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Business Plans 101: Part 2
A business has a substantially better chance of succeeding if the entrepreneur takes the time to write a business plan. Not only can missteps be avoided, but the process of writing a business plan also allows the entrepreneur the opportunity to think proactively instead of reactively. When dealing with the day-to-day needs of a business the entrepreneur is typically in “firefighter mode,” putting out the fires of the day. Writing a business plan lets the entrepreneur take a step back and think about the business in a “big picture” context. This article continues the discussion of what needs to be included in a business plan, specifically outlining what needs to be included in the financial (or "numbers") portion.
Business Plans 101: Part 1
A successful business needs a solid foundation. Most entrepreneurs’ missteps are avoidable through proper planning—taking the time to think through and work through all aspects of developing and running a business. This planning should be formalized by writing a business plan. This article explains the purpose of a business plan and includes a detailed discussion of what should be included in the narrative (or "words") portion.

Other financial portion Related Articles

Secondary Market Programs
There is an active secondary market in the loans guaranteed by the Small Business Administration. This market was created to increase the attractiveness of small business lending to the lending community. Through the market, lenders are able to sell the guaranteed portion of SBA guaranteed loans to investors and thereby improve their liquidity and increase their yield on the un-guaranteed portion of SBA loans.

Tips for Business Financial Accounting Management
There are seven important tips that can help in the management of the business financial accounts. The portion of accounting management that plays an important role in overall business growth and development.
I’m Right, You’re Wrong: Behavioral Science Explains Away This Universal Belief
Each person is limited by their perception to access only a portion of reality, and they build their beliefs, values, and conclusions about the world based on the portion of reality they perceive. From this perspective people who perceive the world differently from you are not wrong, they are just seeing a different slice of reality than you are.
4 Ways to Build Financial Confidence
Imagine feeling a strong sense of financial confidence. What would this look like for you? Financial confidence means that you are, without a doubt, in control of your financial life, you know what decisions are the rights ones and you make them with clarity and definiteness, and you have total belief and trust in yourself to achieve all your financial desires. Learn 4 ways you can build financial confidence in your life to begin feeling more empowered!
Do Your Financials Need Therapy? Try Purpose!
Can you imagine your financial statements lying on a therapist's couch, seeking for advise on how to gain greater strength to face the market? They may appear perplexed and bewildered, not understanding why the numbers are so anemic or even what they mean. Many small businesses experience this. From my experience, a large portion of business owners have poor financial management. Did they make a profit? Then nothing more needs to be examined. If no, head scratching begins. The financial statements contain a wealth of information for managing the business. They must be closely scrutinized for the business to be successful. Not only that, but financial management includes so much more: sound practices, planning, markets analysis, objectives, and cash flow analysis.
4 Most Important Members of Your Financial Team
When it comes to your financial success, there are certain professionals who should definitely be on your financial team. They include an accountant, estate lawyer, financial coach and financial advisor. These professionals play an important role in helping you achieve your money goals. Here’s why each professional can be an asset on your financial team:
4 Ways to Increase Your Financial IQ
Having a high financial IQ means the most when it comes to your financial success. A high financial IQ means you make smart financial decisions and take the right action to better your financial circumstances. Here are four ways to begin building your financial IQ today!:
Covenants can save your investment when selling your business.
When you sell your business it is very typical for you as the business owner to have to carry a portion. Also called seller financing. If this is something that you will have to do. Make sure you protect this portion of the payout. Covenants are often an overlooked component of an effective seller financing note.

How to sell your business in a down economy!
While it is true that there are less “for sale” business deals that happen during economic recession, it is not because the potential buyers aren’t looking in the market. All over the country, there is much interest but a shortage of financing options which keeps a lot of deals from getting off the ground. And as a result, sellers today are willing to finance at least a portion of the business sale to get their business sold easily. As well with new SBA bank financing rules are requiring sellers to finance at least a portion of the sell. The problem with this is as the business owner you are in 2nd position behind the bank.
The Ultimate Financial Plan
Recent turbulence in the financial markets has caused us all to question our financial plans. We are bombarded daily with advertisements and sales pitches from self-proclaimed experts, financial gurus, and all manner of miracle money managers wanting to sell us their financial plans. Buying someone else's financial plan is much like buying someone else's shirt. Odds are it won't fit, you won't like it, and the process is somewhat distasteful.

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