Bar Chart with Coins

Business Plan Financials: Tips and Traps

by Tim Berry

This is the latest post in my series on standard business plan financials. I’ve already written about the three essential projections, and how to do each, plus posts on standard vocabulary, timeframes, and so on. This one covers some common misunderstandings and errors that occur. The area of financial analysis is one in which definitions matter... Read More »

Spreadsheet Structure

Business Plan Financials: How Many Months and Years

by Tim Berry

Do complete business plan financials include three years of monthly financial projections? Five years? One year? Obviously the answer to this frequently asked business plan financials question depends on the specific context. Sometimes specific organizations, business plan readers, require some specific timeframe. The Small Business Administration (SBA), for example, requires at least 12 months of... Read More »

Money Details

Business Plan Financials: Cash vs. Accrual Bookkeeping

by Tim Berry

I hate the buzzwords and general environment related to accounting and financial terms. No wonder business owners shy away from it. “Accrual accounting” sounds like something you do with thumb screws, rack, and chains. But – damn – it matters. If you run a business, you have huge incentive to understand this stuff. And there... Read More »

Profits vs. Cash

Standard Business Plan Cash Flow: LivePlan

by Tim Berry

Most of my series on standard business plan financials is generic, meaning that it is about concepts, not business planning software. Of course I’m biased about business plan software, because I believe in LivePlan as the best available solution. I try to keep that out of most of my posts. However, when we look seriously... Read More »

Seth Godin Tribes TED Talk

Understand the New World

by Tim Berry

My Friday video this week in six years old now but still important. This is what is slowly and steadily replacing advertising. Here’s a quote: There is good news around the corner — really good news. I call it the idea of tribes. What tribes are, is a very simple concept that goes back 50,000... Read More »

Profits vs. Cash

Standard Business Plan Financials: How to Project Cash Flow

by Tim Berry

No matter what your business planning objectives, cash flow is still the most vital resource in the business, and managing cash is the single most important business function. Without cash, you go under. So I always assume cash flow is included in every kind of real business plan. And it is the most important component... Read More »


Standard Business Plan Financials: Important Cash Flow Vocabulary

by Tim Berry

As I continue with my series on standard business plan financials, I want to look at the basic cash flow These words put some people off because they sound like accounting and financial analysis. But they’re good terms to know, especially if you’re running a business. This is important cash flow vocabulary. Cash in business... Read More »

Accounting vs. Planning Balance Sheet

Standard Business Plan Financials: Keep the Balance Simple

by Tim Berry

In standard business plan financials, the balance sheet is a projection, not a recounting of actual money. It links to projected Profit and Loss to help project cash flow. It’s the most important example of the difference between planning and accounting.  In accounting, the Balance Sheet statement has exact details broken into categories and sub... Read More »

Standard Balance

Standard Business Plan Financials: Projected Balance

by Tim Berry

This is another in a series of posts on standard business plan financials, continuing from last week. “Think of it as your business dashboard, providing a snapshot of the financial health of your company at a specific moment in time. The purpose is simple: balance sheets list assets, liabilities and owner equity, typically in order... Read More »

Reshma Suajani TED talk

We’re Raising Girls to be Perfect, Boys to be Brave

by Tim Berry

Friday video, a TED talk, Girls Who Code founder Reshma Saujani is out to change the way the world looks at girls, tech, and girls in tech. Her non-profit Girls Who Code inspires high school girls to study computer science.  She aims to enroll one million women in the program by 2020 — and tech has... Read More »