The Enloop Business Plan Writing app allows you to write your business plan based on three different timeline models to create a three-year forecast. The models increase from simple to more complex...
Starting a business includes deciding on the type of legal formation. This is an important decision that greatly affects how your company is taxed and managed. Enloop's free business plan writing app automatically includes your specified legal formation in your business plan text. Here's what you need to know and how your legal formation is included in your business plan...
You can now format all of your text with Enloop's rich text editor. You can format your text any way you want...you can add images...tables...and even copy & paste from web pages directly into Enloop’s text editing area. Insert over 100 real-time financial metrics right into your text using Enloop's TechSync™ technology.
We here at Enloop love to build ingenious technologies that help you write and manage your business plan documents. Now we've just released our new, proprietary TextSync™ feature, which lets you plug over 100 different real-time financial data metrics from your business plan's financial forecasts directly into any text you write. This keeps your text always in-sync with your financial forecasts, so you never have to manually edit that text to update your numbers. Ever!
There’s nothing like a cash crises in your business to make you take a hard look at how efficiently cash flows through your company. But don’t wait until you’re panicked about cash to improve your cash flow. You can and should take steps now to improve the financial health of your company. Here are three simple ways to keep more cash in your company.
Cash crunch! Those are dreaded words for a small business owner. If you’re up against a cash crunch, there’s a chance you didn’t see it coming. Or you were averting your eyes. A better approach might be to learn how to avoid a cash crunch altogether...
Cash flow forecasts got you down? Creating a cash flow report is a necessary part of managing a business, but can also be downright tedious. Take heart and explore these time-saving templates, apps and services that can make your cash flow reporting job a whole lot easier...
We're adding more free features all the time to make Enloop even better. Check out our latest improvements, designed to help ease your business plan load: Upload your company logo; test drive our awesome AutoWrite feature; choose between forecasting by units or by revenue; and invite anyone to collaborate on any plan. All for free!
We’re taking the mystery out of why, exactly, cash is king in a business and examining how to understand and manage cash flow. All of the fear-inducing references you’ve heard and read about cash being king in your business are absolutely true. But cash isn’t just king. It’s the entire kingdom.
A great business plan has many sections, but my favorite by far is called “Competition”. That one section is enough to tell a potential investor whether you are a great business builder or headed straight for catastrophe.
As the founder of a software company that bootstrapped its way to life, I was always hyper-aware of time as a precious commodity. The startup stories you hear about long hours and sacrifice are true—I’ve been through the war and can confirm that you always wish you had more of two precious commodities: time and money. There never seemed to be enough of either to run the day-to-day operations, much less to develop and execute new business development. Yet the less time you spend on new business development, the less money you generate.
We can argue all day long about whether your business plan should be 3 pages or 30 pages, but one thing is certain: You aren’t finished with the plan until you can describe the 5 critical aspects of your company: The idea, the product, the market, the team, and the money.
There are a thousand ways that a business can go off track – a thousand ways to fail. And as miserable as it seems, thinking about failure is as important to your business planning as budgeting and marketing.
Have you ever considered the various businesses that participate in putting on a Major League Baseball game? While the "businesses" that get the most attention are the baseball teams, there are many other businesses that handle the food concessions, the shops that sell jerseys and other team paraphernalia, the company that manages the stadium, and the list goes on and on. In order to properly forecast financial results, it is important to distinguish whether the company is essentially a "manufacturer" or a "service provider". In this article, I will discuss the differences between these two types of companies and explain how these differences affect their financial forecasts.
Let’s face it. Writing a traditional business plan is a bother… nobody loves the reading, writing and arithmetic that go into a plan. We want to get started. We want to make some money. We are a generation of “Just Do It”, and we want to do it NOW!
With today’s tight credit markets it can seem impossible to get the cash a small business needs to keep going. And with many small business owners resorting to their personal credit cards or even putting their homes at risk through home equity loans, better options are in need. Still, many small business owners think the big bank is their only option. Alas, when it comes to raising cash, sometimes it pays to be a little creative. Here are some options that may not be so obvious for financing operations that might be worth looking at, depending on your situation.
Small businesses understand that cash flow is their lifeblood. And while it would be nice for the business to always generate positive cash flow, sometimes we need a little help to get through the ebb and flow of the business cycle. Sometimes “cash flow” has to be borrowed. The trouble is when you go looking for credit you’re not always sure how you’re creditor will interpret your risk as a small business borrower. It’s important to understand that different creditors have different approaches.
Imagine that you have the opportunity to invest in a company. The current owner paints a very bright picture of the company’s future. He says that the company has been so busy that current employees can't keep up with sales. As a result, the company needs cash to continue to grow. The company’s income statement looks too good to be true as it shows a lot of revenue and very few expenses. (You’ve discovered a cash cow!)
When I sat down to write this article I considered several titles; Not All Plastic is Created Equal, Don’t Take it Personally, Swiping Your Way Into Chapter 7, and several others that aren’t worth mentioning. I chose the one with the word “Collide” because that’s how many small business owners feel when they make the mistake of mismanaging their small business credit card accounts.
If you're contemplating leaving your day job then these scenarios are likely playing out endlessly in your mind. Your decision-making process might be made easier if you can check a few items off of your 'quit your day job to-do list' before you actually quit your day job.