Entrepreneurship Didactic Units for crafts - UIPEC Erasmus+ project
- Crafts & Entrepreneurship Didactic Units
- Didactic Unit 1. Introduction to Entrepreneurship
- Didactic Unit 2. Entrepreneur Skills
- Didactic Unit 3. Planning & Management for Entrepreneurs
- Didactic Unit 4.Myths about the entrepreneurship
- 1.1. Entrepreneurs are born, they are not made!
- 1.2. Entrepreneurs are their own masters and are completely independent!
- 1.3. Entrepreneurs are "players"!
- 1.4. Entrepreneurs work more than managers.
- 1.5. Money is the most important thing in an entrepreneurial start-up.
- 1.6. Anyone can start a business!
- 1.7. A valuable entrepreneur succeeds in 1-2 years!
- 1.8. Valuable entrepreneurs are young!
- 1.9. If an entrepreneur has enough starting capital, he cannot miss!
- 1.10. Entrepreneurs are "lonely wolves" and cannot work in team!
- Didactic Unit 5 Improving the Creativity with Canvas Model
- Didactic Unit 6. Crafts Investiment
- Didactic Unit 7. Example of Business Plan
- 7.1 Executive summary
- 7.2 Nature of the business
- 7.3 Competitors
- 7.4 Finances required
- 7.5 Description of the venture
- 7.6 Office equippment and personnel
- 7.6 Operational plan
- 7.7 Marketing plan
- 7.8 SWOT analysis
- 7.9 Organizational plan
- 7.10 Financial plan
- 7.11 Assessment of risk
- 7.12 Keys to success
- Didactic Unit 8. Marketing
- Didactic Unit 9. Job Application Training
- Didactic Unit 10. Analysing ourselves with SWOT tool
- Didactic Unit 11. Looking for money: Sources of Financing
- Disclaimer
3. Selection and value of investments methods
Financial management is the one in charge of choosing the most profitable investments. The company's resources are limited, that is why they need to establish rigorous criteria to make a selection. Basically, all of the criteria used seeks one thing: maximize the profitability of the money invested.
We can find two different methods:
- Static methods
These methods suppose that the value of money is constant throughout time, due to this the cash flows have the same value even though they were created in different time periods.
- Dynamic methods
These methods keep in mind the value of money at the time the flow occurs. For this reason, these methods are more realistic.
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