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]

I spent a couple of hours reading quite a few articles on the Internet about cash flow. There were titles like, “How to Manage Cash Flow,” “Cash Management Tips to Grow Your Business,” and “What is Cash Flow and How Do I Manage It?” I thought I’d save you the trouble of reading them all and summarize for you what I learned. “Cash is King” The first thing I learned is that “Cash is King.” I think every article contained that over-used phrase. Of course, that lack of creative expression doesn’... [continue reading]

Roger recently appeared on the Small Small Business (SSB) podcast. Learn how SSB helps small businesses here. Roger discussed 10 reasons why you should do business projections. Here’s reason number nine. Roger Scherping: OK, number nine on my list is: Project your cash balance. I don’t think there’s a financial metric that’s more important than your cash balance. I think it’s more important than sales or profits. If you don’t have cash, your vendors don’t get paid, or you miss a payroll, and ... [continue reading]

Roger recently appeared on the Small Small Business (SSB) podcast. Learn how SSB helps small businesses here. Roger discussed 10 reasons why you should do business projections. Here’s reason number five. Roger Scherping: So, speaking of banks, this is one I learned recently. A banker told me that projections are going to be more important in 2021 than they ever have been. And he said that, the reason is, that, well, obviously 2020 was not favorable to most businesses. Most businesses did not ... [continue reading]


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Five stars

"ProjectionSmart is very easy to use for the small business owner who wants to assess his finances and know where his cash is going. It is extremely helpful to me in making more informed business decisions. It gives me peace of mind."
~ Justin, CEO of professional services firm

Five stars

"ProjectionSmart is like my crystal ball!"
~ Brent, veteran small business owner

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

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