20. Balance Sheet
What the company owns and owes.
The main formula is:
assets = liabilities + shareholders’ equity
li bili i h h ld ’ i
To create a balance
Know your assets
Learn different liabilities
Shareholder’s Equity
q y
Center for Entrepreneurial Leadership February 3rd , 2007
24. Analyze…
Conduct a business risk assessment against each
business function.
Eliminate non‐critical business processes from a
contingency planning project.
l
List and prioritize business functions that require a
contingency plan.
contingency plan
Revise contingency planning project tasks to reflect
the new priorities.
Manage the identified risks as part of operational
management practices.
Center for Entrepreneurial Leadership February 3rd , 2007
28. To some it is THE critical factor.
Include
Personal Details
P l D il
Field of Expertise
Title of Position
Previous Experience
Previous Success
Education
Specific Skills
Center for Entrepreneurial Leadership February 3rd , 2007
32. Developing an Exit Strategy
Ask:
Why are you getting into the business?
y y g g
Do you see yourself running the business 20 years from
now?
Are you in it for big money or a steadily growing family
business?
Who are the investors in your business?
Center for Entrepreneurial Leadership February 3rd , 2007