Secret Business Tips

Archive for the ‘Business Negotiation’ Category

I am always amazed at how many entrepreneurs run their business without a thorough understanding of their business finances. And even for large companies, in many cases find that large projects or start new business units are started in the absence of a solid business case to bring the expected benefits of the future together with all costs making related to new venture happen. People tend to have great ideas and believe in them. Support these ideas with a financial model that breaks down the relevant aspects in concrete figures can prevent from losing too much money. Knowledge gained from a good financial model is great. I find that it is good practice to have the model in place for any large enterprise. Moreover, I find that companies that made the model in a later stage, they realized that they could have avoided many mistakes by crunching the numbers earlier. Read the rest of this entry »