Start-up Businesses  Motivation  Idea? Will it work? Be realistic!  Proving idea  Resources?  Starting  Running  Growing.

Slides:



Advertisements
Similar presentations
The Balance Sheet. Lesson Aims: To understand what the balance is used for and who uses it To understand what information is used to make a balance sheet.
Advertisements

Introduction to Accounting Chapter 1 © Luby & O’Donoghue (2005)
1 Republic of Macedonia-ESM EVN Income statement For the year ended 31 December _____ Note Current year Previous year Revenues Electricity revenues Other.
Entrepreneurship 6 Financial Resources for New Ventures: How to Get Them, How to Keep Them.
BAT4m Unit 1: Chapter 1 September Quiz on Friday September 12, 2014.
It is a sheet produced at the end of a financial year stating a summary of a firms assets, liabilities and capital. What is a balance sheet? Assets being.
SOURCES OF FINANCE.
A Limited Company A Business owned by shareholders who each give the business money in exchange for Shares It is run by directors (who may also be shareholders)
How To Set Up Your Own Business By Faith Wilkinson.
Accounts Interpreting Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist.
FINANCE BASICS Business Basics. Finance Basics Who cares anyway?  You should  Investors will Why?  Because financial statements tell you the truth.
Financial Strategy and Financial Objectives “Running by the Numbers”
Start up money Capital“money invested by the owners” - it can be a substantial amount - limited to personal wealth (Sole trader/partner) - LTD/PLC can.
Welcome Business Start-Up Programme Workshop 3 to the ‘Finance’
ACTIVITY! Working with the people around you, list as many of the shops at the local St Helena shopping strip as you can. You have three minutes!
FINANCE BASIC FACTS. Sources of funds Internal Retained profits Sale of assets Using trade credit Investing surplus cash Reducing inventory External Personal.
Source of finance All businesses need money to finance business activity. This can be for the initial setting up of the business, for its day-to-day running.
1 Understanding a balance sheet. Lesson Objective Understand the main elements of a balance sheet. Understand the difference between assets and liabilities.
Balance sheet Business Studies.
Balance Sheet A balance sheet is one of the three annual financial statements that companies are legally required to produce for auditing purposes. It.
Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash
Financial Accounting 1 Lecture – 41 Profit and Loss Account Shows profit earned or loss sustained from the operations of the business during the period.
Which source of finance? The following statements could be describing which sources of finance?
Who Wants to be a Social Entrepreneur? © reserved.
UNIT C ECONOMIC FOUNDATIONS AND FINANCING 6.01 Compare records used in business.
UNDERSTANDING FINANCIAL STATEMENTS. BASIC OBJECTIVES Accounting Basics Types of Financial Statements What do all these numbers mean?
1 The Balance Sheet Higher Grade Business Management 2009.
FINAL ACCOUNTS Trading Account – shows Gross Profit Profit and Loss Account – shows Net Profit Balance Sheet – shows what the business owns and owes and.
The process Revision. All information must be recorded Money from Customers is recorded on a Receipt Money paid to suppliers and employees on a Cheque.
ACCOUNTING & FINANCE Balance Sheet. Introduction and Key Definitions It shows the financial position of a firm at a particular moment in time. what “
Equity Versus Debt Debt Equity Credit Card ST Credit Facility Bank Loan Bond SharesVenture Capital Business Angels Creditors get: Periodic interest payments.
3.1 Sources of Financing Chapter 18 Part 2.
Balance Sheet. A Balance Sheet Is a statement of a firms assets, liabilities and share capital on a particular date.
ACCOUNTING & FINANCE Balance Sheet IGCSE Business Studies.
Balance sheets.
211 Internal Finance AS Edexcel New Specification 2015 Business By Mrs Hilton for.
213 Liability AS Edexcel New Specification 2015 Business
Partnership accounts Part 6. A partnership is formed when people agree to form a business. Each partner has unlimited liability. There can be limited.
Managing Financial Operations Patterns of Entrepreneurship Chapter 11.
3.7 Cash Flow.
Management of Working Capital. Balance Sheet A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific.
A2 Objectives and Strategy - Unit 6 Financing Growth Picture sourced from
Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.
Finance and Accounts A2 Business Studies. Revenue Total Revenue = Price x Quantity Sold This figure is needed for –BREAK EVEN ANALYSIS –PROFIT AND LOSS.
We will learn today: What a Balance Sheet is How to define Assets and Liabilities How to Make it BALANCE !
Unit 3.5 Final Accounts. Financial Statements ▫Profit and Loss account ▫Balance sheet ▫Cash Flow statement Financial Accounting Management Accounting.
LEARNING AIM C: Understand how businesses measure success and identify areas for improvement.
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Topic 3: Finance and Accounts
ORGANIZING AND FINANCING A NEW VENTURE 1 ENTREPRENEURIAL FINANCE.
BALANCE SHEET. Starter – DON’T LOOK IN BOOKS !!! What does a Trading, Profit and Loss Account show? What does an Appropriation Account show? How is it.
UWE Biz Idea Competition 2006/07 – Funding your Idea Dr David Bence University of the West of England.
Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist of three key accounting.
Balance Sheets “The balance sheet is an accounting statement that shows an organisation’s ASSETS (what the business owns) and LIABILITIES (what the business.
 This shows what the business:  Owns (assets)  Owes (liabilities)  How it has funded (capital employed) its net assets (assets less liabilities) 
Operating Finance.
START YOUR OWN BUSINESS
FINANCIAL INFORMATION
IB Business Management
GCSE Business Studies Unit 3 Planning a Business
Be The Entrepreneur Bootcamp
Accounts.
SOURCES OF FINANCE OWNER’S FUNDS ADDITIONAL PARTNERS
Finance Planning & Strategy.
CHAPTER 1 Introduction to business accounting and the role of professional skills pp. 1-29, Read pp lightly.
P2.
15 Getting Started Unit 5 and 4
We are a top 50 law firm, built around the needs of our clients
Business Financial Statements
Presentation transcript:

Start-up Businesses  Motivation  Idea? Will it work? Be realistic!  Proving idea  Resources?  Starting  Running  Growing

‘Do the numbers’…  Cash Flow Forecast – expected [or actual] cash receipts and payments  Profit and Loss account [P&L] – performance over a specific period (12 months) showing total money in and out during that period…invoice dates not cash received  Balance Sheet – a snapshot at a given time showing what is owned [assets] and what is owed [liabilities]  Get a good accountant and keep her/him

Legal Considerations Type of business [sole trader, partnership, Ltd., limited liability partnership] Conveyancing [acquisition of leasehold/freehold premises and advice on the complexities of landlord/tenant legislation] Intellectual Property [patents, trademarks, copyright, registered designs] Employment Law [beware!]; Health & Safety Litigation [debt collecting, passing off, patent/trademark infringement, breach of contract etc.

Sources of finance Bank overdrafts Bank loans Private loans Venture capital Business angels Grants

 Work in groups  You are a group of investors with money to invest  Would you invest in O 2 Scuba?  Why? Why not? O 2 Scuba You have 15 min. to create a three minute verbal response

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.