the first two levels set, it is time to launch into our decomposition. However, before we get too deep into how to actually create a WBS let's first look at its purpose. At this stage it is important to function under the 100 Rule. So there, 8 common accounting pitfalls startups can avoid. There are credit unions, crowd funding and dozens of other funding choices you can pursue, each with their own advantages and disadvantages. As grandpa always said There is no reason to reinvent the wheel. As an entrepreneur, you want to make your first dollar before you worry about these things.
Most people end up settling for a cheaper, inferior service. Decomposition is the act of breaking down deliverables in to successively smaller chunks of work to be completed in order to achieve a level of work that can be both realistically managed by the project manager and completed within a given time frame by one. Along with these inputs, you will use certain tools as well: Work Breakdown Structure Templates, decomposition - (pmbok Guide finally, using these inputs and tools you will create the following outputs: Work Breakdown Structure.
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You can then use the difference between the amount you collect in advance and the delayed payments to do something else in the business like expand and advertise. Simply put, without the right numbers, you cant make rational decisions based on fact. Can you negotiate with your vendor to delay payments from 30 days to 45 days? The WBS makes the deliverables more precise and concrete so that the project team knows exactly what has to be accomplished within each deliverable. Also this technique allows progress of Technology for easy movement of components around within the WBS. Not Negotiating, this is not strictly accounting, but I think its important to mention nonetheless: everything is up for negotiation.