Section 1: setting up a business

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Programme

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What do you need in your business plan?

Investment budget

How much money do we need to start ouw own company?

Goods in stock vs inventory

Goods in stock: Quantity of products currently held in stock

Inventory: all the finished goods that are used inproduction.

Difference between stock and inventory of a shop? Give two examples of each.

Profit and loss budget

Overview of the expected future costs and returns.

How much money am I going to earn?

Gross profit and net profit

Turnover - cost of sales = gross profit

Gross profit - operating costs = net profit

Name two operating costs for a kebab business

More definitions

VAT: cost price increasing tax (value added tax)

Max sells French fries for 3.54 excluding 9 % VAT. Calculate the price including VAT.

Mirte sells a botlle of Cola for 1.90 including 9 % VAT. Calculate the price excluding VAT.

Financing plan

Where do I get the money from?

From others -> debt capital

From yourself -> equity

Disadvantage of having a lot of debt capital?

Why do business use debt capital despite the disadvantages? Give two reasons

Homework 

Make the following questions:

2,3,6,7,8,10,11,12,13 and 14!

What about marketing?

Which word below is not from the 5p's of marketing?

1. price
2. product
3. place
4. potential

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