Basic Financial Statements, Cash Flow, And Why You Should Write A Business Plan

In this episode of the Startup Daddy podcast, I talk about the importance of writing at least a basic business plan, and how to tackle some basic financial statements: Startup Expense Table, Break-even Analysis, and Cash Flow Statement.

When you write a business plan, the process is the juice.  Going through the research and thought necessary to complete the plan is what you get the most out of.  That’s why I give away the business startup tool kit when you sign up for my newsletter.  I want you to do this and I want to make it easier for you to do this.

You need to have a solid grasp on your financials to succeed.  So in this episode I talk about a few of the important financial tables you need to understand- the Startup Expense Table, the Break-even Analysis table and the Cash Flow Statement.

This episode’s Time Saver Quick tip is about Google’s Wonder Wheel- a graphical flow chart of search results that is great for brainstorming.

Listen here:

Download the Mp3 for this episode (right-click link and select “save link as”)