1 / 3

Entrepreneurship

Entrepreneurship. Mr. Bernstein Managing Your Finances, pp 457-465 June 2, 2014. Entrepreneurship Mr. Bernstein. Pro Forma Cash Flow Statement Becomes a budget tool: Must have a sales forecast Must include estimates of all expenses

danil
Download Presentation

Entrepreneurship

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Entrepreneurship Mr. Bernstein Managing Your Finances, pp 457-465 June 2, 2014

  2. EntrepreneurshipMr. Bernstein Pro Forma Cash Flow Statement Becomes a budget tool: Must have a sales forecast Must include estimates of all expenses Comparison with results highlights areas where changes may need to be made Must include entries for capital expenses Helpful in developing Pro Forma Balance Sheet

  3. EntrepreneurshipMr. Bernstein Cash Flow Statement and Budgeting Controlling costs: Variable vs. Fixed Expenses AKA “marginal” and “sunk” costs Airlines: Example of High Fixed Expenses Large upfront costs, pure profit after reaching breakeven point Farmer’s Market: Example of High Variable Expenses Low upfront costs, profit from markup on each item What type of expenses are favored by Startup Entrepreneurs?

More Related