Strategic Planning in the Small Business

Unit 1

HO 1-2 (continued)

"   Who is

the banker?

" Who are

other key outsiders?

Describe

Special Services/Assis,nce

Provided

" Accountants/Taxes

"

Planning

" Organizing

" Financial

management

" People management

" Time

management

"   Personal

selling

• Promotion

" Decision-making

" Cost

control

"

Personnel policies

"

Pricing

RECORDS

Describe
AccountingBookkeeping

System

"   Who will

be responsible

for maintaining

all business records?

"   What accounting

procedures

will apply?

• 
  

  Cash v.
  Accrual

  
  


• 
  

  Double
  entry
  v. "One-write"

  
  

"

What 12-month

period will serve

as the fiscal

year?

"   Who

will prepare

the financial

statements?

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