I founded 2 companies last October after Denver Startup Week. One failed and one is successful – learn from my many mistakes and hear my keys to success. There are 3 parts Part 1. How… Things I wish I knew a year ago – How to pick the right company to start
First – I think people freeze when creating a forecast because they think the forecast has to be 100% correct or they don’t know where to start – in reality I would start by trying to do… how to create a financial projections when you don’t know where to start
When people are creating a new forecast for a company that is just starting they sometimes freeze up because they do not know what values to assign to certain assumptions because the business is new.… How to create a sensitivity analysis
The number one mistake I see with forecasts is that people create a forecast that just increases revenue by X percent each month. Here are the reasons why this is bad – It is hard to… How to create a driver based sales forecast
Financial forecasting helps companies plan and understand their business better. When you understand your business you can invest the correct amount in the right areas so that your business can continue to grow without running… Why Financial Forecasting Matters
Here is a video of me speaking in front of 400 people at the Oriental Theater on how to prioritize and get extra time in your day. There is a twist about halfway through that… Ignite Denver – Get an Extra 30 Minutes in your Day!
Paul Heffner has always had a knack for numbers. So when Finance Pals took off — the side hustle he launched to keep himself afloat while working on four other ideas — he made a… Own It – From Idea to Finding My Target Customer. Meet Paul Heffner
At Finance Pals we specialize in creating detailed forecasts based on key drivers such as number of new customers and revenue / costs per new customer or profit margin. Here are our 5 steps for… How to create a financial forecast
It is harder to get your books to balance than it sounds. We see a lot of common errors that creep up and multiply over time. Here are our top 3 tips of how to… How to balance your books