MindMap Gallery The underlying logic of business 1-8 8 The underlying logic of budget
This is a mind map about the underlying logic of business 1-8 8 and the underlying logic of budget, including why budgeting is necessary, What is a budget? How to make a business budget, How to make a financial budget, How to make a financial budget, etc.
Edited at 2024-02-06 15:52:35This article discusses the Easter eggs and homages in Zootopia 2 that you may have discovered. The main content includes: character and archetype Easter eggs, cinematic universe crossover Easter eggs, animal ecology and behavior references, symbol and metaphor Easter eggs, social satire and brand allusions, and emotional storylines and sequel foreshadowing.
[Zootopia Character Relationship Chart] The idealistic rabbit police officer Judy and the cynical fox conman Nick form a charmingly contrasting duo, rising from street hustlers to become Zootopia police officers!
This is a mind map about Deep Analysis of Character Relationships in Zootopia 2, Main content: 1、 Multi-layer network of relationships: interweaving of main lines, branch lines, and hidden interactions, 2、 Motivation for Character Behavior: Active Promoter and Hidden Intendant, 3、 Key points of interaction: logic of conflict, collaboration, and covert support, 4、 Fun Easter eggs: metaphorical details hidden in interactions.
This article discusses the Easter eggs and homages in Zootopia 2 that you may have discovered. The main content includes: character and archetype Easter eggs, cinematic universe crossover Easter eggs, animal ecology and behavior references, symbol and metaphor Easter eggs, social satire and brand allusions, and emotional storylines and sequel foreshadowing.
[Zootopia Character Relationship Chart] The idealistic rabbit police officer Judy and the cynical fox conman Nick form a charmingly contrasting duo, rising from street hustlers to become Zootopia police officers!
This is a mind map about Deep Analysis of Character Relationships in Zootopia 2, Main content: 1、 Multi-layer network of relationships: interweaving of main lines, branch lines, and hidden interactions, 2、 Motivation for Character Behavior: Active Promoter and Hidden Intendant, 3、 Key points of interaction: logic of conflict, collaboration, and covert support, 4、 Fun Easter eggs: metaphorical details hidden in interactions.
The underlying logic of business 1-8 8 The underlying logic of budget
1. Why you need a budget
Budget is key to running a business
If you don’t understand budgeting, all your business activities are gambling.
Budget makes goals clearer
Budget makes you better prepared
If you want to succeed in anything, you must plan in advance. If you don't plan, you are gambling on luck.
Budgeting is about using data to guide decisions
Three major functions and four benefits of budgeting for businesses
Three major effects
Budget is a guide to strategic goals
Budgeting enables effective allocation of resources
Budget to achieve smooth internal operations of the enterprise
four benefits
problem found
analyse problem
Find a way to solve the problem
Innovative enterprise development and continuous improvement
Why bosses must understand budgeting
The boss must first understand the bottom line of the company's capital preservation.
The boss also needs to look for the possibility of realizing profits.
Finance is the key to opening up all the lifeblood of the company. Every business operation of the company is completed through finance.
2.What is a budget
budget definition
Budget is the control of results and process
What is the three-step budgeting method?
Step 1: Clear goals
Start-up enterprises: starting from capital budget, the goal is to determine the target market and avoid investment risks
Enterprises in the development stage: Starting from the sales budget, the goal is to expand market share and straighten out the company's internal organizational and management relationships.
Mature-stage enterprises: market-oriented and cost budget as the starting point. The goal is to enhance the enterprise's core competitiveness in the market by reducing costs.
Enterprises in recession: Starting from cash flow, the goal is to maintain market stability and develop new investment projects
Step 2: Find the path
Profit = sales volume × selling price – cost
Sales volume = customer flow × transaction rate
Profit = passenger flow × transaction rate × selling price – cost
Step 3: Prepare resources
Budget categories
business budget
Capital budget
Financial budget
3. How to make a business budget
How to understand a business budget
The starting point of business budget-profit
An important reference indicator for business budget - turnover
Deduced various costs and expenses
Form a budgeted profit and loss statement
How much money can a business spend?
Budget amount upper limit = target turnover - fixed expenses - direct costs - target profit
Where do businesses spend their money?
Looking at functions horizontally
View time vertically
During the discussion, the boss should be the final decision-maker and lead the way forward.
Breakeven sales point and poly profit sales point
Breakeven sales point = fixed cost/gross profit
Poly sales volume = (fixed cost target profit)/gross profit
cost-quantity analysis
4. How to make a capital budget
basic concept
Inventory turnover days: the time from product entry to delivery
Number of days in accounts receivable: the time from when the product is shipped to when the money is collected
Number of days in accounts payable: the time from receipt of goods into warehouse to payment of goods
Fund Budget Formulas and Applications
Funding gap = annual revenue/number of fund turnover
Number of fund turnover = 365/number of days of fund turnover
Days of capital turnover = days of inventory turnover Days of accounts receivable - days of accounts payable
Use capital budgeting to understand the rise of some companies
JD.com, Gome, and Suning have very low capital turnover days, and their companies have grown rapidly.
5. How to make a financial budget
The premise of financial budget - cost accounting
If cost accounting is unclear, business budgets and sales budgets will be inaccurate
Three steps to prepare your budget
Step One: Contribution Analysis
Prepare customer gross profit contribution table
Prepare product gross profit analysis table
Prepare team (individual) contribution analysis table
Step 2: Prepare an expense budget table
Step 3: Prepare a simulated income statement
How to create an annual budget
Set up a budget team
Team leader: boss
Deputy Team Leader: Financial Director
Team members: heads of departments
Hold the first mobilization meeting
Clarify annual goals and target growth
Find out the focus of operations and decompose annual goals
Cost control and performance indicator determination
Department expenses are controllable, including rent, water and electricity bills, wages, bonuses, etc.
The company’s expenses are uncontrollable and must be allocated to departments
Departmental profit = total departmental income – departmental expenses – company expense sharing
Set up reward system