ENTREPRENEURSHIP - Tip #8: "Financial Management" discusses why good financial management is required if you want to run a successful business. This tip/chapter includes several financial worksheets: balance sheet, budget forecast, budget worksheet, cash flow, and an income statement. This tip/chapter has been created for a new entrepreneur and is not meant for students operating a school store (please read the comment below, if you are the sponsor of a store). We offer fill-in forms in our store for every tip/chapter should you wish to purchase it. This Tip (Chapter) is also included in the affordable "12 Tips" BUNDLE booklet which is also available here in our store on TpT.
This part includes a comprehensive study of how to financially manage your business. Financial statements are used to clarify and analyze the financial condition of a business. Business owners use three primary financial statements to make wise business decisions: Balance Sheet, Income Statement, and Cash Flow Statement. Banking requirements, the role of government in a business, and accounting tips for the entrepreneur are also discussed.
Why is it important to keep a budget and maintain accurate financial records? Did you know that an entrepreneur/business owner should keep his/her business account separate from his/her personal account? Why is this important?
Financial Planning is a critical component to the success of your business. Poor money planning and keeping shoddy financial records can and will lead to the failure of your business. Understanding the overall financial picture and record-keeping of your new business can result in higher profitability and overall peace of mind.
The process of budgeting, recording, analyzing, and interpreting financial activities is called accounting. Keeping and maintaining accurate financial records helps the business owner to determine whether the business is making a profit or loss, how money has been spent, and whether there is money to pay the bills. Learning to live within the financial means of the business is vital to its success and longevity.
The amount of time spent in teaching each component of the "12 Tips" booklet (including the worksheets) depends upon how the teacher intends to incorporate this resource into their coursework, whether or not they are using only certain segments of the complete "12 Tips" booklet (the BUNDLED version), the ages/grades of their students, and the amount of time they have available. Three to four weeks for the BUNDLED version (when used as the primary source) is not unreasonable.
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ARE YOU LOOKING FOR A "REAL BARGAIN?" NEED TO SAVE YOUR MONEY? Then, this is it! It is called "12 TIPS FOR THE ASPIRING ENTREPRENEUR!!!" We have only 4 of these printed editions left so, ..... when "They're Gone - They're Gone!" Before purchasing this digital version, you may want to consider purchasing a professionally-printed HARD COPY of this manual at a tremendously reduced rate. A CD is included which contains all of the worksheets - teachers say it is worth its weight in gold! We do not offer CD's on any of our digital versions. The price is $32.95 (shipping included). To order, go to our Education Get Real website - http://www.educationgetreal.com/, CONTACT US, and fill in your information. It is that easy . . . FIRST COME ----- FIRST SERVE!!!
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Listed below are links to the other instructional parts, which may be of interest to you. Click the item to open the link in a new window
ENTREPRENEURSHIP - "12 Tips" for the Aspiring Entrepreneur BUNDLE - This BUNDLE includes all 12 Tips. Save approximately 30% off the price by purchasing the "12 TIPS" for the Aspiring Entrepreneur BUNDLE (all 12 Tips in one booklet.
ENTREPRENEURSHIP - Tip #1: "Think & Act Like an Entrepreneur"
ENTREPRENEURSHIP - Tip #2: "Set Goals"
ENTREPRENEURSHIP - Tip #3: "Business Ownership"
ENTREPRENEURSHIP - Tip #4: "Market Research"
ENTREPRENEURSHIP - Tip #5: "Write a Business Plan"
ENTREPRENEURSHIP - Tip #6: "Start Up Costs & Financing Your Business"
ENTREPRENEURSHIP - Tip #7: "Operating Procedures"
ENTREPRENEURSHIP - Tip #8: "Financial Management"
ENTREPRENEURSHIP - Tip #9: "Marketing the Business"
ENTREPRENEURSHIP - Tip #10: "Using the Web"
ENTREPRENEURSHIP - Tip #11: "Networking & Professional Organizations"
ENTREPRENEURSHIP - Tip #12: "Next Steps . . ."
FOR YOUR INFORMATION:
If you wish to establish a more comprehensive in-school entrepreneurial program for the students in your school, two outstanding resources that tie in very well with “12 Tips” for the Aspiring Entrepreneur are MBA: Get Real!!! Part I and MBA: Get Real!!! Part II. These manuals are "TURN KEY" and all-inclusive (teacher information and instructional tools, steps for implementation, rubrics, timeline, standards addressed, samples, student handouts, etc. - EVERYTHING you need for implementation). They are available here on this TpT website. Please check out these two resource for yourself and G-R-O-W your program.
If you would like to communicate directly with us, we invite you to contact us on our website at www.educationgetreal.com
and complete the form. We also produce a company newsletter so you may sign up for that on our website as well. Check us out – our EGR “Materials are Created BY Teachers FOR Teachers!"
© EDUCATION: GET REAL!!! materials are copyrighted and most are certified by the Library of Congress (of which this is one). Each individual purchaser is granted permission to copy the materials for their own instructional use only. Redistributing, sharing, editing, selling, or posting this item or any part thereof on the Internet or other digital means are strictly prohibited. Violations are subject to the penalties of the Digital Millennium Copyright Act.
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Keywords: entrepreneur, entrepreneurship, goal setting, business ownership, start a business, market research, business plan, start-up costs, financing, finance, marketing, market research, goals, standard operating procedures, financial management, using the web, networking, professional organizations, mock interviews, interviews, assessment, rubrics, teacher resource, instructional, student business, implementation, real world, get real, interdisciplinary, integration, diversity, customers, skills, job skills, communication, oral communication, verbal, non-verbal, secondary, home school, CTE, mathematics, social studies, economics, economy, technology, taxes, budget, financial goals, financial plan, profit, money, cash, credit, APR, Education Get Real, EGR.
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