Business Planning Resources for a Small Business
If you are looking for business planning resources for a small business, our planning resources are useful for both startup businesses and established businesses that want to develop a road map for business success.
New Business Guide for Finance
We know that before a business can get too deeply involved in regular planning, they must have sound accounting and finance systems in place. Use the following guide to get your business on sound footing with regards to its accounting and finance systems.
Business Model Canvas
The Business Model Canvas is a business planning document used as part of a lean startup initiative for developing new or evaluating established business models. It is a visual chart with predefined sections for describing a firm’s or product’s value proposition, infrastructure, customers, and finances. If you are just getting started with an idea or are looking to revisit your existing business, this is a great tool. Please contact us if you would like to discuss.
Profit First Model
The Profit First Model is a model built by Mike Michalowicz author of the book Profit First. It is a model that is designed to help entrepreneurs allocate profits towards growth and income. The author’s model has been modified slightly to provide an incremental scale for profit distributions. We would be happy to review how it can fit your business planning needs. Please contact us for a free consultation.
Business Case Model
The Business Case Model is used to help make investment decisions for projects or purchases that result in either an increased cash inflow or a reduced outflow. It allows a business to evaluate how the how the expenditure compares to the change in cash inflows/outflows after adjusting for timing differences and the cost of capital. While the attached model is very simplified it can address nearly any decision at a high level. If you would like to discuss with us how to identify what numbers you should input, please contact us.
The Department of Labor (DOL) Calculator was developed by Herbert Legal Group to help small business owners determine how best to classify and compensate their hourly employees under the 2016 DOL Overtime Rules. It is a simple calculator that requires few inputs and delivers easy to understand ouputs. Please contact us with any questions.
How to Get a Business Loan
Part of effective business planning is making sure that your business is properly funded. The following article covers the topic of how to get a business loan so well that we wanted to share it. Since one of the most important parts of getting a loan is providing financials, if you need help getting them ready and increasing you likelihood of success, please contact us.