Microsoft PowerPoint - Money Money Money MASTER

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					 WHAT’S STOPPING YOU?




Money Money Money!




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WHAT’S STOPPING YOU?



     Chairperson

   Roz Maher



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  WHAT’S STOPPING YOU?


and now for... QWIZDOM
 Interactive Audience
     Participation



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WHAT’S STOPPING YOU?




   Roz Maher



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WHAT’S STOPPING YOU?




 Ruth Lambert



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Money Money Money!




          Ruth Lambert
          Business Link Adviser



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                    Agenda
• Business structures

• Costs

• Pricing

• How to source money

• Keeping control


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Choosing a structure

        • There are three basic forms
          of business organisations:-

        • Sole trader
        • Partnership
        • Limited company




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Two main types of cost


            • Start up

            • Day to day



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                 Pricing

• Cover costs
• Market research
• What will your customers
  will pay?
• ‘What if’
• Profit
• Your time!

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       Money to start your business

• Use your own funds
• Debt
  –   Banks and other loan providers
  –   a) Overdraft
  –   b) Short term loan
  –   c) Long term loan
  –   Lease financing
  –   Trade credit



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How to source money – continued

                • Equity

                    – Private individuals

                    – Venture capital
                      companies



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      How much do you need?

• Draw up a budget based
  on your business plan

• Allow for your own salary

• Allow a contingency fund

• Ask for what you need

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             Keeping Control

Record keeping

• Paper or computerised

• Must record all income and
  expenditure

• Issue and receive invoices

• Bank statements

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Keeping control - continued

             Budgets and cash flow

             • Cash is ‘king’

             • Is reality is different
               from expectation?


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  You’re not on your own!
Business Link is here to help




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WHAT’S STOPPING YOU?




   Roz Maher



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Thinking of Starting
up in Business?
Stage 1                                         Foundations
                                                for success                 Enterprise
Foundations for                                Lay the foundations
                                                for your business
                                                                             Gateway
success workshop                                                                  :




Stage 2                    Planning           How to win and                Managing                  An
                         for success          keep customers                 money               introduction
Core subject                                   Explore essential                                   to Social
                       Discover how to plan    aspects of sales          Gain insight into key    Enterprise
workshops                 your business         and marketing              financial issues



Stage 3                                       Making it happen
Making it happen                                Address remaining
                                              barriers to start/create
workgroup                                      start-up action plan



Stage 4                                        Start-up action
                                                 plan review
Start-up action plan                             Progress your
review                                        plan with a telephone
                                              adviser until you start




Stage 5
                                              Business review
Business review
                                              Get ongoing support
                                                   from your
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                                               business adviser
WHAT’S STOPPING YOU?




   Roz Maher



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Please take a few minutes to fill in
       your feedback form



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        What next?…
VISIT THE BUSINESS LINK STAND
 TO FIND OUT HOW TO ACCESS
  FURTHER SUPPORT AND HELP
 INCLUDING THE FREE START UP
          PROGRAMME

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Download today’s presentations by visiting
 www.whatsstoppingyouevents.co.uk




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     Lunch is now being
served in the Exhibition Room

         The next session
       She means business!
        will start at 1.15 pm

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Description: Microsoft PowerPoint - Money Money Money MASTER