Business and financial goals

 

 

Deliverables for this assignment are:
1. Business Model
2. Financial Goals
The initial stage of your business plan entails taking your vision about your entrepreneurial
venture and establishing a roadmap for creating it through fruition. An integral part of the
business plan is to develop a business model. Simply put, a business model describes how a
company plans to make money. It is not what you do, but how you will make money doing
what you do. The actual financial results come from your company as a money-making
machine (Meyer & Crane, 2014).
A solid business model is the link between the venture strategy and financial plans. Projecting
the financial performance and requirements can be classified as financial goals of the venture.

BUS 557 Syllabus

7 of

A VC will want to know not only the numbers, but how they were derived. This is VERY
important.
There are four (4) key deliverables in the financial planning phase for most ventures:
(a) A five-year detailed projection revenue,
(b) A five-year Pro Forma P&L,
(c) A five-year Pro Forma Cash Flow Statement, and
(d) A five-year Pro Forma Balance Sheet (Meyer & Crane, 2014).
You will need the reports, as well as the analysis for how these numbers were derived and
they mean for your company.
You are to develop a:
1) Business Model (Chapter 5) and
2) Establish Financial Goals (Chapter 9) per the details outlined in this PA and as outlined
in the textbook.

Sample Solution

ter on, one of the most known methods will be discussed in a detailed way. The facial recognition methods that can be used, all have a different approach. Some are more frequently used for facial recognition algorithms than others. The use of a method also depends on the needed applications. For instance, surveillance applications may best be served by capturing face images by means of a video camera while image database investigations may require static intensity images taken by a standard camera. Some other applications, such as access to top security domains, may even necessitate the forgoing of the nonintrusive quality of face recognition by requiring the user to stand in front of a 3D scanner or an infrared sensor[15]. Consequently, there can be concluded that there can be made a division of three groups of face recognition techniques, depending on the wanted type of data results, i.e. methods that compare images, methods that look at data from video cameras and methods that deal with other sensory data, like 3D pictures or infrared imagery. All of them can be used in different ways, to prevent crime from happening or recurring. ii. How do these technologies work? As listed above, there exists a long list of methods and algorithms that can be used for facial recognition. Four of them are used frequently and are most known in the literature, i.e. Eigenface Method, Correlation Method, Fisherface Method and the Linear Subspaces Method. But how do these facial recognition work? Because of word limitations, only one of those four facial recognition techniques, i.e The Eigenface Method, will be discussed. Hopefully this will give an general idea of how facial recognition works and can be used. One of the major difficulties of facial recognition, is that you have to cope with the fact that a person’s appearance may change, such that the two images that are being compared differentiate too much from each other. Also environmental changes in pictures, like lightning, have to be taken into account, in order to have successful facial recognition. Thus from a picture of a face, as well as from a live face, some yet more abstract visual representation must be established which can mediate recognition despite the fact that in real life the same face will hardl

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