5 Tips to Develop More Realistic Financial Projections in Your Business

Developing realistic financial projections builds credibility when seeking capital for your business. Further, it will assist you in accurately committing resources to a level you can actually achieve. However, you may feel overly optimistic about how your product or service will be received in the market, and, then overestimate the sales and the timeline on …

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5 Tips to an Effective Finance Strategy for Your Business

You probably hear constantly that you must establish a vision and a business strategy. Will you create a differentiated product or make it cheaper? Will you try to deliver both? Either way, if you don’t make considerations in your business for how to organize and analyze your finances, then it doesn’t matter what business strategy …

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How to Establish Internal Controls to Safeguard Your Assets

As business owner and CEO, you must be deliberate to safeguard your assets with internal controls from both external and internal threats. Most business owners make the easy mistake to trust their accounts to the internal accounting director and managers without ever verifying the actual balances at the bank or the handling of cash transactions. …

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Five Step Checklist to Improve Tracking and Making Decisions About Your Financial Transactions

The more you plan, record and take action to control your financial transactions, the more likely your business will have a solid foundation to ensure success. If you do not naturally lean toward monitoring your finances, then it may seem overwhelming. I recommend using simple, web-based tools and concepts to establish a system to manage …

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Telling Your Business Financial Story

The financial statements for your business each period reveal a story about your accomplishments, your shortcomings, and where you are headed in the future. What story are your financial statements saying about your performance? Is it a cheerful story or is it agony each month? What story do you really want your financial statements to …

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