Success Secrets: Do The Numbers

One of a series of videos on business planning by Tim Berry, whose company, Palo Alto Software makes popular business planning software Business Plan Pro . This video, Develop Your Business Plan, Part 5 , is a great introduction to the financial “nuts and bolts” of any business, including:

Sales Forecast
Personnel Plan
Balance Sheet
Cash Flow projection

There's a really cool slider tool allowing you to forecast your cash balance depending on how quickly/slowly you get paid and how quickly/slowly you pay your own bills. It definitely proves, as Berry states, "Profits are not cash".