We want to share with you our thoughts on business projections, cash management, small business, entrepreneurship, finance, startups, and business planning.



It’s August in Minnesota, and snow could start falling at any minute! The last week in August means we are starting up another semester at the technical college where I teach. One of the classes I teach is called Introduction to Small Business, a required course for a certificate in entrepreneurship The class gives the students an overview of what it is like to start and own a small business. We spend a great deal of time in this class exploring why some businesses fail while other succeed. As a starting... [continue reading]

If you look up the word “bootstrapping” in the dictionary, you will find definitions that include “a means of advancing oneself”, “a means of accomplishing something”, “relying entirely on one’s efforts and resources”, and “to help (oneself) without the aid of others”. Most people who help start small businesses use the word “bootstrapping” only in relation to money. Their definition would be launching a business with as little outside money as possible. Another way of putting this is, getting your busin... [continue reading]

Whenever I speak at a workforce center on starting a small business, I always ask the question, “How many of you have written a business plan before?” I always get one or two people who have attempted the process, and they always say the same things. They usually point out that the process is extremely complicated, they may not understand the words being used, they do not like having to write so much, and they absolutely do not know how to do the financials spreadsheets required for most business plans. ... [continue reading]

This blog is part 2 of the most common financial mistakes that I’ve seen small business make in my 30 years of small business experience. In part 1 I discussed not understanding your numbers of your business and thinking that profit is the same thing as cash flow. Today I have two more for you. Avoid these big ones and you’ll miss some potentially huge setbacks. Mistake #3: Markup is not the same as Margin I have seen this mistake many, many times. People use the terms Markup and Margin interchan... [continue reading]

This blog is part 1 of the most common financial mistakes that I’ve seen small business make in my 30 years of small business experience. Avoid these big ones and you’ll miss some potentially huge setbacks. Mistake #1: Understand your numbers! Most people start a business because they have a passion for something. They want to meet a need in the marketplace or do some good in the world. They know their product, and they know who their customers are and how to reach them. What’s the one thing they... [continue reading]

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"ProjectionSmart Startup broke down and simplified the costs and cash flow of running a small business. It helped me get an idea of what to shoot for when I start my business."
~ Luke, startup entrepreneur

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"ProjectionSmart Growth is very easy to use. It's fabulous how I can quickly see the status of my business in just the 5 graphs. Growth is like my electronic accountant."
~ Bill, CEO of software developer

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"ProjectionSmart Startup is a resourceful tool for getting a realistic view of future projections. It is easy to use and very helpful in planning for a future business."
~ Sam, entrepreneur

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