Planning, Startups, Stories


Tim Berry on business planning, starting and growing your business, and having a life in the meantime.

Fundamental Financial Words 0

You don’t have to be an accountant or an MBA to do a business plan, but you will be better off with a basic understanding of some essential financial terms. Otherwise, you’re doomed to either having somebody else develop and explain your numbers, or not having your numbers correct.

It isn’t that hard, and it’s worth knowing.  If you are going to plan your business, you will want to plan your numbers.  So there are some terms to learn.  I’m not going to get into formal business or legal definitions, and I will use examples: