Archive for: November 2006

Finding a profitable business to buy is not always easy.  Many business owners have an inflated idea of what their business is worth so sometimes the prices is a little overboard.

So once you have found a business you want to …

The advantages of buying into an existing business is the drastic reduction in start up costs of time, money and energy.  Plus you may find the business has a cash flow based on existing inventory and receivables.  If you research …

To me “Customer Loyalty” is everything.  Without a customer you have no business.  Now just because a customer doesn’t complain doesn’t mean that they are loyal.  Many people do not complain to a company - just to their friends which …

If you can start your business at home by all means do so.  It will be cheaper, however, if that is not a possibility due to the type of business you are creating shop around for low cost space.  Be …

Found this business plan sample here.  There are many more out there but this will give you the general idea.

The balance sheet is your business’ new worth at a particular point in time. It includes data on your assests, liabilities, and equity.

Assets are tangible objects of financial value that are owned by the company.

A liability is a debt owed …

There are three parts of your cash flow projection.  cash revenue (estimated sales collectable in cash), cash disbursements (what you expect to pay in expenses each month) and the reconcilliation of cash revenues to cash disbursement.  So you start with …

Cash flow projections shows just that - how your cash flows in and out of your business.  The cash flow projection lets you see when your expenditures may be to high and you will need short term loans to see …

Your income statement shows your revenue, expenses and profit for a certain period of time.  It will show whether or not your business is profitable for that time period.

Basically it is a math question - revenue minus expenses equals your proft …

What should be included in your financial section of your business plan?

Three financial statements, your income statement, cash flow projection, balance sheet projection and explanantions/analyses of these statements.

So first you have start up expenses which may include and registration, permits, licensing fees, …