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EntreComp2016

Code: 2.4.2

Budget.

Descriptors

1 · Discover

What you learn at this level

  • I can judge what to use my money for.

2 · Explore

What you learn at this level

  • I can draw up a simple household budget in a responsible manner.

3 · Experiment

What you learn at this level

  • I can draw up a budget for a value-creating activity.

4 · Dare

What you learn at this level

  • I can judge the cash-flow needs of a value-creating activity.

5 · Improve

What you learn at this level

  • I can apply the financial planning and forecasting concepts that I need to turn ideas into action (for example, profit or not for profit).

6 · Reinforce

What you learn at this level

  • I can judge the cash-flow needs of a complex project.

7 · Expand

What you learn at this level

  • I can judge the cash-flow needs of an organisation that handles many value-creating activities that depend on each other.

8 · Transform

What you learn at this level

  • I can create a plan for the financial and economic long-term sustainability of my (or my team's) value-creating activity.