TAJ's Control internal data with A Comprehensive Management System monitoring;
*Costing & Pricing*
*Purchases & Inventory*
*Sales & Marketing*
*Payroll & Personnel*
*Operational Expenses*
*Financial Cost*
*Cash Flow & Profits*
From Business Plan to Balance Sheet
From Balance Sheet to Business Plan
CONTROL – For business or personal use, offers a minimum of 10 hours of
face-to-face practical training and any additional contact will be at a fee of
US$100.00 per hour. Please note that the required hardware and software must be
provided; it is the database design, modifications, customizations and training
hours that cost. Individual however, can receive free training through
participating financial institutions as they apply for loans.
CONTROL – For business or personal use, offers a minimum of 10 hours of face-to-face practical training and any additional contact will be at a fee of US$100.00 per hour. Please note that the required hardware and software must be provided; it is the database design, modifications, customizations and training hours that cost. Individual however, can receive free training through participating financial institutions as they apply for loans.
Key Benefits
- Firstly, the feasibility of any business idea must be tested.
- Is there a need for the products (Goods and/or Services) you want to offer?
- Who are your competitors and how can you win?
- What prices are customers willing to pay for these products?
- How many customers do you need at this pricing level to be Profitable?
- Is your business affected by (location) geography and (delivery) time?
- Next, is to prepare a comprehensive Business Plan.
- Marketing Strategies to address your strengths, weaknesses, opportunities & threats.
- Product Analysis to project selling prices that wins market share and customer loyalty.
- The need for Fixed Assets and at what cost.
- The capabilities of Management to execute the plan.
- Financial Analysis to project future Cash Flow and Growth.
- Then, Negotiate with Financiers.
- Armed with extract from your winning business plan, the Prospectus seeks funding.
- Equity Finance (Venture Capital) from Self, Family, Friends and others.
- Debt Finance (Loans, Bonds & Debentures) from Financial Institutions.
- A mix of both Equity & Debt Financing is generally the answer.
- Now, Work the Plan.
- Using your Business Plan to set up your Management Information System.
- Record all the Products (Goods and/or Services) you intend to offer in their various stages.
- Record all Contacts as Customers, Suppliers, Venders, Employees, Lenders and Shareholders.
- List all the necessary Accounts’ Names and Numbers.
- Set up existing Fixed Assets, Investments, Bank Accounts, Loans and Capital Accounts.
- Start by defining or knowing your products (Goods and/or Services).
- Establish a list of Categories and Sub-Categories to group your products.
- Register Product Name & Description, Size & Measurement, Serial, Make & Model Numbers.
- Record Quantity of Sellable Units in Purchase Package.
- Further divisions of Sellable Units or as Ingredients, without Sellable Units.
- Total Cost, Minimum Markup & Selling Price are affected by the product history.
- Now, enter your Opening Inventory.
- Record Inventory at current value via the first purchase order.
- Identifying particular Goods and the Quantities that are in Stock.
- Set warehousing location codes and other means of identification.
- Cost (inclusive of prorated taxes, duties and other charges) of particular Goods in Stock.
- Total value of Your Inventory.
- Then, record other Purchase Orders as required.
- Register Suppliers’ information.
- Record Date, PO Number, Authorized person and other relevant information.
- Select Goods purchased recording quantity and cost, discount and tax.
- Enter Payments through the Supplier Accounts.
- And record Cash and Credit Sales as booked.
- Cash Sales, Return and Refunds through the Cash Register.
- For Credit Sales, Register Customers’ information.
- Record Date, SI Number, Authorized person and other relevant information.
- Select Goods sold recording quantity and price, discount and tax.
- Enter Payments through the Customer Accounts.
- Similarly, record Expenses.
- Register Venders’ information.
- Record Expense and payment Account Number, Date, and other relevant information.
- Record quantity and price, discount and tax.
- Check Expense Totals.
- Also, record Payroll as necessary.
- Register Employees’ information.
- Record Payroll and Cash Account Number, Date, and other relevant information.
- Automatic calculation will fill in deductions and totals.
- Check Payroll Totals.
- Further, record Fixed Assets at current value.
- Register Venders’ information.
- Record Fixed Assets and Cash Account Number, Date, and other relevant information.
- Automatic calculation will fill in depreciation and adjust current value.
- Set Maintenance Schedule.
- Additionally, record Investment Instruments at current value.
- Register Investment Brokers’ information.
- Record Investment and Cash Account Number, Date, and other relevant information.
- Automatic calculation will fill in interest income, dividend and adjust current value.
- Set Interest Rate and examine your portfolio mix.
- As well, record Loans and Mortgages at current value.
- Register Lenders’ information.
- Record Loans and Cash Account Number, Date, and other relevant information.
- Automatic calculation will fill in interest expense, principal amounts and adjust current value.
- Set Interest Rate.
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