Financial planning

Realistic and accurate financial projections are vital for the long-term success of your business.

Why Realistic and Accurate Financial Projections Matter?

As a business owner, creating realistic and accurate financial projections is crucial for success. Financial projections are estimates of future financial outcomes, including revenue, expenses, net profit, and cash flow. These projections are an essential component of any business plan, as they help to guide decision-making and ensure that the business is on track to […]

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Prioritize on operating cash flow instead of profit as a new business owner.

Why Operating Cash Flow Matters More Than Profit: A Guide for New Business Owners

As a new business owner, it’s important to understand why operating cash flow matters more than profit. In this guide, we’ll explore the reasons behind this and how financial projections can help you identify potential liquidity issues ahead of time. Plus, we’ll explain why it is important to work with an expert financial modeler to

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financial projections help startups build successful business

How do financial projections help startups build a successful business?

A prerequisite for every business is to maintain a sound business plan that includes meaningful financial projections. This is especially important for startup companies since their failure rate in the first year of operation is extremely high and #1 reason for failure is the startup ran out of cash. Financial projections help companies get insight

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Certified Management Accountant provides added value to business

What benefits a certified management accountant brings to your business?

Not every accountant is the same. Certified Public Accountants (CPA) and Certified Management Accountants (CMA) provide distinct services. The difference between the two is not widely understood outside of the accounting profession and established companies. While CPAs or financial accountants are primarily focused on maintaining your financial records, CMA’s core task is to provide management

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Winning Startup Business Plan

Essential Components of a Winning Startup Business Plan

Key reasons why you need a business plan for your startup 1. A roadmap to success To succeed in today’s competitive environment, you need a sound business plan and solid execution capabilities. A critical step is to develop a thorough understanding of your competitive environment and to identify the key drivers that will determine your

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How to choose between straight-line depreciation and accelerated depreciation methods?

How to choose between straight-line depreciation and accelerated depreciation methods

Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: This article explains how long-term tangible assets can be depreciated

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