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What Is a Balance Sheet?

Up and Running

If you’re in the process of starting a business or writing a business plan document, you’ll have heard the phrase “balance sheet” mentioned, or maybe you’ve seen one in a sample business plan. Now that we’ve had a general overview of the balance sheet, let’s take a deeper look at the information a balance sheet should include.

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Praying to the God of Valuation

Both Sides of the Table

In those years I learned to properly build product, price products, sell products and serve customers. Within 5 years I was on the board of real businesses with meaningful revenue, strong balance sheets, no debt and on the path to a few interesting exits.

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How To Start a Dry Carpet Cleaning Service

The Startup Magazine

This blog aims to guide you through the process, from the initial steps of conducting market research to operational management, hiring staff, and more. This will allow you to identify opportunities, challenges, customer preferences, and emerging trends.

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Wow! Are your relationships important!

Berkonomics

This is the time to elevate those insights to the level of highest value for the corporation, one that cannot be listed on a balance sheet nor included in an appraisal of corporate worth. 15% typically is spent on direct management issues such as supervision of next level subordinates.

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Cash Flow

Up and Running

Download this free ebook and you’ll learn cash flow basics, how to build a cash flow statement for your business, and the best ways to manage your cash flow. This happens because businesses invoice customers and book the sale which shows profit, even though the cash hasn’t been collected from the customer yet.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

We want a strong balance sheet (um, ok. but that’s our firm’s money on your balance sheet. You are particularly vulnerable if: You have revenue concentration (few customers each providing a large total of percentage of your revenue). otherwise I prefer to invest less and risk less).

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How Plan Vs Actual Comparison Helps You Manage Your Business

Up and Running

Planning is not just about the plan — it’s about the management. And plan vs. actual analysis, also called variance analysis, is essential to better business management. And planning means tracking the actual results , comparing them to the original plan, and managing the difference. What is plan vs actual?