What are your personal goals? Your personal goals have a direct influence on how you run your business. The bottom line is your business should be able to provide for your financial freedom. To make this happen you first have to put a number on those goals. The template helps you compute what your business goals should be based on your long term intentions This workbook will help the entrepreneur: 1) Gain laser focus by knowing what is required from his business i.e. what the potential size should be 2) Jump start the planning process by giving the entrepreneur measurements he/she can use against his plans
A lot of us are so busy, and we do not always look back at all our past transactions to see where we might be missing some tax deductions. A place where deductions love to hide is the balance sheet. Accounts like receivables, payables and fixed assets are some of the big ones.
Use this spreadsheet to find some hidden deductions in your balance sheet.
Also use for accrual to cash basis conversion.
If you are looking for a budget spreadsheet where you can enter your projected income and expenses and the spreadsheet automatically calculates cash flow, tax liabilities and analyzes the numbers with some important metrics then this spreadsheet is for you.
When budgeting it is not only important to project income and expenses but how this projection affects your desired outcome. Budgeting an increase in revenue without the corresponding increases in expenses or effect on cash flow is not very effective. In this spreadsheet, you can modify the budget by making assumptions in the what if analysis tab.
This free version does not contain the sub-budget workbooks
To get the complete budget, see Business Budget Template
This workbooks works with this free course
While running your business we often run into tools that could help us do our business better. We start a subscription, use the tool for a couple of months and sometimes choose to abandon the tool. The only problem is we sometimes forget to cancel the subscription. As a result, we carry expenses on our books that no longer bears fruit for our business.
To combat this problem, use this worksheet to track your ongoing subscriptions. To be effective, you will need to have a dues and subscription line item in your accounting software where you track all subscriptions. On a monthly basis, compare the total on the spreadsheet with the total of the line item in your financial software. Be sure to investigate any differences as this may be cancelled subscriptions that are still being charged to your account.
This little change can save thousands over a couple of years. It’s amazing how little expenses can add up to big expenses over time.
What should your potential size be?
This workbook is designed to help the business owner who is not really interested in growing a multi national corporation, but simply wants a business that supports both needs and wants and financial freedom goals
The dashboard calculates what the potential size of your business should be and estimating If your idea is capable of growing to that size.
This workbook will help the entrepreneur do four things:
1) Gain laser focus by knowing what is required from his business i.e. what the potential size should be
2) Jump start the planning process by giving the entrepreneur measurements he/she can use against his plans
3) Discard any plans that does not measure up to the ideal size.
4) Estimate whether the opportunity currently pursued is big enough to meet the retirement goals
In this workbook you will find: