Can You Calculate Complex Financial Calculations?
|
Are you a whiz at calculating financial information? Not the easy personal stuff, like figuring out your monthly mortgage based on a fixed interest rate for x number of years, or how much money you have available each month after all your bills are paid. (You can probably use your fingers to figure that one out!)
But the hard stuff, you know, the things you need to know when you're running a small business. Things like company and stock valuation, loan consolidation, cost of capital or even the average cost of capital, variable cash flow, operation value with different rates, those types of things?
You've probably heard of these terms but if you're like most small business owners, you wouldn't know how to calculate these results if your business depended on it. Well, guess what? Your business does depend on it!
Before your business idea even gets out of your head and onto paper, you need to be prepared to figure these types of numbers out. If you're planning to do a business plan, which, by the way, is a very good idea, you will need to include an entire section of the business plan devoted entirely to finances. You need to know the break-even point; the break-even point determined using various scenarios, start-up valuation, ROI-ROE, the capacity for growth and more.
And if you ever need to take out a loan for your business, you'll hear terms like payment schedule, even capital amortization, discount notes, rate and payment objectives, refinancing and prepayments. Is your head swimming yet?
You've also probably got an investment or two that you're trying to keep better track of. Stocks, bonds, real estate ? they've each got their own language and their own ways of calculating profit or loss. Do you know how much volatility is involved and the amount of yield of your portfolio? Perhaps at this point you don't even really care!
Then when you go home after a hard day's work, you spouse might even want to talk about if and when you'll be able to buy a new car, or save for the children's college, or plan for retirement.
Sure, you can hire financial analysts to figure out all these numbers for you and handle this type of work as it occurs, but it probably won't be cheap. And if you've got your business on a budget, hiring someone who specializes in numbers certainly will be out of the question.
You can begin surfing the Internet where you'll probably find instructions for properly calculating each of these and other types of figures. You can keep your fingers crossed and hope that you followed the instructions precisely and that the numbers you come up with are the numbers you and others want to see and can rely on.
Or, if you already own a copy of Microsoft Excel, you can purchase a powerful add-on product called Financial Advisor for Excel. This product contains formulas for calculating 73 different types of financial calculations; the types you'll need to run your small business and your growing family.
Financial Advisor for Microsoft Excel is really easy to use, too. For most of the calculations, all you need to do is plug in the numbers. The software then handles all of the calculations and presents them neatly in graphs and tables. And it does all this far more quickly than any professional you will hire and who you will pay by the hour.
Financial Advisor for Microsoft Excel truly does make good financial sense. So do yourself a favor and get yourself a copy today.
Copyright © 2004 Cavyl Stewart. Get the most out of the software you use everyday. Check out the add-in software directory for more information on Financial Advisor and other great time saving Excel add-in tools, visit:http://www.find-small-business-software.com/excel-addins.html - Also, be sure to check out my Exclusive, 100% free, 100% original content ecourses.
|
|
|
Microsoft Great Plains Data Conversion ? Overview For Developer
Looks like Microsoft Great Plains becomes more and more popular, partly because of Microsoft muscles behind it. Now it is targeted to the whole spectrum of horizontal and vertical market clientele. Small companies use Small Business Manager (which is based on the same technology ? Great Plains Dexterity dictionary and runtime), Great Plains Standard on MSDE is for small to midsize clients, and then Great Plains serves the rest of the market up to big corporations.If you are developer who is asked: how do we convert our old system data for initial Great Plains setup ? read this and you will have the clues on where to look further.Gr...(related: Software)
Fundraising Software ? How Can That Help Me?
Fundraising software lets you connect with donors in a way that is unlike any communication you've ever had before. You can diversify your fund raising efforts with software and manage all of your day-to-day activities. There are many companies that sell fundraising software suitable for your organization. Much of the software is capable of helping you in different ways and it is available at different prices. However, you can get free software for small non-profit organizations.Some of the software on the market is designed to help you with free fundraising ideas, while other free fund raising so...(related: Software)
Change Your Word Docs In Record Time!
Anyone who has ever used Microsoft Word knows that it is a powerful word processing package. It's loaded with dozens of features designed to make creating documents a breeze. And anyone who has used Word's Find and Replace feature knows that this is one handy feature. It makes changing words or phrases throughout your documents fast and painless.And that's great when you're working on just one document. But suppose you need to find and then replace a word or phrase throughout all of your Microsoft documents or throughout all documents located within a particular directory? You know, like when there's been a change to your business address or telephone number? Or...(related: Software)
Lotus Domino Implementation And Development: Infrastructure ? Present And Future
Domino server is a buffer between the operation system and the application. On the other hand Domino server ? consists of the services which support development processing and executing of dynamic, secure applications for Internet, Intranet, or Extranet. Domino server role is to provide functionality both: within and between Domino-applications....(related: Software)
S Is For Spying, Surveillance -- And For Software As Well
Words we choose to describe things and phenomena often show our attitude towards what we say. They imperceptibly reflect our opinions and judgments, prejudices and preferences, moral convictions and beliefs. Whether we like it or not, good deal of words we use are biased, or should I say "slanted", --positively or negatively. Two people will call the same thing differently, depending on their points of view.Look at this example: "Monitoring", "surveillance", "control", "data interception", "gathering evidence of wrongdoing" -- on the one hand; "sleuthing", "spying", "eavesdropping", "snooping", "peeping", "prying", "tapping"--on the other. A neutral "information gathering device" vs. negatively loaded "bug"--choice of words clearly shows whether we approve or disapprove it....(related: Software)
Rss: Get Notified When Your Favorite Websites Are Updated
RSS (Really Simple Syndication) is a way for a site to publish it's updates. RSS readers can read these notifications and display a listing of the updates to you, the user.It's sort of like having a special 'inbox' for emails announcing updates to your selected websites.Many applications and websites support RSS feeds. You can add RSS feeds to your My Yahoo! page, Firefox has several RSS extensions su...(related: Software)
Review On Quarkxpress 6.0
After almost two decades of existence, Quark has become the basic building block of any print designer's toolkit. It has deservedly gained a reputation for reliable printing, offering consistent and dependable output that prevents costly mistakes. Now you can confidently add that tool to your Mac OS X workflow, because QuarkXPress 6.0 is available now and runs beautifully under Mac OS X.In this latest version, QuarkXPress 6.0 gains a new appearance and a new window menu that lets you quickly navigate between open files. But you'll love being able to launch as many programs as you want, knowing that if one of them misbehaves, it won't interfere with your QuarkXPress document. And with the advanced virtual memory in Mac OS X, other programs won't impede your ...(related: Software)
Who Is Minding Your Sensitive Data?
Stealing company information used to be the specialty of spies and conspirators. It was something that only happened to the most powerful of corporations and branches of government.Nowadays, stealing data is commonplace and anyone can be...(related: Software)
Spyware Protection: A Must For Any Home Computer
Now that spyware is the single most dangerous threat to home computers connected to the internet today, getting your hands on some sort of spyware and adware protection is critical. Spyware has outpaced computer viruses in its prevalence, and in the kind of damage it can do to your system.If you plan on using your home PC to do anything on the internet, even minor emailing or a little light surfing, this kind of protection is a must-have.What is spyware? Spyware is basically any kind of software that gets installed on your machine without your knowing it, and tracks your actions on the internet for marketing purposes, or causes your computer to perform tasks that you didn't request.You can accidentally get this stuff installed on your computer, by downloading trials and demos of certain programs...(related: Software)
Google Brings The Earth To Your Desktop
Google Inc. has launched a new software package that allows you to see satellite images on your desktop.Google Earth lets you search for locations anywhere on earth and display 3D aerial images ...(related: Software)
Configure Windows Indexing Service For Performance
The Windows Indexing Service provides you with the ability to perform advanced searches on directories located on your computer and on shared directories on the network. The Indexing Service was introduced with IIS (Internet Information Services) and is now installed with Windows 2000 and Windows XP.The Indexing Service is not started by default on a Windows 2000 professional computer. If you want the Indexing service to start automatically, select "Start | Settings | Control Panel | Administrative Tools" and open the "Computer Management" application. In the left pane of the "Computer Management" window, select "Services", then in the right pane, right-click on "Indexing Service". The "Indexing Services Properties" dialog box will appear.In the "Indexing Services Properties" dialog box, ...(related: Software)
Implementing Microsoft Crm: Setup And Configuration ? Notes For It Specialist
Microsoft Business Solutions CRM is web-based CRM application, deploying all the spectrum of recent Microsoft technologies. We'll try to analyze different needs and implementation scenarios attributed to specific industries and business types, based on our experience.First we would like to emphasi...(related: Software)
Dvd Burning Tips
CD and DVD replication is a process that works by creating discs from scratch. Not to be confused with duplication (the act of burning information onto readymade, commercially-available blank CD-Rs and DVD-Rs), replication relies on the use of molds to produce actual discs that already contain digital data. It is the preferred and recommended mode of mass production for quantities in excess of 500 units.Replication begins with a painstaking process called glass mastering. In this step, a laser is used to copy data onto a light-reactive glass plate. The plate's photosensitive glaze reacts to the heat of the l...(related: Software)
site-map - Copyright © 2008 | Contact Webmaster | All Rights Reserved. | Software