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book report synopses With all TLC manuscript assessments , you are welcome to define global submit your synopsis and cover letter, and we also provide a submission package assessment which looks at literature, your first 50 pages, synopsis, and #8216;Dear Agent#8217; letter. Global Interdependence! Our fees can be found here , and submission guidelines here . Client feedback can be found here . Epic Definition Literature! The dictionary definition of define global interdependence, ‘synopsis’ (derived from the Oryx and Crake by Margaret Essay Ancient Greek meaning) is ‘a brief description of the contents of define global, something’. The Individual Consumer Is! The purpose of global, a synopsis is to the individual consumer is inform a literary agent or publisher of the global type of book you are writing/have written in Oryx and Crake by Margaret Essay a concise, appealing fashion, conveying that you are in command of global interdependence, your subject matter. Styles! If you want your manuscript to define be given serious consideration, a good synopsis is literature, a crucial part of your submission. Define Global! The Writers’ Artists’ Yearbook will inform you that most publishing houses no longer accept direct submissions but those that do (usually the smaller houses) will usually ask for Essay The Man through Time a cover letter, synopsis and define, sample chapters rather than a whole work in Analysis in Odyssey the first instance. The same applies to global interdependence literary agents.

To put it simply, the styles sample chapters are to show how you write, and define global, the synopsis is to tell the reader what happens when they have finished reading them. This will help inform the epic definition literature publisher/literary agent whether they think it is worth their while to define global read more. Then, if they do want to read more, they will ask you. Of Colin Fletcher's The Man Who Walked! So, the define interdependence bottom line is this – if you want to have your manuscript read in my learning its entirety you must invest time in getting your cover letter and book synopsis right. I know from global interdependence, my experiences at mon frere in english, TLC that many writers can get disconcerted and interdependence, nervous by having to produce a synopsis and there are usually two reasons why. Weatherford! First, a writer might have an global, unwieldy story that they themselves are not 100 per cent convinced by, or a non-fiction project that they do not really know enough about.

If this is so, summarising can be difficult because the level of Symbolism Path by Eudora Welty, thinking through and planning of the global project has not been done in in A Worn by Eudora Essay the first place. In this instance, I would urge the writer to define question why this process is so difficult. My Learning Styles! If it is define global, because the story is mon frere, insufficiently clear, persuasive or gripping, then more work needs to define interdependence be done to get the manuscript into my learning styles, the kind of shape that would persuade an agent or editor to consider it further. Second, a writer might genuinely be able to define interdependence write a good book but not be experienced in epic definition the art of global interdependence, summarising a work in an effective manner. A few might even consider the act of doing so demeaning. If this is the case, I would urge you to think not of yourself, but of the reader, and treat the weatherford international wft layoffs project as a literary exercise which you should try to enjoy: a challenge and global interdependence, opportunity to weatherford international wft layoffs show your work off in its essential form. Global! It might help to refer to book blurbs, or plot summaries in Oryx and Crake by Margaret reference books such as The Oxford Companion to Literature, or online, for example in Wikipedia. Global! In addition to letting a professional reader know what happens in epic definition your manuscript, the define global interdependence synopsis will also let them know at on Rhetorical of Colin Fletcher's Who Walked through Time, a glance if you have thought about how your work fits in to the market. This is global interdependence, critical in non-fiction, less so with fiction, although with fiction awareness of what genre you have written in is vital.

Also, if what you are writing coincides with any major anniversaries for example, or might have a marketing ‘hook’ of any other kind, this is important to Analysis of Telemachus mention if not within the synopsis itself, then within a cover letter. A fiction synopsis should comprise a brief summary followed by define, a more detailed synopsis. But before writing either of Analysis of Telemachus in Odyssey Essay, these, you must clarify which genre your work fits into. Global Interdependence! The most important thing to realise about fiction in by Margaret respect of global interdependence, how you present it to is representatives of the define publishing industry is Oryx by Margaret, that it breaks down into define, different types, or genres. For those who think that the Symbolism in A Worn Path by Eudora obsession with genres, or types of fiction, is define global interdependence, a modern phenomenon, the styles lines from Polonius’ famous speech in Hamlet might serve to prove the global interdependence opposite. He describes the my learning actors who have come to court as ‘The best actors in the world … for tragedy, comedy, history, pastoral, pastoral-comical, historical-pastoral, scene individable, or poem unlimited’. Some of global, these dramatic forms are familiar and others not. There are always more genres being invented or cross-fertilised. It can be difficult to epic definition literature keep up!

The most popular genres today are, broadly speaking: crime, thriller, psychological thriller, detective, sci-fi, horror, comic, chick-lit, lad’s lit, historical, saga, literary, experimental, graphic, erotic, fantasy, romantic, women’s commercial fiction and interdependence, literary-commercial crossover – or, as it’s becoming more widely coined, ‘Lit Lite’. Classifying your novel within a genre can be a challenge. This is largely because when most people start to write a novel they do so without having studied the genre they are writing for. My Learning! Although, when you start to global write, you feel free to explore, practise and my learning styles, experiment without thinking in define global interdependence terms of the defining limits of Oryx Essay, a genre, by global, the time you come to of Telemachus Essay submitting your work to be published, it is very important to define global interdependence know which genre your work fits into. In all art forms there are rule breakers, but almost inevitably – as in mon frere in english the cases of interdependence, Picasso, Virginia Woolf and, more recently, the US writer Michael Cunningham – even the consumer is greatest ‘artists’ have studied the traditional forms/genres before taking any risks. A good starting point is to read books you consider similar to the one you are writing that are already published, and define global interdependence, note how they are classified on the back cover. By reading, and sometimes studying literature and writing through other routes, you will also learn the consumer is possibilities and global, limits offered by your chosen genre. The bad news is if you don’t clarify what kind of Oryx Essay, book you have written, the chances are it will reflect in interdependence the text. If you don’t clearly inform the Oryx and Crake Essay agent or editor what your book is about and which category it falls into, it may all too quickly be labelled as a work which ‘falls between stools’ , is define global, impossible to market and so doesn’t get considered any further. Having made it your top priority to in A Worn by Eudora Essay identify what type of novel you have written, you can make a start on global interdependence your all-important synopsis.

All good synopses should begin with a brief summary of 30–75 words, the sort of thing which appears on a book’s back cover. On Rhetorical The Man Who Walked Time! For example, had you written Pride and Prejudice today: Pride and Prejudice is a contemporary, literary romance about global interdependence, a woman who falls in love with a man she thinks she hates. Symbolism In A Path Welty Essay! Pride and define global, Prejudice, a contemporary, literary novel, tells the story of Elizabeth Bennett, a proud, intelligent woman, one of five sisters, whose mother is consumer, committed to marrying her children off as a matter of define global interdependence, urgency. My Learning! Elizabeth meets Darcy, owner of a grand estate, but considers him over proud, arrogant and undesirable.

In time, she learns that he is define interdependence, not all that he appears to be, and of Telemachus in Odyssey Essay, revises her prejudice, before they fall deeply in define interdependence love. Consumer Is! Both these examples, one short, one longer, serve to define global whet the appetite for Analysis of Telemachus in Odyssey Essay more detail to follow. An example of an ostensibly weak synopsis, which rambles and fails to define global emphasise the most important points quickly enough, might be: Set at Oryx by Margaret Essay, some point in the nineteenth century, five sisters are looking for global husbands. Or is in english, Mary, really? Anyway, their mother is a real fuss pot and define interdependence, annoys everybody. Outside their house there are lots of Oryx and Crake Atwood Essay, fields and it is sometimes raining. The girls’ father is interdependence, gentle and kind, with grey hair but not good at Fletcher's The Man Who Walked through Time, standing up to his wife always. Define! Mr Bingley is an important character who is very handsome, but is weatherford wft layoffs, he as handsome as Mr Darcy?

It is hard to tell! … Hopefully you can see the clear differences between the two. Define! Following the my learning brief summary should be a more detailed synopsis of interdependence, 350–450 words. On Rhetorical Time! Literary agents do not want a detailed chapter-by-chapter breakdown (if they do, they’ll ask for define global one) as reading them can be tiresome and in A Worn Welty, difficult to global follow. The main aim of the is longer synopsis is to global give a detailed overview which clearly and concisely conveys how the Essay through story flows and define, unfolds, and (very importantly) what is Essay, interesting about global, it. In English! The longer synopsis should also reconfirm when the define global interdependence story is set (i.e. is the individual is, it contemporary or historical?); the setting or background (e.g. is define interdependence, Thatcher’s government in my learning its last throes or are we in a quiet Devonshire village where nothing ever happens, but there is a sense of impending doom?); inform the define interdependence reader about the central character (i.e. what is in english, interesting about define global, them and what happens on their journey), as well as giving brief reference to Analysis of Telemachus in Odyssey Essay other characters that are directly pivotal to the plot. The longer synopsis should also highlight the dramatic turning points and tell the interdependence reader of any other salient information which will help convey what kind of mon frere in english, work it is, how well imagined are the characters involved and how well thought through and alluring is the plot. Alongside the synopsis should also be an excellent, economically written and define interdependence, confident sounding cover letter. This should simply address a well-researched literary agent by name (never put a generic ‘Dear Sir/Madam’).

In this you should say that you are enclosing a novel called ‘X’, which is styles, a thriller/literary/coming-of-age/horror novel (identify genre). Define Interdependence! It does not matter if this is Symbolism in A Path by Eudora, repeated on the synopsis page. You may also wish to refer to writers you feel you are similar to, although do be careful not to global interdependence have misplaced arrogance in styles this. Define! You might say ‘I write in of Telemachus the genre of define global, John Grisham because he is a writer I read and of Colin Fletcher's The Man Who Walked through, hugely admire’ or you might say ‘this is a novel in global interdependence which To Kill a Mockingbird meets Crash’ or ‘Harper Lee meets J.G Ballard’ – but do be careful that you know you have the talent to and Crake by Margaret claims like these. Otherwise, let the global interdependence agent decide and they will help market you to the publisher, and in Odyssey, the publisher then help market you to the public. If you admire an agent for a particular reason, such as they publish a hero or heroine of yours, let them know. If you have something interesting to say about define global interdependence, yourself, such as that you have won a writing competition or published before in mon frere in english relevant publications, do include this briefly in the cover letter.

It is for you to define global interdependence judge what is epic, of particular interest about interdependence, you, and the individual consumer, how much to say, but you should also provide a fuller biographical note which sits well at the bottom of the synopsis page. Define Global! This should be between 50 and 200 words as a guide. Mon Frere In English! If you have been published provide a summarised list of global interdependence, publications here. If you have not, or are trying to consumer is hide a career you think has gone off track and want to define interdependence appear fresh, keep it brief and in Odyssey, mention what you do, your age and global, anything that makes you sound interesting. If your career is Worn Path by Eudora Welty Essay, related to your subject matter, then do say this. For example ‘I worked as a miner for twenty year’ if your book is set in global a mining community. Analysis The Man Who Walked Through Time! Do avoid listing technical publications as evidence of writing ability if you are submitting fiction. There is an global, enormous difference between writing technically and Analysis in Odyssey, writing fiction, and if you don’t seem to know this it is interdependence, not impressive. This is on Rhetorical Fletcher's Who Walked through Time, different for define non-fiction. The Individual Consumer Is! As a rule, err on the side of global, brevity if necessary. If the reader loves your work they will be in touch to find out epic, more about you.

For help with learning how to global interdependence self-market read Marketing Your Book: An Author#8217;s Guide by by Margaret Essay, Alison Baverstock. Define Global! NB: If the work is literary, there may be less emphasis on plot and more on the quality of the prose. Due to current climates and mon frere in english, publishing trends, this is a difficult time to interdependence publish literary fiction without strong plots, although things undoubtedly will change. By Margaret Essay! A synopsis for a work of non-fiction performs a different function. Define Global Interdependence! The consideration of Essay on Rhetorical Analysis of Colin Fletcher's The Man Time, whether a non-fiction book has a potential market is generally more straightforward than for new fiction. In the global case of non-fiction you should certainly have carefully researched your market before submission and Essay Analysis of Colin The Man through Time, ideally list the define competitors in the field, outlining why your project is different and why you are the and Crake by Margaret Atwood writer best positioned to interdependence write the book you have. Also, you should be able to epic literature list any marketing opportunities you believe your book may have, such as identifiable, or even guaranteed readers such as students if you teach a course, anniversary tie-ins and define interdependence, so on. A literary agent is often prepared to Essay on Rhetorical Analysis Who Walked through sell a non-fiction work on define global interdependence synopsis and epic definition literature, chapters only. This is an define interdependence, extreme rarity in the case of fiction. This is because it is easier for definition people to define global interdependence see if there is Oryx Atwood Essay, a market gap that can be filled by the project, before the define global work is finished.

You may not need an Oryx by Margaret, agent for certain, more niche types of non-fiction book. In these cases publishers may well be prepared to define interdependence take direct submissions from you. Again, this is because in my learning the area of self-help or business books for example, a list will know clearly what it’s gaps are. It may have a standard format it is global, looking to epic definition sell books in. You should certainly research these formats and contact editors specialised lists to find out if they do have space for your idea, and so that they can let you know exactly how they like work to be presented before forming the global project in your mind.

I think it best in by Eudora Welty general for the non-fiction writer to prepare two different types of proposal. Interdependence! The first would form an initial pitch and consumer is, the second the follow-up proposal if the editor or literary agent asks to see more. Global Interdependence! Both documents need to Analysis in Odyssey be thoroughly persuasive as these may go directly towards securing a book deal. This should be no more than one to global two pages. Weatherford! Include a brief summary (e.g. ‘Flying High is define global interdependence, a book about the history of aeronautics’ or ‘My Name was Glory is the biography of Amanda Flemming, maid to Queen Gertrude and on Rhetorical Analysis Fletcher's Who Walked through, unknown holder of the define global interdependence Secret Chalice’) and Oryx by Margaret Atwood Essay, a description of the contents of the book, with an define global interdependence, argument for the individual why it should be published now and why you are qualified to define global interdependence write it. Ideally, you should also include an styles, overview of define, other work in the field, and argue why yours fills an Analysis of Telemachus Essay, important gap.

In addition, you should include a chapter breakdown, giving a provisional title for global each chapter with a brief summary (30–60 words, as a guide only) of the contents of in english, each chapter to show how the book is structured throughout. Here also, do spell out define global, any ideas you have about the individual, how the define book might be marketed. As non-fiction markets are more specific than fiction markets, it is helpful for my learning the author to help the agent or editor know what hooks there might be to help sell copies. Define Interdependence! As I have said, if you are lucky enough to have any guaranteed markets, such as students on my learning styles a course you teach, do of course inform the industry of this. Define Interdependence! If you can estimate a word count for the length of the work do so. For some pre-formatted non-fiction titles, there will be a word-length you will be expected to hit anyway. You will discover this as you research. The more in-depth synopsis with sample chapter should include the Analysis The Man Who Walked through Time initial pitch, but with any added material you can muster in global interdependence terms of defending your position as author or the book’s market chances. Most importantly in international wft layoffs the longer pitch you need to show that you can write the define global book. Do provide more in-depth chapter breakdowns (100–150 words each) and critically 5000–10,000 words of polished, irresistibly clear and well-written text to show that you are capable of executing your intentions in a winning manner.

I would always advise writing the my learning styles introduction and the opening chapter if possible to really show you mean business. Those two together would usually take you to between 5000 and 10, 000 words. Interdependence! Whilst it is worth spending time ensuring you have a good, short, confident cover letter, synopsis and it is Oryx and Crake by Margaret Atwood, important to define global interdependence stress that there is consumer is, nothing as important to an editor than the quality of define global, your writing and your ability to sustain the interest of a reader in the main body of the the individual is text. A synopsis is global interdependence, not a magic wand that will influence the real standard of a work. Essay On Rhetorical Fletcher's The Man Time! I have seen perfectly polished synopses followed by poor writing. The net result of this is that one feels excited, only to global interdependence be let down, which is off-putting in mon frere in english itself. Global! If you have the in english skill to write a gripping synopsis, do ensure that you have used your energies wisely in global interdependence advance of submitting and make sure that the epic definition literature book itself is as good as it can be. Focus, particularly, on the fine-tuning of the opening 50 pages. Unless your synopsis and summary are actively off-putting, they should generally serve as a flag to indicate to the reader where they are beginning and then as a guide to the story beyond the global extract submission. If the agent or publisher likes what they see well enough to ask for in A more … well done!

Oh and global interdependence, good luck. Prue Leith on her experience of in english, TLC. “Over the interdependence previous few days, Leonie had asked Venus questions The reports I had from TLC were my teachers and

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Pre-Action Protocol for Judicial Review. 1. This Protocol applies to proceedings within England and Wales only . It does not affect the time limit specified by define Rule 54.5(1) of the Civil Procedure Rules (CPR), which requires that any claim form in an application for judicial review must be filed promptly and in the individual consumer any event not later than 3 months after the grounds to define global interdependence, make the claim first arose. Nor does it affect the epic literature shorter time limits specified by global interdependence Rules 54.5(5) and (6), which set out that a claim form for certain planning judicial reviews must be filed within 6 weeks and the individual the claim form for certain procurement judicial reviews must be filed within 30 days. 1. 2. This Protocol sets out a code of good practice and contains the steps which parties should generally follow before making a claim for judicial review. 3. The aims of the protocol are to enable parties to prospective claims to—

(a) understand and define global interdependence properly identify the issues in dispute in the proposed claim and share information and relevant documents; (b) make informed decisions as to whether and how to proceed; (c) try to settle the dispute without proceedings or reduce the issues in dispute; (d) avoid unnecessary expense and Symbolism in A Path Welty keep down the costs of resolving the dispute; and. (e) support the efficient management of proceedings where litigation cannot be avoided. 4. Judicial review allows people with a sufficient interest in a decision or action by a public body to ask a judge to review the lawfulness of— 5. Judicial review should only define global be used where no adequate alternative remedy, such as a right of appeal, is Oryx and Crake Atwood available. Even then, judicial review may not be appropriate in every instance.

Claimants are strongly advised to seek appropriate legal advice as soon as possible when considering proceedings. Although the interdependence Legal Aid Agency will not normally grant full representation before a letter before claim has been sent and the proposed defendant given a reasonable time to respond, initial funding may be available, for eligible claimants, to cover the work necessary to write this. (See Annex C for more information.) 6. This protocol will not be appropriate in very urgent cases. In this sort of case, a claim should be made immediately. Is? Examples are where directions have been set for the claimant's removal from the UK or where there is an urgent need for an interim order to compel a public body to act where it has unlawfully refused to do so, such as where a local housing authority fails to define global, secure interim accommodation for a homeless claimant. A letter before claim, and Welty Essay a claim itself, will not stop the implementation of a disputed decision, though a proposed defendant may agree to take no action until its response letter has been provided. In other cases, the claimant may need to apply to the court for an urgent interim order.

Even in very urgent cases, it is good practice to alert the defendant by telephone and to send by define global email (or fax) to the defendant the draft Claim Form which the claimant intends to issue. A claimant is also normally required to mon frere, notify a defendant when an interim order is being sought. 7. All claimants will need to interdependence, satisfy themselves whether they should follow the protocol, depending upon the circumstances of the case. Where the use of the protocol is appropriate, the court will normally expect all parties to have complied with it in and Crake Atwood good time before proceedings are issued and will take into account compliance or non-compliance when giving directions for case management of proceedings or when making orders for define interdependence costs. 3. 8. The Upper Tribunal Immigration and by Eudora Essay Asylum Chamber (UTIAC) has jurisdiction in interdependence respect of judicial review proceedings in relation to most immigration decisions. 4 The President of UTIAC has issued a Practice Statement to the effect that, in judicial review proceedings in UTIAC, the in english parties will be expected to interdependence, follow this protocol, where appropriate, as they would for proceedings in the High Court. Alternative Dispute Resolution. 9. The courts take the view that litigation should be a last resort. The parties should consider whether some form of alternative dispute resolution (‘ADR’) or complaints procedure would be more suitable than litigation, and if so, endeavour to by Margaret Essay, agree which to adopt.

Both the claimant and defendant may be required by the court to provide evidence that alternative means of resolving their dispute were considered. Define Interdependence? Parties are warned that if the literature protocol is not followed (including this paragraph) then the court must have regard to such conduct when determining costs. However, parties should also note that a claim for judicial review should comply with the time limits set out in the Introduction above. Exploring ADR may not excuse failure to comply with the time limits. If it is appropriate to issue a claim to ensure compliance with a time limit, but the parties agree there should be a stay of proceedings to explore settlement or narrowing the issues in interdependence dispute, a joint application for appropriate directions can be made to the court. 10. It is not practicable in this protocol to Analysis of Telemachus, address in detail how the parties might decide which method to adopt to interdependence, resolve their particular dispute.

However, summarised below are some of the Oryx and Crake by Margaret Atwood options for resolving disputes without litigation which may be appropriate, depending on the circumstances— 11. The Civil Justice Council and Judicial College have endorsed The Jackson ADR Handbook by Susan Blake, Julie Browne and Stuart Sime (2013, Oxford University Press). The Citizens Advice Bureaux website also provides information about ADR: http://www.ad viceguide.org.uk/england/law_e/law_legal_system_e/law_taking_legal_action_e/alternatives_to_court.htm. 12. If proceedings are issued, the parties may be required by the court to provide evidence that ADR has been considered. A party’s silence in interdependence response to an invitation to participate in in english ADR or refusal to participate in ADR might be considered unreasonable by the court and could lead to the court ordering that party to pay additional court costs.

Requests for information and documents at the pre-action stage. 13. Requests for information and documents made at the pre-action stage should be proportionate and define global should be limited to what is properly necessary for the claimant to understand why the challenged decision has been taken and/or to present the claim in a manner that will properly identify the issues. The defendant should comply with any request which meets these requirements unless there is good reason for it not to do so. Where the court considers that a public body should have provided relevant documents and/or information, particularly where this failure is a breach of a statutory or common law requirement, it may impose costs sanctions. 14. Consumer Is? In good time before making a claim, the claimant should send a letter to the defendant. The purpose of this letter is to identify the issues in dispute and establish whether they can be narrowed or litigation can be avoided. 15. Claimants should normally use the define suggested standard format for the letter outlined at Annex A. Symbolism Worn Path Welty? For Immigration, Nationality and Asylum cases, the Home Office has a standardised form which can be used. It can be found online at: https://www.gov.uk/government/publications/chapter-27-judicial-review-guidance-part-1.

16. The letter should contain the date and details of the decision, act or omission being challenged, a clear summary of the facts and the legal basis for the claim. It should also contain the details of interdependence, any information that the claimant is seeking and an explanation of why this is considered relevant. If the claim is by Margaret Essay considered to be an Aarhus Convention claim (see Rules 45.41 to define global, 45.44 and Practice Direction 45), the letter should state this clearly and and Crake Essay explain the reasons, since specific rules as to costs apply to such claims. If the define global claim is considered appropriate for allocation to the Planning Court and/or for classification as “significant” within that court, the letter should state this clearly and mon frere explain the reasons. 17. The letter should normally contain the details of any person known to the claimant who is an define global, Interested Party. An Interested Party is any person directly affected by the claim.

5 They should be sent a copy of the letter before claim for information. Claimants are strongly advised to seek appropriate legal advice when considering proceedings which involve an Interested Party and, in the individual is particular, before sending the define interdependence letter before claim to definition literature, an Interested Party or making a claim. 18. A claim should not normally be made until the proposed reply date given in the letter before the global interdependence claim has passed, unless the circumstances of the case require more immediate action to be taken. The claimant should send the Symbolism in A Path by Eudora letter before claim in good time so as to enable a response which can then be taken into account before the time limit for issuing the claim expires, unless there are good reasons why this is not possible. 19.

Any claimant intending to ask for define global a protective costs order (an order that the claimant will not be liable for the costs of the defendant or any other party or to limit such liability) should explain the reasons for making the request, including an explanation of the limit of the Analysis of Telemachus in Odyssey Essay financial resources available to define global interdependence, the claimant in making the claim. 20. Defendants should normally respond within 14 days using the standard format at Annex B. Symbolism In A Worn By Eudora Welty? Failure to do so will be taken into account by the court and sanctions may be imposed unless there are good reasons. 6 Where the claimant is define global interdependence a litigant in person, the defendant should enclose a copy of Symbolism in A Worn Path, this Protocol with its letter. (a) where appropriate, contain a new decision, clearly identifying what aspects of the claim are being conceded and what are not, or, give a clear timescale within which the global interdependence new decision will be issued;

(b) provide a fuller explanation for the decision, if considered appropriate to do so; (c) address any points of dispute, or explain why they cannot be addressed; (d) enclose any relevant documentation requested by the claimant, or explain why the by Margaret documents are not being enclosed; (e) where documents cannot be provided within the time scales required, then give a clear timescale for provision. Interdependence? The claimant should avoid making any formal application for consumer is the provision of documentation/information during this period unless there are good grounds to show that the timescale proposed is unreasonable; (f) where appropriate, confirm whether or not they will oppose any application for an interim remedy; and. (g) if the claimant has stated an global interdependence, intention to ask for a protective costs order, the my learning styles defendant’s response to this should be explained. Section 1. Define Global? Information required in mon frere in english a letter before claim. 1 Proposed claim for define judicial review.

(Insert the name and consumer address of the global proposed defendant – see details in section 2.) (Insert the title, first and last name and the address of the claimant.) 3 The defendant’s reference details. 4 The details of the claimants’ legal advisers, if any, dealing with this claim. (Set out the name, address and reference details of any legal advisers dealing with the claim.) 5 The details of the matter being challenged. (Set out clearly the matter being challenged, particularly if there has been more than one decision.) 6 The details of any Interested Parties. (Set out the is details of any Interested Parties and confirm that they have been sent a copy of this letter.) (Set out a brief summary of the facts and relevant legal principles, the date and details of the decision, or act or omission being challenged, and why it is contended to interdependence, be wrong.) 8 The details of the my learning action that the defendant is expected to take.

(Set out the details of the remedy sought, including whether a review or any interim remedy are being requested.) (Set out any proposals the claimant is making to resolve or narrow the dispute by ADR.) 10 The details of any information sought. (Set out the details of any information that is sought which is related to identifiable issues in dispute so as to enable the interdependence parties to resolve or reduce those issues. Of Telemachus In Odyssey? This may include a request for a fuller explanation of the reasons for the decision that is being challenged.) 11 The details of any documents that are considered relevant and necessary. (Set out the details of any documentation or policy in respect of which the disclosure is sought and explain why these are relevant.)

12 The address for reply and define global service of court documents. (Insert the address for the reply.) (The precise time will depend upon the circumstances of the in A Worn by Eudora Welty individual case. However, although a shorter or longer time may be appropriate in a particular case, 14 days is a reasonable time to allow in most circumstances.) Section 2. Address for sending the letter before claim. Public bodies have requested that, for certain types of cases, in order to ensure a prompt response, letters before claim should be sent to define, specific addresses. Alternatively the definition literature claim may be sent by post to the following Home Office postal address: Middlesex UB3 5EY.

The address on the decision letter/notification; Corporate Legal Team. Legal Aid Agency. 102 Petty France. London SW1H 9AJ. The address on the decision letter/notification; and. their legal department 9.

The Treasury Solicitor, One Kemble Street, London WC2B 4TS. 9 The relevant address should be available from a range of sources such as the Phone Book; Business and Services Directory, Thomson’s Local Directory, CAB, etc. Section 3. Specific reference details required. Public bodies have requested that the following information should be provided, if at all possible, in order to ensure prompt response. Where the claim concerns an Immigration, Asylum or Nationality case, dependent upon the nature of the case— Where the claim concerns a decision by the Legal Aid Agency— Response to a letter before claim. Information required in a response to a letter before claim.

(Insert the title, first and last names and the address to which any reply should be sent.) (Insert the name and interdependence address of the defendant.) (Set out the relevant reference numbers for Analysis of Telemachus in Odyssey the matter in dispute and the identity of those within the public body who have been handling the issue.) 4 The details of the matter being challenged. (Set out details of the matter being challenged, providing a fuller explanation of the define global interdependence decision, where this is considered appropriate.) 5 Response to the proposed claim. (Set out whether the issue in question is conceded in part, or in full, or will be contested. Where an interim reply is being sent and there is Analysis of Telemachus a realistic prospect of define global interdependence, settlement, details should be included. If the claimant is a litigant in person, a copy of the Pre-Action Protocol should be enclosed with the letter.) 6 Details of any other Interested Parties. (Identify any other parties who you consider have an interest who have not already been sent a letter by the claimant.)

(Set out the defendant’s position on in english any ADR proposals made in the letter before claim and any ADR proposals by global the defendant.) 8 Response to requests for information and documents. (Set out the defendant’s answer to Analysis of Telemachus in Odyssey, the requests made in interdependence the letter before claim including reasons why any requested information or documents are not being disclosed.) (Set out the address for any future correspondence on this matter) Notes on public funding for legal costs in judicial review. Public funding for legal costs in judicial review is available from legal professionals and advice agencies which have contracts with the Legal Aid Agency. Funding may be provided for—

Investigative Help is limited to funding to investigate the strength of the proposed claim. It includes the issue and conduct of Analysis of Telemachus, proceedings only global interdependence so far as is my learning styles necessary to obtain disclosure of relevant information or to protect the client's position in relation to any urgent hearing or time limit for the issue of proceedings. This includes the work necessary to write a letter before claim to the body potentially under challenge, setting out the grounds of challenge, and giving that body a reasonable opportunity, typically 14 days, in which to respond. Full Representation is provided to interdependence, represent you in legal proceedings and includes litigation services, advocacy services, and all such help as is of Telemachus usually given by a person providing representation in global proceedings, including steps preliminary or incidental to proceedings, and/or arriving at in english or giving effect to a compromise to avoid or bring to an end any proceedings. Except in emergency cases, a proper letter before claim must be sent and the other side must be given an opportunity to respond before Full Representation is granted.

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Chapter 3: Products and global interdependence Services: This section describes what products and/or services your business will sell (now and in 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 Market Analysis: The customers and market analysis page indicates your target customer segments, what needs you are filling for in A Worn Path by Eudora Welty Essay them , and the latest trends among these consumers in terms of growth and behavior. Chapter 5: Marketing and Sales: The marketing and global interdependence sales chapter allows you to Symbolism in A Worn by Eudora Essay, describe how you will sell your product/service. Particularly what are your company’s strategies for positioning, pricing, promotion and global distribution. Chapter 6: Strategy and Implementation: This chapter will give you an consumer opportunity to set the key milestones that help establish a timeline of progress towards your goals. Define? Additionally, it includes subsections like SWOT analysis, competitive edge, and Oryx by Margaret Atwood Essay 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 more. If you are purchasing an existing company, you should also include the 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 define global forecasts that a plan should offer to attract investment. For guidance on Oryx by Margaret Essay, what you should include in define, your plan, and why, please reference our How to Write a Business Plan set of articles below. Downloading this small business plan comes at is, no cost, so feel free to start your download and get started. However, you should be aware that there are some pros and cons to define global interdependence, using free business templates, rather than using professional software or an my learning styles experienced writer. Writing a business plan is a prerequisite to your company’s success.

A solid plan is necessary to help found your company and ensure that your goals remain on global, track over time. Your plan can and will change as you encounter the unpredictable variables that come with starting your own company. 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 of Telemachus in Odyssey Essay limits you’ve already reached. Your business strategy should account for the next 3-5 years in advance, and cover every aspect of your industry, including the critical relation between marketing and sales to define global interdependence, your company’s finances. Your plan should include the following sections before you submit it to investors. Click each accordion to read a how-to guide for each chapter: “How to Write a Business Plan” Table of Contents: How to of Telemachus in Odyssey Essay, Write the Executive Summary. The executive summary contains all of the essential information about what makes your business strong and worthy of investment . It covers the major highlights of the define global 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 my learning why your business idea will be successful. If you are seeking financing, the interdependence executive summary is your first opportunity to grab a potential investor’s interest. The executive summary will be the first chapter of your business plan, though it’s actually the last section that you should write . First, you’ll need to do heavy research to ensure that your plan is definition literature, sound before you can write the executive summary.

This section will be different depending on global, if you are an established business or a new startup. A startup company’s executive summary will need to in A Worn Path Welty Essay, be interesting and convincing to capture the attention of investors. Define Global? Your company will lack the epic definition historical data and trends that existing companies are able to interdependence, provide, but there are strategies to mitigate these factors. First, you’ll need to briefly explain who you are, the Symbolism Welty Essay background of interdependence your management team, and your reasoning behind starting a business in your chosen niche. Secondly, you’ll need to Essay, 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 data and analysis to back up your claims?

Even in a standard plan, the define interdependence executive summary for an existing business has no set template, although there are several suggested guidelines that you can find around the web. We suggest the 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 in english purpose of the plan (e.g.; to raise a specific amount of debt financing to expand a store location) as well an overview of the company (name, location, company type, products sold, founder(s) and founding date). Describe the global key milestones or objectives that you want to achieve with this business (these are the tangible results in which you use to epic definition literature, prove success of the venture). This statement should be concise and to the point. Summarize the members of the 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 more detail in the Products and Services section.

Products and Services. Describe the products and interdependence services you are providing and who the competitors are within the industry . Keep this section brief, as you will go into epic definition, 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 define global interdependence, 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 distribution. Summarize the in english most important points from the Financial Plan section here.

This should include your sales forecasts and projected expenses as well as the logic behind the interdependence 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. Financing Requirements (Optional) Summarize the amount of equity and/or debt financing that you are seeking, when you need it, the use of the funds, and when you expect to reach your next milestone event and/or start paying back the loan. Keep this at an overview level , as you will go into more detail later on mon frere, 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 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 Company and Financing Chapter. The company and finance section of define 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 my learning styles future likelihood of success. Company and global interdependence 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 mon frere approaches on how to lay out the various components of a business plan.

Our approach for the company overview section is to provide the reader with the company’s legal information, address and a brief description of the global company’s history. Since there are follow up sections in this chapter that over mon frere go the company’s location and history in 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 meant only to explain the broad differences between the global most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an mon frere in english unincorporated business by him or herself.” While the define interdependence 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 my learning styles, it, and you lose in define global interdependence, court, the creditors can legally go after your personal possessions – such as the roof over your head. A partnership, according to the IRS: “A partnership is the mon frere 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 global interdependence, 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 Symbolism Path Welty not needing to global interdependence, file dissolution documents if dissolving the partnership. And Crake? However, similar to sole proprietorships, partners in interdependence, a partnership have unlimited liability for Worn Path Essay the company’s debts and interdependence liabilities. Limited Liability Partnerships (LLPs) LLPs are different from and Crake Essay, traditional partnerships in that there are two classes of global 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 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. Atwood Essay? A corporation is commonplace for businesses that anticipate seeking venture capital financing. The downside to a corporation is the global interdependence 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 definition literature IRS to 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 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 the individual level (acts as a pass-through entity). Describe the define global interdependence type of company you plan to open, along with the registered name you plan to use. Explain your rationale – for 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 Oryx by Margaret Atwood Management Team section is define global interdependence, especially critical. With the lack of history, there is little investors can go by to of Telemachus Essay, gauge the 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 execute on the stated goals. To accomplish this, you should highlight:

Background of each member of the management team (education, relevant work experience, etc.) Roles and responsibilities within the company. Tip: Don’t include details about members of the Management Team that are not relevant to the reader. Everything presented should reinforce why your team is the right team to execute on the company’s vision. If you have an define established business the information you want to Analysis in Odyssey Essay, present is the same. Keep in mind, however, that you also want to demonstrate that your team has the interdependence capability to mon frere, manage growth of the company.

As a company grows from start-up to established business, the management team must also change. Define Global? They must be able to manage employees, institute standardized systems, and ensure the business’s ability to epic definition literature, 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 define global interdependence, elected by the shareholders and Worn by Eudora Welty Essay is the interdependence highest authority in the management of the company. For our purposes (context of Symbolism 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 Director’s typical responsibility is to interdependence, 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 provides it with assistance when needed. In English? Choose individuals with knowledge in your industry and are willing to play a role in your company . While some advisors are compensated, it comes down to a case-by-case basis, frequently depending on global, 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 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. Mon Frere? Feel free to define, shake up the my learning styles 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 define how you got to the requested amount. Important 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 and in particular, complete the financial planning process. Only then will you be able to identify the amount of Analysis money you will need to define global interdependence, raise. There are two primary financing options: equity and debt.

The primary difference between equity and debt financing is that debt financing is essentially a loan that is backed by 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 your receivables. In contrast, equity financing is essentially you exchanging a stake in your company for a specific sum of money from an investor . Therefore, the amount you are able to raise from investors comes down to how much they value your company. 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 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 break-even and 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 further grow your company, which may already be profitable. Or you might use the financing to get your product to the next stage in its product development lifecycle (i.e.; milestone event). The Individual? But the interdependence general concept is the the individual 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 cash flow statement to determine the global cumulative cash flow. Oryx And Crake Atwood Essay? 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 define global, 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 mon frere investor thinks your company is worth (which is define interdependence, 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 analyzing the literature market value of its assets. In other words, in this approach the company is worth the define global interdependence sum of all its assets if they were to be liquidated . This approach may be appropriate for Essay some industries such as real estate where the asset value may actually be worth more than the going concern value (present value of future cash flows generated by global interdependence the asset). However, for epic literature many companies the define value of its branding and reputation, along with its ability to generate profits, will exceed the value of its assets. The market approach seeks to definition literature, determine a company’s value by analyzing recent sales of similar assets, with the theory that valuations of define global interdependence 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 Symbolism Worn Path Essay 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 define pieces to complete the equation. Oryx And Crake By Margaret? You have the amount of money you need by looking at cumulative cash flow.

You also have an idea of how much money your company will be worth. Equation to determine how much equity you should offer: Equity to offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for define cash. Instead, you should focus on the loan’s interest rate and payment schedule. The Individual Consumer? Make sure you will be turning a profit that is both large enough and soon enough to 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 interdependence equity offered and at what company valuation (you may wish to keep exact figures vague in Analysis in Odyssey Essay, order to 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 define interdependence, 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 the Appendix within the 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 Essay, 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.

It works very similarly to a credit card in that you typically have a pre-set limit to how much you can borrow, the major exception that since you may be able to secure the line of credit with assets, you may be able to get better terms. In the interdependence Quick Start Guide we briefly went over the different strategies available and how thinking about my learning, 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 VCs demand a large return on define global, their investment since they are taking a large risk by investing into your company. Therefore, you need to include detailed information on how you intend to sell the company or take it public.

Demonstrating a large market opportunity. If investors are going to the individual consumer is, take a big risk, they demand a big return. You need to demonstrate your business has the define interdependence potential to either take substantial market share from an incumbent competitor, or create a new market. Investors like to be in the individual consumer is, hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and define global 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 epic definition literature, 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 define core purpose and Oryx vision of the company. Define Global Interdependence? 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 company does (what it sells) as well as the 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 deliver innovative medicines that help patients prevail over serious diseases.” Why it’s great: The keywords “discover, develop and deliver” demonstrate the company’s capability to epic literature, in delivering an end-to-end solution. Interdependence? 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 Symbolism in A Worn Path by Eudora Welty, (1) cutting edge and define global interdependence (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 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 the laws of the jurisdictions in which it operates and at in A Worn Path by Eudora Welty, all times observing the define 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 in A Welty, maximize value) and define interdependence borderline absurd (are there companies that do not want to adhere to local and federal laws)? Lastly, it does not mention what the 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 nature of consumer is our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only define global interdependence, stating that as the company’s mission statement is ineffective, lacks direction or focus, and 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 my learning, 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 the level of detail you want to define, include. This is dictated by the relevancy of the information to and Crake by Margaret Essay, the reader and how this information helps strengthen your plan’s ability to build credibility for your company. Every company is made of interdependence milestones. Milestones for a business are achievements that demonstrate the and Crake by Margaret Essay business is on the right track. Global Interdependence? 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 execute and Analysis of Telemachus in Odyssey 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 global interdependence, 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 lease terms you are able to the individual consumer, secure, and if there are any laws that protect the define global lessee from Symbolism in A Essay, unreasonable price increases. You can read a detailed article about what to global interdependence, look for in a lease agreement here.

Provide detailed information on the manufacturing facilities. For example, your operation may require a reliable source of in english electricity and water. Describe how the facility provides the business with these resources. Interdependence? If the facility is mon frere in english, pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an define interdependence important aspect of epic literature your business even if you are not in retail or manufacturing. For example, you might want to define global, open your software company in Silicon Valley as that provides a competitive advantage from an 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 Worn Path by Eudora Essay financing section of define global interdependence 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 my learning 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 define Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and my learning styles Services (optional) Your products and services are the lifeblood of your business – it’s what your customers need, and if you get this right, everything else will follow . Define Interdependence? Commonly referred to as “product lift”, which essentially means getting the secret sauce working. It means that customers want to buy your product/service, and you are filling a need that was previously not satisfied. Thinking in epic literature, terms of benefits vs. features. What is the consumer really buying?

For example, a person buying a Rolex watch is not only buying a device to tell time, but the interdependence 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 features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from the individual consumer, competing products/services. You may have heard the business adage that acquiring a new customer is indefinitely more expensive then keeping an existing customer. Define Global? One of the reasons this is true is the potential to mon frere in english, sell additional add-ons, upgrades and define global interdependence substitute products/services to existing customers . Think about 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 stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per in english 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 extremely useful tool and one that should be revisited often as the 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 define global 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 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 the individual, find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn.

Not only interdependence, do you have to my learning, worry about define global interdependence, current competitors you can see, but you have to be vigilant and be on the lookout for new entrants. Analysis? For example, a company that already sells to your customer base may see your industry as a logical next step. You should consider the define global 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 Analysis of Telemachus, 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 global interdependence long. Sourcing is simply the my learning process of procuring goods and services from suppliers that are required for interdependence 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 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 in Odyssey Essay, meet your needs? Fulfillment is simply the process of how your company delivers its products/services, from point of sale to delivery. Define Global? There are several popular fulfillment options: Engineer to order: the product is of Telemachus in Odyssey Essay, designed and built to customer specifications (e.g.; large construction projects) Build to order: the global product’s design is standardized but manufacture of final product is based off of customer specifications (e.g.; aircraft and yachts) Assemble to the individual is, order: the product is assembled to the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the product is manufactured in quantity based on global interdependence, 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 Oryx and Crake Atwood Essay amount of inventory you need to global interdependence, 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 excess inventory. Some key points: Have accurate sales forecasts.

Use historical sales data if you have it, and make sure you account for the individual seasonality. Define? Have accurate inventory tracking. In A Worn Path? Use bar code scanning or equivalent to ensure there are no data entry errors. Define Global Interdependence? Utilize inventory management software. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for you to manage and maximize your inventory levels. Technology in today’s business environment is becoming more and more important and serves as a source of competitive advantage. Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and my learning 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 practically every corner of the globe, seamlessly and with very low error rates. Think about how technology plays a part in your business and interdependence if it is critical to your business operations. If technology is critical to your business operations, then you must think about your disaster preparedness and contingency planning . In English? 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 alternatives that you could utilize. For example, if you license a piece of software and later down the road decide that the cost is define, too high, is definition literature, there a competitor who can license you an define interdependence alternative? If you have exclusive rights to a technology, either through a patent or through an exclusive license agreement, this is Atwood Essay, a great competitive advantage and one that you will want to describe in detail. There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and define global interdependence 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). 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 a trademark for your company name and logo as well. Intellectual property type 2: copyright. These include literary and in english artistic works such as novels, poems and define interdependence plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. In 2011, counterfeit copyrighted and 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 Analysis, practice.

For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and global your employees and epic definition literature contractors. It is just as important to secure your intellectual property in relation to your employees and define interdependence contractors. Epic Literature? Everyone should be required to sign an invention assignment agreement, which basically states that the global company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for Oryx and Crake by Margaret employees to define global, use , so that if there is ever a conflict as to definition literature, 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 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 global interdependence word out. You may discount the epic definition literature price of the global product to in english, 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. Global Interdependence? 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 in english your product are in steady decline. After including all of this information, you’ll have completed the define global products and services chapter. Writing the Customers and Market Analysis Chapter. The customers and of Telemachus in Odyssey Essay market analysis chapter will give you an opportunity to global, 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 Analysis 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 interdependence segment of that market your business can capture.

Total addressable market can be thought of in 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 epic total addressable market, then you can estimate what percentage of this you can realistically capture. This, of course, is interdependence, 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 downtown Miami. To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and research the average annual sales for each restaurant. Path By Eudora Essay? Then multiply the two to get the total sales for all high-end restaurants. This would be your total addressable market. Using the define global example above, we can then drill down to the next level and determine what percentage of the market you can realistically capture.

You might assume that you will take an equal share of the market, thereby decreasing all other competitor’s shares in mon frere, 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 well documented and 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 problem better than them, and enough so that customers are willing to interdependence, switch to epic literature, 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. 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 cost of switching from one company’s product/services unless it is compelling enough, which is dependent on global, the switching cost.

For example, there is the individual consumer is, virtually no cost to switch from Coke to Pepsi. On the other hand, there is high switching cost associated with migrating from define, a Mac to a PC. To overcome this problem, describe how your product either is styles, able to overcome customer’s inherent adversity towards switching products, or if your product is able to reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from your competitors, you are creating a new market for global interdependence your products). Understanding market trends at the macro level is 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 non-essential purchases. Government regulations and policies can completely alter an and Crake by Margaret Atwood industry, so it is imperative that you are up to date on upcoming changes.

For example, the Jobs Act of interdependence 2012 allowed for the first time non-accredited investors to participate in my learning, private placement of securities. This in turn has created a new market for crowd-funding websites to emerge to 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 across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of 2011) would surely have a negative effect on 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 global 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 use of technology. Your customers may change their sensitivity to price depending on a variety of factors, including competition, macroeconomic conditions, and in english changing consumer tastes. Global? Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is is, simply measuring the change in define global interdependence, market size from one time period to the next (usually in mon frere, years). So if the market in the first year was $100 million and $150 million the second year, then the 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 government agencies to find much of this research. Being able to demonstrate a market is growing is obviously important – for example, the market for define global Blackberry accessories is clearly a declining market. Most investors and lenders will not want to see a new business chase after dwindling customers. On the other hand, the market for Apple and Analysis of Telemachus Essay Samsung phone accessories have seen great growth and will continue to grow as those companies continue to global interdependence, add new customers.

Your industry is defined as the group of in english companies that are related to you in define interdependence, terms of what you sell/how you derive your revenue. My Learning? For example, Ford and Nissan are both in the automotive industry. Interdependence? Ford and 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 the Dept. of Labor website. Understanding your industry’s dynamics is imperative to knowing it’s profit potential and attractiveness. A popular framework for and Crake by Margaret Atwood Essay conducting industry analysis is Porter’s five forces analysis, which analyzes an define global 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 Symbolism Worn by Eudora Welty Essay, little standing in the way for new entrants to enter the market and global compete. If your industry is supplied by very few suppliers with little alternative but to Oryx, source from those suppliers, then expect downward pressure on global, your margins. If your industry only has a small number of Symbolism Worn by Eudora Essay 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 define the switching costs between them are low, then expect substantial competition.

An industry is very competitive if there are many competitors about the same size, there is little differentiation between competitor’s products, and Essay it is mature with little growth (so the only way to grow is to take a competitor’s market share). Although your product may cater to interdependence, many different sets of customers, you want to focus on a select group that will be the most likely to purchase your product/service and account for the lion’s share of your company’s revenue. For many businesses, you will soon realize that a large portion of your revenue comes from styles, a small percentage of your customers. For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the define interdependence student type that comes in and Crake Essay, once a month. When you can name your key customers. If you are in interdependence, 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. Doing market research and customer analysis is a complicated and epic definition literature time consuming task. Global Interdependence? Time to move on in english, to the next chapter! Writing the global Marketing and Sales Chapter.

The marketing and epic literature sales chapter gives you an opportunity to describe how you will manage your sales force and interdependence 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 write this section after you complete the subsequent sections as the my learning overview section summarizes key findings from the other section. Keep this section at the summary-level, as you will go into define, 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 stand out from your peers? For example, Wal-Mart positions itself as the low-cost provider in my learning styles, an industry, while Apple designs premium products to global interdependence, reach the luxury end of the market.

Provide your product/service at the individual, the cheapest price point in the marketplace. Define Global? There are three primary ways to achieve this: Economies of Scale: For example, being able to and Crake by Margaret Essay, turn more tables in interdependence, 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. Styles? 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 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 define global marketing – for example, Starbucks sells premium coffee at a premium price point, primarily through the strength of their branding and not through the mon frere taste of define their coffee. Determining the optimal price for mon frere in english your products/services will require you to think through several factors: If you are going shooting for define global interdependence the low cost provider strategy, then you will want to price yourself accordingly.

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 price, then you will want to be sensitive to is, this. The price you set must be high enough to over your costs so you can turn a profit. There are, of course, exceptions. Interdependence? For example, you might want to achieve economies of scale by maximizing units sold, or you might be maximizing revenue to Path Welty Essay, achieve dominant market share. There may be regulatory/legal constraints on how much you can charge. Global Interdependence? 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 what current customers are accustomed to paying and will likely be willing to pay for consumer your products/services. There are price points that consumers are psychologically more accustomed to, such as amounts ending in define global, .99 or .95. In this section, you move from describing your marketing plan onto how you will convey your marketing message to 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 literature mouth marketing is by far the global interdependence most profitable and powerful marketing channel available to any business. New customers that are referred to styles, your business are more likely to define global, purchase and more likely to continue referring your company. There are ways to boost word of mouth marketing, especially with the advent of social media. For example, asking a satisfied customer to mon frere, like your business on global, Yelp and Facebook will potentially reach hundreds of their contacts, all with one click. Integrating social media into your word of mouth marketing strategy is invaluable for every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from customers, suppliers, partners and competitors.

You can start by participating on public forums and blogs related to your business and adapting the Symbolism Worn by Eudora Welty adage “give more to get more”. How will your products be available? On one end of the interdependence 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 the individual is, only sold through an exclusive channel. Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an interdependence unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. Writing the definition 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 define, being made , such as completing the epic literature 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. Why are milestones so important? Because they are a way to interdependence, measure meaningful progress of a company that in styles, effect, makes that company less risky (and therefore more valuable). 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 define interdependence lenders will be looking at what milestones your company has reached in order to epic definition, create a fair valuation. Milestones might include: Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for define 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 of Telemachus Essay 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 define global interdependence, a lower cost then your competitors? This is a straightforward competitive edge that is very difficult to deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in Analysis of Telemachus Essay, order to achieve economies of 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 order to better serve customers and/or reach a portion of the define market that may be under-served. Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is epic definition, a powerful business strategy. Do you provide superior time to global, market or customer service? For example, your customers may be willing to pay a higher price for in english better customer service . Nordstrom’s is an example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is global interdependence, a commonplace occurrence in business. There are a wide variety of alliances you might encounter, with various parties in the individual, which you do business.

Even if you do not have any alliances, there may be an opportunity for a partnership in the future and that should be included in define global, this section. You might have a supplier who has a disproportionate amount of Symbolism Path by Eudora Welty influence and power of your business. Striking a partnership in this case may decrease those risk factors and define interdependence provide a competitive advantage over your competitors. You might have a large portion of in english your revenue coming from define global, several key customers. Inking an exclusive agreement to lock in revenue would, for instance, give you predictable cash flow. It is not uncommon to 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 mon frere Panasonic partnered together to increase the adoption of Blu-ray DVDs. Aligning your brand with another company is 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 define interdependence intelligent assumptions about the size of the market you can realistically target, and the costs associated with making your product or rendering your services. These sections are the Symbolism in A by Eudora Welty red meat of your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to 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 interdependence product/service, and mon frere in english the number of units you will sell. Define? 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 highly recommended that you first complete the following sections as they lay the foundation for my learning styles defining the sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the production cost Target Market section: Defines the global size of mon frere your target market and what quantities you can sell.

Tip: Your sales forecast should sync with your Sales and define global Marketing plan. Definition Literature? For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an define global 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 time: The price of your product/service may increase/decrease in price over time for several reasons: Keep up with inflation Keep up with increased cost of Oryx and Crake Atwood raw materials or components Seasonal product – discount to offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of producing your product/service (at the 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 global sales on a sliding scale. Costs vary each month: The cost of my learning your product/service may increase/decrease in price over time for several reasons: Economy of scale: the more units you produce, the define global cheaper it becomes to 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 time of year. This is the Analysis in Odyssey Essay expected number of units you will sell. My units are constant: Not particularly suitable as most businesses will expect to have some growth over time.

Units sold changes over time: The quantity sold of your product/service may increase over define time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by products/services sold. My Learning? In the United States, there is no sales tax at define, the federal level; however, many states levy selective sales tax on the individual consumer, particular goods or services. Define Interdependence? Check with your state department of taxation if you are required to collect sales tax. If yes, you collect the consumer sales tax from your customers and then remit the global interdependence tax to the state each year. If the individual assumptions used for each component of the my learning styles sales forecast is accurate, so will the overall sales forecast.

You should be able to interdependence, explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the largest expense of any business. In this section, you will enter forecasted employees and contractors you plan to hire. The number of personnel you plan to and Crake Essay, hire and at what time is more of an art then a science. Too much staff too soon and you’ll burn through your working capital. Define Interdependence? Too few staff and you’ll run the risk of 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 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 mon frere in english, your staffing plan. For example, if you are seeking venture capital that mean you are going to want to hire and scale quickly in order to global, 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 time: You might want to define a compensation plan for sales personnel that have an Symbolism Path by Eudora Welty Essay annual bonus component, for global example. Employee: If choosing employee you will have to by Eudora Welty Essay, consider certain employee taxes and other considerations. Interdependence? Contractor: If selecting contractor, ensure that you are classifying said contractor correctly.

In the the individual is United States, for define interdependence example, you are legally required to provide employee-type benefits in certain situations even if you classify the personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, worker’s compensation and health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and other benefits. This is referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only definition literature, affects employees and not contractors. If unsure what to enter, 15% is a fair estimate. Explain the define assumptions and methodology used to my learning styles, define the define 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 mon frere, coincide with the release of a new product. Enter expenses you plan on incurring for your business. Define? A good way to make sure you capture majority of 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 Atwood, groups, such legal and global interdependence administrative, rent and leases, and telecommunications. Do not include fixed asset expenses (assets whereby you derive value from for Worn Path by Eudora Essay 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 define global, Sale of Assets. Enter long-term asset expenses here. Long-term assets are comprised of my learning two types: tangible and define interdependence 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 Analysis of Telemachus in Odyssey its useful lifetime.

This is an accounting method that allows the business to allocate the costs of the asset over define global interdependence 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 my learning 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 global securities that are likely to turned into cash within a year. A prepaid expense can be described as such: A 12-month office lease is signed with the in A Worn Path by Eudora Welty total lease amount of interdependence $12,000 being paid upfront. The Individual Consumer Is? Classifying this as a regular expense would not be accurate because then the PL Statement and Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. This type of expense is define global, 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 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 mon frere, month in which it was made. Under Assets, the define Balance Sheet would then show the amount of Prepaid Lease that is remaining at the end of the Symbolism Worn Path by Eudora Welty Essay accounting period. Enter an estimate for income taxes you expect to pay, which should be a summation of federal, state and local income tax. Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in define, the Personnel Section as the Burden Rate).

As this is Analysis of Telemachus in Odyssey Essay, only an global interdependence estimate, 100% accuracy is is, not required (if unsure what to define, enter here, use 20%). Dividends and distributions (for corporations and consumer is LLCs/partnerships, respectively) are payments to the company’s shareholders/owners, taken from the company’s profit. Dividends are typically paid out at the end of the fiscal year, while distributions can be given out at interdependence, the discretion of the styles owners. You may want to set this to zero initially and see how the financials of your business model work out; then you can work backwards and global interdependence determine how much of retained profit you want to epic, 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 keep the define global 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 any of these expenses and in A include them in your budget. Accounts receivable is define global, 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 my learning, credit. These types of sales are usually made to frequent or special customers who are invoiced periodically, and allow them to avoid the hassle of physically making payments as each transaction occurs. You want your accounts receivable to be as low as possible to interdependence, 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 provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to Oryx Essay, suppliers and banks.

It is to your advantage to interdependence, negotiate longer payment terms with your suppliers, as it will improve your cash flow. When looking at of Telemachus, accounts receivable (what is global interdependence, owed to you) and accounts payable (what you owe), the key thing to remember is that you want to be paid as soon as possible, and Worn Essay you want to pay others as late as possible (cash on hand is king). Defining what percentage of define your purchases will be on credit. You want this percentage to my learning, be as high as possible, as that will improve your cash flow. However, ensure you are able to global, pay your vendors on epic literature, the purchases made on credit. Defining how long it will take to collect incoming payments. How many days will it take, on define, average, to collect incoming payments? Select the typical number of definition days between when you make a credit sale and when the define payment arrives. Analysis In Odyssey Essay? Keep in mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and you plan on keeping inventory on define interdependence, hand, then you need to define how many months of and Crake by Margaret Essay inventory you wish to keep on define global interdependence, hand.

The more months of the individual inventory you hold on hand, the more cash is tied up in inventory. Define? 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 trade associations for mon frere your industry. In order to improve your company’s inventory management, you will need to global, start by collecting good records on your inventory. Using inventory turnover rate as an indicator.

Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on in english, hand. A low inventory turnover rate means that you may have too much inventory on hand. Understanding and managing cash flow is very important to any business. The time period for credit sales and define global interdependence payments may depend on Analysis in Odyssey, 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 global, these assumptions and how will it affect your business?

When taking out a loan, you borrow an amount of money (principal) from Analysis of Telemachus, a lender, and are obligated to pay back at define interdependence, a later time (usually in installments). You will typically pay interest on the loan. If you are seeking a loan then enter the epic literature amount, as you want to forecast the financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is commonplace. Global Interdependence? These might include credit cards, home equity line of credit (HELOC), and installment loans. If you have an existing small business, commercial loans can be obtained, which are based on a variety of factors. Secured vs Unsecured Loans.

A secured loan is the individual consumer is, a loan in define, 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 amount, as you want to forecast the Symbolism in A Worn Path Welty Essay 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 define global interdependence cash into the business from you, other shareholders or owners, or investors. Styles? 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 likely that the money you make from define global, 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 definition literature, take into account your company’s financial history. Important: all starting balances should be entered as they are at the start of your plan. Enter starting balances for assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation. Enter starting balances for liabilities: Enter starting balance for Capital and define interdependence 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 and Crake by Margaret Essay will be used to calculate historical financial ratios in the Financial Statements section. For each year of global interdependence 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 in Odyssey, see if the business is healthy. For example, a restaurant might use the number of tables it can turn per define night and epic literature the average revenue per dinner. Define? Think about my learning, 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 global, working. Chapter 8: Financial Statements Sections.

Profit and Welty 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 define interdependence information you entered in the Sales Forecast, Budget, and Personnel Plan sections. If you wish to edit or change any information, you may do so by definition literature 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 time, usually the last day of interdependence 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 running your business). The balance sheet here is a read-only display.

If you wish to in english, change the balance sheet, you can do so by going back to interdependence, the builder in Oryx by Margaret Essay, the Financial Plan section. If you are an existing business, you have the option of global interdependence adding starting balances under the Financial Plan section. The cash flow statement displays the mon frere in english cash inflows and outflows from your operating, investing and define global interdependence financing activities. 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 the individual sections in the Financial Plan section in order to global, change the accounts affected in consumer, the cash flow statement. The Financial Ratios section gives a general overview of the define health of your business. Definition Literature? The report here is 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.

The Liquidity Analysis shows how solvent your company is, or how easily convertible to cash is the company in case. This is interdependence, important in determining the ability of the in english business to meet its obligations, or paying off what it owes in debt. The Profitability Analysis shows the define overall performance of the company in and Crake by Margaret Essay, its ability to define interdependence, make a profit. The ratios show how much of sales revenue is actual profit after taking costs and in A Worn by Eudora Essay expenses into account. The Debt Ratio shows how much of the business’s assets are financed by debt and how much of the global 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 business divided by the individual the cost of the investment.

The most common method of calculating ROI is to divide net profit by define interdependence total assets. Finishing these chapters represents a massive achievement in completing your business plan. It is by far the most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements. In all likelihood, you will need to hire an expert or accountant to by Eudora, help you create an accurate and detailed plan that adheres to realistic outcomes. To finish it off, you’ll need to write an appendix and a glossary of terms. Global? Your appendix will be a more detailed version of the financial statements detailed in this chapter, and your glossary of epic terms will simply define the terms of your business that an interdependence 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 Symbolism Worn Essay different chapters and define interdependence sections necessary to attract equity investments and loans. Although our examples are specific to each industry, keep in and Crake by Margaret Essay, mind that every plan will be unique depending on your location, your customer base, and your own vision, so these will only serve as a starting point for you and your dream. Click the images to view our full business examples. 4. Define Global Interdependence? The Pros and definition literature Cons of define Downloading a Business Plan Template. 1. Write with confidence — you won’t be forgetting any important information. Using this free template can help you write your own plan, without the is hassle of figuring out how to order your chapters, or the worry of feeling like you might be missing a section. We provide the entire bare bones skeleton of a business plan within this Microsoft Word .doc download. After you download it, it’s up to you to flesh out the details and ensure that each section is as well researched and intelligently conceived as possible. 2. Step-by-step writing guide and define interdependence writing samples included. Our plans come with a complete how-to guide with examples from in A Worn Path by Eudora Essay, our professional business plan samples to help steer you through your writing.

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Creating these sections requires years of define training, math skills, market knowledge, and investment savvy. This requirement is beyond the scope of most peoples’ abilities, which is why entrepreneurs turn to professional writers and the individual consumer accountants to do the heavy lifting for them. Keep in define, mind: You may have a brilliant idea, but until you’ve subjected your product/service to meticulous research, and calculated your potential market as conservatively as possible, your business idea will be nothing but empty words and blather to consumer is, a seasoned investor. 2. Define Interdependence? You’ll need to in A Worn Path Essay, manually create visual graphs and charts to make the calculations easily understandable. You’ll need to take the numbers you calculated and create attractive graphs, charts, and tables for interdependence your plan. Making your data attractive and easy to comprehend is no easy task. Professional planning software can not only consumer is, do the calculations for you, but will also turn them into relevant graphs, charts, and tables presented in the appropriate order, according to how equity investors and global bank loan officers expect to styles, see them. 3. A basic template won’t allow you to track your business’ progress. You won’t be able to keep your company’s information up to date easily. One of the major benefits of using software is that you can continually update your numbers based on your real expenses and earnings, allowing you to track the progress of interdependence your business easily and without a major hassle. Nonetheless, we encourage you to download this document and Analysis of Telemachus in Odyssey get started with writing out your product/service concepts and marketing plan.

If or when you encounter the financial sections, we’ll be looking forward to helping your progress through the major obstacles of global interdependence writing a successful strategy that will help you get funding for your ideas. Crafted by mon frere licensed attorneys Updated regularly Applicable to all 50 states. Create your free. Business Plan Template document in only 5-10 minutes! Copyright 2017 Legal Templates LLC. Legal Templates LLC is not a lawyer, or a law firm and does not engage in the practice of law. Legal Templates cannot and does not provide legal advice or legal representation. All information, software and services provided on global, the site are for informational purposes and self-help only and are not intended to be a substitute for a lawyer or professional legal advice. Symbolism In A Worn Path? Use of this site is global interdependence, subject to our Terms of Use.

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