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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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5 Ways to Improve Your Business Financial Management

Up and Running

Now, managing and analyzing your business finances doesn’t have to be a frustrating process. In fact, by proactively looking for improvements, you can set yourself up for more effective and fruitful financial management. Here are a few tips to help you better manage your business finances. Consult an accountant.

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Working Capital vs. Cash Flow: The Differences and How to Better Manage Them

Up and Running

An important part of any finance management is having access to a lot of positive working capital, as it helps insulate a business against unexpected events. To that end, you must know how to read a balance sheet so you can calculate the ratio properly and make informed decisions. Metrics and management.

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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?

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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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Praying to the God of Valuation

Both Sides of the Table

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. Deep down I love working with founders and products, strategy, go-to-market, financial management, pricing and all aspects of building a startup.

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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. I call this “using your balance sheet as a strategic weapon.” We’re going to start aggressively spend money on marketing our product. otherwise I prefer to invest less and risk less).

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