Aug 31, 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
All businesses must pay taxes, including startups.
Taxes include payroll and social security taxes which are based on the salary of employees and paid monthly.
Even if your business is not yet profitable...
Aug 31, 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Any financing you have must also be accounted for in the financial statements.
You’ll need to set up a tab in your spreadsheet to capture the details of a loan, or other types of financing such as...
Aug 31, 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
For sales forecasting, begin with your current sales funnel and revenue history.
The more you know about your sales process -- lead generation, conversion, and time in funnel, the more accurate the...
Aug 31, 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In setting up for your financial projections model, personnel is straightforward to forecast. Each employee has a salary, benefits, and payroll taxes.
Payroll taxes are a calculation off of the...
Aug 31, 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Cost of Goods Sold, called COGS forecasting, represents the cost to build and deliver your product or service.
This includes the cost to build the product or hours to deliver the service.
In most cases,...