 Tom Laing |
Tom Laing"Facilitating positive change and health"
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| Administration | External Links | |
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 Overview of Enterprise Administration - money, money, money Entrepreneurial Activities - marketing, sales, promotions Integration - me, myself and I Operations Understanding Context Management |
 Administration - which is mainly concerned with the financial and legal aspects of the business - accountants, audits, procedures - the shuffling of unnecessary amounts of paper, the legal aspects - the laws governing business practice, licenses, red tape and bureaucratic practices etc. In many businesses these activities predominate and tend to hold the business back from developing new ways of thinking or looking at new opportunities. The most important aspect is the financial side and its tools of cashflow, income and expenditure, profit and loss and the balance sheet. These are prepared from the records kept by a business usually in books called journals or ledgers. When planning or evaluating a business the key is evaluating income and expenditure. Where did the money come from - what proportion of income came from what products or services. Where was the money spent. Look at the cash flow in detail on a monthly basis for the first year at least. This will give and indication of what the cash requirements of the business are and will allow for planning on how to meet any deficiencies. Cash flow looks at when the money comes in and when it goes out. A profit and loss statement looks at what happens in a given period and adjusts for those payments or receipts which fall outside the time frame. These can be compare to other businesses to give an clearer idea of how the business is performing. A balance sheet allows for the monitoring of assets being accumulated by the business. The legal side covers the type of type of legal agreements which bind the business - a trading name, a partnership, a company are the most common forms of ownership. It also covers the laws relating to the conduct of the business e.g. Fair Trading Act., ACC, insurances etc |
Inland Revenue Companies Office ACC- Accident Compensation Business Calculators including Break Even Analysis - requires Java |