Projections
I read an article by C. Norman Beckert, district director for SCORE, in the Idaho Statesman’s business magazine Business Insider (I’d link to it, but it’s subscription only), in which he discusses whether or not you need a formal business plan for your business idea. His answer was spot-on: It depends. He feels that unless [...]
When my partners and I sat down to determine if we could start a business on what we had to work with it ultimately fell to me to figure it out the answer. This is probably because I love spreadsheets, numbers, and models. But creating a model to forecast business income and expenditures is no [...]