What is a Cash Flow Projection?

Cash Is King.gifA Cash Flow Projection is a budget and goal-setting tool, used to estimate your business income and expenses over a period of time. It is an estimate of cash coming into your business (deposits in your business checking account) from income and borrowing and cash flowing out of your business (checks written from your business account) to pay expenses, buy equipment, and take care of other business expenditures. A Cash Flow Projection, is a documents that shows where cash is coming from, where cash is going, and when the activity takes place. It is a forecast of your monthly cash position over the next 12 months. It helps you to determine where your shortfalls are, and what, when, and how to finance what needs to be done.

Yes You Can Write A Business Plan and I’ll Show You How (includes a chapter on how to create your own cash flow chart)

Have you heard the term, location, location, location?

Have you heard the term, location, location, location? Location is everything when it comes to business.  Think through how important location will be for the success of your business. For location is the most critical decision you will make. For other business, location may be important in order to project a particular image. See it through the eyes of your customers. Do they shop online, why or why not? Many businesses choose to be online only and others only want a physical location. The recommendation is to have both, an online and offline presence in the marketplace. For some business, choice of location is important. Remember to be aware of any local zoning regulations that may affect your business.

Yes You Can Write a Business Plan and I’ll Show You How (amazon)

Carefully analyze and define your market clearly.

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Carefully analyze and define your market clearly. Provide demographics on who the major customers for your product or service are, where they are, and why they buy. Are you offering a seasonal product or service? What is a geographical coverage of your market?

Your markets refer to the people at whom your products and services are aimed. In marketing terms, it is your “target market” or the customer that are the target of your sales efforts. You may have more than one target market.

For new businesses, your target market may be people currently buying similar products or services. If you have an existing business, your target market maybe current customers; it may also be people you have not yet reached.  In either case, finding your target market often requires some experimentation of trial and error.

Target markets are described in terms of their share characteristics. For example, if your product/service is aimed at individuals, you can describe them by age, income, geographic location and lifestyle. If your product/service is aimed at organizations, you can describe them by number of employees, sales, geographic location and industry.

It is very important for you to choose a particular segment of the market and concentrate on its needs, with your products and services. No product or service can call its target market everyone.  It is not enough just to produce the product or offer the service.  Customers are constantly bombarded with sales to buy products and services. You need to aim at a particular market and inform the market that your product or services is meant for them and why. To do this effectively, you need to know who your market is and what their other choices are.

Yes You Can Write A Business Plan and I’ll Show You How (amazon)

A key ingredient to launching a new business successfully is

YesYouCanEnterprise, LLC.

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A key ingredient to launching a new business successfully is writing and implementing a business plan. The business plan lays out a course of action for your company for the first 36 months of operation.

Eight reasons why you should do a business plan.

One – test your idea on paper before committing time, money, and resources.

Two – to chart the direction of your idea and how to get there (and you should really have follow the plan once it done).

Three – decide what people, facility, organization, and resources you can use to turn your idea into a reality.

Four – to set some standards of control, evaluate possible outcomes, and to improve your business idea.

Five – to anticipate problems that will arise as you operate your business, and have preventative actions planned.

Six – to plan for personnel, capital and facilities.

Seven – to know the…

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Yes You Can Be Great!

Be great, believe in yourself, and have courage.

YesYouCanEnterprise, LLC.

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“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.” –Vince Lombardi

#projection #write #writing

Yes You Can Write a Business Plan and I’ll Show You How (amazon)

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The reality is that most entrepreneurs, who start a business, don’t start with a written business plan

YesYouCanEnterprise, LLC.

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The reality is that most entrepreneurs, who start a business, don’t start with a written business plan. They often think that they can document it later, relying on their memory to fill in the blanks.

Why not plan as you go? Many entrepreneurs have started their business on a shoestring budget, while writing their business plan. That’s ok, just write it down!

The business plan is an instrument that changes over time and must be constantly updated. The business plan is not written in stone, it can be carved to reflect the past, the present and the future.

The truth is that good planning, preparation, and research can help make you a very successful entrepreneur.

Keep these facts in mind while planning your business venture. Know who you want to sell to. Have a passion for the skill of your business. Does thinking about your business bring a smile to…

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