Are you a whiz at calculating financial information? Not the easy personal stuff, like figuring out your monthly mortgage based on a fixed interest rate for x number of years, or how much money you have available each month after all your bills are paid. (You can probably use your fingers to figure that one out!)
But the hard stuff, you know, the things you need to know when you're running a small business. Things like company and stock valuation, loan consolidation, cost of capital or even the average cost of capital, variable cash flow, operation value with different rates, those types of things?
You've probably heard of these terms but if you're like most small business owners, you wouldn't know how to calculate these results if your business depended on it. Well, guess what? Your business does depend on it!
Before your business idea even gets out of your head and onto paper, you need to be prepared to figure these types of numbers out. If you're planning to do a business plan, which, by the way, is a very good idea, you will need to include an entire section of the business plan devoted entirely to finances. You need to know the break-even point; the break-even point determined using various scenarios, start-up valuation, ROI-ROE, the capacity for growth and more.
And if you ever need to take out a loan for your business, you'll hear terms like payment schedule, even capital amortization, discount notes, rate and payment objectives, refinancing and prepayments. Is your head swimming yet?
You've also probably got an investment or two that you're trying to keep better track of. Stocks, bonds, real estate ? they've each got their own language and their own ways of calculating profit or loss. Do you know how much volatility is involved and the amount of yield of your portfolio? Perhaps at this point you don't even really care!
Then when you go home after a hard day's work, you spouse might even want to talk about if and when you'll be able to buy a new car, or save for the children's college, or plan for retirement.
Sure, you can hire financial analysts to figure out all these numbers for you and handle this type of work as it occurs, but it probably won't be cheap. And if you've got your business on a budget, hiring someone who specializes in numbers certainly will be out of the question.
You can begin surfing the Internet where you'll probably find instructions for properly calculating each of these and other types of figures. You can keep your fingers crossed and hope that you followed the instructions precisely and that the numbers you come up with are the numbers you and others want to see and can rely on.
Or, if you already own a copy of Microsoft Excel, you can purchase a powerful add-on product called Financial Advisor for Excel. This product contains formulas for calculating 73 different types of financial calculations; the types you'll need to run your small business and your growing family.
Financial Advisor for Microsoft Excel is really easy to use, too. For most of the calculations, all you need to do is plug in the numbers. The software then handles all of the calculations and presents them neatly in graphs and tables. And it does all this far more quickly than any professional you will hire and who you will pay by the hour.
Financial Advisor for Microsoft Excel truly does make good financial sense. So do yourself a favor and get yourself a copy today.
Copyright ? 2004 Cavyl Stewart. Get the most out of the software you use everyday. Check out the add-in software directory for more information on Financial Advisor and other great time saving Excel add-in tools, visit: http://www.find-small-business-software.com/excel-addins.html - Also, be sure to check out my Exclusive, 100% free, 100% original content ecourses.
best cleaning company Highland Park ..Looks like Microsoft Great Plains becomes more and more popular,... Read More
Microsoft Business Solutions Great Plains was historically designed to serve... Read More
Music downloads are off the charts! We're listening to digital... Read More
There are several kinds of software piracy. The bottom line... Read More
Before being able to choose a secure Internet communication system,... Read More
The fact that a software tester is a most infamous... Read More
Microsoft Business Solutions CRM data conversion deserves FAQ type of... Read More
Does Microsoft Have any Real Competition? Copyright (c) 2003 Gregory... Read More
Programming Help for BeginnersWe write programs to instruct computers. When... Read More
This tutorial covers OLAP solutions used by Data warehouses and... Read More
How to delete the user? This is the first problem... Read More
Microsoft Great Plains serves the wide spectrum of horizontal markets.... Read More
It is a well known fact that Java as a... Read More
There are many commands that are used in linux on... Read More
Microsoft bought Navision, Denmark based software development company, along with... Read More
Linux essentials:It's free for download but you have to pay... Read More
Once a business idea is selected, it is highly recommended... Read More
Microsoft Great Plains has substantial mid-market share in the USA... Read More
The first topic we are going to discuss... Read More
As we could imagine, if you are reading this article... Read More
Microsoft bought Navision, Denmark based software development company, along with... Read More
Microsoft Business Solutions CRM proved to be reliable solution in... Read More
Microsoft Business Solutions Great Plains is marketed for mid-size companies... Read More
The objective for Zandi Digital is to make available clever... Read More
Microsoft CRM is new player on the CRM software... Read More
high-end home cleaning Winnetka ..We all already got used to computer monitoring both at... Read More
Microsoft Business Solutions Great Plains is written in Great Plains... Read More
If someone entered your home, uninvited and installed numerous cameras... Read More
In the early days of the personal computer, we're talking... Read More
IBM Lotus Notes with Domino email server is traditional document... Read More
Microsoft CRM is winning market share step-by-step from such the... Read More
Looks like Microsoft Great Plains becomes more and more... Read More
Our company, Novaprof Inc., developed unique software - DB Integration.... Read More
Finally, you have some time to personalize your desktop with... Read More
Microsoft Business Solutions Great Plains is marketed for mid-size companies... Read More
What is Snort?Snort is an open source network intrusion detection... Read More
Most people don't use Photoshop to its fullest capabilities. Here... Read More
Several software companies design programs for preventive maintenance. Most of... Read More
Microsoft Business Solutions Great Plains is marketed for mid-size companies... Read More
Microsoft Great Plains is now standard mid-market ERP application, serving... Read More
Microsoft CRM is CRM answer from Microsoft Business Solutions.The whole... Read More
Stealing company information used to be the specialty of spies... Read More
Each Industry and market niche has business specific and unique... Read More
I completed an experiment recently. I wanted to find out... Read More
Microsoft Great Plains has full-featured Manufacturing suite of modules: Capacity... Read More
In the new era of internet marketing the problem of... Read More
IntroductionSurprised, by the title? well, this is a tour of... Read More
Buying accounting software is a major investment. It's an important... Read More
Spyware and malware are large problems for Internet users today... Read More
XML Server can be a Web Server that stores the... Read More
Software |