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.
post construction cleaning Deerfield ..Simply put, fleet maintenance allows companies to monitor and maintain... Read More
Great Plains Purchase Order Processing (POP) module makes up one-third... Read More
Microsoft Business Solutions Great Plains is mid and even corporate... Read More
The intentions of this short tutorial are not to teach... Read More
Looks like Microsoft Great Plains becomes more and more popular,... Read More
Whether you are an experienced web programmer or a complete... Read More
Looks like Microsoft Great Plains becomes more and more popular,... Read More
XML Server can be a Web Server that stores the... Read More
Programming Help for BeginnersWe write programs to instruct computers. When... Read More
This article illustrates the best practices to improve the performance... Read More
Have you noticed WordPerfect is gearing up for a comeback... Read More
Anti-virus software is used to find, remove or fix files... Read More
Microsoft Business Solutions Navision serves both European and American megamarkets.... Read More
So, you've bought a new Macintosh, and now you may... Read More
For those who still don't know, Microsoft Publisher helps computer... Read More
Remember back in the days where screensavers were the coolest... Read More
Features Additionally, Vista will include many other new features.Aero Vista... Read More
Microsoft Great Plains, designed back in 1990th as database transferable... Read More
What is Tripwire?Tripwire is a form intrusion detection system (IDS)... Read More
Microsoft Great Plains has substantial mid-market share in the USA... Read More
Do you remember that frustrating feeling when you find an... Read More
Microsoft Great Plains ? ERM from Microsoft Business Solutions and... Read More
We would like to give you several situations, when you... Read More
Looks like Microsoft Great Plains becomes more and more popular,... Read More
If you look back to the history, you will see... Read More
Airbnb cleaning service Bannockburn ..It???s easy to understand why you might be drawn to... Read More
Heard about the Quark "killer"?Adobe InDesign CS2. Will it really... Read More
In the early days of the personal computer, we're talking... Read More
Microsoft bought Navision, Denmark based software development company, along with... Read More
Introduction To ISDN, Part III: Configuring PPP PAP AuthenticationNow we... Read More
We are in a transition phase in the Managerial Administration... Read More
This article is for advanced Microsoft CRM SDK C# developers.... Read More
Professional services firm cuts costs and improves productivity with integrated... Read More
There are many commands that are used in linux on... Read More
While I was preparing some personal background information for a... Read More
I have always had a tendency to focus on the... Read More
Now there are Three Steps To Heaven Just listen and... Read More
If there still are few unprotected computers left, I haven't... Read More
When Great Plains Software introduced the first graphical accounting application... Read More
I started using PIP (Picture It Publishing) Platinum 2002 right... Read More
Adobe Photoshop is one of the world's leading graphics editing... Read More
As of now - Great Plains Dynamics/eEnterprise is transformed/renamed into... Read More
A wiki is an editable text-based website. But you don't... Read More
Microsoft Business Solutions Small Business Manager is Great Plains Dexterity... Read More
COMMAND LINE FUNCTIONA powerful command line script processor has been... Read More
I have always regretted how Microsoft price gouges and rips... Read More
Microsoft CRM has built-in conversion tool, however you should probably... Read More
Microsoft Great Plains fits to majority of industries, in the... Read More
When Windows fails to boot it is normally caused by... Read More
In our small article we'll consider Microsoft Business Solutions Great... Read More
Software |