O'Reilly logo

Succeeding At Your Yahoo!® Business by Linh Tang, Frank Fiore

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 21. Financial Planning

In This Chapter

• How to create a proforma

• How to create an income statement

• How to create a cash flow statement

• How to create a balance sheet

If you’re going to make the transition from a part-time business to one that will become a primary source of income, you need to have a good idea of what money you’ll need, where it goes, and how it’s spent. You need a clear picture of your financial position at any one point in time.

To do that, you need a proforma (a projection of your revenue and expenses) and what’s called in the accounting trade the Big 3 financial statements (income, cash flow, and balance sheets). The financial planning you do for your business is just as important as your business plan. If ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required