Five Numbers to Remember

Five Numbers to Remember

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:...
Small Business Myths

Small Business Myths

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...
Financials for Investors

Financials for Investors

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...
Business Models

Business Models

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...
KPIs: A Primer

KPIs: A Primer

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...
Annual Budgets

Annual Budgets

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,...
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