Determine your Expenses for Income Statement:

Determine how much your business is going to cost to run:

Estimating the costs of running a business:

http://www.papefinancial.com/info/startupcosts.htm

Enter your estimates into this spreadsheet and email me at mr.filipinas@gmail.com:

http://dl.dropbox.com/u/5046837/Entrepreneurship/Expenses%20Spreadsheet%20Template.xls

USAIRDO

Licenses: Department of Consumer Affairs - http://www.nyc.gov/html/dca/html/business/business.shtml

Utilities - Lights, electricity, Water, Internet

water: http://www.nyc.gov/html/dep/html/water_and_sewer_bills/index.shtml

Salaries - wages & salaries (first determine, How many days a week open? Which hours open?)

Advertising - sign websites, kinkos for posters or banners, etc.

Fedex Kinkos: http://www.fedex.com/us/office/

Insurance - insurance websites: GEICO, State Farm, Allstate

Business Insurance FAQ:

http://www.businessgrowthinsurance.com/faq.html

Business Insurance Quote Request:

https://quotes.4freequotes.com/quoterequest4fq.aspx?ty=bus&qid=7&zipcode=10468&sid=y1274883677t

Interest - How much money do you need to borrow from the bank? then ask me how to determine how much you will pay in interest

Rent - based on square footage

Depreciation - How much total equipment do you have?

Other -

Email mr.filipinas@gmail.com with the list with estimated costs for your company.

ZNM Realty - Diana, Oscar

ZNM Realty - Diana, Oscar

Links:
http://www.princetonreview.com/Careers.aspx?cid=135

http://www.bls.gov/oco/ocos120.htm

http://www.ehow.com/facts_5300945_real-estate-agent-vs-broker.html

Situation being analysed: ZNM Zaro N Marrero Real estate ___________________________________________________


This SWOT example is for a new business opportunity. Many criteria can apply to more than one quadrant. Identify criteria appropriate to your own SWOT situation.


criteria examples

Advantages of proposition?
Capabilities?
Competitive advantages?
USP's (unique selling points)?
Resources, Assets, People?
Experience, knowledge, data?
Financial reserves, likely returns?
Marketing - reach, distribution, awareness?
Innovative aspects?
Location and geographical?
Price, value, quality?
Accreditations, qualifications, certifications?
Processes, systems, IT, communications?
Cultural, attitudinal, behavioural?
Management cover, succession?
Philosophy and values?

Strengths

-More advance technology and better houses do to the observations
-Internet use to sell houses
-Know local market
-Offer superior costumer service
Computerized Information systems
-Hire Certified technicians,
- Pay sales based on commission

Weaknesses

-We just started as a small company with no experience
-Relative small
-No name recognition
-Have no advantages in management, Marketing, and finance – higher costs due to lack of economies of scale.











criteria examples

Disadvantages of proposition?
Gaps in capabilities?
Lack of competitive strength?
Reputation, presence and reach?
Financials?
Own known vulnerabilities?
Timescales, deadlines and pressures?
Cashflow, start-up cash-drain?
Continuity, supply chain robustness?
Effects on core activities, distraction?
Reliability of data, plan predictability?
Morale, commitment, leadership?
Accreditations, etc?
Processes and systems, etc?
Management cover, succession?

criteria examples

Market developments?
Competitors' vulnerabilities?
Industry or lifestyle trends?
Technology development and innovation?
Global influences?
New markets, vertical, horizontal?
Niche target markets?
Geographical, export, import?
New USP's?
Tactics: eg, surprise, major contracts?
Business and product development?
Information and research?
Partnerships, agencies, distribution?
Volumes, production, economies?
Seasonal, weather, fashion influences?
Opportunities

-Better house observation
Advertise on billboards, TV local markets.
-Like the Internet to advertise
-Service to maintenance.
-Cash for clunkers-government incentives for selling houses.


Threats

-Other big companies
-Financial problems
-No recognition
- No territory
-At the mercy of interest rates
-Private sellers on EBAY, Craigslist, and other Internet websites



criteria examples

Political effects?
Legislative effects?
Environmental effects?
IT developments?
Competitor intentions - various?
Market demand?
New technologies, services, ideas?
Vital contracts and partners?
Sustaining internal capabilities?
Obstacles faced?
Insurmountable weaknesses?
Loss of key staff?
Sustainable financial backing?
Economy - home, abroad?
Seasonality, weather effects?

HOOVERS

http://www.hoovers.com/residential-real-estate-brokerage-and-management/--ID__400--/free-ind-fr-profile-basic.xhtml

http://www.hoovers.com/commercial-real-estate-brokerage-and-management/--ID__340--/free-ind-fr-profile-basic.xhtml

1 Century21
web: www.century21.com
URL:http://www.century21.com/


2 West Village Real estate
web: www.prudentialelliman.com/manhattan
URL:http://www.prudentialelliman.com/


3 Coldwell Banker(Residental Brokeage)
web: www.coldwellbankermoves.com
URL:http://www.coldwellbankermoves.com/real_estate/new_york/new_york.htm?WT.mc_ID=371110020104380&WT.srch=1


4 Corcoran(live who you are)
web: www.corcoran.com
URL:http://www.corcoran.com/


5 Halstead Property
web: www.halstead.com
URL:http://www.halstead.com/

THE INCOME STATEMENT

Income statement, also referred as profit and loss statement (P&L), earnings statement, operating statement or statement of operations,^[1] is a company's financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). It displays the revenues recognized for a specific period, and the cost andexpenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes.^[1] The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.

The important thing to remember about an income statement is that it represents a period of time. This contrasts with the balance sheet, which represents a single moment in time.

Usefulness and limitations of income statement

Income statements should help investors and creditors determine the past financial performance of the enterprise, predict future performance, and assess the capability of generating future cash flows through report of the income and expenses.

However, information of an income statement has several limitations:

• Items that might be relevant but cannot be reliably measured are not reported (e.g. brand recognition and loyalty).
• Some numbers depend on accounting methods used (e.g. using FIFO or LIFO accounting to measure inventory level).
• Some numbers depend on judgments and estimates (e.g. depreciation expense depends on estimated useful life and salvage value).

Items on income statement

[edit]Operating section

• Revenue - Cash inflows or other enhancements of assets of an entity during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major operations. It is usually presented as sales minus sales discounts, returns, and allowances.
• Expenses - Cash outflows or other using-up of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.
  
  • General and administrative expenses (G & A) - represent expenses to manage the business (officer salaries, legal and professional fees, utilities, insurance, depreciation of office building and equipment, office rents, office supplies)
  • Selling expenses - represent expenses needed to sell products (e.g., sales salaries, commissions and travel expenses, advertising, freight, shipping, depreciation of sales store buildings and equipment)
  • Selling General and Administrative expenses (SG&A or SGA) - consist of the combined payroll costs (salaries, commissions, and travel expenses of executives, sales people and employees), and advertising expenses a company incurs. SGA is usually understood as a major portion of non-production related costs, opposing production related costs such as raw material and (direct) labour
  • R & D expenses - represent expenses included in research and development
  • Depreciation - is the charge for a specific period (i.e. year, accounting period) with respect to fixed assets that have been capitalised on the balance sheet.

[edit]Non-operating section

• Other revenues or gains - revenues and gains from other than primary business activities (e.g. rent, patents). It also includes unusual gains and losses that are either unusual or infrequent, but not both (e.g. sale of securities or fixed assets)
• Other expenses or losses - expenses or losses not related to primary business operations.

[edit]Irregular items

They are reported separately because this way users can better predict future cash flows - irregular items most likely will not recur. These are reported net of taxes.

• Discontinued operations is the most common type of irregular items. Shifting business location, stopping production temporarily, or changes due to technological improvement donot qualify as discontinued operations.
• Extraordinary items are both unusual (abnormal) and infrequent, for example, unexpected natural disaster, expropriation, prohibitions under new regulations. Note: natural disaster might not qualify depending on location (e.g. frost damage would not qualify in Canada but would in the tropics).
• Changes in accounting principle is, for example, deciding to depreciate an investment property that has previously not been depreciated. However, changes in estimates (e.g. estimated useful life of a fixed asset) do not qualify.

[edit]Earnings per share

Because of its importance, earnings per share (EPS) are required to be disclosed on the face of the income statement. A company which reports any of the irregular items must also report EPS for these items either in the statement or in the notes.

There are two forms of EPS reported:

• Basic: in this case "weighted average of shares outstanding" includes only actual stocks outstanding.
• Diluted: in this case "weighted average of shares outstanding" is calculated as if all stock options, warrants, convertible bonds, and other securities that could be transformed into shares are transformed. This increases the number of shares and so EPS decreases. Diluted EPS is considered to be a more reliable way to measure EPS.

24/7                              Family Fitness and Fun                                  STATEMENTS OF INCOME                             Revenues                             $12,580.2     $10,900.4       $8,290.3   Cost of sales                          6,740.2       5,650.1        4,524.2  ------------------------------------------------------------------------------  Gross profit                           6,835.0       5,657.3        3,270.1   Selling, general and administrative   expenses                               3,624.6       3,296.3        3,034.0   Other (income) expense, net            1,100.3         (20.0)          18.0       ------------------------------------------------------------------------------  Operating profit                       2,122.1       2,166.0        2,013.1   Interest expense, net                    119.7         124.1          142.8  ------------------------------------------------------------------------------  Income before income taxes             2,102.4       1,980.9        1,870.3   Provision for income taxes               680.3         620.6          582.0  ------------------------------------------------------------------------------  Net income                            $1,720.1      $1,421.3       $1,190.3  ------------------------------------------------------------------------------

ENAHJ Clothing - Jhane, Kuesawn, Melody

Company name: Enahj

Industry: Apparel & Accessories
Group members: Jhane ,Kuesawn , Melody

Companys that are competitors : Forever 21 , Karmaloop , Topshop , Journeys

Competitors :

http://www.Forever21.com ,

www.AmericanEagle.com ,

www.Journeys.com ,

www.Topshop.com

www.Karmaloop.com

www.Forever21.com

www.UrbanOutfitters.com

www.Bloomingdales.com

www.Rugby.com

http://www.hoovers.com/companyindex/Apparel_Retailers_and_Wholesalers-1.html

HI TECH electronics - Emmanuel, Jairo, Dalvyn, Teriq

Suppliers

http://www.chinavasion.com/index.php/cName/mobile-phones/

http://www.wholesalesglobal.com/mobile-phones-c-65.html

http://www.tradestead.com/wholesale-quad-band-gsm-mobile-phones_c202_pg1.html

http://www.epathchina.com/

SWOT ANALYSIS

THE BALANCE SHEET

The Balance Sheet is determined by the following equation:

ASSETS = LIABILITIES + OWNER'S EQUITY


NET WORTH = ASSETS - LIABILITIES

Balance Sheet of XYZ, Ltd. as of 31 December 2006

ASSETS

Current Assets
Cash and cash equivalents
Accounts receivable (debtors)
Inventories
Prepaid Expenses
Investments held for trading
Other current assets

Fixed Assets (Non-Current Assets)
Property, plant and equipment
Less : Accumulated Depreciation
Goodwill
Other intangible fixed assets
Investments in associates
Deferred tax assets

LIABILITIES and EQUITY

Creditors: amounts falling due within one year (Current Liabilities)
Accounts payable
Current income tax liabilities
Current portion of bank loans payable
Short-term provisions
Other current liabilities

Creditors: amounts falling due after more than one year (Long-Term Liabilities)
Bank loans
Issued debt securities
Deferred tax liability
Provisions
Minority interest


Equity
Share capital
Capital reserves
Revaluation reserve
Translation reserve
Retained earnings

Pink Doves - Denisha, Yaribel, Dominique

SWOT

HOOVERS

http://hoovers.com/cosmetics,-beauty-supply,-and-perfume-stores/--ID__294--/free-ind-fr-profile-basic.xhtml

http://hoovers.com/jewelry-retail/--ID__66--/free-ind-fr-profile-basic.xhtml

COMPETITORS

Bath and Body Works :
http://www.bathandbodyworks.com/category/index.jsp?categoryId=2484525

https://materials.proxyvote.com/Approved/532716/20100329/CMBO_58396/HTML2/default.htm

Forever 21:
http://www.forever21.com/category.asp?catalog_name=FOREVER21&category_name=acc_jewelry&Page=1

Aeropostale:
http://www.aeropostale.com/category/index.jsp?categoryId=3534623

Tykeem, Stefano, Calvin, (Ronald) - Element Sporting Goods

Tykeem - dwcjr73 AT aim.com, Stefano - topgunnastef024 AT aim.com, Calvin - daddybedrockxd AT aim.com, (Ronald) - Element Sporting Goods

HOOVERS

http://www.hoovers.com/company/Henry_Modell__Company_Inc/ccrsti-1.html

http://www.hoovers.com/company/Dicks_Sporting_Goods_Inc/hkshxi-1.html

http://www.hoovers.com/company/The_Sports_Authority_Inc/ctykif-1.html

COMPETITION

http://www.modells.com/home/index.jsp

http://www.dickssportinggoods.com/home/index.jsp

http://www.sportsauthority.com/home/index.jsp

http://www.eastbay.com/

http://store.nba.com/home/index.jsp

http://www.espnshop.com/

Dick's Sporting goods Investor Relations:
http://phx.corporate-ir.net/phoenix.zhtml?c=132215&p=irol-irhome

Websites for business plan research

Finding an Office in New York City
http://www.joelonsoftware.com/articles/OfficeNewYork.html

WEBSITES TO FIND RETAIL AND OFFICE SPACE

www.cityfeet.com
http://www.cityfeet.com/

www.mrofficespace.com
http://www.mrofficespace.com/sp_form.mpl?cust_id=1&srchview=stnd&SR=Y&pgtype=search

ARTICLES TO READ TO HELP START A RETAIL BUSINESS
What Size Building or Store I Need?
http://retail.about.com/od/storedesign/qt/selling_space.htm

Where can I find average sales per square foot for my retail industry?
http://retail.about.com/od/startingaretailbusiness/f/avg_sales_sq_ft.htm

Planning a Retail Store - Retail Operation Start Up Structure Plan
http://www.bizmove.com/starting/m1f3.htm

How to Start a Clothing Store
http://www.entrepreneur.com/startingabusiness/businessideas/startupkits/article37944.html

INDUSTRY TRADE GROUP DOCUMENTS
American Apparel & Footwear Association: An Annual Statistical Analysis of the U.S. Apparel & Footwear Industries
http://www.apparelandfootwear.org/UserFiles/File/Statistics/trends2007Annual.pdf



Mr. Filipinas
- Posted using BlogPress from my iPhone

Check this Out!! Dow Roller Coaster 5/6/10

Visit msnbc.com for breaking news, world news, and news about the economy

http://www.msnbc.msn.com/id/21134540/vp/37000228#36999350

Remember how you were watching the NOVA: MIND OVER MONEY yesterday, and how people's economic decisions are manipulated by their emotions, mainly GREED and FEAR?

Yesterday was the perfect example of that occurring:

http://money.cnn.com/2010/05/06/markets/markets_newyork/index.htm?hpt=T3

Here is Accenture's chart:



http://bigcharts.marketwatch.com/advchart/frames/main.asp?time=1&freq=6&compidx=aaaaa%3A0&comp=NO_SYMBOL_CHOSEN&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&style=320&size=3&sid=0&o_symb=ACN&startdate=&enddate=&show=true&symb=ACN&draw.x=31&draw.y=14

Notice the LOW: 0.01

That's right 1 penny!!

This is the reason why:

Visit msnbc.com for breaking news, world news, and news about the economy

http://www.msnbc.msn.com/id/21134540/vp/37000228#37000125

Break Even Analysis (Continued)

Suppose you wanted to start a company with Total Fixed Costs of $1000 / month.

& it had Total Variable costs of $50 / unit.

If you had a Markup Percentage of 100% ($50), how many units do you need to sell to break even?

Suppose you had a markup percentage of 50% ($25), how many units do you need to sell to break even?

Markup vs Margin

Markup the Price from the Cost of Goods Sold (Total Variable Costs)

Markup percentage is 50% from Total Variable Costs of $40? What is the sales price?

Price = Markup + Total Variable Costs

$60 = (50% x 40) + 40

$60 = $20 + 40

Margin is the Percentage of Profit from Sales Price.

Margin Percentage is 33.33% from $60.

jPrice x Margin Percentage = Profit (Markup)

$60 x 33.33% = $20.

What is the margin if you sell your product at $100, and it has total variable costs of $60.

What is the Margin Percentage?

Margin: $40 = $100 - $60.

Margin Percentage (Profit Percentage): Margin / Price = $40 / $100 = .4 = 40%

What is the markup if you sell your product at $100, and it has total variable costs of $60.

What is the Markup Percentage?

Markup: $40 = $100 - $60.

Markup Percentage: Markup / Costs = 40 / 60 = 2 / 3 = 66.67%

Break Even Analysis

Suppose you have the following costs:

FIXED:

Rent - $500 / month

Utilities - $500 / month

Employee Salary / Wages - $400 / month

Insurance $100 / month

Equipment - $200 (just once)

TOTAL FIXED - $1700 (1st month)

- $1500 ( every month afterwards)

VARIABLE:

Products to sell - $15 / unit

Employee Commission - $5 / unit

TOTAL VARIABLE - $20 / unit

how many units does he need to sell to break even?

What is your markup if you price your product to sell at $70.

Markup is $50 (profit per unit)

$1700 is total fixed cost.

How many units do you need to sell to break even?

Total Fixed Cost / (Price - Total Variable Cost) =

Total Fixed Cost / Markup =

$1700 / $50 = 34 units. Need to sell 34 units to break even at price of $70.

____________________________________________

Let's say that instead we want to price the product at $45.

What is our markup? $45 - $20 = $25.

What is our Breakeven?

$1700 / $25 = 68 units. Need to sell 68 units to break even at a price of $45.