Look for significant changes in absolute values or relative distribution of assets, liabilities, or expenses (%). Learn how to analyze your business using financial ratios.
Download Excel File Many financial institutions will require information about your personal financial data for various reasons, including in order for you to obtain a loan.
Completing a competitive analysis is necessary in establishing what makes your product or service stand out from your main competitors.
Once you know what makes your business unique, you can work to dominate that specific area.
Many owners, especially retailers, like to calculate a daily breakdown.
This gives everyone a target to shoot at for the day.View this sample cover letter to get an idea of how to format your bank loan request. Our SBA loan calculator will help you see just how affordable your SBA loan can be.One of the best uses of a breakeven analysis is to play with various scenarios.Download Excel File The value of this spreadsheet is that it puts a lot of information in one place to facilitate comparison and analysis.Enter information from your past three years’ financial statements and from current year-to-date statements.For instance, if you add another person to the payroll, how many extra sales dollars will be needed to recover the extra salary expense?If you borrow, how much will be needed to cover the increased principal and interest payments?On the expense side, you have to predict when you will have to write the check to pay your bills.Try to make the cash flow statement as realistic as you can line by line.SCORE is a nonprofit association that is dedicated to helping small businesses succeed by providing education and mentorship.Click here to learn more about their programs and initiatives.