Small Business Planning Pillar #6.3: Balance Sheet Statement (Forecast)
I’ll be honest with you, start ups always ignore their balance sheet statements in their small business planning..
And in a sense they’re right to. It’s just something else to have to learn and there’s so much else to do……….
However, balance sheet statements really aren’t that complicated to understand and the wealth of information they provide you with for such limited input is invaluable. For anything other than the very short term, switch “invaluable” for “essential”.