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What Is a Balance Sheet?

Up and Running

If you’re in the process of starting a business or writing a business plan document, you’ll have heard the phrase “balance sheet” mentioned, or maybe you’ve seen one in a sample business plan. Now that we’ve had a general overview of the balance sheet, let’s take a deeper look at the information a balance sheet should include.

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Working Capital vs. Cash Flow: The Differences and How to Better Manage Them

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Say you’re moving across the country, which can cost anywhere from $1500 to $6000 on average. A strong accounting strategy includes things such as preparing a cash flow forecast—which is made easier by using an accounting tool that comes with crucial features like financial statements and automated bank reconciliation.

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Estimating Realistic Startup Costs

Up and Running

What will it cost to start that business? Many people underestimate startup costs and start their business in a haphazard, unplanned way. Estimating realistic startup costs is one of the key elements of your financial plan. What are startup costs? It’s always a guess—but you can make it a good educated guess.

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What is an Income Statement?

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A financial plan section with the balance sheet,  cash flow statement, and income statement are must-haves. The top line of your income statement is really just as important as the bottom line; all of the direct costs and expenses will be taken out of this beginning number.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

Another thing to watch out for with monthly rent is all the added costs. so keep these all in mind when calculating the costs. All percentages of ownership, investor details, stock details, and so on should be listed. Projected costs. Construction cost. Staff appreciation day costs. Software costs.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

A detailed financial model that shows your anticipated revenue, costs and profits (Income Statement) as well as your balance sheet and cashflow statements. Investors love to be able to see what you told them in forecasts in prior years and then compare with how you actually performed.

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Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

16:22]What guidelines do you have concerning labor and productivity costs? [17:55] And so typically owners are busy, they look at the p and l, but they don't look at the balance sheet or they don't look at a cashflow statement. 14:37] How do you effectively convey the importance of profitability to small businesses? [16:22]What