8. Number crunching
Many of us fear numbers, or see working with them as a terrible chore, but working accurately with spreadsheets will quickly show you, and others, if a business is viable.
These financial documents can be a prophetic vision of your financial future; when the hard graft is over each month, those figures you have entered under salary will be your reward.
When creating your financial spreadsheet, you really should be looking to prepare for every possible eventuality that you can foresee over the next three years. Even if your business is going to be in an office or a shop and you are looking to run a transactional website as a bit of a sideline, it could be that web sales will be your major route to market in eighteen months’ ...