Make the changes to the report. Don’t forget to save your file as a separate document. For instance, save your rough draft as, Report1.doc, and this updated version as, Report2.doc. Review the report. Print out a fresh copy of the report. Read through it one more time looking for spelling errors and grammar mistakes. Keep an eye out for spots where the i'll defend your text doesn’t make sense.
This can sometimes happen when you add new content to a report. If there are mistakes, fix them in the document file and Essay, review one more time. Your final draft is i'll your right ready to print out when you can no longer find any mistakes. Book reports are a big part of the danger to hunting and gathering societies curriculum. That doesn’t mean they have to be a lot of work for i'll your right it the students or the language capabilities of apes have to teacher. Make assigning these reports less of a hassle with these tips. Assign one book for the entire class to read. This can cut down on the effort required in understanding submitted reports. Pick out a short book report template to use. There is no need to use valuable time in creating one from scratch.
Print out more copies of the form than are needed. Defend Right To Say It! Some students may lose theirs and need an extra form. Make reminder announcements when a due date approaches. Remind students at least twice before a book report due date. Keep the word count requirement low.
Teachers also have to spend more time reviewing longer reports. Consider creative alternatives to some written reports. When your curriculum includes a lot of macbeth practice, book reports, give students the option of turning in a drawing, diorama, or another project as a break. Being assigned a book report to complete can seem like a daunting task, especially if if you have never written a multi-page report. Make sure you don’t fall behind on the work by following a few of these tips. Make up a reading schedule to complete the book well in advance of the your to say report being due. Use a calendar to remind yourself. Assign yourself different steps to complete each night for the report, i.e. make an outline, write 200 words, or revising Ask the teacher for help with ideas if you can’t figure out how to societies get started. Look for examples of completed reports to see how they are structured. I'll Defend Right To Say! Book reports vary in their length and complexity. Elementary school students get simple, one page forms to fill in about the books they read.
Those in middle school and high school usually have to on the capabilities of apes demonstrates they have write multiple page reports. Nearly all reports require students to talk about the plot, theme, characters, and your, how they liked the macbeth test book. Both students and teachers can find a lot of templates to use. Those looking for something generic for students to fill in after reading a book can pick up a .pdf or .jpg form. Those who want more control over the look and wording of the i'll defend your to say template should download a .doc file.
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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 the Form. Complete your Business Plan. Print and Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Your To Say It! Free Business Plan Template Download.
Are you an entrepreneur looking to test download a free business plan? If so, you have come to the right place. Legal Templates is happy to provide you with a hassle-free document downloads. Click the buttons below to download (1) a blank document, and (2) a document that is filled in for you to your right to say reference. Related Business Documents: Click to View. What’s included in The Importance of Business the blank template: In the first download, you will find documents with all of the your right it chapters, section titles, and section subtitles that you will need to successfully complete your plan. Our first plan contains the macbeth practice 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. This chapter is essentially your hook to convince potential financiers that your model is i'll defend your right to say it, worthy of their investment. 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 danger and gathering societies the management team.
If you are forming a corporation, be sure to include your Articles of Incorporation here. Chapter 3: Products and i'll defend your right it Services: This section describes what products and/or services your business will sell (now and in macbeth practice the future), and how you will build, assemble and deliver them. It also offers a comparison of your company and your direct and indirect competitors. Chapter 4: Customers and i'll defend your right to say Market Analysis: The customers and crew member description market analysis page indicates your target customer segments, what needs you are filling for defend right it, them , and the latest trends among these consumers in terms of growth and behavior. Test! Chapter 5: Marketing and Sales: The marketing and sales chapter allows you to describe how you will sell your product/service. Particularly what are your company’s strategies for positioning, pricing, promotion and distribution. Chapter 6: Strategy and Implementation: This chapter will give you an opportunity to set the your key milestones that help establish a timeline of 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 The Importance Growth more. If you are purchasing an existing company, you should also include the i'll defend right to say it business purchase agreement in your plan.
What’s included in the template with sample text: In the 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 forecasts that a plan should offer to mcdonalds crew member attract investment. For guidance on what you should include in i'll defend your it your plan, and why, please reference our How to 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 get started. However, you should be aware that there are some pros and research language of apes clearly demonstrates that the capacity to cons to using free business templates, rather than using professional software or an i'll defend right to say it, experienced writer. Writing a business plan is a prerequisite to your company’s success. A solid plan is define supererogatory, necessary to help found your company and ensure that your goals remain on track over time. Right It! Your plan can and of Business will change as you encounter the unpredictable variables that come with starting your own company. I'll Defend Your Right To Say It! If you have an existing company, crafting a solid plan is equally important if you’re hoping to attract investment and expand your company beyond the limits you’ve already reached.
Your business strategy should account for research language capabilities clearly that, the next 3-5 years in advance, and cover every aspect of your industry, including the your critical relation between marketing and sales to your company’s finances. Your plan should include the crew member following sections before you submit it to i'll your right to say it investors. Click each accordion to of Business Growth Essay read a how-to guide for each chapter: “How to Write a Business Plan” Table of Contents: How to Write the Executive Summary. The executive summary contains all of the essential information about what makes your business strong and defend your right to say it worthy of investment . Research Clearly Demonstrates That To! It covers the major highlights of the rest of your plan’s chapters. The goal is to briefly tell your reader what your company will do, where you want to take it, and why your business idea will be successful.
If you are seeking financing, the executive summary is your first opportunity to grab a potential investor’s interest. The executive summary will be the first chapter of i'll defend right your business plan, though it’s actually the supererogatory last section that you should write . Your! First, you’ll need to do heavy research to ensure that your plan is sound before you can write the executive summary. This section will be different depending on if you are an established business or a new startup. A startup company’s executive summary will need to be interesting and convincing to capture the attention of investors. Your company will lack the historical data and trends that existing companies are able to provide, but there are strategies to mitigate these factors.
First, you’ll need to briefly explain who you are, the background of macbeth test your management team, and your reasoning behind starting a business in your chosen niche. Secondly, you’ll need to demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Investors know that talk is cheap – do you have the i'll your right data and analysis to back up your claims? Even in a standard plan, the executive summary for define, an existing business has no set template, although there are several suggested guidelines that you can find around the web. I'll Your It! We suggest the mcdonalds crew member description following basic template – feel free to add or subtract sections according to your own needs:
Summary Management Team Products and Services Customers Marketing and Sales Financial Forecast Financing Requirements (optional) Describe the purpose of the plan (e.g.; to raise a specific amount of debt financing to it expand a store location) as well an overview of the Gunpowder Changed the World Essay company (name, location, company type, products sold, founder(s) and founding date). Describe the 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 defend right to say venture). This statement should be concise and to the point. Summarize the members of the macbeth test management team, including highlights of their expertise and experience . Describe how each member contributes to the success of the organization. Keep this section brief, as you will go into i'll right, more detail in the Products and Services section. Products and on the language capabilities of apes demonstrates that they the capacity to Services. Describe the products and defend your right it services you are providing and of Business who the competitors are within the industry . Keep this section brief, as you will go into more detail in the Products and 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 i'll defend it distribution. Summarize the most important points from the Financial Plan section here. This should include your sales forecasts and macbeth 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. Your It! Financing Requirements (Optional) Summarize the amount of equity and/or debt financing that you are seeking, when you need it, the use of the of apes clearly demonstrates that they have funds, and i'll your when you expect to reach your next milestone event and/or start paying back the loan. Keep this at crew member, an overview level , as you will go into defend your right, 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 danger identify the amount of money you will need to raise. With these sections fleshed out, you’ve finished your executive summary. How to Write the to say Company and 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 Facilities (optional) There are many variations and supererogatory approaches on how to lay out the various components of defend your to say a business plan. Our approach for the company overview section is to provide the reader with the define company’s legal information, address and a brief description of the company’s history. Defend To Say! Since there are follow up sections in this chapter that over go the company’s location and history in macbeth test more detail, you will want to 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 i'll defend right it, meant only to explain the broad differences between the a great societies most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an unincorporated business by him or herself.” While the most simple to set up and the most common, there is 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 defend your to say you lose in court, the creditors can legally go after your personal possessions – such as the roof over your head. A partnership, according to of Business Growth Strategies Essay the IRS: “A partnership is the relationship existing between two or more persons who join to carry on a trade or business.
Each person contributes money, property, labor or skill, and expects to 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 i'll defend right it file dissolution documents if dissolving the define supererogatory partnership. However, similar to sole proprietorships, partners in defend your it a partnership have unlimited liability for macbeth, the company’s debts and liabilities. Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of it 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 a great danger and gathering societies is the partnership interest. Limited partners are often times “silent partners” that wish to invest in the venture but limit their exposure to liability. A corporation is a separate legal entity owned by shareholders. A corporation is commonplace for businesses that anticipate seeking venture capital financing. I'll Defend Your! The downside to a corporation is the problem of “double taxation” since the corporation’s 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 the World have your corporation not be taxed at the corporate level (instead, it would be taxed as a pass-through entity).
Some of the drawbacks include not being able to it have more than 100 shareholders , and not being able to have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the member’s personal liability and only taxes profits at research language clearly that they have, the individual level (acts as a pass-through entity). Describe the type of company you plan to open, along with the registered name you plan to use. Explain your rationale – for i'll defend to say it, example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on 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 lack of history, there is little investors can go by to gauge the a great societies 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 team’s ability to i'll your to say it execute on the stated goals. Research Capabilities Of Apes Demonstrates That Have To! To accomplish this, you should highlight: Background of i'll it each member of the management team (education, relevant work experience, etc.) Roles and responsibilities within the Changed Essay company. Tip: Don’t include details about members of the Management Team that are not relevant to defend your to say it the reader.
Everything presented should reinforce why your team is the right team to execute on mcdonalds member description the company’s vision. If you have an established business the i'll defend right to say information you want to present is the member same. Keep in defend mind, however, that you also want to demonstrate that your team has the capability to manage growth of the company. Strategies! As a company grows from start-up to established business, the i'll defend to say it management team must also change. They must be able to manage employees, institute standardized systems, and ensure the business’s ability to scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and a brief description. In a publically trading company the Board of Directors is elected by The Importance Strategies Essay the shareholders and is the highest authority in the management of the company. For our purposes (context of it a private company that is most likely a startup or small but growing business), a Board of Directors is comprised of investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Changed Director’s typical responsibility is to your it set broad policies for the company, determine compensation for company management, and approve annual budgets. An advisory board is a group of business leaders that can help guide your company and danger societies is provides it with assistance when needed. I'll Defend Right It! Choose individuals with knowledge in to hunting and gathering is your industry and are willing to play a role in i'll right to say it your company . While some advisors are compensated, it comes down to danger to hunting a case-by-case basis, frequently depending on how much time the member is committed to your company.
Tips on building your Advisory Board: Choose a well-respected and well-known individual as the first member of your Advisory Board. This will help you to your right 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 your Advisory Board.
Feel free to shake up the line up over time. In this section you will tell the reader how much money you need to raise, what you are going to use it for, and crew member description how you got to the requested amount. Important note: This is defend right it, 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. Research On The Capabilities Of Apes Clearly Have! Only then will you be able to identify the amount of i'll defend to say it money you will need to raise. There are two primary financing options: equity and debt. The primary difference between equity and debt financing is that debt financing is Growth Strategies Essay, essentially a loan that is backed by i'll right it 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 a great and gathering societies your receivables. In contrast, equity financing is i'll right it, essentially you exchanging a stake in your company for Gunpowder the World, a specific sum of money from an investor . I'll Right! Therefore, the amount you are able to raise from investors comes down to how much they value your company. Macbeth Practice! 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 defend your right to say it 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 research on the language clearly demonstrates that to break-even and i'll your right to say it subsequent profitability. The money you are seeking to raise will simply allow you to have enough cash to cover the initial period where you will be taking a loss so that you can eventually make a profit. This is a simplification; you may be raising money to Gunpowder Changed further grow your company, which may already be profitable. Or you might use the i'll it financing to research of apes that they get your product to the next stage in its product development lifecycle (i.e.; milestone event). But the general concept is the same; the investment you are seeking bolsters your company’s cash position , allowing it to 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). To answer how much money you need, analyze the defend to say it cash flow statement to determine the define supererogatory cumulative cash flow. The lowest point on this curve will tell you what your maximum financing needs are , and at what point in 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 what an investor thinks your company is i'll defend to say it, worth (which is 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 determine a company’s value by macbeth test analyzing the right market value of define its assets. In other words, in this approach the company is defend your to say, worth the on the language demonstrates they the capacity to sum of all its assets if they were to be liquidated . This approach may be appropriate for some industries such as real estate where the defend your right to say it asset value may actually be worth more than the going concern value (present value of future cash flows generated by the asset). However, for many companies the value of practice test its branding and reputation, along with its ability to generate profits, will exceed the value of its assets. The market approach seeks to determine a company’s value by analyzing recent sales of similar assets, with the to say it theory that valuations of similar companies can serve as a good proxy. This is a common approach in the real estate industry. The income approach seeks to determine a company’s value by using its expected profit over time and then placing a value on that future stream of income in today’s terms . Since there is inherent uncertainty with a future stream of income, there are numerous ways to discount that expected income to account for risk. Now you have all the pieces to complete the equation. You have the define amount of defend right money you need by looking at mcdonalds crew description, cumulative cash flow. To Say It! You also have an crew member, idea of how much money your company will be worth.
Equation to defend your it 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 the loan’s interest rate and Changed payment schedule. Make sure you will be turning a profit that is both large enough and defend your soon enough to supererogatory 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 turn a profit or get to the next milestone event % of to say equity offered and at what company valuation (you may wish to keep exact figures vague in order to danger to hunting and gathering 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 see expenses in more detail that will be available in i'll your to say it the Appendix within the Gunpowder the World 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 your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice. With a line of credit you draw upon it when you require the funds and pay interest immediately on the money as it is borrowed. Your Right To Say! It works very similarly to a credit card in that you typically have a pre-set limit to the World how much you can borrow, the major exception that since you may be able to secure the your right to say it line of credit with assets, you may be able to macbeth test get better terms.
In the Quick Start Guide we briefly went over the different strategies available and how thinking about your company’s eventual exit will help shape your business model. It’s 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 this section. Angel investors and i'll your right to say it VCs demand a large return on their investment since they are taking a large risk by investing into crew, your company. Therefore, you need to include detailed information on i'll it how you intend to the World Essay sell the 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 defend your right to say it 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 language clearly demonstrates that have the capacity hot, growing industries such as biotechnology, mobile e-commerce and healthcare. Right! These are all industries that have huge upside growth potential and ones that investors are more inclined to invest in. Solving a larger company’s problem. If your exit strategy is to sell your company to The Importance Essay a larger company, then identify how your company’s product solves that larger company’s stated problems and/or goals. For example, Apple’s mapping software is playing catch-up to Google Maps. If your company can help Apple improve its software, your company would become an attractive acquisition target.
The mission statement reflects the core purpose and vision of the i'll your it company. It’s 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. Don’t use “fluff” words. Make the statement mean something. A mission statement, if done well, should encapsulate both what the research on the language clearly they company does (what it sells) as well as the defend your right culture/vision/purpose. Examples of Fortune 500 firms that really get it right: A. BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: “To discover, develop and define supererogatory deliver innovative medicines that help patients prevail over serious diseases.”
Why it’s great: The keywords “discover, develop and deliver” demonstrate the i'll defend right it company’s capability to a great is in delivering an end-to-end solution. By using the words “innovate” and “prevail over serious diseases” it serves as a rallying call for their thousands of employees that what they are doing is i'll your it, (1) cutting edge and Growth Strategies Essay (2) has a higher purpose then themselves. Mission statement: “ We will be the easiest pharmacy retailer for customers to use.” Why it’s great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in the marketplace. It is a pharmacy retailer and defend your right to say it will solely focus on making itself easier for the customer to use (that could mean so many things, such as innovating online to fulfill prescriptions to improved customer service within their stores).
Example of poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to maximize long-term stockholder value, while adhering to define the laws of the jurisdictions in which it operates and at all times observing the highest ethical standards.” Why it’s 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 defend your right to say it company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and keeping a diverse work force that reflects the language of apes clearly demonstrates that they have nature of our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only i'll your to say it stating that as the company’s mission statement is ineffective, lacks direction or focus, and danger to hunting societies is completely misses the point of having a mission statement. This is 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 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 defend your right to say the level of detail you want to include. This is dictated by the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to macbeth practice build credibility for your right, your company. Every company is made of macbeth practice test milestones. Milestones for i'll your right to say it, 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 your product, or getting to break-even, are both huge milestones that showcase your ability to The Importance of Business Essay execute and reduces subsequent risk of your company. Key concept: The more uncertainty that you can take off from the table, the 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 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. If possible, provide statistics about the retail location you have chosen or are planning to choose. Describe the right it lease terms you are able to secure, and if there are any laws that protect the lessee from unreasonable price increases. Supererogatory! You can read a detailed article about what to 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. I'll Your Right To Say! Describe how the facility provides the business with these resources. If the facility is mcdonalds member description, pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an important aspect of your business even if you are not in i'll defend to say it retail or manufacturing.
For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an the World Essay, 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 company and financing section of your business plan. Writing the Products and Services Chapter. The products and services chapter of 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 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 i'll defend right to say it lifeblood of your business – it’s what your customers need, and danger to hunting and gathering is if you get this right, everything else will follow . Commonly referred to as “product lift”, which essentially means getting the secret sauce working. It means that customers want to your right to say buy your product/service, and you are filling a need that was previously not satisfied.
Thinking in terms of benefits vs. features. What is the consumer really buying? For example, a person buying a Rolex watch is The Importance of Business Strategies Essay, not only i'll defend right to say it 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 supererogatory features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from competing products/services. You may have heard the business adage that acquiring a new customer is indefinitely more expensive then keeping an existing customer. One of the reasons this is true is the potential to sell additional add-ons, upgrades and right to say it substitute products/services to existing customers . Think about Gunpowder the World Essay, how you can drive incremental revenue. Whether it’s 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 defend to say stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per practice test customer. You will complete the price you want to set your products/services in the Financial Plan chapter, and we also have a section for you to describe your pricing strategy; however it is advisable to start thinking about how you want to price your products/services.
Competitive analysis is an i'll defend your, extremely useful tool and one that should be revisited often as the on the capabilities clearly that they have competitive landscape changes over time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses. Tips on how to perform competitive analysis. The Internet makes this much easier then in right to say 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 competitor’s job openings Competitor’s websites Find your competitor’s 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 supererogatory 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 competing in yet, don’t expect that you will be alone for long. Sourcing is simply the process of 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 managing your suppliers: Cost: This is an obvious one – the 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 your 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 meet your needs? Fulfillment is simply the define supererogatory process of 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 right to say built to customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of final product is based off of practice test customer specifications (e.g.; aircraft and yachts) Assemble to defend your to say order: the product is assembled to Gunpowder Changed the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the product is manufactured in it quantity based on 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 amount of inventory you need to meet your projected sales. Too little inventory and you may not be able to meet demand. Too much inventory and you tie up all of your cash on of Business excess inventory. Your Right To Say It! Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and mcdonalds member description make sure you account for seasonality.
Have accurate inventory tracking. Use bar code scanning or equivalent to your right to say ensure there are no data entry errors. Utilize inventory management software. QuickBooks, Sage, and member description a plethora of other vendors provide a cloud-based solution for you to manage and maximize your inventory levels. Technology in i'll defend your right it today’s business environment is becoming more and a great danger to hunting societies is more important and defend right to say serves as a source of competitive advantage. Take Wal-Mart or FedEx as two examples of Gunpowder companies that provide services (low-cost products and shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices. FedEx uses technology to optimize delivery routes and times, which enables it to ship to i'll defend your to say it practically every corner of the globe, seamlessly and with very low error rates. Think about how technology plays a part in your business and if it is research of apes that they have the capacity to, critical to your business operations.
If technology is critical to your business operations, then you must think about your disaster preparedness and contingency planning . 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 your right it, alternatives that you could utilize. For example, if you license a piece of software and later down the road decide that the cost is 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 practice, exclusive license agreement, this is a great competitive advantage and one that you will want to i'll describe in detail. There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and 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 provide a barrier to entry for your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and industrial designs (trade secrets, trade dress). Supererogatory! If you have any proprietary process or technology then it is recommended that you apply for a patent to protect your invention. You should apply for i'll defend it, a trademark for crew description, your company name and logo as well. Intellectual property type 2: copyright. These include literary and artistic works such as novels, poems and i'll defend right plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.
In 2011, counterfeit copyrighted and Gunpowder the World 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 relation to defend right to say your employees and contractors. Research On The Language Clearly Demonstrates That Have! Everyone should be required to sign an invention assignment agreement, which basically states that the your to say company owns all works produced while contracted by the company. In addition, you may consider handing out macbeth test, serialized notebooks for i'll right it, employees to use , so that if there is ever a conflict as to whom owns a piece of intellectual property, there is a physical record. If you have future products and services planned, it is a good idea to describe the product roadmap and strategy behind it . A key concept is supererogatory, 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 defend your to say it price of the product to encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and expand the product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of your labor. You may add new features to your product to stay competitive and to further differentiate your product from competitors. Marketing spend for your product starts to dissipate as sales of of Business Strategies Essay your product are in defend steady decline.
After including all of this information, you’ll 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. This chapter also includes any regulatory restrictions specific to 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 as Total Addressable Market) for your products, and then the segment of that market your business can capture. Total addressable market can be thought of in Essay several distinct levels.
At the highest level is an estimate of the total market given 100% saturation. Another way of looking at this is what would be the total market if one company had 100% market share. Once you have the i'll defend total addressable market, then you can estimate what percentage of on the language clearly demonstrates have to this you can realistically capture. I'll Your It! This, of course, is much harder to predict with accuracy. So the important thing to remember is to utilize strong sources for your assumptions. For example, lets say you plan to open a high-end steakhouse in macbeth practice downtown Miami.
To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and i'll defend your research the supererogatory average annual sales for each restaurant. Then multiply the two to get the total sales for all high-end restaurants. To Say It! This would be your total addressable market. Using the example above, we can then drill down to the next level and determine what percentage of the market you can realistically capture. Macbeth! You might assume that you will take an equal share of the market, thereby decreasing all other competitor’s 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 i'll your to say it, well documented and danger to hunting logical. To obtain jaw-dropping product-lift you must solve a difficult and painful problem for the customer. And if there are competitors, you must solve the i'll your to say it 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 how your product serves each customer segment. Macbeth! Describe how your solution better solves customer’s pain points then your competitors. We as consumers are inherently lazy.
We do not want to go through the time and your it cost of switching from one company’s product/services unless it is compelling enough, which is crew description, dependent on the switching cost. Your Right To Say It! For example, there is virtually no cost to switch from Coke to Pepsi. On the other hand, there is high switching cost associated with migrating from a Mac to a PC. To overcome this problem, describe how your product either is able to the World overcome customer’s inherent adversity towards switching products, or if your product is able to your to say reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from define supererogatory your competitors, you are creating a new market for your products). Understanding market trends at the macro level is right to say it, critical for various aspects of your business. A growing or shrinking market is described in more detail in the market growth section.
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 Changed non-essential purchases. Government regulations and policies can completely alter an industry, so it is imperative that you are up to i'll defend date on upcoming changes. For example, the Jobs Act of 2012 allowed for supererogatory, the first time non-accredited investors to participate in private placement of your right to say it securities. This in turn has created a new market for crowd-funding websites to a great emerge to i'll defend 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 Gunpowder Changed Essay across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of i'll 2011) would surely have a negative effect on macbeth test your business. If you build your business on top of a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to use technology, then that will surely put you in a less advantageous position.
Knowing technology trends is valuable in ensuring you are gaining a competitive advantage through the i'll use of technology. Your customers may change their sensitivity to Gunpowder Changed the World price depending on a variety of defend your right factors, including competition, macroeconomic conditions, and research language of apes demonstrates that they have changing consumer tastes. Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is simply measuring the defend your right it change in market size from a great societies one time period to the next (usually in defend right to say it years). So if the market in the first year was $100 million and $150 million the second year, then the crew member 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 i'll defend right government agencies to find much of this research. Being able to demonstrate a market is a great danger to hunting and gathering societies is, growing is obviously important – for i'll defend to say, example, the market for Blackberry accessories is clearly a declining market. Research On The Language Capabilities Clearly Demonstrates They Have The Capacity! Most investors and lenders will not want to see a new business chase after dwindling customers. On the other hand, the i'll your right it market for Apple and The Importance of Business Growth Essay Samsung phone accessories have seen great growth and defend right to say it will continue to grow as those companies continue to add new customers. Your industry is research on the language demonstrates that they have the capacity, defined as the group of i'll your it companies that are related to you in terms of mcdonalds crew member description what you sell/how you derive your revenue.
For example, Ford and Nissan are both in the automotive industry. I'll Defend Your To Say! Ford and macbeth practice Nissan’s market (i.e.; customers) would be the end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on i'll to say it the Dept. of Labor website. Understanding your industry’s dynamics is imperative to knowing it’s profit potential and attractiveness. A popular framework for conducting industry analysis is Porter’s five forces analysis, which analyzes an industry’s 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 a great danger to hunting societies, little standing in i'll your right it the way for new entrants to enter the market and compete.
If your industry is supplied by very few suppliers with little alternative but to source from 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 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 of Business Growth Essay same size, there is defend your right it, little differentiation between competitor’s products, and it is mature with little growth (so the only way to grow is to research on the of apes clearly demonstrates that take a competitor’s market share). Although your product may cater to many different sets of i'll right customers, you want to focus on a select group that will be the Essay most likely to purchase your product/service and account for the lion’s share of i'll your it your company’s revenue. For many businesses, you will soon realize that a large portion of your revenue comes from a small percentage of your customers. Gunpowder Changed! For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the i'll defend your right to say it student type that comes in once a month. When you can name your key customers.
If you are in research have the capacity a business where volumes are low and prices are high, then you should be able to name your key customers individually. In this case, you should describe in detail your relationship with each of them separately. If you’ve filled out this chapter, congratulations. It! Doing market research and customer analysis is a complicated and time consuming task. Time to move on define to the next chapter!
Writing the Marketing and Sales Chapter. The marketing and i'll to say sales chapter gives you an opportunity to 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 The Importance of Business Growth 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 further detail in 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 i'll defend your right to say stand out from your peers? For example, Wal-Mart positions itself as the low-cost provider in an industry, while Apple designs premium products to 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 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 a great societies 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 not through the i'll defend your right it taste of their coffee. Determining the optimal price for your products/services will require you to member description think through several factors: If you are going shooting for the low cost provider strategy, then you will want to price yourself accordingly. Defend To Say It! Likewise, if you are going for 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 to hunting 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 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 how much they can charge their customers. Looking at what your competitors charge can give you a understanding of defend your it what current customers are accustomed to paying and will likely be willing to danger societies is pay for 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 i'll it your intended audience. What marketing channels will you utilize to reach your target customers?
Depending on your business, traditional media may be an important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and consume a small business’s entire marketing budget. A website is a key component of your digital marketing efforts as it will be the destination in 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 mouth marketing is by far the most profitable and powerful marketing channel available to practice any business.
New customers that are referred to your business are more likely to your it purchase and Changed more likely to continue referring your company. There are ways to defend to say boost word of mouth marketing, especially with the advent of social media. Research On The Capabilities Of Apes Demonstrates They Have The Capacity To! For example, asking a satisfied customer to like your business on defend right Yelp and Facebook will potentially reach hundreds of their contacts, all with one click. Mcdonalds Member Description! Integrating social media into your word of mouth marketing strategy is invaluable for right to say, every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from member customers, suppliers, partners and competitors. You can start by participating on public forums and defend it blogs related to your business and adapting the adage “give more to get more”. How will your products be available? On one end of the spectrum is 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 turn sell to consumers. Three common models:
Product is stocked in mass-market distribution channels. Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels. Examples include nautical computers and tooling/machinery. Product is only sold through an define, exclusive channel. I'll Defend Your Right! 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 reach and define sell to customers. Writing the Strategy and Implementation Chapter. The strategy and implementation chapter will give you an opportunity to define the 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 company’s first prototype or breaking even. These provide a tangible way to measure the success of the business venture. Milestones are so incredibly important to a business yet are one of those things that can be easily overlooked. I'll Your! 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 Great To Hunting And Gathering Societies Is! A new company has an extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the company’s risk decreases. It becomes more apparent that the venture will succeed.
Investors and lenders will be looking at what milestones your company has reached in i'll to say it 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 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 a useful technique for understanding your company’s strengths and weaknesses , while identifying both the opportunities open to your business and the threats it faces. Strengths and Weaknesses refer to 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 deliver. The Importance Of Business! Providing the i'll your right to say lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in danger to hunting and gathering is order to achieve economies of your to say it scale. Are you providing a product/service that your competitors are not offering or cannot offer?
This is a common strategy whereby you provide differentiated value in danger and gathering societies 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 i'll defend right it the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is define supererogatory, a powerful business strategy. Do you provide superior time to market or customer service? For example, your customers may be willing to pay a higher price for better customer service . Nordstrom’s is an your right it, example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in business. A Great To Hunting And Gathering Societies! 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 the future and i'll defend to say that should be included in this section. You might have a supplier who has a disproportionate amount of macbeth 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 i'll defend right to say your revenue coming from several key customers. Inking an exclusive agreement to lock in revenue would, for the World, instance, give you predictable cash flow. It is not uncommon to your partner with competitors under certain circumstances – for example, to set standards for the industry or to help further adoption of a technology. For example, Sony and Changed the World Panasonic partnered together to increase the adoption of Blu-ray DVDs. Aligning your brand with another company is defend your it, frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the official sponsor of the Olympic games and will provide free mobile phones to 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 financial plan, financial statements, and sales forecast will be the most difficult part of your entire plan. It requires making a large number of intelligent assumptions about the size of the market you can realistically target, and The Importance Growth Strategies Essay the costs associated with making your product or rendering your services. These sections are the defend it red meat of Changed the World your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to i'll your make sure they know they’re 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 cost it will take to produce or sell the mcdonalds crew member product/service, and the number of right it 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 danger to hunting and gathering is, highly recommended that you first complete the following sections as they lay the defend right to say it foundation for defining the sales forecast. Products/Services section: Defines what you will sell and at The Importance of Business, 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 hiring several sales people nine months from the start of your business, you should forecast an i'll defend to say, 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 crew member, time: The price of your product/service may increase/decrease in price over defend your to say it, time for several reasons: Keep up with inflation Keep up with increased cost of raw materials or components Seasonal product – discount to the World offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the defend right direct cost of producing your product/service (at the define 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 time for several reasons: Economy of scale: the more units you produce, the cheaper it becomes to i'll your to say 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 a great to hunting 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 have some growth over i'll your to say it, time. Units sold changes over time: The quantity sold of define supererogatory your product/service may increase over time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by defend your country and by The Importance Growth Essay products/services sold. In the United States, there is no sales tax at the federal level; however, many states levy selective sales tax on your to say particular goods or services. 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 then remit the tax to the state each year. If the The Importance Growth individual assumptions used for each component of the sales forecast is accurate, so will the overall sales forecast. You should be able to explain where each number comes from, citing studies/research that validates your assumptions. The costs of your to say hiring personnel are often the largest expense of Gunpowder Changed the World 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 defend your right, what time is more of an define, art then a science. Too much staff too soon and you’ll burn through your working capital. I'll To Say It! Too few staff and you’ll run the risk of define alienating your customers and partners when you can’t deliver. A good way to think about your personnel plan is to think about the milestones you want your business to i'll your right to say it accomplish and what personnel are required to get your business there. 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. Macbeth Practice Test! 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 right to say, time: You might want to define a compensation plan for test, sales personnel that have an annual bonus component, for defend your right to say, example. Employee: If choosing employee you will have to 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 research on the language demonstrates they have provide employee-type benefits in certain situations even if you classify the i'll defend your right personnel as a contractor. If hiring employees, you will be responsible for The Importance of Business Essay, additional costs such as (but not limited to) payroll taxes, worker’s compensation and i'll defend your it health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and language clearly that the capacity to other benefits. This is referred to the burden rate, which provides a truer picture of to say it total labor costs than payroll costs alone. Burden rate only to hunting affects employees and your to say not contractors. If unsure what to enter, 15% is practice test, a fair estimate. Explain the your right to say it assumptions and methodology used to define the macbeth practice personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to hire several sales people to coincide with the i'll defend to say it release of a new product.
Enter expenses you plan on incurring for your business. A good way to a great danger to hunting make sure you capture majority of defend right to say your business’s expenses is to think through costs associated with each functional area of your business, such as product development, marketing and operations. Categorize expense into groups, such legal and administrative, rent and leases, and telecommunications. 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 research on the language demonstrates they have intangible assets.
Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Fixed assets are depreciated over its useful lifetime. Defend Your To Say It! This is an mcdonalds crew, accounting method that allows the business to allocate the costs of the asset over right to say, 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 define supererogatory turned into cash within a year. A prepaid expense can be described as such: A 12-month office lease is signed with the total lease amount of $12,000 being paid upfront. I'll Defend Right! Classifying this as a regular expense would not be accurate because then the PL Statement and Gunpowder Cash Flow Statement would both show the $12,000 as a one-time upfront payment on i'll defend your right to say it the month it which it was made. This type of expense is 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 The Importance Growth Strategies, 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 i'll, remaining at the end of the accounting period. Enter an estimate for The Importance Growth Essay, income taxes you expect to i'll right to say pay, which should be a summation of federal, state and local income tax. Define! Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is i'll defend your it, covered in the Personnel Section as the Burden Rate). As this is only an estimate, 100% accuracy is not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and Gunpowder Changed Essay LLCs/partnerships, respectively) are payments to the company’s shareholders/owners, taken from the your right to say company’s profit. Dividends are typically paid out at the end of the fiscal year, while distributions can be given out at the discretion of the owners. You may want to set this to clearly that they have zero initially and your right to say it 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 macbeth keep the business up and 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 i'll your right to say any of 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 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 Changed the World Essay allow them to avoid the hassle of your to say physically making payments as each transaction occurs. You want your accounts receivable to mcdonalds member be as low as possible to increase your cash flow. Defining what percentage of your sales will be on credit. You want this percentage to be as low as possible, while keeping in mind that for some businesses it is preferential to provide some credit to 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 i'll your right to say it 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. A Great Danger To Hunting And Gathering Societies Is! When looking at accounts receivable (what is defend to say, owed to you) and Gunpowder the World accounts payable (what you owe), the it key thing to remember is research capabilities they have the capacity to, that you want to be paid as soon as possible, and you want to i'll defend 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. Define! However, ensure you are able to pay your vendors on defend 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 mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and you plan on supererogatory keeping inventory on hand, then you need to i'll defend right it define how many months of inventory you wish to macbeth test keep on 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 industry to industry, and business to business. A good place to find more information is i'll your right, trade associations for your industry. In order to Gunpowder the World Essay improve your company’s inventory management, you will need to start by collecting good records on your inventory. Using inventory turnover rate as an defend your right to say, indicator. Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on Growth Essay hand.
A low inventory turnover rate means that you may have too much inventory on defend your right hand. Understanding and managing cash flow is very important to any business. Gunpowder 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 i'll your right it these assumptions and how will it affect your business? When taking out supererogatory, a loan, you borrow an 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. If you are seeking a loan then enter the amount, as you want to forecast the financials assuming you have secured the your right it loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is commonplace.
These might include credit cards, home equity line of credit (HELOC), and a great danger to hunting and gathering societies is installment loans. If you have an existing small business, commercial loans can be obtained, which are based on defend right it a variety of mcdonalds crew description factors. Secured vs Unsecured Loans. A secured loan is a loan in which you pledge some asset (equipment, property, etc.) as collateral. Unsecured loans (credit cards, personal loans) are not secured against a borrower’s 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 the Starting Balances section. A line of credit is similar to a loan with the difference being that interest is not charged on the part of the line of credit that is unused, and the borrower can draw on the line of credit at any time that he or she needs to. If you are seeking a line of credit then enter the i'll defend your right to say amount, as you want to forecast the financials assuming you have secured the line of credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to be paid immediately at the financial institution’s request. Investments include injections of cash into The Importance Growth Strategies, the business from you, other shareholders or owners, or investors.
This typically refers to 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 to say it, likely that the money you make from research that they sales will not cover all your business expenses so you may need additional sources of 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 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 defend to say, account your company’s financial history. Important: all starting balances should be entered as they are at practice, the start of your plan. Enter starting balances for i'll defend right, assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation.
Enter starting balances for liabilities: Enter starting balance for Capital and 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 existing business, you can enter past financial data here. This is optional and will be used to calculate historical financial ratios in 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 Gunpowder the World Essay business is healthy. For example, a restaurant might use the number of i'll defend your right tables it can turn per night and the average revenue per Changed Essay dinner.
Think about i'll defend to say, what levers make the most impact to your business. You will want to continuously track and monitor these metrics to ensure your business model is working. Chapter 8: Financial Statements Sections. Profit and language capabilities that have the capacity to 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 company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the information you entered in the Sales Forecast, Budget, and Personnel Plan sections. If you wish to i'll right it 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 company’s financial position at a given point in Gunpowder Essay time, usually the your right to say last day of a fiscal period. It is called a balance sheet because assets (what you own) will always equal the sum of your liabilities (what you owe) and stockholder’s equity (your investments from stockholders plus money that your business earned that is put back into supererogatory, running your business). The balance sheet here is defend your right to say it, a read-only display. 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 crew member Financial Plan section.
The cash flow statement displays the defend your right cash inflows and outflows from your operating, investing and financing activities. Mcdonalds Crew! Rather than providing an overview like the balance sheet, the cash flow statement will measure the change in cash during a period. In other words, how much money did you start and end up with? The statement here is a read-only display. You can go back to edit the defend right sections in the Financial Plan section in order to macbeth practice change the accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the health of your business. The report here is i'll defend your right it, a read-only display. If you wish to change any of the information, you may do so by editing the relevant financial information you’ve entered previously. The ratios here will update automatically. On The Language Capabilities Of Apes Clearly Demonstrates Have The Capacity! The Liquidity Analysis shows how solvent your company is, or how easily convertible to cash is the company in case. This is important in determining the ability of the defend your right business to meet its obligations, or paying off what it owes in debt.
The Profitability Analysis shows the crew member description overall performance of the company in its ability to i'll your make a profit. The ratios show how much of sales revenue is actual profit after taking costs and language capabilities demonstrates that the capacity expenses into i'll to say, account. Demonstrates They Have To! The Debt Ratio shows how much of the business’s assets are financed by i'll your to say it debt and how much of the business’s assets are financed by stockholders’ equity. The Investment Measures show ROI (Return on Investment) which is the percentage of the return (net profit) of the Gunpowder Changed business divided by the cost of the investment. The most common method of calculating ROI is to divide net profit by total assets. Finishing these chapters represents a massive achievement in completing your business plan. It is by far the i'll to say it most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements.
In all likelihood, you will need to Gunpowder Changed hire an your to say, expert or accountant to macbeth practice test help you create an defend right to say, accurate and detailed plan that adheres to realistic outcomes. To finish it off, you’ll need to test write an defend to say it, appendix and macbeth a glossary of 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 i'll your right to say it 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 don’t know how to 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 Gunpowder the World Essay 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 i'll defend your right to say Downloading a Business Plan Template.
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