Book VI

Planning and Budgeting for Your Business

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webextras.eps Managing inventory can boost profits. Discover various strategies for managing inventory cost-effectively by visiting www.dummies.com/extras/accountingaio for free guidance.

In this book…

  • Structure a business to attract capital and issue stock shares to raise capital. Find out more about what potential investors really want to see in a company's financials.
  • Choose the appropriate legal structure for a business — sole-proprietorship, partnership, LLC, C-corp., S-corp., or something else. The right legal structure provides valuable legal protection and potential tax savings.
  • Draft a business plan that increases your chances of securing loan approval or attracting eager investors. Tell your company's growth story to prospective shareholders.
  • Build a budget to help executives and managers make better business decisions and boost their organization's bottom line. Budgeting not only keeps your business on track financially but also helps inform spending decisions so you get the most bang for your buck.
  • Tweak your budget to accommodate different levels of production and other potential variables. Play “what-if” with different production and product-development scenarios to plan production and sales and maximize profit.
  • Get a handle on ...

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