I met another company recently whose situation really illustrated the importance of understanding the numbers of your business and seeing your future. 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 ... [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]

What’s the difference between a forecast and a projection? I know that I often use those terms interchangeably. Does anyone care? Does it even matter? Yes, it does matter, or at least it can. There is a subtle but significant difference between a forecast and a projection. It probably won’t matter too much for your internal discussions, but if you’re talking to a professional like a banker or a potential investor, you should be clear on whether you’re presenting them with a forecast or a projection. ... [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

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

Five stars

"As someone new to starting up a business, the tools provided via ProjectionSmart were a great asset. Easy simple way to develop the financial picture for your new enterprise that help clarify what it was going to take to get started and to insure you didn't miss something. All of that at an affordable price. "
~ Bruce, Entrepreneur

Five stars

"Great tool to have for starting a business! Easy layout and step-by-step direction on how to get finances organized."
~ Kevin, Startup entrepreneur

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