Small business: Planning, finance and control

1989 ◽  
Vol 21 (4) ◽  
pp. 391
Author(s):  
Robert Watson
Keyword(s):  
Small Business ◽  
Business Planning ◽  
And Control

scholarly journals Big data-driven stochastic business planning and corporate valuation

2018 ◽  
Vol 15 (3-1) ◽  
pp. 189-204 ◽  
Author(s):  
Roberto Moro Visconti ◽  
Giuseppe Montesi ◽  
Giovanni Papiro
Keyword(s):  
Big Data ◽  
Research Question ◽  
Predictive Ability ◽  
Cash Flows ◽  
Data Driven ◽  
Business Planning ◽  
Information Asymmetries ◽  
Methodological Innovation ◽  
Set Up ◽  
And Control

The research question of this paper is concerned with the investigation of the links between Internet of Things and related big data as input parameters for stochastic estimates in business planning and corporate evaluation analytics. Financial forecasts and company appraisals represent a core corporate ownership and control issue, impacting on stakeholder remuneration, information asymmetries, and other aspects. Optimal business planning and related corporate evaluations derive from an equilibrated mix of top-down and bottom-up approaches. While the former follows a traditional dirigistic methodology where companies set up their strategic goals, the latter are grass-rooted with big data-driven timely evidence. Real options can be embedded in big data-driven forecasting to make expected cash flows more flexible and resilient, improving Value for Money of the investment and reducing its risk profile. More accurate and timely big data-driven predictions reduce uncertainties and information asymmetries, making risk management easier and decreasing the cost of capital. Whereas stochastic modeling is traditionally used for budgeting and business planning, this probabilistic process is seldom nurtured by big data that can refresh forecasts in real time, improving their predictive ability. Combination of big data and stochastic estimates for corporate appraisal and governance issues represents a methodological innovation that goes beyond the traditional literature and practice.

scholarly journals ANALISIS MANAJEMEN RISIKO PEMBIAYAAN MUSYARAKAH PADA BAITUL QIRADH BINA INSAN MANDIRI BANDA ACEH

2014 ◽  
Vol 3 (1) ◽  
Author(s):  
Badratun Nisak ◽  
Azharsyah Ibrahim
Keyword(s):  
Risk Management ◽  
Small Business ◽  
Management System ◽  
Business Group ◽  
Business Risk ◽  
Risk Management System ◽  
And Control ◽  
Banda Aceh ◽  
Monitor And Control

Risk management is a set of procedures and methodologies that used to identify, measure, monitor, and control risks that could be aroused from the business of banks. This article aims to analyze the implementation of risk management system at Baitul Qiradh Bina Insan Mandiri and its impact on musharaka financing. The sample for this research is Micro Small Business Group at Kuta Alam’s regency which was financed by the Baitul Qiradh. Data for this research was gathered through interviews, observation, and documentation study. The findings suggest that there were three risk possibilities that could escalate at the financing project, namely business risk, shrinking risk, and character risk. Among these risks, the Baitul Qiradh experiences two of them, which were business and character risks. Therefore, the efforts were made to minimize the risk of Baitul Qiradh Bina Insan Mandiri by applying the 5C concept, namely character, capability, capital, condition, and collateral). ========================================================================================================Manajemen risiko adalah serangkaian prosedur dan metodologi yang digunakan untuk mengidentifikasi, mengukur, memantau, dan mengendalikan risiko yang timbul dari kegiatan usaha bank. Tujuan penelitian adalah untuk menganalisis sistem manajemen risiko yang diimplementasikan pada Baitul Qiradh Bina Insan Mandiri dan dampaknya terhadap kelancaran pembayaran dalam pembiayaan musyarakah. Pembahasan kajian hanya terfokus ke manajemen risiko pembiayaan musyarakah pada kelompok usaha dalam Rumpun Kuta Alam yang dibina oleh Baitul Qiradh Bina Insan Mandiri Banda Aceh. Pengumpulan data dilakukan dengan wawancara, observasi, dan studi dokumentasi. Hasil penelitian menunjukkan bahwa dalam melakukan pembiayaan tersebut Baitul Qiradh Bina Insan Mandiri tidak terlepas dari kemungkinan terjadinya 3 aspek risiko, yaitu: risiko bisnis yang dibiayai (busness risk), risiko berkurangnya nilai pembiayaan (shrinking risk), dan risiko karakter buruk mudharib (character risk). Dari ketiga aspek risiko tersebut, risiko pembiayaan musyarakah yang muncul dalam tiga kelompok usaha pada Rumpun Kuta Alam adalah risiko bisnis yang dibiayai (business risk) dan risiko karakter buruk mudharib (character risk). Upaya yang dilakukan untuk meminimalisir risiko tersebut, Baitul Qiradh Bina Insan Mandiri menerapkan secara ketat konsep 5C yaitu karakter (character), kapasitas atau kemampuan (capacity), modal (capital), kondisi (condition) dan jaminan (collateral).

Establishing a retro-marketing rental company

2018 ◽  
Vol 19 (2) ◽  
pp. 125-133
Author(s):  
Justin O’Brien
Keyword(s):  
Small Business ◽  
Contextual Information ◽  
New Ventures ◽  
Business Planning ◽  
Female Entrepreneurs ◽  
Service Concept ◽  
Teaching Case ◽  
Start Up ◽  
Management Students

‘Establishing a retro-marketing rental company: VW Kamper’ is a teaching case study primarily targeted for postgraduate and advanced undergraduate entrepreneurship, marketing and management students who are seeking to learn a range of small business start-up business planning and evaluation methods. The case draws theoretically on the brand revival characteristic framework of Brown, Kozinets and Sherry to consider the allure of renting a nostalgic Volkswagen (VW) campervan for a glamorous camping experience while relating some of the growing literature pertaining to the challenges faced by female entrepreneurs. The case provides financial and marketing contextual information to practically engage students with an intriguing and authentic motorhome rental service concept to help develop financial reasoning skills related to new ventures and risk.

Business planning as pedagogy: language and control in a changing institutional field

2010 ◽  
pp. 152-164
Author(s):  
Leslie S. Oakes ◽  
Barbara Townley ◽  
David J. Cooper ◽  
Gerry Johnson ◽  
Ann Langley ◽  
...  
Keyword(s):  
Business Planning ◽  
Institutional Field ◽  
And Control

The Use of Accounting Information in the Small Business Firm's Planning and Control Process

1980 ◽  
Vol 4 (4) ◽  
pp. 44-57 ◽  
Author(s):  
Patrick M. Dunne ◽  
Dee E. Ezell ◽  
Arthur T. Roberts
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Accounting Information ◽  
Control Process ◽  
Policy Formulation ◽  
Financial Accounting ◽  
Business Managers ◽  
Planning And Control ◽  
Current State ◽  
And Control

The need for information relative to the current state of business affairs and the potential impact upon operations including future opportunities should be recognized, both in planning and execution of plans. The use of accounting information as a basis for necessary analysis and interpretation is relatively simple and effective approach for small business managers. This article details the utlization of modularized contribution margin income statements and their contribution to the decision-making and policy formulation processes. The segmented approach to financial accounting and reporting affords the level of visualization and control that small businesses require.

EFFECTS OF FORMAL PLANNING AND CONTROL ON GROWTH: A CASE STUDY APPROACH

1995 ◽  
Vol 03 (02) ◽  
pp. 161-195
Author(s):  
CLAUDIO A. ROMANO ◽  
JANEK RATNATUNGA
Keyword(s):  
Small Business ◽  
Control Systems ◽  
Small Firms ◽  
Firm Growth ◽  
Control Process ◽  
High Growth ◽  
Exploratory Research ◽  
Contextual Variables ◽  
Planning And Control ◽  
And Control

While planning and control and their impact on small firm growth are implicit in many academic discussions, much of our understanding of these phenomena are based on speculation and opinion. Thus, they seem neglected areas of small business research. This paper seeks to improve the understanding of formal planning and control systems and their relationship to the growth of small business in Australian manufacturing. First, a framework is developed which incorporates the main contextual variables which independently and simultaneously have been shown to have a major relationship with growth. Second, the study provides empirically-based qualitative evidence to further the understanding of causality in the growth of small business by focusing on how formal planning and control systems are embedded within the external or internal contextual variables of small business and the characteristics of their management. Evidence is also provided as to the conditions and circumstances under which formal planning and control are likely to be most effective in controlling the effects of contextual variables, and to the differences between high growth and low growth firms in the use of formal planning and control. The findings of this study are important for two principal reasons. First, it has provided the opportunity to conduct exploratory research into how a small business is managed within the context in which the processes are applied. Second, it has provided the opportunity to identify factors which encourage or discourage small firms to plan, thus providing a better understanding of the planning and control process adopted by small firms.

scholarly journals DEVELOPMENT OF BUSINESS PLANNING IN THE FIELD OF FINANCIAL AND CREDIT SUPPORT FOR SMALL BUSINESS

2020 ◽  
pp. 140-148
Author(s):  
Sergiy Sergiychuk ◽  
Olena Ishchenko ◽  
Iryna Dubynska
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Financial Risk ◽  
Main Tool ◽  
Business Plan ◽  
Individual Investors ◽  
Business Planning ◽  
Money Markets ◽  
New Business ◽  
Theoretical Generalization

Introduction. Real difficulties with financing are today one of the main problems for small business in Ukraine. Lack of sufficient capital in the majority of the population, complexity, disadvantage or inability to obtain borrowed funds hinder the development of small business. Dependence on domestic sources of funding, the problem of lack of financial resources, difficult access to financial and money markets, high levels of financial risk, limited material resources and capacity, low output - all indicate that small business needs real financial support from the state, commercial banks, venture firms and individual investors. The purpose of the article is to study and identify ways to implement business planning in the field of financial and credit support for small businesses. Method (methodology). The general scientific methods, in particular theoretical generalization - for generalization of types of the initial capital and features of financing and business planning of the enterprise idea are applied in the researched; systematic economic analysis - to justify the types of financing and the required level of business planning, which must have a future entrepreneur. Results. The prepared business plan helps start-up entrepreneurs at every stage of starting and managing their business. It can be used as a roadmap for structuring, running and developing your own business. This is a way to think about the key elements of a new business. A business plan helps to obtain financing or attract new business partners. Investors want to be sure that they will return their investment. This is the main tool of an entrepreneur to convince people to work together and invest in the development of a promising company.

Managing Collective Knowledge at a Small Business Group (VID Group)

2017 ◽  
pp. 316-341
Author(s):  
Zoltán Véry
Keyword(s):  
Small Business ◽  
Business Group ◽  
Personal Knowledge ◽  
Factual Knowledge ◽  
Collective Knowledge ◽  
Collective Work ◽  
Pluralistic Approach ◽  
The Individual ◽  
And Control ◽  
Insight Into

Personal knowledge is the construction of the individual. It is the context of factual knowledge and experience. Collective work, thinking, writing requires adaptation, adjustment, coordination. The VID SME Group demonstrates the significance of collective knowledge, as the group is dominated by diversity, manifold ordering, but also by the maintenance and coordination of plurality. The present paper provides the framework and the praxis of the plural management of collective knowledge, hence allowing for the attainment of the approach and thinking lying therein. Following an overview of the background of the adopted systemic, pluralistic approach, the paper gives insight into the VID Group's systemically, corporally-corporately and textually ordered architecture, into its management and control praxes of collective knowledge, but it also presents the business group's principles, tasks, networks, its functional ordering and connections.

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