Geneec

Training (practical and free) in how to become a successful businessman

This subject makes our youth and every ambitious man to live in experiences climate of businessmen who have become so successful in their business but in practical way and without pay for these experiments (for free) all that is required from you in this training to have imagination of project which you wish to establish in the future.

Stages of training

First: Stage of imagination: you must imagine your next project and identify the following four elements:

1- What is selling price of product of your project =?

2- What is the cost (or purchase price) of the products of your project=?

3- What are the total general expenses of your project over the full year or the production cycle (eg. Salaries – rent – electricity and water – stationary – depreciation…etc.) = ?

4- Total value of the assets and in your case the value of the project capital =?

Second: Prepare budget:

enter the previous four elements (sale price – purchase price – general expenses – capital) in the following form (Practical Budget) the budget will be shown the following:

Sales value = xxx

Minus (-) the value of purchases = xxx

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Gross profit = xxx

Minus (-) general expenses = xxx

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Net profit = xxx

As you see, you will know how much you gain when you sell the specified value in the budget.

Third: Know how to manage your project:

enter the values (sales, purchases, general expenses and capital), which appeared in the previous budget in the following form ( Practical Evaluation ) you will see the administrative constitution which should be guided with in the management of the project as well as the advantages and disadvantages of your project.

Fourth: Dealing with banks:

imagine that your project needed to finance from the bank, know if borrowing from the bank will be good for you or not, through entering the following data to the following form ( Practical Credit Budget )

1- Sale Price of products of project =?

2- Cost (or purchase price) of the products of your project =?

3- Share of this product (or products) from the total general expenses over the full year or production cycle =?

4- Share of this product (or products) from the value of the debit interest which it will be paid to bank annually =?

5- The value of the total assets and in your case the value of the project capital in addition to the value of the loan that is taken from the bank =?

Here you will find out the new profits as a result of the new loan and the sales volume required to be sold to cover the debit interest.

Fifth: Granting discounts on the sale price of your products:

imagine that you want to activate your project and compete with others and you want to give discounts on sale price through this form ( Practical Sale Discount Budget ), in this form you will recognize the authenticity of your decision in granting such discounts or not. You just enter the following:

1- Sale price of products of project before discount =?

2- Sale price of products of project after discount =?

3- Cost (or purchase price) of products of your project =?

4- Share of this product (or products) from the total general expenses over the full year or production cycle =?

5- The value of the total assets and in your case value of the project capital =?

Here you will know the value of the increase in sales as a result of discount to achieve the same previous profitability and are you able to market this increase or not.

Sixth: what do you do when you know that the cost of the product or the price of its purchase has risen?

imagine that the purchase price of the product or its cost may be increased, how to behave. Know the decision through the following form ( Practical Cost Increasing Budget ) you should enter the following data in the following form:

1- Sale price of products of project =?

2- Cost (or purchase price) of products before increasing the cost of your project =?

3- Cost (or purchase price) of the products after increasing the cost =?