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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. In this article, I’ll review: The components of a balance sheet. Balance sheet examples.

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Rules of Thumb Business Valuation Methods Explained

Up and Running

For many business owners, getting a formal valuation is worth the investment. Some reasons why include needing a more detailed picture of your company’s value, submitting taxes, outlining employee stock option plans, or presenting to investors or creditors. Rules of thumb in business valuation. Gross Profit Multiple.

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4 Things You (and Every Small Business) Should Know About Taxes

Up and Running

Recently our Bplans audience had the chance to attend a free webinar on Small Business Taxes, hosted by the CEO and founder of TaxAlli.com, Zach Olson. 4 Things You (and Every Small Business) Should Know About Taxes. TAKE THE POLL: Are you a first time business owner? Have a tax-related question?

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30 Entrepreneurs Explain Their Major Accomplishments In 2021

Hearpreneur

2021 may have been a bad year for some people especially due to COVID-19 pandemic while, to others, it was a great year. Many businesses were launched and others were closed. In the last few days of 2021, we took some time to ask a few entrepreneurs and businesses what their biggest business accomplishments were. #1-

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What is an Income Statement?

Up and Running

In this article, Ill review: The purpose of an income statement in your business plan. The income statement in your business plan. If you are creating a business plan document, it should start with an Executive Summary and include all of the standard components of a business plan. A

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. Up-to-code kitchen with three-compartment sink and grease trap.

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The Key Elements of the Financial Plan

Up and Running

But whether you’re thinking of starting a business, expanding your current business, or just want to understand your current business better, there are a few key financial items that you should definitely include: Profit and loss statement. Balance sheet. and maybe some business ratios and/or a break-even analysis.