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Posts Tagged ‘Bookkeeping’

Bookkeeping is crucial to small businesses in order to keep track of sales and profits. See the importance of bookkeeping with tips from a business consultant in this free small business video. Expert: Daniel Diener Contact: www.bscusa.com Bio: Daniel Diener is a co-owner of the Business Success Center in Central Texas and has been helping businesses for over 25 years. Filmmaker: Demand Media

There are three parts to small business bookkeeping, including data entry, filing and analyzing. Keep records in three steps with tips from a business consultant in this free small business video. Expert: Daniel Diener Contact: www.bscusa.com Bio: Daniel Diener is a co-owner of the Business Success Center in Central Texas and has been helping businesses for over 25 years. Filmmaker: Demand Media

Financial forecasting reminds me of the weather – you make your forecast at a moment in time based upon the information currently available. You draw a conclusion and state your financial forecast.  But then, the information changes, now it’s raining, and you’re caught without your umbrella!

Financial forecasting, unlike the weather, isn’t a science but it’s not pure guess work either.  It is a combination of:

knowing your business;

understanding your marketplace;

setting goals; and

using common sense.

As a business coach, I know that every small business needs to make reliable financial projections at one time or another.  Forecasting is critical during the following stages of a company’s life span:
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