Becoming a Small Business - Module 3 - Version 5.2 - Administrator Student Manual

Sep 23, 2026

Module 3 “Becoming a Small Business” provides an administrator and student manual for planning and launching a small business. It covers business planning fundamentals, mission and vision statements, and competition analysis, then guides learners through feasibility, startup and overhead cost projections, variable costs, and financial goal setting. The module emphasizes fiscal management, record keeping, financial statements, cash flow projection, breakeven calculations, and tax-time tips, including practical assignments and activities for applying concepts to real scenarios.

LanguageEnglish

CategoryPresentations

FormatPDF

Pages44

Reading Time15 min

AccessFree to download

Introduction

Learning Objectives

What Do You Know?

Business Planning

Mission and Vision Statements

Know Your Competition

Resources: Local

Business Feasibility

Financial Projections

Fiscal Management

Financial Statements

Cash Flow Projection

Tips for Tax Time

\#3 Becoming a Small Business ADULT FAMILY HOME ADMINISTRATOR STUDENT MANUAL VERSION5.2 Blank Page Module 3– Becoming a Small Business Table of Contents Introduction .................................................................................................................................................. 1 Learning Objectives....................................................................................................................................... 1 What Do You Know? ..................................................................................................................................... 1 Business Planning.......................................................................................................................................... 1 VIDEO .................................................................................................................................................... 1 Resources: Business .............................................................................................................................. 4 Mission and Vision Statements ................................................................................................................. 4 Mission Statement ................................................................................................................................ 4 Resources: Mission and Vision Statement ............................................................................................ 5 Vision Statement ................................................................................................................................... 5 Resources: Vision Statement ................................................................................................................ 5 Know Your Competition ............................................................................................................................ 5 Competitor Analysis Grid ...................................................................................................................... 6 Resources: Local.................................................................................................................................... 8 Business Feasibility ....................................................................................................................................... 8 Financial Projections ..................................................................................................................................... 8 Case Study: Terry’s Loving Care ................................................................................................................ 9 Startup Cost Projections ............................................................................................................................. 10 Liability Insurance ................................................................................................................................... 10 ACTIVITY – On Your Own: Prepare Your Startup Cost Projection ....................................................... 11 Overhead Cost Projections...................................................................................................................... 12 On Your Own ACTIVITY: Overhead Costs ............................................................................................ 13 Variable Costs ......................................................................................................................................... 14 How to Calculate Food Costs Per Resident ......................................................................................... 14 Fiscal Management ..................................................................................................................................... 16 Financial Goals .........................................

FAQs

What learning activities and assignments are included in Module 3?

The module includes an assignment for completing a 12-month AFH cash flow projection and activities such as preparing a startup cost projection and calculating the breakeven point for the business.

What topics are covered under mission and vision statements?

It provides mission and vision statement guidance, along with resources for creating each and understanding how they support business direction.

How does Module 3 structure financial planning?

It walks through business feasibility, financial projections (including startup and overhead costs and variable costs), fiscal management practices like record keeping, and then financial statements such as cash flow projection.

Sep 23, 2026

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