"As someone new to starting up a business, the tools provided via ProjectionSmart were a great asset. Easy simple way to develop the financial picture for your new enterprise that help clarify what it was going to take to get started and to insure you didn't miss something. All of that at an affordable price. "
~ Bruce, Entrepreneur
Frequently Asked Questions (FAQs)
- Why was ProjectionSmart created?
- Why is business planning important?
- Can I really do a business projection by myself?
- Do I need ProjectionSmart if I already use an accounting program like QuickBooks?
- Which should I use for my business -- Startup or Growth?
- Why is it called the Proof Plan?
- Can I manage multiple companies on one ProjectionSmart account?
- To use Growth, do I have to use QuickBooks?
- I'm a relatively new company. Can I use Growth if I have less than 12 months of history?
- How do I save and share my results?
Why was ProjectionSmart created?
We started ProjectionSmart to help entrepreneurs and small business owners. We know how important understanding the numbers of your business is to your success. We also know that understanding your numbers can be really difficult for someone who doesn't have a finance or accounting background. That's why we made ProjectionSmart so easy to use! Hear the story of ProjectionSmart here.back to top
Why is business planning important?
Business planning is creating a working plan for your business. No plan is perfect, but you still need to plan. Dwight Eisenhower once said, "Plans are useless, but planning is indispensable." Planning forces you to think carefully through all of your business decisions. It's the opposite of "winging it." In fact, lack of planning is the most common reason given for the failure of small businesses. Planning gets you started in the direction you want to go, and it helps you successfully adapt as circumstances change.back to top
Can I really do a business projection by myself?
Yes! With ProjectionSmart you can because we used our years of experience to make business projections simple. We've helped hundreds of entrepreneurs and small business owners like you who don't have a background in finance or accounting do their own business projections.back to top
Do I need ProjectionSmart if I already use an accounting program like QuickBooks?
You need a program like QuickBooks to do your daily accounting, track inventory, and get your monthly financial statements. Those statements give you important information about where your business has been. But ProjectionSmart helps you see where you are going! With just a few minutes each month, ProjectionSmart will help you see your financial future: What's the lowest my cash will get? Is there a financial crisis coming? Can I afford to buy that new piece of equipment? What would the financial impact be of expanding my business? ProjectionSmart helps you make better forward-looking financial decisions.back to top
Which should I use for my business -- Startup or Growth?
Are you an entrepreneur who has an idea for a startup? Our Startup tool will help you determine whether your idea makes sense financially by easily creating a 24-month financial model. Are you the owner of an established business? Our Growth tool will help you see what your financial future looks like by creating a 12-month financial projection that you'll update every month.back to top
Why is it called the Proof Plan?
Having proof that your new business concept will succeed is critical, whether you need to convince a banker or investor. We call our tool the Proof Plan because with it you'll write a business plan that provides proof that your new business concept will succeed.back to top
Can I manage multiple companies on one ProjectionSmart account?
Yes! Our Manage Companies feature allows you to manage any number of companies under your single ProjectionSmart account. You can even manage both Startup and Growth companies!back to top
To use Growth, do I have to use QuickBooks?
No. Any company can use Growth to see their financial future. If you do use QuickBooks Online, the process is easier because we'll import your financial history directly from QuickBooks Online, saving you the data entry time. If you don't use QuickBooks Online, our easy-to-use forms will allow you to quickly enter your financial history and continue with the process.back to top
I'm a relatively new company. Can I use Growth if I have less than 12 months of history?
Yes! Even if you've been around for less than a year, you should still be planning your future. Historical information is helpful in seeing trends, so just import or enter whatever historical information you have and continue with the process.back to top
How do I save and share my results?
Your work is automatically saved on the cloud, and it will be there when you want to come back and make changes. You can print all reports and graphs to pdf and save them to your computer. The Proof Plan report is easily printed to pdf or pasted into a word processing document and saved to your computer.back to top