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ro41L3jo
Wysłany: Nie 16:08, 23 Sty 2011
Temat postu:
But seeing as neither of them have began the season in the most positive way, and Wayne Rooney all know Arsene Wenger definitely went browsing at other goalkeepers this summer, it’s time to speculate who may begin the 2011-2011 in goal for Arsenal.
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Deny it or not, Arsenal’s weakest position,
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, now that the defence is sorted out, is in goal – irrespective of who is playing. While Manuel Almunia has occasions where Wayne Rooney is solid, and Wayne Rooney is arguably criticized far more than Wayne Rooney deserves to be, the propensity for him to make one mistake can be disastrous for the Gunners’ title hopes. Lucasz Fabianski hasn’t been given the nickname ‘Flappy-Handski” for no reason. Capable of saves of one miraculous type, but in equal measure Wayne Rooney makes errors your Grandma wouldn’t make. If Wayne Rooney is going to be an Arsenal goalkeeper, his good form needs to solidify and Wayne Rooney needs to eradicate the mistakes from his game.
As I’d have more luck finding snow in the Sahara than trying to second-guess Wenger’s moves,
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arccess2011
Wysłany: Czw 10:33, 06 Sty 2011
Temat postu: 10 Steps for Simplifying Business Plan Financial S
2) Get help early on.
1) Understand there is a difference between "crun
chi
ng" or preparing the financial statements and presenting them.
"Numbers" is the language most investors speak. But, it is also the language that many business owners and entrepreneurs don't speak or understand.
Mike Elia is a chief financial officer and an advisor to venture capitalists and leverage buyout specialists. For more information about business plans and raising capital for your business or to review his business plan manual, visit Business Plan Secrets Revealed.
So how do you bridge this gap?
For most business owners and entrepreneurs, preparing, and communicating the financial statement section of a business plan is like trying to give driving directions to someone who doesn't speak the same language.
At the end of the day, more business deals are not consummated because investors don't feel like they can trust the numbers for one reason or another. Spend the time,
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, effort and money to communicate your financial statements clearly and convincingly. It can be the key to making your deal a reality.
Save the more detailed financial statements for the appendix and due diligence stage. Of course you need detailed financial statements and projections to support your business plan, but don't think you need to share them with potential investors upfront. Investors are more interested in seeing if a few key numbers and financial measures make sense and that they support your strategies before they waste time digging through your supporting data. If they are interested in moving forward with you, believe me, they will dig into your financial statements.
Like typos, a wrong number can shatter your credibility instantly. It can cause your potential investors to lose confidence in your ability, or to question your understanding of the business. Be sure the numbers in your plan agree to the correct model or version of your financial plan. Verify the numbers in your business plan agree to all supporting documents.
9) Maintain a good financial model capable of running sensitivity analyses to show how your projected results will change as your assumptions change.
7) Always include a statement of the sources and uses of cash.
If you have teenagers, I'm sure you always ask them where they're going to spend the money you're about to give them, before you hand the money over to them. The Statement of Sources and Uses does the same for investors. It tells potential investors how you plan to use their money. The statement accounts for all the money coming into the deal, whether it is bank debt, seller notes, personal cash,
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, cash proceeds from the sale of stock, and so on. It then explains how you intend to use this money, whether it is to buy an existing business, buy certain assets, payoff existing debt, or payoff certain start-up liabilities, fees, and expenses.
As much as possible, keep these short and to the point. Don't get carried away footnoting every number. Footnote only key numbers or unusual items.
5) Use graphs and tables wisely to present financial information.
This allows you and your investors to identify which assumptions are most critical to your future performance. Each critical assumption needs evidence to support it. Also, include in your model benchmark comparisons to other companies in your industry. Compare things like revenues per employee, gross margin per employee, gross margin as a percentage of revenues, and various expense and balance sheet ratios.
This is the same as a writer taking the time to know the audience before writing a book. For example, a banker puts more weight on the business' liquidity, collateral,
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, and ability to convert assets into cash quickly if the business runs into trouble and a loan is called. The emphasis on these financial measures is different for a venture capitalist whose interest is more on how quickly your business can grow, the potential future cash flow it can generate,
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, and the potential for cashing out at an amount much higher than the initial investment.
3) Know the kind of investor you are seeking.
4) Present only the numbers and measures most important to your type or types of investors in the body of your business plan.
Okay so you don't have any money to hire a CPA or an accountant, and they just won't do it for nothing. Reach out to your local college. Find the head of the accounting department or an accounting professor. Then, see how your project might be used to help the class learn about accounting, starting a business, or building financial models. The point is; you need someone who understands how to build projected financial statements based on your specific plans for the business. It is also important to find someone who can help you understand your financial statements.
Graphs are great for presenting trends and comparisons. Keep them simple and uncluttered. Be sure headings, labels, axis tabs, and so on are clear and legible. Nothing is better than a great graph or table to convey a message clearly and quickly. But remember, a bad graph or table can create much damage and confusion too.
Don't just provide potential investors with an income statement, it doesn't give them the complete story. Also, be sure that all financial statements conform to Generally Accepted Accounting Principals or GAAP. Include at least three years of actual historical financial information, if available, and five years of projected financial statements. Although no one expects you to be able to predict the future with absolute certainty, projections do provide insight into your thought process, assumptions, and understanding of the business and its markets.
Preparing business plan financial statements often requires expert knowledge of double-entry accounting, taxes, merger and acquisition accounting, and finance. Skills most business owners or entrepreneurs don't have, except for perhaps the most seasoned or those with accounting backgrounds. Presenting the numbers,
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, however, only requires that you understand how what you plan to do translates into cash; and, what the potential financial risks for the business are, and how you'll minimize them. If you cannot demonstrate that you understand these,
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, then why would an investor ever give you money?
6) Check you numbers.
10) Use footnotes and descriptions to explain how key numbers were derived or the specific assumptions behind them.
Include all three fundamental financial statements: income statement, balance sheet and cash flow.
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