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MGT601 - SME Management - Lecture Handout 18

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PROBLEMS FACED BY NEWLY ESTABLISHED COMPANY

This lecture will continue with the previous lecture problem and then chapter deals with the teething problem that a newly established company faces.

Cash Flow Analysis

If the projected sales associated financial requirements and available financial resources are known, the anticipated cash flow can easily be determined.

Cash Flow (Projected)

Cash Flow and Financial Transactions Period 1 Period 2
1) Cash flow    
Initial expense    
Fixed investment    
Operating expense    
Total cash outflow    
2) Cash inflow    
Cash sales    
Account receivables    
Total operating inflow    
3) Net cash flow (2-1)    
4) Desired minimum cash balance    
5) Total amount of funds required
[3 (if negative + 4)]
   

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MGT601 - SME Management - Lecture Handout 04

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KINDS OF ENTREPRENEURS
THEIR ROLE AND FUNCTIONS IN AN ENTERPRISE

The lecture is about the kinds of entrepreneurs, their role and functions in an enterprise. It also explains the hurdles they encounter. The overall general profile of Pakistani entrepreneurs and their importance in enhancement of progress.

Kinds of Entrepreneurs

Innovating entrepreneurs

He is the one who introduces something new into the economy or employs a new technique of production.

Imitating Entrepreneur

They lap up innovations originated by the innovative entrepreneurs. They are suited to developing countries which are not able to take up expensive research.

Fabian Entrepreneurs

They are very cautious and skeptical in adopting and implementing any change. They are lazy and shy and lack the will to adopt new methods. They follow the old traditions and avoid risk taking.

Drone Entrepreneurs

Inert and traditional, they are hurdles in economic development. They struggle to exist, not to grow.

Read more: MGT601 - SME Management - Lecture Handout 04