Let me tell you about someone I met more than four years ago when I spoke at a SCORE finance seminar. At the time she was a new entrepreneur with an unusually strong interest in understanding the numbers of her business. When I told the class about this thing called projections, I had her full attention. She already understood the importance of understanding where her business had been, so the idea of also understanding where her business was going made perfect sense to her. She contacted me a... [continue reading]

Whether you're starting a business or your business has been around for a while, understanding where your business is going is critical to your success. When I've asked many entrepreneurs how they know it's the right time to expand their business or whether they can afford to hire a new employee, their answer always worries me. It's usually a shoulder shrug followed by, "I just go with my gut." You're clients have too much riding on their businesses to just go with their gut! Of course, most small... [continue reading]

It simply never occurs to many small business owners that there is a difference between profit and cash flow. Many owners subconsciously think of them as the same. They just assume that if they make a large profit, then they will have lots of cash in the bank. Sadly, this is often not true. In fact, this is one of the most common misconceptions by business owners that I’ve seen in my career. I’m sure you’ve seen that with your clients, too, and you’ve done your best to educate them on the differen... [continue reading]

I met another company this week whose situation really illustrates the importance of understanding the numbers of your business. It is a service business, and they told me they were in a cash crisis. They also told me that they were on the verge of very rapid growth thanks to a new product that they were in the process of launching. They did not want to borrow any money or take on an investor during this cash crisis if they did not need to, but they were not even sure if they needed any money. Whe... [continue reading]

A business projection is not an accounting tool! It's a management tool. Whether you're starting a business or your business has been around for a while, understanding the numbers of your business is critical to your success. I've asked many entrepreneurs how they know it's the right time to expand their business or whether they can afford to hire a new employee. Their answer worries me because it's usually a shoulder shrug followed by, "I just go with my gut." You've got too much riding on your b... [continue reading]


Tag Cloud

[ ProjectionSmart ] [ startup ] [ numbers ] [ succeed ] [ fail ] [ Planning ] [ Plans ] [ Budget ] [ Projection ] [ Number ] [ Plan ] [ Balance Sheet ] [ Cash Flow ] [ control ] [ failure ] [ crystal ball ] [ financial picture ] [ future ] [ options ] [ risk ] [ model ] [ income statement ] [ P&L ] [ equity ] [ bizowner ] [ micro-business ] [ entrepreneur ] [ Proof Plan ] [ banker ] [ investor ] [ mistakes ] [ profit ] [ cash ] [ mistake ] [ sales ] [ margin ] [ markup ] [ margin percentage ] [ business plan ] [ business planning ] [ bootstrap ] [ bootstrapping ] [ debt ] [ bank ] [ investors ] [ success ] [ turnaround ] [ Growth ] [ financial statements ] [ fear of finance ] [ see the future ] [ confront your concerns ] [ proof ] [ forecast ] [ look ahead ] [ financial model ] [ financial projection ] [ failure rate ] [ first year ] [ decision making ] [ sales forecast ] [ expenses ] [ insights ] [ SCORE ] [ The Blueprint ] [ projections ] [ templates ] [ spreadsheets ] [ loan ] [ accounting ] [ Gross margin ] [ gross profit ] [ net income ] [ better business decisions ] [ financial projections ] [ overhead ] [ accounts receivable ] [ accounts payable ] [ revenue per employee ] [ business plans ] [ Finances First ] [ crisis ] [ scenario ] [ Predict ] [ CPA ] [ accountant ] [ spreadsheet ] [ Cuban ] [ manage ] [ companies ] [ subscriptions ] [ start ] [ business ] [ entrepreneurs ] [ create ] [ confidence ] [ Startups ] [ small business ] [ cash flow statement ] [ entrepreneurship ] [ cash basis ] [ accrual basis ] [ podcast ] [ see ] [ pandemic ] [ banking ] [ regulatory ] [ decisions ] [ finances ] [ accrual ] [ taxes ] [ RAAP ] [ cash management ] [ financial impact ] [ troubled ] [ strategy ] [ peace ] [ struggling ] [ reasons ] [ banks ] [ FranNet ] [ franchise ] [ information ] [ intuition ] [ proactive ] [ reacting ] [ tactics ] [ survey ] [ tool ] [ statement of cash flows ] [ vision ] [ goals ] [ subscription ] [ Excel ] [ QuickBooks ] [ understand numbers ] [ costs ] [ scale ] [ advisor ] [ prediction ] [ trusted advisor ] [ client ] [ benefits ] [ Process ] [ monthly ] [ forward-looking ] [ forward ] [ backward ] [ staff ] [ modeling ] [ predictions ] [ pricing ] [ reports ] [ Linked User ]

Five stars

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

Five stars

"ProjectionSmart is a great tool to decide a go/no go decision on a new business adventure, or what adjustments need to be considered for get a to a "go" decision. It also offers a great look into how to manage the growth of the business. A very easy, user friendly tool!"
~ Toni, Franchise owner

Five stars

"I have very few clients who couldn't benefit from using ProjectionSmart!"
~ Shawn, Commercial banker

Read more reviews