Archive for September 22nd, 2009

• Executive summary

  Date: 2009.09.22 | Category: Business | Response: 0

  You will have to decide, perhaps with your accountant whether labor, operational overheads, funding or other costs that may be directly related to producing your product should be included in the cost of goods figure. As the business plan concept being recommended is following the KISS principle, (Keep It Simple), separating the various overhead cost factors avoids complex allowances and allocation which can be beneficial for a commencing business with an initial business plan. When established, the more sophisticated accounting and allocating procedures would justifiably be installed. Read the rest of this entry »