If you're an entrepreneur, you will probably at some point be forced to write the dreaded Business Plan. You'll need to raise money, either debt or equity, and the person giving you the money will want to see what your plans are. Why did I call the business plan "dreaded?" Just Google "I hate business plans" and you'll see what I mean. You'll see topics like, "10 Reasons Not to Write a Business Plan," and "Business Plans and Why I Hate Them," and "Why Business Plans are Worthless." Really makes you wa... [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]

In 2018 CB Insights published the top 20 reasons why startups fail. They said there is rarely just one reason for startup failure, but they found the 20 most common reasons that startups don't make it. At ProjectionSmart we reviewed that list to determine how many of these reasons are addressed when the entrepreneur uses the Startup financial model and the Proof Plan. What we found was that the top nine most common reasons why startups fail are all addressed in the the Startup financial model and the ... [continue reading]

Sadly, one of every two startup businesses fails within the first three years. But it’s possible to increase your odds by more than 50%. The number one criterion that separates successful startups from failed startups is this: Understanding the numbers of your business. Think about this. You know what you’re going to sell. You know who your customers will be, and you know how you’re going to market. But are you confident you’re charging enough? What will your startup costs come to? How much cash do you ... [continue reading]


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Five stars

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

Five stars

"Great program for any business owner or anyone trying to start a business."
~ Zach, Small business owner

Five stars

"This is a very helpful program for budding entrepreneurs!"
~ Parker, Entrepreneur

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