Fiscal Doctor

Dramatically Accelerate Correct Fiscal Leadership Decisions!

business projections

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How to Create the Modern Business Plan

Every entrepreneur or small business owner knows he/she needs a business plan, but it’s no one’s favorite part of finally pursuing your dream. As a result, most small business owners never get around to putting together a plan, and a year later their visions and their businesses have stalled. Four out of five small businesses will fail, but you improve your chances of being the one that succeeds when you take the time to develop and create an effective business plan

But where do you start? There are countless blog posts and articles on the web about how to create a business plan. There are even some that say you shouldn’t create a business plan. How do you know which strategy to trust?

Trust the people who have built successful small businesses.

On Wednesday, June 15, at 2 pm EST, Grasshopper is hosting a Fireside Chat event, “How to Create the Modern Business Plan for your Startup.” Registration is open and free at http://grasshopper.com/firesidechat/.

These live, online events bring together small business experts and successful small business owners/managers to discuss strategies and ideas that will actually help entrepreneurs. Red Rocket is excited to sponsor this Fireside Chat, which will explore:

  • What factors should be present in every business plan.
  • When you should get a patent.
  • What story an executive summary should tell.
  • What to include in industry and company analyses.
  • What goes into an operations plan.
  • And much, much more.

Guest panelists for this roundtable will be:

Jesse Lear, the Co-Founder of VIP Waste

Grasshopper is a Massachusetts-based brand that provides a virtual phone system that helps entrepreneurs sound more professional and stay connected from anywhere. Founded in 2003, Grasshopper now serves over 150,000 customers.

FiscalDoctor exists to translate tested business insights into success and growth for your business, which is why I am excited to co-sponsor Grasshopper’s Fireside Chat event, “How to Create the Modern Business Plan for your Startup.” This free, online event will take place Wednesday, June 15, at 2 pm EST.

The event is a live, roundtable discussion that will explore the structure and content of a modern business plan, how to write it, how to turn it into practical action, and much more. If you are an entrepreneur or small business owner, you won’t want to miss this opportunity to hear from successful small business managers. If you’ve been putting off that business plan—this is your opportunity to knock it out of the park.

Registration is open at http://grasshopper.com/firesidechat/.

risk assessment to uncover opportunities to accelerate and risk to minimize
risk assessment to uncover opportunities to accelerate and risk to minimize

 

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Are you starting to coast on past success?

Consider the Wall Street Journal article link below as a wake-up call about where your business may be getting a little too comfortable on past success. Granted you should pat yourself and your people on the back for what you did last quarter.

But if they still are basking in the pat on the back for last year, a wake-up call may be coming. Wonder if the competition one or two slots behind you is coasting? Or are they working harder to seize an opportunity to pass your business on the next turn?

When was the last time you conducted an offsite strategic workshop session, rolling budget update or just looked for the Million Dollar Blind Spot: Before it Finds You?

http://blogs.wsj.com/cfo/2015/10/07/earnings-growth-slowing-for-private-middle-market-companies/

 

risk assessment to uncover opportunities to accelerate and risk to minimize
risk assessment to uncover opportunities to accelerate and risk to minimize

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Fiscal Clinic Wealth Roadmap Download

Glad to share this 3 minute self assessment for you to add value to your equity and business. It is meant for leaders who are looking to improve sustainable profitable growth- helping you grow top line revenues, keep more of the bottom line or just make life more fun.

Consider this a self directed strategic workshop you can review offsite instead of a full blown enterprise risk management overview, risk management assessment, or even a business assessment.

Fiscal Clinic Wealth Roadmap

A related more corporate 5 questions self assessment where you can email me a note is available at https://fiscaldoctor.com/fiscal-quiz/

Or call me at 678-319-4739 to briefly pick my brain.
 

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The Effects of Accounts Payable Terms on Cash Conversion Cycles & the Cost of Goods

Welcome, I’m Gary Patterson. Let’s talk about the impact of accounts payable terms on your cash conversion cycle and your cost of goods. Simply said, the longer terms you give people on accounts payable, the slower that cash cycle works because the definition says you get ready to start something and it ends when the cash comes in so if you add ten days to the cash conversion cycle by changing those payable terms, you’ve impacted yourself and someone says oh, but I don’t see how that would impact cost of goods sold, well let me tell you this one, if you don’t do this right and you sort of decide to stretch your vendors a little, they’re going to start charging you more so the cost of the product goes up, hence the part that talks about it’s costing you on cost of goods sold. So the balance is do what it takes to optimally register how to do this, when to do it and the opportunity is that properly applied, credit can increase your sales and your profitability. Thank you.

http://smallbusiness.chron.com/effects-accounts-payable-terms-cash-conversion-cycles-cost-goods-78099.html