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NOI MINISTRY OF TRADE AND COMMERCE. DEFINE: LIST INTERNAL STRENGTHS OF THE BUSINESS (Exp: years of experience in the industry) 1. 2. 3. 4. 5. 6. 7.

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Presentation on theme: "NOI MINISTRY OF TRADE AND COMMERCE. DEFINE: LIST INTERNAL STRENGTHS OF THE BUSINESS (Exp: years of experience in the industry) 1. 2. 3. 4. 5. 6. 7."— Presentation transcript:

1 NOI MINISTRY OF TRADE AND COMMERCE

2 DEFINE: LIST INTERNAL STRENGTHS OF THE BUSINESS (Exp: years of experience in the industry)

3 DEFINE: LIST INTERNAL WEAKNESSES OF THE BUSINESS (Exp: not enough help/staff)

4 DEFINE: LIST EXTERNAL OPPORTUNITIES OF THE BUSINESS (Exp: location)

5 DEFINE: LIST EXTERNAL THREATS OF THE BUSINESS(DECLINING MARKET; UNFAVORABLE ECONOMY, ETC)

6 GOAL- PLACE WHERE A RACE, TRIP, ETC ENDS;END STRIVEN FOR; PLACE TO PUT THE BALL OR PUCK TO SCORE; OBJECTIVE-REAL OR ACTUAL; NOT SUBJECTIVE; WITHOUT BIAS; (STEPS TO ACHIEVE/ACCOMPLISH A GOAL)

7 DEFINE: LIST SPECIFICS ON WHAT NEEDS TO BE ACCOMPLISHED(USE ACTION WORDS SUCH AS: DEVELOP, UPDATE, PARTNER,DRIVE, OPTIMIZE, COMPLETE,ETC.)

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9 1. HORIZONTAL BAR CHART THAT PROVIDES A GRAPHICAL ILLUSTRATION OF A SCHEDULE THAT HELPS TO PLAN AND COORDINATE; 2. TRACK SPECIFIC TASKS IN A PROJECT; 3. HORIZONTAL AXIS THAT LIST TOTAL TIME SPAN BROKEN DOWN INTO INCREMENTS (FOR EXAMPLE, DAYS, WEEKS, MONTHS); 4. VERTICAL AXIS THAT LIST THE TASK THAT MAKE UP THE PROJECT (FOR EXAMPLE THE STEPS TO ACHIEVE THE ULTIMATE GOAL); 5. THIS CHART GIVES A CLEAR ILLUSTRATION OF A PROJECT STATUS; 6. DESIGNED TO REFLECT WHAT IS CURRENT AND EXPECTED TO CHANGE; 7. ILLUSTRATE THE START AND FINISH DATES OF THE TERMINAL ELEMENTS AND SUMMARY ELEMENTS OF A PROJECT

10 GOAL: PROVIDE COMFORT TO THIS BABY ACTUAL FACT: USED TO CONSTRUCT THE HOOVER DAM AND OTHER INTERSTATE HIGHWAY PROJECTS LIST ALL SPECIFICS TO ACHIEVE AND MONITOR RESULTS 1. WHAT NEEDS TO BE DONE 2. BY WHOM 3. BY WHEN 4. WHAT RESOURCES ARE NEEDED 5. HOW WILL YOU MEASURE YOUR EFFORTS 6. WHAT ARE YOUR RESULTS 7. WHAT DID YOU LEARN

11 WHAT IS TO BE DONE BY WHOMBY WHENWHAT RESOURCES WILL YOU USE? HOW WILL YOU MEASURE SUCCESS? WHAT ARE YOUR RESULTS? DEFINE: LIST SPECIFICS TO ACCOMPLISH OBJECTIVES; COMPLETE ALL SECTIONS; SET REALISTIC BUT PROGRESSIVE TIME GOALS; STICK TO THEM

12 WHAT IS TO BE DONE BY WHOMBY WHENWHAT RESOURCES WILL YOU USE? HOW WILL YOU MEASURE SUCCESS? WHAT ARE YOUR RESULTS?

13 YOU BCD A

14 ITEMDATEEXPENSETAX WRITE OFF PURPOSE

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16 DESIGN A QUARTERLY PROFIT AND LOSS STATEMENT 1 ST QUARTER- JANUARY; FEBRUARY; MARCH; NOTE: LOOK AT YOUR Q1 GOALS VS. ACTUAL AND MAKE ADJUSTMENTS 2 ND QUARTER- APRIL; MAY; JUNE; NOTE: DESIGN A 30/60/90 DAY PLAN OF ACTION TO RESPOND TO IMMEDIATE NEEDS OF YOUR BUSINESS 3 RD QUARTER- JULY; AUGUST; SEPTEMBER NOTE: SPECIAL ATTENTION PAID TO HOLIDAY AND SEASONAL VACATION TIME THAT COULD AFFECT YOUR BUSINESS; 4 TH QUARTER- OCTOBER; NOVEMBER; DECEMBER NOTE: USE THE LAST QUARTER TO REALLY PUSH HARD TO MEET AND EXCEED YOUR GOALS; REFLECT ON WHAT WENT WELL AND NOT SO WELL AS TO NOT REPEAT; BEGIN AND COMPLETE A NEW BUSINESS PLAN FOR THE NEW YEAR; CELEBRATE YOUR SUCCESS IN REMAINING IN BUSINESS ANOTHER YEAR!!!

17 DONT RAISE YOUR BLOOD PRESSURE ALSO REFERED TO AS A P & L REPORT DEFINED- 1. AS AN OFFICIAL QUARTERLY OR ANNUAL FINANCIAL DOCUMENT SHOWING EARNINGS, EXPENSES, AND NET PROFIT. 2. NET INCOME IS DETERMINED FROM THIS REPORT BY SUBTRACTING TOTAL EXPENSES FROM TOTAL REVENUE. 3. SHOWS TRANSACTIONS OVER A GIVEN PERIOD OF TIME.

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20 PICTURE- MUHAMMAD MOSQUE #15 BLUE SEAS RESTAURANT; MIN. TRADE AND COMMERCE TRAINING SESSION FOR BUSINESS OWNERS IN JULY 2009 PRESENTER: SISTER KATRINA X (MUHAMMAD MOSQUE #15, ATLANTA, GA) THANK YOU FOR YOUR PARTICIPATION!


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