Business Planning Strategy Development

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Business Planning Strategy Development

Imagine you enter an elevator on the ground floor with an effective Business Capitalist. You smile and the Business Capitalist asks, and what do you do? Before you reach the 10th floor, what do you say? What is your business? Who’s the customer? What is the Value/Benefit of your proposition? What is the price? What is your competitive benefit? Who distributes your product or service? What is your sustainability? What is your exit/succession strategy? Are you broadcasting on the FM or AM music group? Are your listeners tuned into AM radio WWD (What we do)? Or are they tuned into FM radio WIIFM (What’s in it for me)? You have my attention Now!

Taxes, special assessments, levies, fines, and other such earnings raised by a non-Federal entity are not program income unless the revenues are specifically discovered in the Federal award or Federal awarding agency rules as program income. Usage of program income. If the Federal awarding agency does not identify in its regulations or the conditions and conditions of the Federal prize, or give preceding authorization for how program income is to be used, paragraph (e)(1) of the section must apply. Deduction. Ordinarily program income must be deducted from total allowable costs to determine the net allowable costs.

Program income can be used for current costs unless the Federal awarding agency authorizes normally. Program income that the non-Federal entity did not anticipate during the Federal honor can be used to reduce the Federal honor and non-Federal entity contributions rather than to increase the funds committed to the project. Federal award by the Federal agency and the non-Federal entity.

The program income must be used for the purposes and under the conditions of the Federal award. Cost sharing or matching. With prior approval of the Federal awarding agency, program income may be used to meet up with the cost sharing or matching requirement of the Federal award. The quantity of the Federal award remains the same. Income after the period of performance.

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There are no Federal requirements regulating the disposition of income earned after the end of the time of performance for the Federal award, unless the Federal awarding agency regulations or the conditions and conditions of the Federal award provide otherwise. The Federal awarding agency may negotiate agreements with recipients regarding appropriate uses of income earned following the amount of performance within the grant closeout process. See also §200.343 Closeout. §200.308 Revision of budget and program plans. The approved budget for the Federal award summarizes the financial aspects of the project or program as approved through the Federal award process.

It can include either the Federal and non-Federal talk about (see §200.43 Federal share) or only the Federal share, dependant on Federal awarding agency requirements. It must be related to performance for program evaluation purposes whenever appropriate. Recipients must record deviations from budget or project range or objective, and demand prior approvals from Federal government awarding organizations for program and budget plan revisions, relative to this section.

Change in an integral person specified in the application or the Federal prize. The disengagement from the task for further than three months, or a 25 percent reduction in time specialized in the project, by the approved project director or primary investigator. The transfer of funds budgeted for participant support costs as defined in §200.75 Participant support costs to other categories of expense.

Unless described in the application and funded in the approved Federal honours, the subawarding, transferring or contracting out of any ongoing work under a Federal government award, including set amount subawards as explained in §200.332 Fixed amount subawards. This provision will not apply to the acquisition of items, materials, equipment or general support services. Changes in the approved matching or cost-sharing provided by the non-Federal entity. The need arises for more Federal funds to complete the project. No other preceding acceptance requirements for specific items may be enforced unless an exemption has been approved by OMB.