General:
x 1.) What is an an entrepreneur?
X2.) What does VC stand for?
X3.) What does equity mean?
X4.) What is the name of the reality TV show where entrepreneurs try to obtain funding for their business ideas?
X5.) What is the website that we used to find Company & Industry information?
Marketing:
x 1.) What is a company's Marketing Mix also known as?
x 2.) What are the 4 P's?
3.) According to the Marketing Mix graphic, what are 4 distinct elements of Promotion?
4.) What is Market Segmentation? Give me an example & how
5.) What is Product Differentiation? Give me an example & how
x 6.) What is a cost leader? Give me an example & how
7.) What are the 4 strategies that depend on Market Dominance?
x 8.) What is a nicher?
9.) Describe the 3 innovation strategies (pioneer, close follower, late follower) & describe how the price of technology & the spread of technology differs over time?
10.) What is horizontal integration? Give an example
11.) What is vertical integration?give an example?
x 12.) What is diversification? Give an example
13.) what is intensification? Give an example?
x 14.) what do we mean by "brick and mortar"
Management:
x 1.) What does SWOT stand for?
r 2.) What are Porter's Five Forces?
3.) What is a distribution channel?
4.) What is merchandising?
5.) What is the supply chain?
x 6.) What are economies of scale?
7.) What is a barrier to entry?
Give me an example
x 8.) What are sunk costs? Give me an example
9.) what are switching costs? Give me an example
10.) what do we mean by "cutting out the middle man"?
x 11.) what does COGS stand for?
X12.) what does USAIIRDO stand for?
13.) Match COGS & USAIIRDO with the following: fixed cost, variable cost
14.) the COGS would include which 2 costs?
X15.) if an industry is highly concentrated, what does this mean?
x 16.) what do we mean by "one stop shopping"?
Financials:
X1.) What is a company's break even point?
R2.) how we find a company's breakeven point?
X3.) What is an income statement?
4.) T/F An income statement is a "snapshot" in time.
X5.) what is revenue?
6.) what is gross profit?
7.) what is operational profit / EBIT?
8.) what is net profit?
X9.) what do we mean by the "bottom line"?
10.) What is depreciation?
------------------------------------------------------------------------------------------------
EXTRA:
X1.) what are 2 parts of a loan payment?
2.) What are the 3 parts of the Balance Sheet?
R3.). What is the difference between the strengths and opportunities in a SWOT analysis?
X4.) Of the 3 major financial statements, which 2 specify a period of time?
X5.) Where is revenue found on the income statement?
6.) What does EBITDA stand for?
7.) What is the principal?
8.) give me 2 examples of how Walmart stays a cost leader through their merchandising and supply chain management (1 for each).
X9.) how can small companies compete with big companies?
X10.) According to Fortune magazine, which company is #1 on its Fortune 500 list?
11.) according to Hoovers.com, which industry is Walmart?
12.) who is one of the founders of Apple Computers?
X13.) what are 2 ways to segment your market?
14.) according to "Shark Tank", what is the main concern for venture capitalists?
X15.) how are Boost Mobile & Jitterbug "nichers"?
16.) according to our discussion of technology innovation, how does the Sony Reader compete with the Amazon Kindle?
X17.) finish the sentence: Big companies have Economies of ____________ .
X18.) how are Old Navy, Gap, & Banana Republic horizontally integrated?
week 2 student provided questions:
Titans: Jebelitta
X1. What do the parentheses around the dollar in accounting mean? (Easy)
It means that the numbers are negative
X2. What does total costs equal to? (Medium)
Fix cost + variable costs
3. What is the income statement also known as? (Hard)
the profit and loss statement or statement of revenue and expense
Titans: AFM's
Easy
Q: What is brand equity?
A: People recognize your brand logo. (i.e. McDonald's golden arches)
Medium
Q: Why do startups fail? Give two reasons. (This is from the article)
A: No understanding of business; no concept of reality; no back-up plan; no exit strategy
HardQQ: What are the 3 types of financial statements?
A: Income statement, balance sheets, statement of cash flows
Q: What is an income statement and balance sheet used for?
A: Income Statement - Measures the companies finance over a period of time.
Balance Sheet - It is needed to know how much $ is borrowed and invested.
Titans: Rapple
Easy→ What is breakeven point?
Medium→What do the Parenthesis mean?
Hard→ What is the equation of the breakeven point?
Titans: KEO Affordable Fashions
Question 1:Easy
What is the name of the reality Tv show where entrepreneurs try to obtain funding for their business ideas?
- Shark Tank
Question 2:Medium
What does USAIIRDO stand for?
-Utilities, Salaries, Advertising, Interest, Insurance, Rent, Depreciation, Other
Question 3:Hard
What is an Income Statement?
-An income statement is a summary of income and expenses.
Cryptonite: Silver Moon
1.What is SALES REVENUE ?
the income your business gets from either selling your product or service
2.If verizon is the leader of cell phone service proivder, then who is the challenger?who is the follower? and what company is the nicher?
Challenger - AT&T
Follower - Sprint, T-Mobile
Nicher - Boost Mobile, Jitterbug
3.what is Intensification? what company is a example of this?
intensification is when a company starts small and gets bigger and bigger,an examlpe of intensification is
McDonald
CRYPTONITE: CLARIE'S
1. What are all THREE major financial statements?
X2. How many parts is the income statement divided into and what are they?
X3. What do we mean by bottom line?
4. Why is the portion of the revenue that deals with operating items interesting to both investors and analysts?
CRYPTONITE: CHILL SPOT
X1.What if your running a business, and the break even that you have is way off? What do you do?
WHAT ARE 3 WAYS TO ADJUST YOUR BREAKEVEN?
2. Lets say you have a business, and your competitor is beating you, what do you do so that you could be able to beat the competitor before it's to late?
WHAT ARE 5 WAYS TO OUTSHINE THE COMPETITION?
SEE: http://www.entrepreneur.com/marketing/marketingcolumnistkimtgordon/article207020.html
3. Would you have to shut down the business that your pursuing because you cant invest any money or could you find a way to invest the money while your business is still running and why?
WHAT ARE WAYS TO "BOOTSTRAP" YOUR STARTUP?
SEE:
http://www.entrepreneur.com/magazine/entrepreneursstartupsmagazine/2002/october/55776-3.html
CRYPTONITE: PEPPER'S
(Easy)
T/F
IN A PROGRESSIVE TAX RATE, Does earning a higher gross income mean you have to pay A HIGER PERCENTAGE OF taxes RELATIVE TO THOSE WHO EARN LESS?
True
(Medium)
Without saying what each letter stands for explain what is USAIIRDO?
A cost that does not vary depending on production or sales levels or a fixed cost.
(Hard)
a)Into how many sections is the Income Statement broken up also name the two
The income statement is divided into two parts: the operating and non-operating sections.
b)Who find the opearting section interesting and why?
The portion of the income statement that deals with operating items is interesting to investors and analysts alike because this section discloses information about revenues and expenses that are a direct result of the regular business operations.
-------------------------------------------------------------------------------------------------------------
KILLER B'S: HEMA
EASY-
Question: What is another name for "net income" found on a company's income statement ?
Answer : Net Profit or Bottom Line
MEDIUM-
XQuestion: On a balance sheet, what is assets equal to ?
Answer: Assets = Liabilities + equity
HARD-
Question: In the marketing mix, what are the four P's that should be considered about a product ?
Answer: 1) Product Variation
2) Product Differentation
3) Product Innovation
4) Product Elimination
FRESH TO DEATH: FLAVORGASM
1.What is SWOT?
2. What are the 4 P's?
3. How is monopoly used in busnesses?
KILLER B'S: FAM'S ACCESSORIES
Easy:
X?: What is SWOT Analysis used for?
A: It is used to evaluate the Strengths, Weaknesses, Opportu
nities, and Threats involved in a project or in a business venture.
Medium:
?: What is vertical integration?
A: Vertical integration is a strategy used to reduce a business' own cost and thereby intensify pressure on its rival.
Hard:
?: What formula is used to figure out the monthly salary for the company?
A: (days per year)( hours per day)(wage)(employees)
12 months
KILLER B'S: SMOOCHES
(Easy)
1.How do you become an entrepreneur?
By starting your own business and trying to market it.
(Medium)
2. T/F Venture Capitalists (VC) are people who look for business opportunities in which to invest and provide funding for the business ideas.
True
(Hard)
Xxx3.In SWOT analysis what is the difference between weaknesses and threats?
The difference is weakness deals with the company itself and threats deal with the industry.
FRESH TO DEATH: KAJ ENTERPRISES
Xxx1)What are the 4 strategies that depend on Market Dominance?
~leader
~challenger
~Follower
~Nicher
X2) what is porters five forces
-Bargaining power of customer
-Bargaining power of suppliers
- Threat of new Entrants
-Threat of substitute products
-Competitive rivalry within an industry
Xxx3) What is EBITDA
Enterprise value/Earnings before interest,taxes, Depreciation and Amortization
KILLER B'S: XSCAPE TEEN CLUB
X1) why is the SWOT analysis used?
X2) what are the 5 elements of porters five forces?
3)what are assets?
Tuesday, September 14, 2010
Thursday, July 29, 2010
Simply That Good!!
SIMPLY THAT GOOD!!
BUSINESS PLAN COMPETITION WINNER
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/STG%20FINAL%21%21%5B1%5D.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/Stg%20income%20statemnt.xlsx
BUSINESS PLAN COMPETITION WINNER
Kirty Singh
Sabrina Jhorna
Cassidy Hosein
Bethany Vazquez
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/STG%20FINAL%21%21%5B1%5D.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/Stg%20income%20statemnt.xlsx
S.P.S (Sweat Proof Shirts) Industries
SPS (SWEAT PROOF SHIRTS) INDUSTRIES
Sabier Richards
Katherine Frias
Oumar Kante
Gariy Persaud
Desi Outfitters
DESI OUTFITTERS
BUSINESS PLAN COMPETITION HONORABLE MENTION
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/Desi%20Outfitters%20-%20Business%20Plan%20Presentation%20Template2%5B1%5D.ppt
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/DESI%20OUTFITTERS%20income%20statement.xlsx
BUSINESS PLAN COMPETITION HONORABLE MENTION
Farzana Zaman
Tania Rahman
Tehreema ElahiCLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/Desi%20Outfitters%20-%20Business%20Plan%20Presentation%20Template2%5B1%5D.ppt
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/DESI%20OUTFITTERS%20income%20statement.xlsx
KAJ Enterprise
KAJ ENTERPRISES
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/KAJ%20Business%20Plan%20Presentation%20Template%5B1%5D-2.ppt
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/KAJ%20Enterprise.xlsx
Kelvyn Acevedo
Atta Boateng Jr.
Jared Mcphail CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/KAJ%20Business%20Plan%20Presentation%20Template%5B1%5D-2.ppt
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20PM/KAJ%20Enterprise.xlsx
Nightmare Records
Group Name : Nightmare
We will provide people with musical entertainment and hope to form our own record label in the future. We will make copies of our music to be sold to the public for criticism on our music. Our Group will perform for entertainment and feedback of our music. Getting more songwriters, musicians and being able to provide a good performance for the audience is our top priority. We will buy instruments in order to make sure of the performances and rent places out.
Industry : Music/Entertainment
Daniel Satchell, Jerel Johnson, Dakkari Wilson.
Afternoon Session.
We will provide people with musical entertainment and hope to form our own record label in the future. We will make copies of our music to be sold to the public for criticism on our music. Our Group will perform for entertainment and feedback of our music. Getting more songwriters, musicians and being able to provide a good performance for the audience is our top priority. We will buy instruments in order to make sure of the performances and rent places out.
Industry : Music/Entertainment
Daniel Satchell, Jerel Johnson, Dakkari Wilson.
Afternoon Session.
B.C. Records
B.C. RECORDS
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/B.C.%20Records.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
Brian McBean
Chad Vickers
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/B.C.%20Records.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
F.A.M.S. Accessories
F.A.M.S. ACCESSORIES
BUSINESS PLAN COMPETITION WINNER
WEBSITE: http://www.famsaccessories.
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/famsaccessoriesfinal.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/Copy%20of%20FAMS%20EXCEL.xlsx
BUSINESS PLAN COMPETITION WINNER
Fatima J. Uddin
Angela Domfeh
Mahnoor Jaura
Shivani Lall
WEBSITE: http://www.famsaccessories.
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/famsaccessoriesfinal.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/Copy%20of%20FAMS%20EXCEL.xlsx
X-Scape Teen Night Club
X-SCAPE TEEN NIGHT CLUB
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/xscape_teenclub.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/Copy%20of%20xscape%20income_statement%281%29.xlsx
Nohely Perez
Abena Adu
Tremaine Smith
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/xscape_teenclub.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/Copy%20of%20xscape%20income_statement%281%29.xlsx
Monday, July 26, 2010
Killer B's & Fresh to Death - Write your own questions for this week's Olympics
Killer B's & Fresh to Death,
I will give you guys the opportunity to pose the questions that I will ask for next week's Olympics. Each company needs to pose an Easy, Medium, and Hard question that currently does not appear yet on the website. It can cover any of the Entrepreneurship, Marketing, Management, Finance, & Accounting material that we have covered in class. It will be due this Tuesday!! You must also provide the answer as well.
Sincerely,
Mr. Filipinas
mr.filipinas@gmail.com
I will give you guys the opportunity to pose the questions that I will ask for next week's Olympics. Each company needs to pose an Easy, Medium, and Hard question that currently does not appear yet on the website. It can cover any of the Entrepreneurship, Marketing, Management, Finance, & Accounting material that we have covered in class. It will be due this Tuesday!! You must also provide the answer as well.
Sincerely,
Mr. Filipinas
mr.filipinas@gmail.com
Tuesday, July 20, 2010
Shaine & Jordan Freight Services
SHAINE & JORDAN FREIGHT SERVICES
BUSINESS PLAN COMPETITION HONORABLE MENTION
Jordan Smith
Shaine Ninan
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/Jordan%20n%20shaine%20powerpoint%5B1%5D.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/JORDAN%20AND%20SHAINE%20new%20excellllll.xlsx
BUSINESS PLAN COMPETITION HONORABLE MENTION
Jordan Smith
Shaine Ninan
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/Jordan%20n%20shaine%20powerpoint%5B1%5D.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/JORDAN%20AND%20SHAINE%20new%20excellllll.xlsx
www.myteenworld.com
WWW.MYTEENWORLD.COM
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/MyteenWorld_powerpoint.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/MyTeenWorld_income_statement.xlsxx.xlsx
Group Members-
Shaday Leon:
Danyelle Johnson:
Hemwattie Gobardhan:
Session: Morning
Company Name: Virtual World (www.ezhistext.com)
Industry: Researching
Description: a website where students and teachers can find links to any history textbook. Instead of reading about events from history, the events will be virtual.
Shaday Leon:
Danyelle Johnson:
Hemwattie Gobardhan:
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/MyteenWorld_powerpoint.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/MyTeenWorld_income_statement.xlsxx.xlsx
Group Members-
Shaday Leon:
Danyelle Johnson:
Hemwattie Gobardhan:
Session: Morning
Company Name: Virtual World (www.ezhistext.com)
Industry: Researching
Description: a website where students and teachers can find links to any history textbook. Instead of reading about events from history, the events will be virtual.
SMOOCHES
SMOOCHES
Robeira Lopez
Katie Rivera
Damaris Dedes
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/smooches2334.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/SMOOCHES%20income_statement.xlsx
Robeira Lopez
Katie Rivera
Damaris Dedes
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/smooches2334.pptx
CLICK HERE FOR FINANCIAL STATEMENTS EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%203%204%20AM/SMOOCHES%20income_statement.xlsx
Thursday, July 15, 2010
Updated review questions wk 3
General:
x 1.) What is an an entrepreneur?
X2.) What does VC stand for?
X3.) What does equity mean?
X4.) What is the name of the reality TV show where entrepreneurs try to obtain funding for their business ideas?
X5.) What is the website that we used to find Company & Industry information?
Marketing:
x 1.) What is a company's Marketing Mix also known as?
x 2.) What are the 4 P's?
3.) According to the Marketing Mix graphic, what are 4 distinct elements of Promotion?
4.) What is Market Segmentation? Give me an example & how
5.) What is Product Differentiation? Give me an example & how
x 6.) What is a cost leader? Give me an example & how
7.) What are the 4 strategies that depend on Market Dominance?
x 8.) What is a nicher?
9.) Describe the 3 innovation strategies (pioneer, close follower, late follower) & describe how the price of technology & the spread of technology differs over time?
10.) What is horizontal integration? Give an example
11.) What is vertical integration?give an example?
x 12.) What is diversification? Give an example
13.) what is intensification? Give an example?
x 14.) what do we mean by "brick and mortar"
Management:
x 1.) What does SWOT stand for?
r 2.) What are Porter's Five Forces?
3.) What is a distribution channel?
4.) What is merchandising?
5.) What is the supply chain?
x 6.) What are economies of scale?
7.) What is a barrier to entry?
Give me an example
x 8.) What are sunk costs? Give me an example
9.) what are switching costs? Give me an example
10.) what do we mean by "cutting out the middle man"?
x 11.) what does COGS stand for?
X12.) what does USAIIRDO stand for?
13.) Match COGS & USAIIRDO with the following: fixed cost, variable cost
14.) the COGS would include which 2 costs?
X15.) if an industry is highly concentrated, what does this mean?
x 16.) what do we mean by "one stop shopping"?
Financials:
X1.) What is a company's break even point?
R2.) how we find a company's breakeven point?
X3.) What is an income statement?
4.) T/F An income statement is a "snapshot" in time.
X5.) what is revenue?
6.) what is gross profit?
7.) what is operational profit / EBIT?
8.) what is net profit?
X9.) what do we mean by the "bottom line"?
10.) What is depreciation?
------------------------------------------------------------------------------------------------
EXTRA:
X1.) what are 2 parts of a loan payment?
2.) What are the 3 parts of the Balance Sheet?
R3.). What is the difference between the strengths and opportunities in a SWOT analysis?
X4.) Of the 3 major financial statements, which 2 specify a period of time?
X5.) Where is revenue found on the income statement?
6.) What does EBITDA stand for?
7.) What is the principal?
8.) give me 2 examples of how Walmart stays a cost leader through their merchandising and supply chain management (1 for each).
X9.) how can small companies compete with big companies?
X10.) According to Fortune magazine, which company is #1 on its Fortune 500 list?
11.) according to Hoovers.com, which industry is Walmart?
12.) who is one of the founders of Apple Computers?
X13.) what are 2 ways to segment your market?
14.) according to "Shark Tank", what is the main concern for venture capitalists?
X15.) how are Boost Mobile & Jitterbug "nichers"?
16.) according to our discussion of technology innovation, how does the Sony Reader compete with the Amazon Kindle?
X17.) finish the sentence: Big companies have Economies of ____________ .
X18.) how are Old Navy, Gap, & Banana Republic horizontally integrated?
week 2 student provided questions:
Titans: Jebelitta
X1. What do the parentheses around the dollar in accounting mean? (Easy)
It means that the numbers are negative
X2. What does total costs equal to? (Medium)
Fix cost + variable costs
3. What is the income statement also known as? (Hard)
Titans: AFM's
the profit and loss statement or statement of revenue and expense
Easy
Q: What is brand equity?
A: People recognize your brand logo. (i.e. McDonald's golden arches)
Medium
Q: Why do startups fail? Give two reasons. (This is from the article)
A: No understanding of business; no concept of reality; no back-up plan; no exit strategy
HardQQ: What are the 3 types of financial statements?
A: Income statement, balance sheets, statement of cash flows
Q: What is an income statement and balance sheet used for?
A: Income Statement - Measures the companies finance over a period of time.
Balance Sheet - It is needed to know how much $ is borrowed and invested.
Titans: Rapple
Easy→ What is breakeven point?
Medium→What do the Parenthesis mean?
Hard→ What is the equation of the breakeven point?
Titans: KEO Affordable Fashions
Question 1:Easy
What is the name of the reality Tv show where entrepreneurs try to obtain funding for their business ideas?
- Shark Tank
Question 2:Medium
What does USAIIRDO stand for?
-Utilities, Salaries, Advertising, Interest, Insurance, Rent, Depreciation, Other
Question 3:Hard
What is an Income Statement?
-An income statement is a summary of income and expenses.
Cryptonite: Silver Moon
1.What is SALES REVENUE ?
the income your business gets from either selling your product or service
2.If verizon is the leader of cell phone service proivder, then who is the challenger?who is the follower? and what company is the nicher?
Challenger - AT&T
Follower - Sprint, T-Mobile
Nicher - Boost Mobile, Jitterbug
3.what is Intensification? what company is a example of this?
McDonald
Ccintensification is when a company starts small and gets bigger and bigger,an examlpe of intensification is
CRYPTONITE: CLARIE'S
1. What are all THREE major financial statements?
2. How many parts is the income statement divided into and what are they?
X3. What do we mean by bottom line?
4. Why is the portion of the revenue that deals with operating items interesting to both investors and analysts?
CRYPTONITE: CHILL SPOT
X1.What if your running a business, and the break even that you have is way off? What do you do?
WHAT ARE 3 WAYS TO ADJUST YOUR BREAKEVEN?
2. Lets say you have a business, and your competitor is beating you, what do you do so that you could be able to beat the competitor before it's to late?
WHAT ARE 5 WAYS TO OUTSHINE THE COMPETITION?
SEE: http://www.entrepreneur.com/marketing/marketingcolumnistkimtgordon/article207020.html
3. Would you have to shut down the business that your pursuing because you cant invest any money or could you find a way to invest the money while your business is still running and why?
WHAT ARE WAYS TO "BOOTSTRAP" YOUR STARTUP?
SEE:
http://www.entrepreneur.com/magazine/entrepreneursstartupsmagazine/2002/october/55776-3.html
CRYPTONITE: PEPPER'S
(Easy)
T/F
IN A PROGRESSIVE TAX RATE, Does earning a higher gross income mean you have to pay A HIGER PERCENTAGE OF taxes RELATIVE TO THOSE WHO EARN LESS?
True
(Medium)
Without saying what each letter stands for explain what is USAIIRDO?
A cost that does not vary depending on production or sales levels or a fixed cost.
(Hard)
a)Into how many sections is the Income Statement broken up also name the two
The income statement is divided into two parts: the operating and non-operating sections.
b)Who find the opearting section interesting and why?
The portion of the income statement that deals with operating items is interesting to investors and analysts alike because this section discloses information about revenues and expenses that are a direct result of the regular business operations.
x 1.) What is an an entrepreneur?
X2.) What does VC stand for?
X3.) What does equity mean?
X4.) What is the name of the reality TV show where entrepreneurs try to obtain funding for their business ideas?
X5.) What is the website that we used to find Company & Industry information?
Marketing:
x 1.) What is a company's Marketing Mix also known as?
x 2.) What are the 4 P's?
3.) According to the Marketing Mix graphic, what are 4 distinct elements of Promotion?
4.) What is Market Segmentation? Give me an example & how
5.) What is Product Differentiation? Give me an example & how
x 6.) What is a cost leader? Give me an example & how
7.) What are the 4 strategies that depend on Market Dominance?
x 8.) What is a nicher?
9.) Describe the 3 innovation strategies (pioneer, close follower, late follower) & describe how the price of technology & the spread of technology differs over time?
10.) What is horizontal integration? Give an example
11.) What is vertical integration?give an example?
x 12.) What is diversification? Give an example
13.) what is intensification? Give an example?
x 14.) what do we mean by "brick and mortar"
Management:
x 1.) What does SWOT stand for?
r 2.) What are Porter's Five Forces?
3.) What is a distribution channel?
4.) What is merchandising?
5.) What is the supply chain?
x 6.) What are economies of scale?
7.) What is a barrier to entry?
Give me an example
x 8.) What are sunk costs? Give me an example
9.) what are switching costs? Give me an example
10.) what do we mean by "cutting out the middle man"?
x 11.) what does COGS stand for?
X12.) what does USAIIRDO stand for?
13.) Match COGS & USAIIRDO with the following: fixed cost, variable cost
14.) the COGS would include which 2 costs?
X15.) if an industry is highly concentrated, what does this mean?
x 16.) what do we mean by "one stop shopping"?
Financials:
X1.) What is a company's break even point?
R2.) how we find a company's breakeven point?
X3.) What is an income statement?
4.) T/F An income statement is a "snapshot" in time.
X5.) what is revenue?
6.) what is gross profit?
7.) what is operational profit / EBIT?
8.) what is net profit?
X9.) what do we mean by the "bottom line"?
10.) What is depreciation?
------------------------------------------------------------------------------------------------
EXTRA:
X1.) what are 2 parts of a loan payment?
2.) What are the 3 parts of the Balance Sheet?
R3.). What is the difference between the strengths and opportunities in a SWOT analysis?
X4.) Of the 3 major financial statements, which 2 specify a period of time?
X5.) Where is revenue found on the income statement?
6.) What does EBITDA stand for?
7.) What is the principal?
8.) give me 2 examples of how Walmart stays a cost leader through their merchandising and supply chain management (1 for each).
X9.) how can small companies compete with big companies?
X10.) According to Fortune magazine, which company is #1 on its Fortune 500 list?
11.) according to Hoovers.com, which industry is Walmart?
12.) who is one of the founders of Apple Computers?
X13.) what are 2 ways to segment your market?
14.) according to "Shark Tank", what is the main concern for venture capitalists?
X15.) how are Boost Mobile & Jitterbug "nichers"?
16.) according to our discussion of technology innovation, how does the Sony Reader compete with the Amazon Kindle?
X17.) finish the sentence: Big companies have Economies of ____________ .
X18.) how are Old Navy, Gap, & Banana Republic horizontally integrated?
week 2 student provided questions:
Titans: Jebelitta
X1. What do the parentheses around the dollar in accounting mean? (Easy)
It means that the numbers are negative
X2. What does total costs equal to? (Medium)
Fix cost + variable costs
3. What is the income statement also known as? (Hard)
Titans: AFM's
the profit and loss statement or statement of revenue and expense
Easy
Q: What is brand equity?
A: People recognize your brand logo. (i.e. McDonald's golden arches)
Medium
Q: Why do startups fail? Give two reasons. (This is from the article)
A: No understanding of business; no concept of reality; no back-up plan; no exit strategy
HardQQ: What are the 3 types of financial statements?
A: Income statement, balance sheets, statement of cash flows
Q: What is an income statement and balance sheet used for?
A: Income Statement - Measures the companies finance over a period of time.
Balance Sheet - It is needed to know how much $ is borrowed and invested.
Titans: Rapple
Easy→ What is breakeven point?
Medium→What do the Parenthesis mean?
Hard→ What is the equation of the breakeven point?
Titans: KEO Affordable Fashions
Question 1:Easy
What is the name of the reality Tv show where entrepreneurs try to obtain funding for their business ideas?
- Shark Tank
Question 2:Medium
What does USAIIRDO stand for?
-Utilities, Salaries, Advertising, Interest, Insurance, Rent, Depreciation, Other
Question 3:Hard
What is an Income Statement?
-An income statement is a summary of income and expenses.
Cryptonite: Silver Moon
1.What is SALES REVENUE ?
the income your business gets from either selling your product or service
2.If verizon is the leader of cell phone service proivder, then who is the challenger?who is the follower? and what company is the nicher?
Challenger - AT&T
Follower - Sprint, T-Mobile
Nicher - Boost Mobile, Jitterbug
3.what is Intensification? what company is a example of this?
McDonald
Ccintensification is when a company starts small and gets bigger and bigger,an examlpe of intensification is
CRYPTONITE: CLARIE'S
1. What are all THREE major financial statements?
2. How many parts is the income statement divided into and what are they?
X3. What do we mean by bottom line?
4. Why is the portion of the revenue that deals with operating items interesting to both investors and analysts?
CRYPTONITE: CHILL SPOT
X1.What if your running a business, and the break even that you have is way off? What do you do?
WHAT ARE 3 WAYS TO ADJUST YOUR BREAKEVEN?
2. Lets say you have a business, and your competitor is beating you, what do you do so that you could be able to beat the competitor before it's to late?
WHAT ARE 5 WAYS TO OUTSHINE THE COMPETITION?
SEE: http://www.entrepreneur.com/marketing/marketingcolumnistkimtgordon/article207020.html
3. Would you have to shut down the business that your pursuing because you cant invest any money or could you find a way to invest the money while your business is still running and why?
WHAT ARE WAYS TO "BOOTSTRAP" YOUR STARTUP?
SEE:
http://www.entrepreneur.com/magazine/entrepreneursstartupsmagazine/2002/october/55776-3.html
CRYPTONITE: PEPPER'S
(Easy)
T/F
IN A PROGRESSIVE TAX RATE, Does earning a higher gross income mean you have to pay A HIGER PERCENTAGE OF taxes RELATIVE TO THOSE WHO EARN LESS?
True
(Medium)
Without saying what each letter stands for explain what is USAIIRDO?
A cost that does not vary depending on production or sales levels or a fixed cost.
(Hard)
a)Into how many sections is the Income Statement broken up also name the two
The income statement is divided into two parts: the operating and non-operating sections.
b)Who find the opearting section interesting and why?
The portion of the income statement that deals with operating items is interesting to investors and analysts alike because this section discloses information about revenues and expenses that are a direct result of the regular business operations.
Wednesday, July 14, 2010
Tuesday, July 13, 2010
CHILL SPOT
CHILL SPOT
MONTEL HUDSON, GARVEY MOORE, SIMONNE MOORE
Click HERE for BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/CHILL%20SPOT%20Business%20Plan%20Presentation%20Template.ppthh.pptll%5B1%5D.ppt
Click HERE for INCOME STATEMENT EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/CHILL%20SPOT%20Copy%20of%20income%20statement%281%29.xlsx
MONTEL HUDSON, GARVEY MOORE, SIMONNE MOORE
Click HERE for BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/CHILL%20SPOT%20Business%20Plan%20Presentation%20Template.ppthh.pptll%5B1%5D.ppt
Click HERE for INCOME STATEMENT EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/CHILL%20SPOT%20Copy%20of%20income%20statement%281%29.xlsx
Business plan presentation rubric
Business plan presentation rubric
BUSINESS PLAN 20 points
About the company 0 1 2
Marketing mix (4 P's) 0 1 2
Competitors marketing mix 0 1 2
SWOT analysis 0 1 2
Variable costs COGS 0 1 2
Fixed costs USAIIRDO 0 1 2
Break even analysis 0 1 2
Income statement 0 1 2
Balance sheet 0 1 2
Extras 0 1 2
PRESENTATION 20 points
Information was organized & presented clearly 1 2 3 4 5
Smooth oral presentations & transitions between slides 1 2 3 4 5
Ability to answer questions effectively & convincingly 1 2 3 4 5
I would invest money with this company 1 2 3 4 5
Mr. Filipinas
- Posted using BlogPress from my iPhone
BUSINESS PLAN 20 points
About the company 0 1 2
Marketing mix (4 P's) 0 1 2
Competitors marketing mix 0 1 2
SWOT analysis 0 1 2
Variable costs COGS 0 1 2
Fixed costs USAIIRDO 0 1 2
Break even analysis 0 1 2
Income statement 0 1 2
Balance sheet 0 1 2
Extras 0 1 2
PRESENTATION 20 points
Information was organized & presented clearly 1 2 3 4 5
Smooth oral presentations & transitions between slides 1 2 3 4 5
Ability to answer questions effectively & convincingly 1 2 3 4 5
I would invest money with this company 1 2 3 4 5
Mr. Filipinas
- Posted using BlogPress from my iPhone
Monday, July 12, 2010
Income statement & Balance Sheet
First, you need to determine your SALES REVENUE - the income your business gets from either selling your product or service. Estimate how much sales revenue you make for 12 months as a first year business.
Next, determine your COST OF GOODS SOLD (COGS) or COST OF SERVICES PROVIDED. These are the variable costs to your firm which increase as your sales revenue increases.
If you subtract these COSTS from your SALES, you get your GROSS PROFIT
From your GROSS PROFIT, you can subtract each of your fixed expenses or USAIIRDO except for INTEREST (& DEPRECIATION depending on the type of business) & this gives your OPERATIONAL PROFIT. This is sometimes known as EBIT (EARNINGS BEFORE INTEREST & TAXES) or if also before DEPRECIATION & AMORTIZATION (don't worry about this for now), EBITDA.
For an Excel Spreadsheet helping you to determine your INCOME STATEMENT, DEPRECIATION, BALANCE SHEET & INTEREST expense click HERE.
From your OPERATIONAL PROFIT, subtract INTEREST, TAXES, & DEPRECIATION if you haven't already done so to get your NET PROFIT or NET INCOME. This is also known as "THE BOTTOM LINE". Your SALES would be known as your "TOP LINE".
BALANCE SHEET
ASSETS = LIABILITIES + OWNER'S EQUITY
ASSETS are composed of CASH, ACCOUNTS RECEIVABLE (money owed to you for selling a product or service), INVENTORY (goods you have in your possession that needs to be sold) PROPERTY PLANT & EQUIPMENT that you own & do not rent.
LIABILITIES are monies that are owed to someone else: ACCOUNTS PAYABLE (money owed to suppliers), short term USAIIRDO monthly expenses (except for DEPRECIATION), & long term LOANS
OWNER'S EQUITY = ASSETS - LIABILITIES
OWNER'S EQUITY is the residual value of the company after all liabilities are paid.
RETAINED EARNINGS are the portion of the net income that is reinvested back into the company rather than paid out in dividends.
Mr. Filipinas
- Posted using BlogPress from my iPhone
Next, determine your COST OF GOODS SOLD (COGS) or COST OF SERVICES PROVIDED. These are the variable costs to your firm which increase as your sales revenue increases.
If you subtract these COSTS from your SALES, you get your GROSS PROFIT
From your GROSS PROFIT, you can subtract each of your fixed expenses or USAIIRDO except for INTEREST (& DEPRECIATION depending on the type of business) & this gives your OPERATIONAL PROFIT. This is sometimes known as EBIT (EARNINGS BEFORE INTEREST & TAXES) or if also before DEPRECIATION & AMORTIZATION (don't worry about this for now), EBITDA.
For an Excel Spreadsheet helping you to determine your INCOME STATEMENT, DEPRECIATION, BALANCE SHEET & INTEREST expense click HERE.
From your OPERATIONAL PROFIT, subtract INTEREST, TAXES, & DEPRECIATION if you haven't already done so to get your NET PROFIT or NET INCOME. This is also known as "THE BOTTOM LINE". Your SALES would be known as your "TOP LINE".
BALANCE SHEET
ASSETS = LIABILITIES + OWNER'S EQUITY
ASSETS are composed of CASH, ACCOUNTS RECEIVABLE (money owed to you for selling a product or service), INVENTORY (goods you have in your possession that needs to be sold) PROPERTY PLANT & EQUIPMENT that you own & do not rent.
LIABILITIES are monies that are owed to someone else: ACCOUNTS PAYABLE (money owed to suppliers), short term USAIIRDO monthly expenses (except for DEPRECIATION), & long term LOANS
OWNER'S EQUITY = ASSETS - LIABILITIES
OWNER'S EQUITY is the residual value of the company after all liabilities are paid.
RETAINED EARNINGS are the portion of the net income that is reinvested back into the company rather than paid out in dividends.
Mr. Filipinas
- Posted using BlogPress from my iPhone
Friday, July 9, 2010
Killer B's & Fresh to Death - Make your Own Questions for next week's Olympics!!!
Killer B's & Fresh to Death,
I will give you guys the opportunity to pose the questions that I will ask for next week's Olympics. Each company needs to pose an Easy, Medium, and Hard question that currently does not appear yet on the website. It can cover any of the Entrepreneurship, Marketing, Management, Finance, & Accounting material that we have covered in class. It will be due this Tuesday!! You must also provide the answer as well.
Sincerely,
Mr. Filipinas
mr.filipinas@gmail.com
I will give you guys the opportunity to pose the questions that I will ask for next week's Olympics. Each company needs to pose an Easy, Medium, and Hard question that currently does not appear yet on the website. It can cover any of the Entrepreneurship, Marketing, Management, Finance, & Accounting material that we have covered in class. It will be due this Tuesday!! You must also provide the answer as well.
Sincerely,
Mr. Filipinas
mr.filipinas@gmail.com
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
Ethnic Food Business Plan (Courtesy: Peppers)
http://www.bplans.com/ethnic_food_restaurant_business_plan/web_plan_summary_fc.cfm
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
Ethnic Food Business Plan (Courtesy: Peppers)
http://www.bplans.com/ethnic_food_restaurant_business_plan/web_plan_summary_fc.cfm
Review Questions
General:
x 1.) What is an an entrepreneur?
2.) What does VC stand for?
3.) What does equity mean?
4.) What is the name of the reality TV show where entrepreneurs try to obtain funding for their business ideas?
5.) What is the website that we used to find Company & Industry information?
Marketing:
x 1.) What is a company's Marketing Mix also known as?
x 2.) What are the 4 P's?
3.) What are 4 distinct elements of Promotion?
4.) What is Market Segmentation? Give me an example & how
5.) What is Product Differentiation? Give me an example & how
x 6.) What is a cost leader? Give me an example & how
7.) What are the 4 strategies that depend on Market Dominance?
x 8.) What is a nicher?
9.) Describe the 3 innovation strategies (pioneer, close follower, late follower) & describe how the price of technology & the spread of technology differs over time?
10.) What is horizontal integration? Give an example
11.) What is vertical integration?give an example?
x 12.) What is diversification? Give an example
13.) what is intensification? Give an example?
x 14.) what do we mean by "brick and mortar"
Management:
x 1.) What does SWOT stand for?
r 2.) What are Porter's Five Forces?
3.) What is a distribution channel?
4.) What is merchandising?
5.) What is the supply chain?
x 6.) What are economies of scale?
7.) What is a barrier to entry?
Give me an example
x 8.) What are sunk costs? Give me an example
9.) what are switching costs? Give me an example
10.) what do we mean by "cutting out the middle man"?
x 11.) what does COGS stand for?
12.) what does USAIIRDO stand for?
13.) Match COGS & USAIIRDO with the following: fixed cost, variable cost
14.) the COGS would include which 2 costs?
15.) if an industry is highly concentrated, what does this mean?
x 16.) what do we mean by "one stop shopping"?
Financials:
1.) What is a company's break even point?
2.) how we find a company's breakeven point?
3.) What is an income statement?
4.) T/F An income statement is a "snapshot" in time.
5.) what is revenue?
6.) what is gross profit?
7.) what is operational profit / EBIT?
8.) what is net profit?
9.) what do we mean by the "bottom line"?
10.) What is depreciation?
Mr. Filipinas
- Posted using BlogPress from my iPhone
x 1.) What is an an entrepreneur?
2.) What does VC stand for?
3.) What does equity mean?
4.) What is the name of the reality TV show where entrepreneurs try to obtain funding for their business ideas?
5.) What is the website that we used to find Company & Industry information?
Marketing:
x 1.) What is a company's Marketing Mix also known as?
x 2.) What are the 4 P's?
3.) What are 4 distinct elements of Promotion?
4.) What is Market Segmentation? Give me an example & how
5.) What is Product Differentiation? Give me an example & how
x 6.) What is a cost leader? Give me an example & how
7.) What are the 4 strategies that depend on Market Dominance?
x 8.) What is a nicher?
9.) Describe the 3 innovation strategies (pioneer, close follower, late follower) & describe how the price of technology & the spread of technology differs over time?
10.) What is horizontal integration? Give an example
11.) What is vertical integration?give an example?
x 12.) What is diversification? Give an example
13.) what is intensification? Give an example?
x 14.) what do we mean by "brick and mortar"
Management:
x 1.) What does SWOT stand for?
r 2.) What are Porter's Five Forces?
3.) What is a distribution channel?
4.) What is merchandising?
5.) What is the supply chain?
x 6.) What are economies of scale?
7.) What is a barrier to entry?
Give me an example
x 8.) What are sunk costs? Give me an example
9.) what are switching costs? Give me an example
10.) what do we mean by "cutting out the middle man"?
x 11.) what does COGS stand for?
12.) what does USAIIRDO stand for?
13.) Match COGS & USAIIRDO with the following: fixed cost, variable cost
14.) the COGS would include which 2 costs?
15.) if an industry is highly concentrated, what does this mean?
x 16.) what do we mean by "one stop shopping"?
Financials:
1.) What is a company's break even point?
2.) how we find a company's breakeven point?
3.) What is an income statement?
4.) T/F An income statement is a "snapshot" in time.
5.) what is revenue?
6.) what is gross profit?
7.) what is operational profit / EBIT?
8.) what is net profit?
9.) what do we mean by the "bottom line"?
10.) What is depreciation?
Mr. Filipinas
- Posted using BlogPress from my iPhone
Thursday, July 8, 2010
Tuesday, July 6, 2010
Peppers
PEPPERS
BUSINESS PLAN COMPETITION WINNER
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/Peppers%20Business%20Plan%20Presentation%20Template.ppt
CLICK HERE FOR INCOME STATEMENT EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/PEPPER%27S%20Copy%20of%20income%20statement-1.xlsx
Company name: Peppers
BUSINESS PLAN COMPETITION WINNER
CLICK HERE FOR BUSINESS PLAN POWERPOINT PRESENTATION
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/Peppers%20Business%20Plan%20Presentation%20Template.ppt
CLICK HERE FOR INCOME STATEMENT EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/PEPPER%27S%20Copy%20of%20income%20statement-1.xlsx
Company name: Peppers
Industry: Food Company
Names of group members: Marcos Araujo, Kevin Beltran, Eduardo Roman
First Company
- Competitor Name
Chili’s Grill and Bar
- Competitor URL (Website address - copy and paste the entire http://www.companywebsite.com)
- What are the goods or services that they sell?
Their goods are American foods influenced by Tex-mex cuisine
- Who are they trying to market / sell to?
Typically the try to market families for attachments or persons searching to celebrate an event
- How expensive are their goods / services compared to their other competitors?
The services are family oriented with the cost of foods ranging from a mid price value. However, the cost of foods is cumulative if one travels in a huge group so the entire meal can go up to $300.00 or more depending on what is ordered.
- Where do they advertise (Internet, TV, Radio, Print, Billboard, Word of Mouth, etc.) and where do they actually sell their product or service (Internet, Retail Outlet / Kiosk / Storefront / , Combination of both, TV, Mail Order, Telephone Solicitation, etc) ?
They advertise using commercials, ads, songs; furthermore they make cameos in popular sitcoms such as the NBC series, “The office”. The products are sold in chain restaurants.
- Are there any products or services that can substitute for what the company sells. (example: Cars or Bicycles vs Harley Davidson)
Second Company
- Are there any products or services that are technologically superior or obsolete to what the company sells? (Example: Blu-Ray Disc / On Demand Video / Tivo vs DVD vs VHS)
· Competitor Name:
T.G.I.F
· What are the goods or services that they sell?
T.G.I.F sells a variety of fast food such as chicken, fries, beverages.
· Who are they trying to market / sell to?:
they are trying to sell to families, mostly adults
· How expensive are their goods / services compared to their other competitors?
T.G.I Friday’s prices are about $10.00 and up
· Where do they advertise (Internet, TV, Radio, Print, Billboard, Word of Mouth, etc.) and where do they actually sell their product or service (Internet, Retail Outlet / Kiosk / Storefront / , Combination of both, TV, Mail Order, Telephone Solicitation, etc) ?:
They Advertise at the Internet, commercials. They sell their services at restaurants, websites, and telephone solicitation.
· Are there any products or services that can substitute for what the company sells. (example: Cars or Bicycles vs Harley Davidson): already made food that just need to be heated at home, that can be found at stores.
· Are there any products or services that are technologically superior or obsolete to what the company sells? (Example: Blu-Ray Disc / On Demand Video / Tivo vs DVD vs VHS): frozen food that are ready to be made at home.
Third Company
Competitor Name
Darden Restaurant, Inc (Flagships Chains: Red Lobster, Olive Garden, the LongHorn Stakehouse chain, and others)
Competitor URL (Website address - copy and paste the entire http://www.companywebsi
Competitor’s URL: http://www.darden.com/
What are the goods or services that they sell?
How expensive are their goods / services compared to their other competitors?
Olive Garden and Red Lobster fall into the Darden Restaurant, Inc, Red Lobster being a seafood restaurant whereas Olive Garden an Italian-themed restaurant. They advertise a family oriented environment for its customers. Cost for the food ranges in a mid-priced value. Located throughout the U.S. and Canada, they are commonly found at suburban areas. They sell Italian food, sea food, Caribbean food, etc. The food that they sell depends on the restaurant one decides to go to.
Who are they trying to market / sell to?
These restaurants appeal to the family as well as group of people that want to spend time together.
Where do they advertise (Internet, TV, Radio, Print, Billboard, Word of Mouth, etc.) and where do they actually sell their product or service (Internet, Retail Outlet / Kiosk / Storefront / , Combination of both, TV, Mail Order, Telephone Solicitation, etc) ?
They advertise in television, and internet.
Are there any products or services that can substitute for what the company sells. (example: Cars or Bicycles vs Harley Davidson)
The food variety, although large, is still limited. There are many other areas in the restaurant industry that they do not have a hold off and that we can exploit.
Are there any products or services that are technologically superior or obsolete to what the company sells? (Example: Blu-Ray Disc / On Demand Video / Tivo vs DVD vs VHS)
The location of many of their restaurants are centralized at certain places which is beneficial to our company since we can expand into the areas that they are not in.Dream House Real Estate
DREAM HOUSE REAL ESTATE
BUSINESS PLAN COMPETITION HONORABLE MENTION
CLICK HERE FOR BUSINESS PLAN PRESENTATION
BUSINESS PLAN COMPETITION HONORABLE MENTION
CLICK HERE FOR BUSINESS PLAN PRESENTATION
CLICK HERE FOR INCOME STATEMENT EXCEL SPREADSHEET
http://dl.dropbox.com/u/5046837/MASTERS%20PROGRAM/Groups%202010/Weeks%201%202%20PM/DREAM%20HOUSE%20Copy%20of%20income%20statement.xlsx
· Company Name - Dream House Real Estate
· Industry - Real Estate
· First and Last Names of the 3 group members - Sanford Hoang, Hue Tran, Johanna Padilla
· Morning or Afternoon Session - Afternoon Session
Our Company shall, buy foreclosed houses, fix them so it will be nicer, and sell them at a higher price. This will be done in sub urban areas, for example New Jersey.
Our Company shall, buy foreclosed houses, fix them so it will be nicer, and sell them at a higher price. This will be done in sub urban areas, for example New Jersey.
Places to get loans from:
FHA Home Improvement, Bank of America, Chase,
Wells Fargo. And http://fhagovernmentloans.
Suppliers:
Lowes, Home Depot, Ace Hardware Stores, Scheman & Grant
Hardware
Contractors:
Servicemagic.com (Electricians)
Eastwick.edu/trade (Pluming welding)
Biltmorewhoswho.com (Carpenters)
http://www.
http://www.
How to find whole house improvements estimates
http://www.remodelestimates.
http://www.remodelestimates.
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