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 four. Roger Scherping: OK, number four is, “Do you want to grow?” If you want to grow, you’ll learn that nothing taxes your resources more than growth. Your cash is getting sucked up by an increasing amount of receivables, by inventory going up, you may be making capital expenditures, you’re hiring... [continue reading]

Last year I helped a growing client with their first budget. They are in construction, a highly seasonal business, and they were doing their accounting on the cash basis. I helped them understand that the cash basis was not very helpful to them in managing their business. See my blog Cash or Accrual? What’s the Difference? Very simply, I told them at the time that the cash basis says you recognize a sale when you get paid, but the accrual basis says you recognize the sale when you send an invoice to ... [continue reading]

I’ve spent most of my career trying to see the financial future of the companies I managed. I’ve seen what happens when small companies don’t know what their next 12 months look like, or when they don’t understand the financial impact of their business decisions. So based on my own experiences, I’ve put together 10 reasons why you should do monthly business projections in 2021. 1. Troubled companies need a path I start with this one because it was when I was turning around companies that I realized ... [continue reading]

I talked recently with an entrepreneur who said that he feels like he understands the Balance Sheet and the Income Statement. I said, that’s great, but what about the Cash Flow Statement? He looked at me with a completely blank expression and asked, what’s that? He said he’s not familiar with the Cash Flow Statement and never runs it as a part of his month end financial review. Profit is not the same as cash! The Cash Flow Statement is the most important of the financial statements, but it’s also... [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 busin... [continue reading]


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Five stars

"I feel like ProjectionSmart gave me a very thorough and accurate report of projections that were easy to understand!"
~ Hannah, small business owner

Five stars

"ProjectionSmart makes it easy to create your business plan and find out if you have any shortcomings or need to reevaluate your plan."
~ Parker, startup entrepreneur

Five stars

"ProjectionSmart was very simple to use and helped me greatly understand what is needed and what it will take for me to start a business."
~ Kelsie, small business owner

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