Cash Flow: The Life Flow of Business

Many entrepreneurs think that building financial projections and financial business plans is merely an exercise for pursuing investors. They many times build sophisticated models for their business plans and then after they get a loan or an investment, they never look at the financial model again. While it is necessary to build a persuasive set of projections, the primary goal […]

Financial Projections

The Importance of Financial Projections for Any Start-Up

Business start-ups mean the world to the business owner who has decided to chase their dream by starting a business. There is always fear and risk though, since he/she does not know if their idea will be a hit or a bust. Many times the entrepreneur will pitch the idea to the investment world but failure rates are very high […]

Financial Plan for Business

Questions for the Beginner of Building Projections

At any given time, all six steps must synchronize well with each other, like music is conducted in a symphony. Isn’t it just accounting? Far from it. The accounting will begin the day you commence your business. Though there is a lot of similarity in the discussions that involve trial balances, profit & loss statements, balance e sheets, cash flows […]

Reinforce your business plan with sound financial projections

Strange as it may sound, the creation of financial projections is far more important and complex, than the actual results. More than merely the figures, it is the planning that matters. Or restated, it is the means to the end that matters here more than the end. Without financial projections, business is like fumbling in the dark without a lamp […]