Thursday 19 April 2012

financial section - business plan

Good night all, today we had our last class for Entrepreneurial Skills in the Communication Industry it was very interesting. Mr. Colley our guest presenter dealt with the financial section of a business plan. I thought i would be lost because I'm not a numbers person, however, when Mr. Colley was through I had a better understanding of sales forecast, cash flow projection and profit/loss projection. For example the profit/loss account or income statement only deals with business activities. Mr. Colley made me realise that it is important for business owners to know these basic information so that they can have an idea of how their business is running.

Mr. Colley also informed us of where we can go to calculate the amount of money to repay for a loan per month. Below is the link for a website that does this http://www.amortization-calc.com/ (loan amotination schedule).


Thanks for reading my blog, blog you soon good morning

No comments:

Post a Comment