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 »

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 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 »

Standard Business Plan Financials: Projected Profit and Loss

By Tim Berry

Continuing with my series here on standard business plan financials, all taken from my Lean Business Planning site, the Profit and Loss, also called Income Statement, is probably the most standard of all financial statements. And the projected profit and loss, or projected income (or pro-forma profit and loss or pro-forma income) is also the most... Read More »

Standard Business Plan Financials: 3 Essential Projections

By Tim Berry

Yesterday I posted here the six key financial terms every business owner or startup leader needs to know. That’s reposted from my site on Lean Business Planning. These six terms work into three essential statements (for past results) or projections (in business plans or anything referring to the future) for standard business plan financials. A... Read More »

bar chart with coins

Standard Business Plan Financials: Six Key Terms

By Tim Berry

A good argument for teams in business is not having to know finance if you love sales, marketing, or product development. But you’re a business owner. You’ll run your business better if you understand the standard business plan financials. These important terms aren’t that hard to learn and understand. You owe it to yourself and... Read More »

Standard Business Plan Financials

By Tim Berry

Why You Need to Know I believe these three things about startup entrepreneurs, business owners and standard business plan financials: The essential need-to-know facts about financials are very important; They are easy enough to learn; and Bankers, accountants, investors and their analysts expect you to know them and use them correctly. And here’s why, quoting... Read More »