There’s safety in numbers.” Particularly in certain numbers. If you are a small business manager, take a break from reviewing KPIs, studying Google Analytics data, or analyzing financial results. Consider, instead, the importance of these five, simpler numbers:...
The internet is a great place for sharing information. And misinformation. I hear small business myths all the time. Bogus “facts” about running a startup that are repeated endlessly online. Here are some of my favorites. Business Plans Are No Longer Needed...
Quickbooks (QB) and similar accounting programs allow even those with limited accounting training to track their business’s income and expenses. Preparing financial statements is as simple as clicking on the appropriate report option. Those reports are useful, but...
I have been creating financial projections since before Keurig existed. My standard long term projection model has evolved over that span of time . . . and it continues to do so. It is not the boilerplate, plug-and-play spreadsheet that many clients assume. Without...
KPI is the acronym for “key performance indicator.” Sometimes incorrectly used interchangeably with the term, metric, a KPI measures how businesses, projects, departments, or individuals preform versus established goals. When properly tracked, Key Performance...
Most would not consider the preparation of an annual budget to be an accounting cleanup task. After all, cleanups suggest a state of disorganization while budgets tend to connote organization and planning. Yes and no. The truth is that, without a well-prepared budget,...
