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



I met with a new client this week. They are an excavating company that clears, fills, and grades land before a building is built. The managers are all young and know their business very well. They want help establishing the systems and processes that they know they need to grow their business profitably. There is one area in particular about which they knew very little, and that’s financial reporting. I don’t think any of them even knew what an income statement was. But since they understood their bus... [continue reading]

Assets equal Liabilities plus Owners Equity. Debits equal credits. Sales minus cost of goods sold equals gross margin. Have I lost you yet? One of the reasons people dread the idea of doing financial projections is that they don’t like accounting. No, wait. They REALLLY don’t like accounting. They think that accounting is so esoteric and so complicated that they couldn’t possibly understand it -- like nuclear physics or the theory of relativity. When I was a CFO, I tried to explain financial statem... [continue reading]

I recently read this article at The BluePrint. I like it because it nicely explains how a financial projection is done, and because it correctly points out that the most popular small business accounting packages like QuickBooks simply can’t help you do a financial projection. They’re just not made for that. This is the need that ProjectionSmart meets so nicely. The article explains that large companies have big finance staffs and expensive ERP programs that have everything they need to produce great ... [continue reading]

If you are considering starting your own business, please join Bob and me on Saturday, January 18, 2020 for our next workshop, called “The ProjectionSmart Proof Plan.”  We are once again holding this workshop through the Minneapolis office of SCORE (Service Corp of Retired Executives). Statistics show that the best way to help your new business succeed is to plan! Businesses that have a plan succeed far more often than those that start without a solid business and financial plan. We’ll show you the si... [continue reading]

This week I met with three entrepreneurs who Bob and I met through a workshop on business planning that we hosted for SCORE (Service Corp of Retired Executives). All three entrepreneurs are starting or running small businesses. I love working with entrepreneurs and have great respect for their vision, determination and confidence. They told me about their businesses, and I told them how ProjectionSmart could help them understand the numbers of their businesses. ProjectionSmart Startup One of the entr... [continue reading]


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Five stars

"I found ProjectionSmart to be user friendly and extremely insightful. I am grateful to have had this as a resource!"
~ Cody, Entrepreneur

Five stars

"Simple and effective product for creating your financial projections!"
~ Elijah, Entrepreneur

Five stars

"ProjectionSmart made it very easy to come up with two years' worth of projections without needing an accounting background. It saves a lot of time and headaches."
~ Jeni, startup entrepreneur

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