1. Module 5 Graham Royce 2009

4. The Many Roles of the Entrepreneur Manager Leadership Visionary Opportunity Seeker Communicator Technical Leader Customer Advocate Organizer/ Planner Decision-Maker Risk Manager Paperwork Completer Designer Owner Business Manager Process Leader Coordinator Team Builder And many more…

5. 4. Compliance. Report your company’s incomes, expenses, and payroll accurately to the IRS. 5. Insight and Decision Making . Make informed decisions – and price your product or service for profitability – with financial reports 6. Funding. To be considered for a loan or investment, you’ll need complete financial statements. 1. Cash Flow. Track the money going in and out of your business. 2. Manage Customers and Sales. Know and understand your customers through consolidated records. 3. Production. Obtain goods and services. Apply for and establish credit with your vendors. YOUR BUSINESS

8. Cash Flow: Money In and Money Out YOUR BUSINESS Money In Money Out CUSTOMERS Sales Services / Products Out VENDORS Expenses Services / Products In

10. People

17. What ethics means to most people

19. “ Almost all the respondents said they are willing to pay more for shares of companies with ‘good’ governance, and in the case of Indonesia, they said, a 27% premium on the average is appropriate for such a company” World Banking Group Robert Felton –McKinsey & Co “ There is significant evidence from a large and growing body of academic research that there is at minimum a neutral, and quite likely a positive relationship between responsible corporate practices and financial performance” Sandra Waddock – Does ethics correlate positively with company’s profitability?

27. Businesses Ethical Responsibility To Its Stakeholder Owners/shareholders – Rightfully expect some form of return on their investment Employees - Rightfully expect respect for their worth and devoting their energies to firm Customers - Rightfully expect a seller to provide them with a reliable, safe product or service Suppliers - Rightfully expect to have an equitable relationship with firms they supply Community - Rightfully expect businesses to be good citizens in their community

29. Thinking Through Ethical Problems A model of ethical decision making

32. To Succeed Fifteen Things You Absolutely Must Do If Your Business Is To Succeed! (Part One) Brian O’Kane Small business development expert Brian O’Kane looks at what makes businesses successful. Visit our Information Centre http://www.eac.ie/info_centre/documents/BOKSuccessFactors1_000.doc

35. Thank you any questions ?