Reference no: EM132829510
1. Identify three aspects that may be found in financial plans, and provide a brief explanation to explain each one.
2. What specialist services may you need to use?
3. Briefly explain how you could operate business in a profitable way.
4. What do you need to do to create budget?
5. What will you need to do to make financial projections?
6. What may be included in cash flow estimates?
7. How should you distribute budgets and projections to the relevant people?
8. Research debt capital and equity capital funding and explain what these are.
9. What are the stages of negotiation?
10. What do you need to have in place when negotiating, securing and managing capital?
11. Identify four things that you can do to manage your business capital.
12. Identify four strategies that you could use for your business to maintain adequate financial provision for taxation
13. Who do you need to pay your business tax to?
14. Give three examples of credit policies.
15. When developing credit policies, what should you be mindful of?
16. How can you monitor and maintain client credit policies? (Provide three points).
17. For the following financial KPIs, suggest one formula or financial measurement that could be used to calculate the results. You may need to perform research to obtain your answers.
18. What should a template for recording and communicating financial procedures include?
19. List three people who you may need to communicate financial procedures to, and describe how you would communicate these to them.
20. Identify one financial procedure and explain what must be achieved by outcome of Question 19.
21. From your own experience, identify suitable digital technologies that you could (or have) used for monitoring and reporting financial performance targets and what these can achieve.
22. Identify three things that you can analyse in financial reporting, and how financial reporting helps to determine progress of financial goals.
23. Explain why you would need to monitor marketing and operational strategies for their effects on the financial goals.
24. Research and explain how you would calculate and evaluate the following financial ratios:
25. How can benchmarks help in your evaluations?
26. Explain how you would assess your financial plans for their viability or need to change.
27. How can profit and loss statements help in your financial assessments?
28. How can you manage risks?
29. How would research opportunities for new and emerging technologies?
30. Identify three benefits of using new and emerging technologies.
31. For one aspect of your business (or business industry), identify one new or emerging technology and specify the benefit it would bring to business profitability.
1. Describe 4 different methods of collecting information
2. Provide 4 examples of primary research
3. Provide 4 examples of secondary research
4. What is the difference between quantitative and qualitative research?
5. What sources could you utilize when gathering information for your business ideas? List 6
6. List 4 ways you can be ethical in your business.
7. What risk factors did you consider when researching your own business
8. Why is it important to know about industry trends in prices and associated costs?