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How to Read and Understand Your Profit and Loss
Your profit and loss statement is the first financial information that investors and bankers will look at in your plan. Here’s a rundown of what the numbers mean.
Your profit and loss statement is the first financial information that investors and bankers will look at in your plan. Here’s a rundown of what the numbers mean.
Does the idea of reading your balance sheet leave you feeling decidedly unbalanced? The balance sheet is the most misunderstood financial statement—which is problematic because it is also one of the most useful. Here’s how to read it.
Cash is the lifeblood of every business. Run out of cash, and you’re dead in the water. Here’s how to understand your cash flow statement, and keep your business alive.
We all set goals in our personal lives, but when it comes to business, it turns out that we’re not nearly as goal-focused. Even though we’ve taken on big risks to start new businesses, the surprising truth is that we’re really not very good at goal setting at all.
Industry benchmarks are a great tool to measure your company’s performance against similar businesses, but they can also be used by startups to help with forecasting and budgeting, and ultimately, to help drive business growth. Here’s how to use them effectively.
Let’s talk about three critical factors that you need to pay attention to when you’re creating your cash flow forecast.
In this interview you’ll learn more about Palo Alto Software’s own struggles; about how LivePlan, our flagship product, came to be; and about how we make decisions that impact the bottom line.
Your expense budget is one of the keys to good management. Set your budget and then track what you actually spend against that budget. Review the results and revise the budget as necessary. Here are the finer details…
Figuring out whether or not it’s a good time to grow comes down to planning strategically and taking the time to understand what you’ve done as well as and what your opportunities are. Learn more about growth in this interview with LivePlan CEO, Sabrina Parsons.
Sales forecasting doesn’t have to be hard. Anyone can do it and you, as an entrepreneur, are the most qualified to do it for your business.
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