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Finding the Money for a Franchise
The cost of buying a franchise can be substantial, but you don't have to be a trust fund baby to get into the franchise of your dreams. Find out more...

Other personal financial statement Related Articles

The Path to Selling Success
A Road Map: The Mission Statement The first step on your road to success is to define success. This is accomplished by writing a professional mission statement. A mission statement is like a rudder on a ship; it determines your direction. Without it your purpose can be unclear, vague or prone to change-based external influences. A mission statement is a way of accepting personal responsibility for your life. We choose who we are, or want to be.

Mission Statement and Goal Setting for Sales and Marketing Professionals
A Road Map: Your Personal Mission Statement. The first step on your road to success is to outline and define where you want to go and the kind of sales and marketing professional you want to become. This is accomplished by writing a professional mission statement. This should be a brief statement (about four sentences) that describes the person you are or the one you want to be. This is the rudder on the ship that will determine your direction. It is your road map to success. Everything you do in your sales or marketing role should be in line with your mission statement. Living your mission statement is the true meaning of success.
Don't Adjust My EBITDA
In my first business, we didn’t have a line for EBITDA on our financial statement. We went straight to Net Income. We knew our cash flow from our statement of cash flows (and our bank account which we checked regularly since we were self funded.) We never talked about EBITDA, nor did we ever feel the need to come up with things like “Adjusted EBITDA.”

Impress your bank manager! How to read your profit & loss account report
If you are relatively new to the business arena, you’re probably not too good at reading financial statements. But for someone who is planning to start a small business, it is crucial to learn how to read financial statements and understand what they mean. Today, we are going to discuss one type of financial statement called the profit and loss statement. A profit and loss statement is a summary of your income and expenses over a certain period of time, usually a quarter or a year. The profit and loss statement is important because it helps you to understand the profitability or financial condition of your company over that certain period of time.
THE VALUE OF A PERSONAL MISSION STATEMENT
I am sure that all of you who work in a corporate environment are familiar with your corporate mission statement? It is the one that typically hangs in the front reception area or perhaps on the wall in the boardroom. But do you have a personal mission statement and/or understand in a meaningful way what your purpose for living actually is?

Do We Really Need a Mission Statement?
Many organizations confuse the concept of a vision statement with a mission statement. They might say, "Our mission is to become the world leader in windows." Well, that is reallly a vision statement, not a mission statement. A vision statement is always about the future, while a mission statement is all about what we are trying to do today. It is very important to know that. This article will clarify a process to obtain a good mission statement.

I Have my Competitors or Customers Financial Statement – Now What?
The article discusses basic techniques in analyzing and understanding a competitor or customer financial statement, with emphasis on the non- financial professional .
Understanding the Income Statement
Income statement can be viewed as a summary and final evaluation of company’s business activities for the past fiscal year. We will discuss the components of an income statement, their classifications and the ways it is connected to the other financial statements. After reading this article you will have a basic understanding of accounting principles behind the statement of earnings.
Accounting Basics
In part one of this article I detailed what accounting is and why it is important to your small business. In part two, I will go into greater detail on the three parts of a financial statement: the balance sheet, income statement, and cash flow statement.

A Guide to Franchise Financing
So you've decided to buy a franchise. Congratulations! Franchising is a great way to go into business for yourself with reduced investment risk. Associating with an established company provides instant name recognition as well as access to training and ongoing support to help ensure your business is a success. Now it's time to determine how you will finance your new business. Fees associated with purchasing a franchise may include franchise and royalty fees, equipment, inventory, working capital and more. The first step is to take inventory of your financial resources by creating a personal finance statement to verify your net worth. This statement should include a listing of both your assets and liabilities.
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