ABS Blog

After you’ve finished the financials, it’s time to actually write your business plan. There are 10 sections of a business plan and each section has several subcategories. Simply go through each one to explain your new venture. Once your business plan is complete, you’ll be all set to share it with banks, potential investors, prospective partners, and key employees. Watch this video to see how easy it is to use Ultimate Business Planner!

This week we’ll review part four of our six-part video series entitled “Will Your New Business Make Money?” We’re showing you how our business plan software can help you figure out if your company will make money at all, and if so, when it will start making money. Watch this video to see how straightforward it is to enter expenses in our business plan software.

Last week we blogged about the four quick steps you need to take in Ultimate Business Planner for it to create your financial projections, such as profit and loss statements, balance sheets, cash plans, and financial ratios. We showed you the video about the first step, which was filling out the Company section that includes basic contact information, as well as company structure, ownership distribution, and credit policy. This week we’ll talk about income projections.

If you plan on starting a new business, how will you know if it will make money? Finding out the answer may be easier than you think. Preparing business plan financials can seem overwhelming. An easy tool to use to figure out the answer is Ultimate Business Planner. Our business plan software gives you an easy way to prepare projected profit and loss, balance sheets, cash plans, and many other types of financial projections.

Many new business start-ups need a loan or some other type of financing in order to launch their new venture. You can enter potential loan information into Ultimate Business Planner, our business plan software, to calculate your monthly debt payments.

The first step in preparing your financial statements is to list your projected income and expenses. Our business planning software Ultimate Business Planner is so flexible that it lets you define your income and expense categories, so they are specific to your company and your needs.

Last week we attended the ASBDC (Association of Small Business Development Centers) conference in San Antonio, Texas. This is the third year we’ve attended the national conference to exhibit Ultimate Business Planner, our business planning software, and the interest by local chapters continues to grow. Many SBDC offices around the country already use Ultimate Business Planner in their one-on-one sessions and small business development classes.