“Some entrepreneurs and managers are “freaked-out about finance,” but this book leaps you past accounting to becoming your own financial architect.” That’s what I said when I read this new book from Michael E. Gerber and Fred Parrish. Personally, I’m more right-brain than left-brain, that’s why I wanted the financial models we make, but finally,…
Have you heard that investors don’t read business plans? Not true. Before they’re going to click OK on a wire transfer of $50,000 to $50,000,000, they’ll have a lot of questions. Your business plan is you in front of many supporting characters—with specialties, expertise, biases, perspectives, contacts, money… It’s like a movie script on it’s…
There are a variety of ways to finance your startup or growing company. I’ve always avoided credit cards, but given some new opportunities, doing the math, and by playing the game well, they can be an easy source of immediate cash to get you through a tight spot or to develop a project. I explain here…
Finding the right person and asking them for money to fund your business can be daunting. First, you need to get your head straight! Here are some ideas…
Every good financial plan begins by introducing and explaining the major financial assumptions that were used to build out your 3 or 5 year financial projections. Your financial assumptions are what you must sell investors; the rest is arithmetic.