40 days Dedicated to Knowing Small Businesses

I have just started my 40 day trip around the US meeting small businesses. The objective is to meet and learn from them about their businesses. I will be in NY, LA, Miami and Atlanta during the next 40 days.

I had started off with North Brooklyn Breakfast Club where I met some wonderful small businesses. Hot potato made a demo of their iPhone app.

Today, I attended two events, first was Social Media & the Haiti Disaster. Panelists were as follows:

Moderator:

-Andrew Rasiej, founder of the Personal Democracy Forum and senior technology advisor, The Sunlight Foundation

Panelists:

– Ann Curry, news anchor for NBC’s Today Show
– Rob Mackey, staff writer The New York Times, The Lede blog
– Erik Parker, journalist who was in Haiti when the earthquake struck and used social networks to send images, video, tweets.
– Jason Cone, communications director, Doctors Without Borders

 

The event was good and explored various angles of journalism and social media. Ann Curry spoke about her experiences in Haiti and social media.  Back stage, Andrew Rasiej spoke about why US needs a strategic technology reserve. Overall, a very informative session. It was conducted in New York Times Building, NY.

Later today, I attended “The New Age of Social Media,” a panel discussion.

Panelists:

Mike Street – Zezza Network
Eric Hamilton – Author
Ellie Nieves – Leadership Strategies for Women, LLC
Orietta E. Ramirez – Lawyer, HR Professional & Employment Blogger

Moderator:
Anthony Quinones – CEO & Chief Creative Officer, Q Ball Media, LLC

Overall, the discussion centered around how social media can help – small business and individuals. At times, it seemed like social media got over sold. But panelists spoke about their experiences and asked the audience to focus on connecting with

people behind the profiles.

That is

it for the moment.

Budget Template for Small Businesses

Revenue Tracker

I’m glad that you liked my earlier Budget template and found it useful. I’m also thankful to all of you for giving valuable feedback on this blog. I came up with an upgraded version of the similar template which helps you track revenues from each client and the amount yet to be received from each of these clients. You can also input your cash position and look at your Potential balance.

For you to be able to use this template over a period of time, I have added a feature to append different sheet for each month. If you just click on the button ‘Next Month’, then a new sheet will be automatically created with the name of the next month. You can use the ‘Reset’ button to clear all the data and start afresh.

We’ve been using this template for a while and it had been really helpful for us in tracking how much revenue we’re generating and how much of it is yet to enter the company’s bank account.

You can download this template by clicking on the download link below the screenshot.

Revenue Tracker

DashboardReceivables

Revenue Tracker 1.0

Budget Template

I run a small business and I have this need to know that I am in control when it comes to my finances. I want to make sure my business is profitable and that my cash flows are okay and that I am going to pay my employees their salaries and pay for my bills. So I made a template for myself. I am sharing this on this blog so that others who face the same problem as I can use it.

The features I like about this is the ability to track profitability,

budget and actual, as well as cash flows in one place. There’s a dashboard that gives me the profitability

status as of now. I liked making it. I hope it is useful. Please drop in your suggestions and comments in the comments section. You can click on the icon below to download the Budget Template.

Budget Template

budget template excel

Download

Creative Commons License

p2w2 Budget template by p2w2.com is licensed under a Creative Commons Attribution 3.0 United States License.
Based on a work at www.p2w2.com.

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Chaitanya is CEO of p2w2, a Spreadsheet Solutions company. p2w2 has expertise in Excel Modeling, Excel Dashboards, Profitability Analysis,  Excel Invoices and Excel Bid sheets. You can contact us by email: cs [at] p2w2.com or call us at 305.600.0950.

How to Build Your Business Credit Rating

Management of finance in recession period is challenging. The

credit worthiness of your business plays a major role in your business cash flows. Fastupfront blog has written a good article (How to Build Your Business Credit Rating) on how to improve your business credit rating for borrowing required finance.

Tip #1: Separate your business credit profile from your personal credit.
Tip #2: Register your business with the major credit reporting agencies and monitor reporting.
Tip #3: Make good cash flow management a priority.
Tip #4: Seek out transactions that will improve your credit score.

balance-credit rating

How to Write Copy for Short Attention Span

Writing for web or for that matter any medium these days has to deal with the short attention span problem. As a business owner, if you can figure out how to write for short attention spans, you will have a BIG asset. Copyblogger has a good post about how to write for short attention spans.

No matter how gripping your sales copy is, it’s

an unfortunate fact that the majority of people will only read the first few lines of it. Does that mean all the effort you poured into the perfect call to action is wasted? Not at all! But in today’s fast-paced world of communication, less really is more.

attention-span