SIBM Spartina Internet Business Model: Manage Cash, Increase Revenue, Grow Profit

Size: px
Start display at page:

Download "SIBM Spartina Internet Business Model: Manage Cash, Increase Revenue, Grow Profit"

Transcription

1 Copyright2009Spartina Beta 1 SIBM SpartinaInternetBusinessModel: ManageCash,IncreaseRevenue,GrowProfit CongratulationsonchoosingtorunanInternetbusiness.Itisquiteunlikeanyother,withreal time feedback,andtheuniquefeatureofbeingabletoscaleandgrowwithlimitedcostsinhuman resourcesandfacilities.thisfinancialmodeladdressestheuniqueaspectsofyourinternetbusiness. Revenue&Costs AkeydifferentiatorforInternetbusinessesisthatrevenuesarebasedontraffic.Yourfinancialmodel musttakeintoaccountandforecasttrafficaccurately.therevenueforecastingisafunctionofhow thetrafficconvertstovariousmonetizationactivities,suchasauserclickingonagoogleadsensead placementorbuyingasubscription.webelieveallinternetbusinessesshouldlookattheirtotal revenuedividedbytheirtotalvisitorstoderivearevenuepervisitor(rpv).yourmissionisto growtrafficandoptimizeconversiontoincreaserpv. ThecoststructureofanInternetbusinessisalsounique.Youhavemanyadvantages:thecompany canbevirtualtostart.youmay onlyneedamacbook, astheadsays,tostartit.developmentcosts arelowwithadvancedsoftwaredevelopmentenvironments(rubyonrails)andopensourcetools readyforofftheshelfintegration.youshouldbeemployeeefficient,sincethetechnologythatyou buildtorunwebsitecanbeleveragedforusebyanyhumanresources. FinancialModel AtSpartina,ourgoalistorunabusinessatthelowestcostwithoutjeopardizingthebusiness opportunity.wehavecreatedacustomizablemodelanduseditsuccessfullyacrossmanydifferent Internetcompanies. Themodelisdesignedtohelpyoufocusandthinkabouttherightleversthatbringyoutocashflow breakeven,and,thenhelpyouscaletolargeprofits. Inthisdocument,wewillgothroughthevariousworksheetsthatyouwillengagewith.Thereare alsoinstructionswithinthespartinainternetbusinessmodel(sibm)spreadsheetaswell.the purposeofspreadsheetismodeling/forecastingyourbusinessandcreatingabudget,whichyoucan thentransferintoyouraccountingsystemifdesired. Themodelisbasedona12 monthperiod,andnotnecessarilytiedtoyourfiscalyear.youcan transfertheappropriatedatatoafiscalyearwhenyousetupyouraccountingsystem. Inthemodel,youwillfindcellshighlightedinYellow:thesearetheoneswhereyouwillbeentering information.theothercellsarederivedfromyourentereddata.instructionsareprovidedingreenhighlightedcells.inthisdocumentweboldorunderlinewordsthatrefertocellsinthespreadsheet. WhenyouarereadytousetheBusinessModel,werecommendthisorder: Step1:ForecastyourtrafficonTrafficWaterfallsheet(Row4,allacross) Step2:GotoRevenueandfilloutthenumbers. Step3:Thinkabouthowmanypeopletomeettheheadcount;FillintheHeads,forecastheadcount. Step5:GototheBudgetSheet Step6:CompleteCashWaterfall alwaysknowwhenyouwillrunoutofcash. Step7:Gotoline10ofRollupandaddgrowthrates.

2 Headcount Themodelstartswithheadcount,theHRresourcesthatyouneedtodeliveryourbusiness.The principleistobeasleanasyoucan.(seeourarticleonstaffing)leanstaff=moreefficient communication=higherproductivity. Yournumberonejobistohiregreatpeopleandwaitifyouareeverunsure.Ofcourse,every companywantsthat.butforaninternetcompany,onegreatprogrammerisbetterthanthreegood ones.one rockstar developergivestheprogrammercompletecontrol,andtheycanworkwith superefficiency.severalofourpartnercompanieshavebeencreatedwithactothatcodes, producingamazingresultsintimetomarketandproductevolution. Inoursamplecompany,weindicate3 people.adjustthisbasedonyour situation. WeincludeanoptionalBonusreserve percent.ifyouareplanningonpayinga bonusattheendofyear,youshould accrueforit,soyousetasidemoney.it s notgoingtoaffectyourcashbutyou knowthatitisatruecost.weinclude thisinthemodelandinthebudget.in addition,pleaseaccruetheamountin youraccountingsystem. ThereisalsoalineforTaxesand Benefits.Youcouldmodifythisand includeanindividuallineforeachofthe taxes(city,state,federal).inourmodel,weuseanestimateforallthetaxes.therangefortaxesis 11% 18.5%dependingonthelocation,andwhetheryouhavealocalorcitytaxaswell. Benefitscanbeashighas15 33%onceyouprovidehealthinsuranceanda401kplan.Notethatin thelongrun,therealpriceofanemployee,includingbenefits,administrativeoverhead,etc.isalmost doublewhatyouarepayingoutincash.however,asastartup,oftenthesecostsarenon cash,since youmaybeofferingstockincentives,andnotofferingbenefits,etc.(seespartina.comcompensation articles). Inyouraccountingsoftware,besuretoaccruewhatactuallygetsdebitedandwhattheforecast numberis,sothatyoucanaccruetaxesandbonusescorrectly. AllthefiguresintheheadcountworksheetautomaticallyrolluptotheBudgetworksheet,whichis thenextplaceyouneedtoentersomedata. Copyright2009Spartina Beta 2

3 Copyright2009Spartina Beta 3 BudgetWorksheet: Staff:Thefiguresforthislineareautomatically transferredfromtheheadsworksheet. Consultants:Inadditiontoemployees, consultantsareawaytogetbestqualitywork done,beefficientandnothaveemployee overheadforsomethingyoudon tneedonafulltimebasis.typicallyyouwillneedconsultants forfinance,legal,additionaltechnology,content, andwebdesign.eachofthesecategories fluctuatesintheamountthatyouneedandwhen youneedthem. Ourspreadsheetconsidersconsultantsasvirtualstaff,whichiswhytheyareupatthetopofthe spreadsheet.however,inaccountingterms,eachoftheconsultantsmightbedistributedacross categories,suchasproductdevelopment(forwebdesign)etc.weleaveittoyoutosetupthe accountingsystemtoworkbestforyou. Financialconsultantsincludeyourbookkeeperandaccountant.Expecttospend$250 $1,500/month onthiscategory,dependingonwhatishappeningatanygiventime.forexample,taxreturnswill costabout$1k $5kdependingonthecomplexity,andagoodbookkeeperforafewhoursaweekwill costabout$50/hr. Weamortizetheseexpensesovertheyear.Ifyoujustputthecostinthemonth,i.e.,taxreturnsin April,thenyoudon tgetatruesenseforagivenexpense. Ifyouaretryingtomanagethecash(i.e.,puttingyouractualsintothisspreadsheet)thenyoumight groupthemaroundwhentheyoccur.butinthebeginningit shelpfultogettheoverviewofwhatit willcosttodoyourbusiness.weencourageyoutouseyouraccountingsoftwarefortheactuals. LegalConsultants:Itisreallyimportanttodothingsright;fixingthingscostsmoreinthelongrun here.oursecondfavoritequoteseeninanautopartsstore,is Theinconvenienceofpoorquality lingerslongerthanthethrillofabargain. Getlegalhelpfrompeoplewhoknowstart upsandwilldothingswithanot to exceedquote. However,youcanstillexpecttospendafairamountofmoney,especiallyifyouaredoingafunding event,issuingstockoptions,orenteringintosignificantagreementswiththirdparties. Whenyouworkwithalawyer,getatemplateagreementsoyoudon tneedthelawyereverytime. Forexample,consultantagreementscanbedrawnuponcebythelawyer,andthenusedrepeatedly. Theoneexceptionisstockoptions.Youreallywantthemtoissueallthepaperwork,becauseifyou doitwrong,youwillpaymultiplepeopletotrytofixit. Tokeepfundingtransactioncostsdown,seeSpartina.comlinktoYCombinatorformsandourarticle onconvertiblenotes. Technology:Thislineitemisforadditionalprogrammerservicesthatareeasilyoutsourced.Ifyou aredoingeverythingwithasingleemployeeyoucandeletethisline. ContentandEditorial:ThisisalsoauniquepartofInternetbusiness.Contentdrivestraffic.Every websiteshouldhaveameaningfulamountofcontentandit sdevelopmentshouldbeon going. Additionally,aneditorialeyeisessentialforreadabilityandmeetingcompanystandardsand philosophy.bothofthese,thecontentwriting(orsourcing)andtheeditingcanbecontractedout.

4 Copyright2009Spartina Beta 4 WebsiteDesign:Priortothedevelopment,besureyouhavedesigned,andtestedseveraldesignsfor usability.outsourcethedesignerratherthanhavingafull timeemployee. Marketing:Thislineitemrelatestomarketingconsultants(othermarketingcostsarefoundbelow.) ThekeytosuccessinanInternetbusinessisSearchEngineOptimization(SEO).Assoonasthesiteis nearingcompleting,itisessentialforaqualifiedseoconsultanttolookatitandmake recommendations.thisisagreatservicetooutsource.inaddition,noneedtohaveanin housepr team.therearemanyon lineservicesactingasnewswiresthatcandisseminateyourpressrelease. Youmayalsocontractoutthewritingofpressreleasesandads.Weencourageyoutomakedirect mediacontact;ablogisonegreatwaytodothis. Marketing:PaidTraffic.Buyingtraffic fromgoogle,yahoo,facebook.youwant mostofyourtraffictocomefromseo, butyoumaywanttotestterms,or jumpstartthecompany.thispaidtraffic figurecomesupfromtherevenue Worksheet,describedinthenextpart inthisseries. Operations: Hosting:ThisisacostuniquetoInternet businesses.managedhostingsolutions arepreferableoverbuyingboxesand puttingthemsomewhere.engineyard, Slicehost,andAmazonCloudofferings areexamplesofmanagedhosting. Withco locatedhosting,ultimatelyyoupaymorebecauseyouneedmoreadministrativepeopleand youhaveabiggerriskwhenthesystemgoesdown.managedhostingsolutionsarealsoamore scalablesystem.whenyourtrafficrampsup,youdon thavetobuyadditionalhardware,depreciate it,etc.itsimplifiesthebusinessmodel.yes,youdopaymoreintheshorttermbut Phone:Ifyoucanjustusecellphones,doit.Ifyouneedaphonesystem,itcouldbeasmuchas $50/employee/month.It snotcheap!voipservicesareworthlookingat.inreality,youusethe phonelessandless,andwithaninternetbusiness,evenyourcustomerservicecanbeonline.we recommendringcentralandonebox. Rent:Ifyoudon tneedanoffice,don tgetone.it sahassle.youthinkitmightbecheapbutthenyou havetodealwithgeneralliabilityinsurance,furniture,cleaning,utilities,security.abettersolutionis tomeetwithyourpeopleatacoffeeshoporyourlawyer sconferenceroom.wefoundthatrenting thefully servicedofficespacesaretooexpensive,andyoupayforservicesyouprobablydon tneed, likesophisticatedandcostlyphones;kitchenamenities,etc. OfficeInternet:Youmaynotneedit,butifyoudoshopwithyourphoneproviderfirst,orcable company. SaaSServices:(ApplicationServiceProviders,orSoftwareasaService) thingssuchasbill.com, GoToMeeting,EarthclassMail,PayCycle everythingthatyouarepayingbythemonththatisan internet basedbusinessservices.ifyoulike,youcanaddrowsforeachproductyouareusing,or trackthemallononerow.forreviewsofsaasproducts,visitcoolbizapps.com. SoftwareLicensesareanysoftwarethatyoupurchasetorunyourbusinessorbuildyourproduct MSOffice,WebAppBuildingtools.

5 SmallEquipment:Thisisyourbudgetfortheyear,otherthanitemsover$2,000,whichcomelater undercapitalexpenses. Thenextlinesareobvious:Supplies,OfficeFurniture,Conferences/Tradeshows,Dues/Subscriptions Insurance(seearticle.)StartwithGeneralliability,under$500ayear.Asyougrowandtakeoutside investments,youwillneeddirectors&officersinsuranceat$5,000ayear. Entertainment:It simportanttohavefun.weencouragegivingthebudgettoyouremployeesandlet themdeterminethefunthingstodowiththesefunds. CapitalExpenses:Forexample,ifyoudecidetohostthesiteyourself,youwouldneedtoincludethe costoftheservers.wegenerallyexpenseitemsunder$2,000,whichincludesmostdesktop computers. BottomLines:AtthebottomoftheBudgetWorksheet,weaddafewusefulfigures.First,the standardgrossprofit,bysubtractingthemarketingcosts,andthen,netprofit.(readourarticleon BigProfits.) CashonHandisacalculationthat helpsyougaugeyourcashposition, startingwithyourinitialcash,and thendeductingoraddingtheprofitsor losses.inourexample,$100,000 wouldbeenteredbytheuser,butit willreflecttheactualstartingcash.newinvestmentiswhenyoureceivenewinvestmentmoney.it thengetsfactoredintoyourcashposition. Thenextworksheet,Revenuewillshowuswheretherevenuefigurescomefrom. Copyright2009Spartina Beta 5

6 Copyright2009Spartina Beta 6 RevenueWorksheet InanidealInternetbusiness,youwillhavemultiplerevenuestreams.Themoreyouhave,themore likelythebusinesswillsucceed.thesibm(spartinainternetbusinessmodel)allowsformultiple revenuestreams,suchasdigitalsubscriptions,advertising,affiliates,andothers. Eachrevenuestreammonetizesatacertainrate.Somemonetizebyvisitorsandsomebypageviews. Forexample,subscriptionsareusuallycalculatedbasedonthenumberofvisitors: SubscriptionRevenue$=Price*%Conversionrate*Numberofvisitors TheuniquefeatureoftheSIBMistheabilitytotrack/estimaterevenueflowsfromvisitorstoyour websitebasedontheirmonetizationaction.therearemultiplemonetizationactionsthatdescribe howvisitorsconverttorevenue. AllofthiscomplexityofyourbusinessforecastishandledintheRevenueandTrafficForecast Waterfallworksheets. Revenuebeginswithtraffic,whichcomesfroma TrafficForecastWaterfallworksheet. Inourmodel,weassumeinmonthone,youget 500visitors,andthateachvisitorvisits2pages. Thisyields1,000pageviewswheretheycould generateamonetizableaction,suchasclicking onaffiliatelinkoradsensead.theycouldalso buysomething,suchasasubscriptionorecommerceitem. Eachrevenuestreamhasaconversionrateat whichitoccurs.theconversionrateiswhere yourfocuswillbe,andyourgoalwillbetodrive therateup.ingeneral,youwouldstartyour modelatalowpercent,(i.e.,alowrateof conversions).intheabovemodel,weassume.5%ofpageviewswillgenerateaclick.asyougetactualdata,adjustyourforecastgoingforward. GoogleAnalyticscanhelpyoutrackconversions. CPM(displayadvertising)isanotherrevenuestream.Inthiscase,youwouldjoinanadnetwork (Glam,etc.),andtheypaybasedonthenumberof1,000sofpageviews.Yousellsomeonea percentageoftotalpageviewsforthedisplayadvertisingplacement.sointhispartofthe spreadsheetwearetrackingwhatpercentageofourpageshaveadsonthem,i.e.,50%(ratherthan theothernumberswhichwereapercentageofourpageviewsthatgeneratedaclick.) Asyougettherealinformation,youwillchangeyourforecast.That sthebeautyofthemodel it continuestoadaptbasedonrealconditionsthatyouupdate.(seeourmetricsdashboard,which allowsyoutowatchtheperformanceeachweekandupdateyourmodel.) RevenuePerClick Afteryouhaveestimatedtherateofconversion,youcanlookattherevenuethateachactionwill generate.inotherwords,whatiseachclickworth?(notethatwhilewecallthisrevenueperclick (RPC),youmayalsoseeitcalledCostPerClick(CPC),asitisthecostthattheadvertiserincursby havingtheadsonyoursite.)

7 Copyright2009Spartina Beta 7 TounderstandtherevenuefromAffiliates,ingeneralyouwilllearnfromexperience.Eachaffiliate paysatadifferentrate,andfordifferentactions:clicks,purchases,etc.wecancomeupwithalow average,suchas$.10andadjustasyou goalong.notethatyouaretaking conversionrateriskforaffiliate programs,sotest,test,andtesttofind goodones. Toknowyourmonetizationratefor GoogleAdSense,youwillneedtowatch yourreportsandkeepyourspreadsheet uptodateasrealnumberscomein.$.25 isagoodstartingpoint,butbesureto checkthisatleastweekly. RegardingtheCPMadrevenue,agoodestimateisthatforevery1,000pageviewsyougetsomething like$1 $5cpm.Thiscansometimesbemuchhigherifyoursiteisinahighlymonetizablecategory suchasrealestate,finance,ortravel. SubscriptionRevenueisassumingthatyousellasubscriptionproduct.Deletetherowifitdoesn t apply.otherwise,youwouldfillinthevalueofthesubscriptionthatyouareselling.youmight considernettingthepricetoreflectyourrefund/cancelrate.forexample,ifyoursubscriptionprice is$50/yr,butyouexperience20%refunds,usea$40/yrpriceforthesubscriptionprice. E commercerepresentsanydigitalorphysicalproductsyouareselling,suchasreports,books, software,etc. AfterfillingintheRevenueRates,thetotalrevenueisthencalculatedforyoubasedontheRateof ConversionstimestheRevenueRates.TheRevenuePerVisitor(RPV)iscalculatedbydividingbythe TotalRevenuedividedbythenumberofvisitors. Thebottomline TotalRevenue iscarriedbackintothebudgetworksheet. Revenue:Costs TheRevenueWorksheetalsocontainsfiguresoncostsfortherevenuesothatwegetaccuratenet results. Thefirstfigure,PaidTrafficBudget,is howmuchyouarespendingonyour paidtraffic.thislineitemshowsupin thebudgetundermarketing:paid Traffic,i.e.,itiscarriedfromthis worksheettothebudgetworksheet. TheCostpervisitorcomesfromthe reportsyougetviatheadwords dashboard.(assumingyouusegoogle Adwordstobuytraffic.)Onceyou knowthecostpervisitor,youcancalculatethenumberofpaidvisitors.inotherwords,dividingyour totalbudgetforpaidtrafficbythecostpervisitortellsyouhowmanyvisitorsyouare buying. WecanalsolookatthePaidtrafficversusfreetrafficandcomeupwithaBlendedcostpervisitor.

8 Thegoalovertimeistoincreasethenumberoffreevisitors,anddecreasethepaidvisitors,sothecost pervisitorbeginstogodown. Finally,RPVminusCPVisthenetrevenuepervisitor(NRPV).Tocalculateyournetmarginper visitor,dividerpvbynrpv. ManagingyourRevenue TheRevenuesheetoftheFinancialModelspreadsheetofferstwoimportantnumbers:Totalrevenue pervisitorsandcostspervisitor.themanagementgoalistoincreasetherevenue/visitorand decreasethecost/visitor.thisusuallyhappensnaturallyasyouattractfreetraffic. Ourfinancialmodelhastwomoreuniqueworksheets:TrafficForecastWaterfallandCash Waterfall.Wewillexplorethesenext. TrafficForecastWaterfall Awaterfallspreadsheetisanamazingcreation,andonceyougetthehangofusingit,youwill probablyturntoitformanyapplications.agreatarticleonusingthewaterfallcanbefoundon Spartina.com. OurTrafficForecastWaterfallallowsfordynamicupdatingwithoutlosingperspectiveofwhatyou thoughtyouwoulddointheyearorlastmonth.everymonthyougetabettersenseofhowthingsare progressing,andmakechangesaccordingly. Onthissheet,theverticalcolumniswhatyouthinkwillhappeninamonth,andthelastvalueineach columniswhatactuallyhappened.monthbymonth,youentertheactuallydataandreforecastthe remainingmonths.asthenumberschangehere,theywillaffecttherevenueworksheet. Theprocessiskeepingthewaterfallup to datebyfixingtheactualtrafficnumber,re forecastingthe restoftheyear,whichthenrecreatestherevenueandadjuststhebudget. CashWaterfall Thesameprocessisusedformanagingcash.Thegoalistomakesureyouarenotgoingtorunoutof money. Copyright2009Spartina Beta 8

9 Youstartwithyourprojections.Theneachmonth,takethecashfigurefromyouraccountingsystem, andentertherealcashthathasgoneout.(thisdoesn taccountfortheaccruals.) Thetoplinerepresentstheplanorforecastforyear,anditwon tchange.bylookingatthiswaterfall sheet,youcancompareactualstotheplan. RollUpWorksheet Thelastsheetoffersasummaryofthefirstyear Revenue,Expenses,andkeymetrics.Itisaway tothinkaboutthesubsequentyearswithout tryingtogetprecise.ratheryougetasensefor thetotalrevenuepotentialfor5years,andhow costsrelatetothatrevenue.theimportant principleisthatyouwanttoinsurethatrevenue growsfasterthanexpenses. Aportionofthisroll updatagoesintothe executivesummariesthatyoumightusefor investorpresentations. Conclusion Nowyou veseenalltheelementsofthespartinainternetbusinessmodel,andit stimetoputitto workforyourbusiness,soyoucanmanageyourcash,increaseyourrevenueandgrowyourprofits. Bestofluck! Copyright2009Spartina Beta 9

α α λ α = = λ λ α ψ = = α α α λ λ ψ α = + β = > θ θ β > β β θ θ θ β θ β γ θ β = γ θ > β > γ θ β γ = θ β = θ β = θ β = β θ = β β θ = = = β β θ = + α α α α α = = λ λ λ λ λ λ λ = λ λ α α α α λ ψ + α =

More information

How To Merge Multiple Reports In Jonas With Excel

How To Merge Multiple Reports In Jonas With Excel New Report Tool Across Modules 12.1 Detailed Agenda History of Reporting in Jonas Merging Multiple Reports Using the Power of Excel Report Samples Simple Dashboard - Technician Hours and Work Order Productivity

More information

ArtSmart: Indiana User Guide (Updated: 4/6/09)

ArtSmart: Indiana User Guide (Updated: 4/6/09) ArtSmart:IndianaUserGuide (Updated:4/6/09) OverviewofWebsite ThefollowingisanoverviewoftheArtSmart:Indianawebsite (http://www.artsmartindiana.org/).thissectionintroducesthelayoutandsomeof thefeaturesofthesite.

More information

The Customer Relationship Management Process

The Customer Relationship Management Process The Customer Relationship Management Process E d u c a t i n g t h e W o r l d s B e s t A i r F o r c e Slide 1 The Supply Chain Management Processes Information Flow Supply Chain Management Processes

More information

through!apis!so!that!these!services!could!be!incorporated!into!local!delivery! environments.!!!

through!apis!so!that!these!services!could!be!incorporated!into!local!delivery! environments.!!! OntarioLibraryResearchCloudStatusReport 7November2014 Evolution TheOntarioLibraryResearchCloudOLRC)beganasaproposaltotheOCUL directorsinnovember2012forthedevelopmentofan OCULCloudStorage Network.Theproposalenvisionedadistributedstoragenetworkofabout200TB,

More information

Volume XXVI. Delivering Excellent Customer Service in the Long Term Care Environment A VIDEO GUIDE FOR EMPLOYING BREAKTHROUGHS IN CARE GIVING

Volume XXVI. Delivering Excellent Customer Service in the Long Term Care Environment A VIDEO GUIDE FOR EMPLOYING BREAKTHROUGHS IN CARE GIVING VolumeXXVI DeliveringExcellent CustomerServiceinthe Long TermCare Environment AVIDEOGUIDEFOREMPLOYING BREAKTHROUGHSINCAREGIVING DeliveringExcellentCustomerServiceintheLong TermCareEnvironment Youmaynotconsideryourselfacustomerservicerepresentative

More information

1 Soft limits means limits set in the system which are more stringent than the actual limits to be adhered to. Such as Stock Splits, Dividend, Rights Issues, Buy Back, Bonus Issues etc. Such

More information

dogood!apps!business!plan!

dogood!apps!business!plan! BrianKrohn GraysonBadgley KariAanestad SarahKleinman dogoodappsbusinessplan ExecutiveSummary Manyhobbyappdevelopersstartdevelopingappsbecausetheybelievetheywill becomerich.withoveramillionappsbetweentheiosandandroidmarketsand

More information

There is no difference when everyone is identical. All systems are equal

There is no difference when everyone is identical. All systems are equal PART I: Short Answer 5 marks each 1) What is the difference between an ambient and emissions standard; and what are the enforcement issues with each? Ambient set an air/water quality level. It is the true

More information

UWL. The University of Wisconsin-La Crosse Fact Book of Online Education June 5, 2014. Prepared by the Office of Institutional Research

UWL. The University of Wisconsin-La Crosse Fact Book of Online Education June 5, 2014. Prepared by the Office of Institutional Research UWL The University of Wisconsin-La Crosse Fact Book of Online Education June 5, 214 Prepared by the Office of Institutional Research Table of Contents Page Number of Online Course Sections 1 All Summer

More information

Persuasive Messages. What do I want to happen as a result of this communication? Keep your answer as clear as possible. For example, your might say:

Persuasive Messages. What do I want to happen as a result of this communication? Keep your answer as clear as possible. For example, your might say: CARLISLE COMMUNICATIONS E f f e c t i v e C o m m u n i c a t i o n S k i l l s f o r t h e W o r k p l a c e PersuasiveMessages Factsandfiguresalonewillneverconvinceanyone.Ifyoucan tconnect yourfactstothedreamsoftheclient,thenallthestatisticsandchartsintheworld

More information

How to extend Skype to MyPBX

How to extend Skype to MyPBX How to extend Skype to MyPBX 1. Activate Skype for SIP on Skype... 2 1.1 Register for Skype Manager... 2 1.2 Create a SIP Profile and buy a Channel Subscription... 2 1.3 Allocate Skype Credit to the SIP

More information

Business Intelligence: Build it or Buy it?

Business Intelligence: Build it or Buy it? Business Intelligence: Build it or Buy it? An ebook for business users brought to you by Executive Overview Managing by the metrics is a business strategy geared to maintaining competitive advantage. But

More information

Pre-Kickoff Meeting. My Stuff Project Details Project Primary Goal: Their Stuff Mechanical Details New Server or Existing Server: Client Name

Pre-Kickoff Meeting. My Stuff Project Details Project Primary Goal: Their Stuff Mechanical Details New Server or Existing Server: Client Name Pre-Kickoff Meeting Try to collect the following information before your kickoff meeting so that your team can do some initial analysis for strategy discussions during your initial meeting. Client Name

More information

Unit06 Sample Homework Problems CHAPTER 10. INVESTMENT RETURNS AND AGGREGATE MEASURES OF STOCK MARKETS

Unit06 Sample Homework Problems CHAPTER 10. INVESTMENT RETURNS AND AGGREGATE MEASURES OF STOCK MARKETS Unit06 Sample Homework Problems CHAPTER 10. INVESTMENT RETURNS AND AGGREGATE MEASURES OF STOCK MARKETS 1. You buy a stock for $40. After a year the price rises to $50 but falls back to $40 at the end of

More information

How To Understand The Value Of A Mutual Fund

How To Understand The Value Of A Mutual Fund FCS5510 Sample Homework Problems and Answer Key Unit03 CHAPTER 6. INVESTMENT COMPANIES: MUTUAL FUNDS PROBLEMS 1. What is the net asset value of an investment company with $10,000,000 in assets, $500,000

More information

DNSMON. DNS Server Monitoring. RIPE NCC March 23, 05

DNSMON. DNS Server Monitoring. RIPE NCC March 23, 05 DNSMON DNS Server Monitoring RIPE NCC March 23, 05 1 DNSMON, Goals Monitor DNS servers from many places Independent and Objective Novel and Interactive Presentation 2 There are lots of bad measurements

More information

ASTD TechKnowledge 2008 Conference & Exposition TU105 - Buy vs. Build: Criteria for Selecting the Right LMS

ASTD TechKnowledge 2008 Conference & Exposition TU105 - Buy vs. Build: Criteria for Selecting the Right LMS ASTD TechKnowledge 2008 Conference & Exposition TU105 - Buy vs. Build: Criteria for Selecting the Right LMS Objectives 1. Describe the different options for implementation 2. Select the right LMS for your

More information

46 years of success Anne Arundel Community College. State of Technology at AACC

46 years of success Anne Arundel Community College. State of Technology at AACC State of Technology at AACC Desktop Computing Perspective 3,141 PCs and laptops in use 1,818 used for instruction 1,323 in support of faculty and staff Instructional PCs replaced every 3 years, faculty

More information

Insert sponsor logo here. Dell SecureWorks. 2012 ISACA Webinar Program. 2012 ISACA. All rights reserved.

Insert sponsor logo here. Dell SecureWorks. 2012 ISACA Webinar Program. 2012 ISACA. All rights reserved. Insert sponsor logo here Bye-Bye Budget: Top spending mistakes that put your budget at risk Matt Anthony Dell SecureWorks Today s webinar: Text in questions using the Ask A Question button All audio is

More information

TEXAS&SUICIDE&SAFER&SCHOOLS&

TEXAS&SUICIDE&SAFER&SCHOOLS& TEXAS&SUICIDE&SAFER&SCHOOLS& 2015 Authored)by:)Dr.)Scott)Poland)and)Dr.)Donna)Poland )Produced)in)collaboration)with)) Texas)Department)of)State)Health)Services)and)Mental)Health)America)of)Texas) 2 TableofContents

More information

Click Here --> Omniforex Signals - No. 1 Forex Subscription Service.

Click Here --> Omniforex Signals - No. 1 Forex Subscription Service. Click Here --> Omniforex Signals - No. 1 Forex Subscription Service. Download From Genuine Website --> CLICK NOW Price comparisons omniforex, omniforex - no. 1 forex subscription service, free download

More information

How To Understand Cost Volume Profit Analysis

How To Understand Cost Volume Profit Analysis Course Title: Cost Accounting for Decision Making Professional Development Programme on Enriching Knowledge of the Business, Accounting and Financial Studies (BAFS) Curriculum 1 Learning

More information

goi n g beyond a guide for providers emergency foo d a publication of World Hunger Year (WHY)

goi n g beyond a guide for providers emergency foo d a publication of World Hunger Year (WHY) goi n g beyond a guide for providers emergency foo d a publication of World Hunger Year (WHY) i n t r o d u c Ñ t i o n Ñ m m m m m m m m add fresh food food recovery community gardens community supported

More information

Rep on Demand Program

Rep on Demand Program Introducing Cetera Financial Institutions exclusive Rep on Demand Program CETERA FINANCIAL INSTITUTIONS EVOLUTIONARY Rep on Demand is a revolutionary solution that ensures uninterrupted service while allowing

More information

Bonds, Preferred Stock, and Common Stock

Bonds, Preferred Stock, and Common Stock Bonds, Preferred Stock, and Common Stock I. Bonds 1. An investor has a required rate of return of 4% on a 1-year discount bond with a $100 face value. What is the most the investor would pay for 2. An

More information

Case 1:15-cv-04941-LAK Document 1 Filed 06/24/15 Page 1 of 6

Case 1:15-cv-04941-LAK Document 1 Filed 06/24/15 Page 1 of 6 Case 1:15-cv-04941-LAK Document 1 Filed 06/24/15 Page 1 of 6 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK OFFICE SPACE SOLUTIONS, INC., Plaintiff, VERIFIED COMPLAINT JASON KNEEN, -against-

More information

SOLUTION1. exercise 1

SOLUTION1. exercise 1 exercise 1 Stock BBB has a spot price equal to 80$ and a dividend equal to 10$ will be paid in 5 months. The on year interest rate is equal to 8% (c.c). 1. Calculate the 6 month forward price? 2. Calculate

More information

Practice Questions for Midterm II

Practice Questions for Midterm II Finance 333 Investments Practice Questions for Midterm II Winter 2004 Professor Yan 1. The market portfolio has a beta of a. 0. *b. 1. c. -1. d. 0.5. By definition, the beta of the market portfolio is

More information

it = α + β i + γ 1 t + γ 2 t + γ 3 t +λ 1 ( i ) + λ 2 ( i ) + λ 3 ( i ) +δx i + ϵ it, it i i t t t i λ 1 λ 3 t t t i = α + β i + δx i + ϵ i i i i 12 Harrison Cleveland McKinley Roosevelt 10 8 6

More information

August 14, 2014 Board Meeting

August 14, 2014 Board Meeting August 14, 2014 Board Meeting Presented by: Edmond T. Heatley, Ed.D., Interim Chief Human Resources Officer, & Holmes Murphy & Associates Medical, Pharmacy and Dental: Did not have rate guarantees for

More information

Leveraging Speech Analytics to Drive Improved Contact Center Performance

Leveraging Speech Analytics to Drive Improved Contact Center Performance Leveraging Speech Analytics to Drive Improved Contact Center Performance By: Jeff Gallino, CTO, Chairman and Co- Founder for CallMiner Brian Derr, VP of Quality Management Solutions for Aspect Software

More information

google adrank extensions

google adrank extensions google adrank extensions November 2013 Lead contributors Anna Stoyanova Search Director anna.stoyanova@havasmedia.com Eleonore Quint Search Manager eloenore.quint@havasmedia.com Mark Sutton Search Manager

More information

How to Join Weight Watchers Online Subscription

How to Join Weight Watchers Online Subscription Congratulations on taking the first step in joining Weight Watchers. The following document will provide you directions on how to finalize your enrollment on the Weight Watchers website. Fee: The monthly

More information

On March 12, 2000, the technology

On March 12, 2000, the technology Market Intelligence were AOL (America Online), EBay, Amazon, Yahoo, Cisco, Nortel, EarthLink, and MySpace.com. During Tech Boom Dejavu? By Anil Tahiliani, CFA, MBA Portfolio Manager, North American Equities

More information

Earned Income Tax Credit Fact Sheet

Earned Income Tax Credit Fact Sheet Special Report for the 100th House District HOW THE MICHIGAN BENEFITS THE 100TH DISTRICT money. The is a credit against the Michigan income tax that recognizes low-income families Our most current information

More information

Chapter 11. Topics Covered. Chapter 11 Objectives. Risk, Return, and Capital Budgeting

Chapter 11. Topics Covered. Chapter 11 Objectives. Risk, Return, and Capital Budgeting Chapter 11 Risk, Return, and Capital Budgeting Topics Covered Measuring Market Risk Portfolio Betas Risk and Return CAPM and Expected Return Security Market Line CAPM and Stock Valuation Chapter 11 Objectives

More information

Introduction to Cloud Computing

Introduction to Cloud Computing Introduction to Cloud Computing Cloud Computing Business Model 15 319, spring 2010 19 th and 20 th Lecture, March 23 th and 25 th Bob Monroe Lecture Outline Business 101 Business Computing Business Computing

More information

The Progress Vision Your Reality. Karen Tegan Padir Chief Technology Officer

The Progress Vision Your Reality. Karen Tegan Padir Chief Technology Officer The Progress Vision Your Reality Karen Tegan Padir Chief Technology Officer TOP 4 CEO GLOBAL BUSINESS CHALLENGES Human Capital Operational Excellence Innovation Customer Relationships The Conference Board

More information

Running head: MATH LEVELS OF ECONOMICS STUDENTS. Math Levels of Economics Students

Running head: MATH LEVELS OF ECONOMICS STUDENTS. Math Levels of Economics Students Running head: MATH LEVELS OF ECONOMICS STUDENTS Math Levels of Economics Students Rick Fillman Institutional Research Analyst Planning and Research Office December 2010 Page 2 of 6 Introduction Many four-year

More information

Sample Problems Chapter 9

Sample Problems Chapter 9 Sample roblem Chapter 9 Title: referred tock (olve for value) 1. Timele Corporation iued preferred tock with a par value of $7. The tock promied to pay an annual dividend equal to 19.% of the par value.

More information

Corporate Finance: Final Exam

Corporate Finance: Final Exam Corporate Finance: Final Exam Answer all questions and show necessary work. Please be brief. This is an open books, open notes exam. 1. DayTop Inns is a publicly traded company, with 10 million shares

More information

New Report Tool Across Modules 12.2

New Report Tool Across Modules 12.2 New Report Tool Across Modules 12.2 Detailed Agenda Future of Reporting in Jonas DataMart and SQL Reporting Tools Report Samples DataMart and Jonas Reports to Excel Cash Flow Dashboard - Job Cost Detailed

More information

Value of Equity and Per Share Value when there are options and warrants outstanding. Aswath Damodaran

Value of Equity and Per Share Value when there are options and warrants outstanding. Aswath Damodaran Value of Equity and Per Share Value when there are options and warrants outstanding Aswath Damodaran 1 Equity Value and Per Share Value: A Test Assume that you have done an equity valuation of Microsoft.

More information

The Strategic Power of Pricing Metrics

The Strategic Power of Pricing Metrics The Strategic Power of Pricing Metrics Tom Lucke Monitor Group October 17-18, 2006 l Santa Clara, CA Agenda Overview: The Opportunity from Metrics Identifying Metrics Based on Value Screening Metrics Supporting

More information

Marketing & Market Research A Crucial Part of Product Development

Marketing & Market Research A Crucial Part of Product Development Marketing & Market Research A Crucial Part of Product Development Who is this guy? https://youtu.be/dhcomowrmna Questions Who are Oculus rift s customers? Is Oculus trying to make the best virtual reality

More information

How to Create Your Own CreatiFI in Six Easy Steps

How to Create Your Own CreatiFI in Six Easy Steps www.versoteq.com FIWARE experience case: Timo Yletyinen, CEO 19th February 2015 Project funded by EU www.versoteq.com About the Company About the Project and Organization Contents Experiences about the

More information

Finding the Gaps With a Customer Experience Map

Finding the Gaps With a Customer Experience Map Finding the Gaps With a Customer Experience Map Jill Hewitt Customer Experience Designer Liz Mertz Account Director August 17, 2015 Who Is Catalyst? A marketing agency that helps clients develop more profitable

More information

COMMUNITY READINESS CENTER 830 Chisholm Ave Fort George G. Meade, MD Army: 301.677.5590 Navy: 301.677.9014

COMMUNITY READINESS CENTER 830 Chisholm Ave Fort George G. Meade, MD Army: 301.677.5590 Navy: 301.677.9014 JANUARY 7 th Dollars & Sense 0900-1100 13 th Car Buying (FFSC) 1300-1500 14 th Banking Basics 0900-1100 21 st Getting Out of Debt 0900-1100 28 th First Term Financial Readiness (online class) 0800-1600

More information

Q3: What is the quarterly equivalent of a continuous rate of 3%?

Q3: What is the quarterly equivalent of a continuous rate of 3%? SESSION 1: Pre-requisites: a reminder Time value of money, annuities Q1: You wish to buy a new house but would need to borrow part of the required amount. In view of your revenues you have been able to

More information

UTS POSITION DESCRIPTION UTS:HUMAN RESOURCES

UTS POSITION DESCRIPTION UTS:HUMAN RESOURCES UTS POSITION DESCRIPTION UTS:HUMAN RESOURCES Position Title HR Change Manager Unit/Division or Faculty HRU Position Number Current HEW Level HEW 8 Job Family(HR Use Only) ANZSCO Code (HR Use Only) UTS

More information

ACA Employer Mandate: The Ultimate Guide

ACA Employer Mandate: The Ultimate Guide ACA Employer Mandate: The Ultimate Guide Table of Contents Are you ready? WHO needs to comply? WHAT forms do you need to file to comply? WHEN do you need to file the forms? WHERE do you get the forms?

More information

Lecture 16: Capital Budgeting, Beta, and Cash Flows

Lecture 16: Capital Budgeting, Beta, and Cash Flows Lecture 16: Capital Budgeting, Beta, and Cash Flows eading: Brealey and Myers, Chapter 9 Lecture eader, Chapter 15 Topics: Final topics on basic CPM Debt, Equity, and sset Betas Leveraged Betas Operating

More information

What Can ETPs Do For My Investment Portfolio?

What Can ETPs Do For My Investment Portfolio? What Can ETPs Do For My Investment Portfolio? Performance Excellent long term performance of the South African equity market has meant that an investment in the JSE All Share index would have doubled in

More information

FINC 3630: Advanced Business Finance Additional Practice Problems

FINC 3630: Advanced Business Finance Additional Practice Problems FINC 3630: Advanced Business Finance Additional Practice Problems Accounting For Financial Management 1. Calculate free cash flow for Home Depot for the fiscal year-ended February 1, 2015 (the 2014 fiscal

More information

WHITEPAPER SALES OPTIMIZATION & LEAD MANAGEMENT. By: ActiveConversion

WHITEPAPER SALES OPTIMIZATION & LEAD MANAGEMENT. By: ActiveConversion WHITEPAPER SALES OPTIMIZATION & LEAD MANAGEMENT By: ActiveConversion Page 1 Executive Summary To achieve sales growth with existing resources, businesses are increasingly turning to sales optimization.

More information

SECURE BACKUP SYSTEM DESKTOP AND MOBILE-PHONE SECURE BACKUP SYSTEM HOSTED ON A STORAGE CLOUD

SECURE BACKUP SYSTEM DESKTOP AND MOBILE-PHONE SECURE BACKUP SYSTEM HOSTED ON A STORAGE CLOUD SECURE BACKUP SYSTEM DESKTOP AND MOBILE-PHONE SECURE BACKUP SYSTEM HOSTED ON A STORAGE CLOUD The Project Team AGENDA Introduction to cloud storage. Traditional backup solutions problems. Objectives of

More information

CHAPTER 11: ARBITRAGE PRICING THEORY

CHAPTER 11: ARBITRAGE PRICING THEORY CHAPTER 11: ARBITRAGE PRICING THEORY 1. The revised estimate of the expected rate of return on the stock would be the old estimate plus the sum of the products of the unexpected change in each factor times

More information

62 HR Information Systems

62 HR Information Systems 1010 62 HR Information Systems Key concepts and terms e-hr Functionality Intranet Enterprise resource planning (ERP) system HR information system (HRIS) Self-service Learning outcomes On completing this

More information

How to Write a Software Process Procedures and Policy Manual for YOUR COMPANY

How to Write a Software Process Procedures and Policy Manual for YOUR COMPANY How to Write a Software Process for YOUR COMPANY 1. Introduction MicroTools is proposing to assist YOUR COMPANY in improving the existing software process. The purpose of this project is to both improve

More information

Payoff (Riskless bond) Payoff(Call) Combined

Payoff (Riskless bond) Payoff(Call) Combined Short-Answer 1. Is the payoff to stockholders most similar to the payoff on a long put, a long call, a short put, a short call or some combination of these options? Long call 2. ebay s current stock price

More information

Index Options Beginners Tutorial

Index Options Beginners Tutorial Index Options Beginners Tutorial 1 BUY A PUT TO TAKE ADVANTAGE OF A RISE A diversified portfolio of EUR 100,000 can be hedged by buying put options on the Eurostoxx50 Index. To avoid paying too high a

More information

Chapter 20 Understanding Options

Chapter 20 Understanding Options Chapter 20 Understanding Options Multiple Choice Questions 1. Firms regularly use the following to reduce risk: (I) Currency options (II) Interest-rate options (III) Commodity options D) I, II, and III

More information

Establishing Production Capability (PC) to use Automated Data Analysis Tools and Resources

Establishing Production Capability (PC) to use Automated Data Analysis Tools and Resources Establishing Production Capability (PC) to use Automated Data Analysis Tools and Resources To increase the effectiveness of the Citizens Internal Audit effort. Prepared By: I. Steve Wolkomir CPA Citizens

More information

2. Illustration of the Nikkei 225 option data

2. Illustration of the Nikkei 225 option data 1. Introduction 2. Illustration of the Nikkei 225 option data 2.1 A brief outline of the Nikkei 225 options market τ 2.2 Estimation of the theoretical price τ = + ε ε = = + ε + = + + + = + ε + ε + ε =

More information

Lawrence Park Capital Partners Ltd

Lawrence Park Capital Partners Ltd Firm: Lawrence Park Capital Partners Ltd Lawrence Park Capital Partners Ltd Asset Manager Founded in Hidden Hidden Hidden Hidden Headcount: Hidden Assets Under Management: Hidden CI Investments Inc. and

More information

Achieving results through BPR and BPO

Achieving results through BPR and BPO CIPS Australasia Achieving results through BPR and BPO Business Process Re-engineering (BPR) and Business Process Outsourcing (BPO) has become big business for organisations CIPS members can record one

More information

An effective sales role job description defines each role across five dimensions:

An effective sales role job description defines each role across five dimensions: Although sales leaders have long found traditional job descriptions developed by HR to be impractical and unhelpful because the sales job is often different in every region, many organizations are discovering

More information

Lecture 15: Final Topics on CAPM

Lecture 15: Final Topics on CAPM Lecture 15: Final Topics on CAPM Final topics on estimating and using beta: the market risk premium putting it all together Final topics on CAPM: Examples of firm and market risk Shorting Stocks and other

More information

Corporate Finance Sample Exam 2A Dr. A. Frank Thompson

Corporate Finance Sample Exam 2A Dr. A. Frank Thompson Corporate Finance Sample Exam 2A Dr. A. Frank Thompson True/False Indicate whether the statement is true or false. 1. The market value of any real or financial asset, including stocks, bonds, CDs, coins,

More information

14/10/2015. Introduction Outsourcing. Discussion. What & Why History Why Offshoring? Communication Cultural Contractual SDLC

14/10/2015. Introduction Outsourcing. Discussion. What & Why History Why Offshoring? Communication Cultural Contractual SDLC Outsourcing: Problem or solution Mieke Gevers (Aqis) & Dominic Maes(Quintes) Agenda Introduction Outsourcing What & Why History Why Offshoring? Discussion Communication Cultural Contractual SDLC. IE-Net

More information

CORPORATE GOVERNANCE POLICY

CORPORATE GOVERNANCE POLICY SECTION NINE: BUYING & SELLING COMPANY! "# $ % & '( ) ) # '( * " +#( ) & '( # ), " - ( " &. / 0 0 1 / 0 / ( 1 / 0 3 ) 4 5 (6*- 6*7( / 0 8 # "!"!#!$ - - # - (. 3 0 0 # ) ( #)() # # " (, #". Corporate Governance

More information

Notes for Lecture 2 (February 7)

Notes for Lecture 2 (February 7) CONTINUOUS COMPOUNDING Invest $1 for one year at interest rate r. Annual compounding: you get $(1+r). Semi-annual compounding: you get $(1 + (r/2)) 2. Continuous compounding: you get $e r. Invest $1 for

More information

How To Understand The Microsoft Empire Licensing Agreement (Eau)

How To Understand The Microsoft Empire Licensing Agreement (Eau) Recent Changes to Microsoft Enterprise Agreements: Impact on Customers Paul DeGroot Senior Consultant Software Licensing Advisors Who are Software Licensing Advisors? Mission: Too The Customer s Advocate

More information

Employment Data For the United States of America

Employment Data For the United States of America Entrepreneurship/Small Business Management Occupation Report CIP 52.1801 Sales, Distribution, and Marketing Operations, General CIP 2010: A program that focuses on the general process and techniques of

More information

Second Quarter 2015 Trading Update. 28 September 2015

Second Quarter 2015 Trading Update. 28 September 2015 Second Quarter 2015 Trading Update 28 September 2015 Disclaimer This communication and the information contained herein has been approved by the Board of Directors of Eurobank Ergasias S.A. ( Eurobank

More information

Introducing AI. A new, free, comprehensive way to manage servers. For press inquiries please contact:

Introducing AI. A new, free, comprehensive way to manage servers. For press inquiries please contact: Introducing AI. A new, free, comprehensive way to manage servers. For press inquiries please contact: Anastasia Bullinger Abullinger@singlehop.com 312-386-6224 SingleHop. Introducing AI. All servers. Any

More information

Successfully Staffing your packaged BI Initiative An American Partners White Paper February 2011

Successfully Staffing your packaged BI Initiative An American Partners White Paper February 2011 An American Partners White Paper February 2011 Abstract In the second decade of the 21 st century, packaged BI applications manifest the second wave of must-have IT for businesses of any significant size.

More information

Serious Marketing. Simply Executed.

Serious Marketing. Simply Executed. Serious Marketing. Simply Executed. MOBILE READY WEBSITES WITH MINDBODY INTEGRATION What Can Aurora Do For You? A lot. We've built everything you need into a single, well-oiled content marketing machine.

More information

Research and Recommendations

Research and Recommendations Research and Recommendations Windows Server 2003 Custom Support Agreements Paul DeGroot Senior Consultant Software Licensing Advisors Who Are Software Licensing Advisors? Mission: The Customer s Advocate

More information

Investment, Time, and Present Value

Investment, Time, and Present Value Investment, Time, and Present Value Contents: Introduction Future Value (FV) Present Value (PV) Net Present Value (NPV) Optional: The Capital Asset Pricing Model (CAPM) Introduction Decisions made by a

More information

MARKETING ROCKSTAR S. Guide to. Marketo. Learn How to Use Marketo Effectively from Day 1 JOSH HILL

MARKETING ROCKSTAR S. Guide to. Marketo. Learn How to Use Marketo Effectively from Day 1 JOSH HILL MARKETING ROCKSTAR S Guide to Marketo Learn How to Use Marketo Effectively from Day 1 JOSH HILL Marketing Rockstar s Guide to Marketo P a g e 1 Sales Insight Training for Sales Note: this section is for

More information

FTS Real Time System Project: Using Options to Manage Price Risk

FTS Real Time System Project: Using Options to Manage Price Risk FTS Real Time System Project: Using Options to Manage Price Risk Question: How can you manage price risk using options? Introduction The option Greeks provide measures of sensitivity to price and volatility

More information

The Strategic Use of Options and Futures in a Portfolio

The Strategic Use of Options and Futures in a Portfolio The Strategic Use of Options and Futures in a Portfolio TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.

More information

Network Analytics Accelerator

Network Analytics Accelerator Network Analytics Accelerator Turn your Big Data into Big Opportunity Joël Viale Telecom Solutions Lab Solution Architect Key trends in Communications 1 Proliferation of Smart Devices/New Network Technologies

More information

The 2015 BLUE BOOK FOCUSED LISTINGS REACH QUALIFIED BUYERS MARKETING RESEARCH SERVICES DIRECTORY

The 2015 BLUE BOOK FOCUSED LISTINGS REACH QUALIFIED BUYERS MARKETING RESEARCH SERVICES DIRECTORY The 2015 BLUE BOOK FOCUSED LISTINGS REACH QUALIFIED BUYERS MARKETING RESEARCH SERVICES DIRECTORY suppliers of related Member and opinion research Listing Enhancements Member 0 0 00 0 suppliers of related

More information

Course Supply Chain Management: Inventory Management. Inventories cost money: Reasons for inventory. Types of inventory

Course Supply Chain Management: Inventory Management. Inventories cost money: Reasons for inventory. Types of inventory Inventories cost money: Inventories are to be avoided at all cost? Course Supply Chain Management: Or Inventory Management Inventories can be useful? Chapter 10 Marjan van den Akker What are reasons for

More information

Data Governance, Intellectual Capital & Customer Value Creation

Data Governance, Intellectual Capital & Customer Value Creation Data Governance, Intellectual Capital & Customer Value Creation Maximising the Customer Value GLOBAL FORUM October 2008 Renaud Finaz de Villaine CMO - Micropole Universr rfinaz@micropole-univers.com Why

More information

THE SECURITIES INSTITUTE OF AMERICA

THE SECURITIES INSTITUTE OF AMERICA Contents ABOUT THE SERIES 3 EXAM xiii ABOUT THIS BOOK xvii ABOUT THE TEST BANK xix ABOUT THE SECURITIES INSTITUTE OF AMERICA xxi CHAPTER 1 FUTURES AND FORWARDS 1 Introduction 1 The Spot Market 1 Forward

More information

Social Media Measurement for Nonprofits: Katie Delahaye Paine CEO Paine Publishing www.painepublishing.com @kdpaine

Social Media Measurement for Nonprofits: Katie Delahaye Paine CEO Paine Publishing www.painepublishing.com @kdpaine Social Media Measurement for Nonprofits: Katie Delahaye Paine CEO Paine Publishing www.painepublishing.com @kdpaine Paine Publishing (www.painepublishing.com) Providing communications professionals the

More information

The CMO Strategic Agenda: Automating Closed-Loop Marketing

The CMO Strategic Agenda: Automating Closed-Loop Marketing The CMO Strategic Agenda: Automating Closed-Loop Marketing March 2008 Page 2 Executive Summary Aberdeen surveyed 315 enterprises to identify current closed-loop marketing challenges, tactics, and strategies.

More information

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015 Company Presentation VTG AG Connecting worlds Analyst Conference April 14, 2015 Table of content 1 Highlights 2014 2 Performance & Financials 2014 3 Update on Strategy 4 Outlook 2015 5 Appendix 1 Executive

More information

WHAT ARE OPTION CONTRACTS?

WHAT ARE OPTION CONTRACTS? WHAT ARE OTION CONTRACTS? By rof. Ashok anekar An oion conrac is a derivaive which gives he righ o he holder of he conrac o do 'Somehing' bu wihou he obligaion o do ha 'Somehing'. The 'Somehing' can be

More information

Description. Investment Project. Common Stock. Some Portfolio Assets for Investment Project. Econ 422 Summer 2007 Eric Zivot July 25, 2007

Description. Investment Project. Common Stock. Some Portfolio Assets for Investment Project. Econ 422 Summer 2007 Eric Zivot July 25, 2007 Investment Project Econ 422 Summer 2007 Eric Zivot July 25, 2007 Description Objectives: learn financial institutions and conventions Essential features:» Create a $100,000 portfolio, describe it in Report

More information

Mobile App Install Ads

Mobile App Install Ads Mobile App Install Ads Product Setup Guide What is launching? Mobile app install ads help developers and advertisers easily drive and measure installs (CPI) for their mobile apps and games. This is the

More information

REALITY CHECK. Fabienne Schoeman fabienne@de.ibm.com UI/UX Design

REALITY CHECK. Fabienne Schoeman fabienne@de.ibm.com UI/UX Design UX considerations for the development of SaaS applications REALITY CHECK Fabienne Schoeman fabienne@de.ibm.com UI/UX Design IBM Design Thinking Hills focus your project On big problems and outcomes for

More information

Creating a Software House

Creating a Software House Creating a Software House by John McMillan 2007 All rights reserved Selling Software as a Product Creating a Software House Sometimes organisations develop computer software which they wish to sell. Other

More information

EDELMAN TRUST BAROMETER THE NETHERLANDS RESULTS UNDER EMBARGO UNTIL 20 JANUARY 2015

EDELMAN TRUST BAROMETER THE NETHERLANDS RESULTS UNDER EMBARGO UNTIL 20 JANUARY 2015 2015 EDELMAN TRUST BAROMETER THE NETHERLANDS RESULTS UNDER EMBARGO UNTIL 20 JANUARY 2015 EDELMAN S 15 th Annual TRUST BAROMETER METHODOLOGY Online Survey in 27 Countries 33,000 respondents 7 years in 20+

More information