Determining More Detail Some money comes into the business. What are some sources of this? Businesses spend money. What do they spend it on?
Some More Detail Business $ $$$$$$ supplier $ laborer $ materialswork $$$ investments
Some examples of income Investments Loans Depreciation (tax refund or decrease)
Some examples of expenses Materials Labor Equipment Maintenance Equipment Rentals Insurance Licenses Advertising
Understanding Company Performance Are we making any money? Are we making enough money to live off of? Are changes we made recently helping or hurting our performance?
Tracking Performance What should we use as units of measurement for company performance?
Tracking Performance What should we use as units of measurement for company performance? MONEY!
Where MS Office Comes In Generate a business plan and division of labor with PowerPoint. Generate business cards/stationery/logo with Word. Analyze overhead and perform estimates with Microsoft Excel. Play ‘what if?’ Generate forms (e.g. Invoices) with Word. Generate company documentation with Word. Create a simple website with Word.