ENT Analyzes of finances

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What are some ways entrepreneurs might use online tools to gain a competitive advantage?
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Slide 1: Slide
EntrepreneurshipSecondary Education

This lesson contains 13 slides, with interactive quizzes, text slides and 1 video.

time-iconLesson duration is: 60 min

Items in this lesson

Answer in the chat box.
What are some ways entrepreneurs might use online tools to gain a competitive advantage?

Slide 1 - Slide

Chapter 21.2
Managing your finances
Pages 494-501

Slide 2 - Slide

Objectives
Summarize aspects of managing costs 
Analyze the method of managing costs
Discuss a budget and its importance


Slide 3 - Slide

Introduction
Business owners must find the big difference between your costs and the industry average, you should investigate and identify possible problems

Slide 4 - Slide

Imagine that you own your own business. Brainstorm the aspects of a company’s finances that you think you will need to manage.
timer
5:00

Slide 5 - Open question

What are the different ways you can control costs? Describe each in detail.

Slide 6 - Open question

Think of other ways to control costs in a business than given in the book. What are some things you can do to conserve energy?

Slide 7 - Open question

Business owners are constantly trying to find new ways of cutting costs, which help them manage their finances

Slide 8 - Slide

Slide 9 - Video

What is meant by a budget?

Slide 10 - Mind map

How important it is for you to have and keep a budget. Consider the importance of businesses having and keeping a budget. Explain
consequences of exceeding your budget for a business.

Slide 11 - Open question

Using data from previous periods, a projected income statement, also called a ____________________.

Slide 12 - Mind map

Give the main points of the lesson.

Slide 13 - Mind map