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Finances
Update Business Financial Projections
After several accounting consults you may have a reasonable financial model in place. Based on all you've learned and discovered it is important to revisit your projections.To help prepare for almost any situation, you can make three versions. Make an optimistic version � that is if everything goes as planned. Make a realistic version assuming some delays and setbacks. Just make sure you understand what it is that is creating the setbacks so you can model them. Finally you can make a very pessimistic projection that details a very rough start. Most likely, reality will be somewhere in between all of these, but this exercise can help you not fear the unknown and prepare for any situation.Even wild success and growth can have challenging consequences so you want to be prepared for that as well.
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Account Consult II
Now that you've worked with an attorney and put more time into your business model, it's worth a second visit to your CPA. There may be questions from consult #1 that you need to follow-up on and the attorney may have given you homework to explore with your CPA.The goal here is to make sure your business is set up for successful operations so you can track revenue, costs and have no surprises from a tax perspective. If you made some initial business model projections, the CPA may be able help evaluate your model and assumptions. They might even recommend a part-time CFO (Chief Financial Officer) to further help with this process.
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Small Business Marketing 101: Using Email, Social, Video and More
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Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.
