YoungUpstarts

APRIL 16, 2020

Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? If you answered “no” to #2, you need to scramble to get cash in time for #3. Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.).

Recapitalization 200

Recapitalization Forecast Software Review Finance 200

Up and Running

JULY 22, 2014

But whether you’re thinking of starting a business, expanding your current business, or just want to understand your current business better, there are a few key financial items that you should definitely include: Profit and loss statement. Cash flow statement. Sales forecast. Sales forecast. Balance sheet.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

Up and Running

AUGUST 8, 2018

How did we do last month compared to our forecast? Most importantly, we review our cash position and cash flow. What does our cash flow forecast look like for the next few months? Here’s a quick overview of how we structure our monthly plan review meetings and what’s worked for us over the years.

Software Review 65

Software Review Business Plan Product Forecast 65

YoungUpstarts

FEBRUARY 14, 2017

Cash is king, always has been and always will be. Managing your cash position when forecasted sales aren’t being achieved is tough, and if you are spending more than you are generating and cash piles are dwindling, now is the time to address your financial position. Business architecture pivot.

Technical Review 157

Technical Review Architecture Revenue Channel 157

Up and Running

NOVEMBER 12, 2018

Defining the problem you’re trying to solve is an important part of your business plan because it’s the first place where you’ll demonstrate that idea is viable—that you can actually make money with your business model and idea. Share of the Market (SOM) : Your SOM is who you will reach in your first few years of business.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Up and Running

APRIL 6, 2020

You need cash in the bank to operate, to pay employees, and to keep the doors open. If you’re out of cash, you’re out of business. In times of crisis and uncertainty, understanding your cash position is even more important. This is where forecasting and budgeting are crucial for the survival of your business.

Burn Rate 100

Burn Rate Forecast SBA Cash Position 100