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ARE 5.0 Practice Management Exam Prep
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Business Plan - Management Summary and Financial Plan
3m 21s
In this ARE 5.0 Practice Management Exam Prep course you will learn about the topics covered in the ARE 5.0 PcM exam division. A complete and comprehensive curriculum, this course will touch on each of the NCARB objectives for the ARE 5.0 Practice Management Exam.
Instructor Mike Newman will discuss issues related to pre-contract tasks including negotiation, human resource management and consultant development.
When you are done with this course, you will have a thorough understanding of the content covered in the ARE 5.0 Practice Management Exam including business structure, business development, and asset development and protection.
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So obviously, when you're doing projections, you're making it as best guess as you can, and you're trying to make sure that it seems reasonable that you will actually have a cash flow. It doesn't always work the first year. Things get a little complicated, but the idea is that you get it to work over a span of time, and you want to be making reasonable expectations on your business plan so that you're not forcing yourself into a complicated and difficult situation.
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