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Old 11-14-2024, 04:20 PM   #21
DoubleF
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Not sexy, but make sure you understand/learn how to track or measure certain performance metrics of what you're trying to do.

Start with something simpler like activity based costing (fixed vs variable costs) and historical/projected monthly cash flows.

The reason being is that sooner or later for lending purposes or business presentation/proposal purposes, you'll probably be asked to produce something along those lines or asked questions loosely relating to that info.

ABC and monthly cash flows will help with budgets, financial projections, historical tracking etc. you can also identifying timing differences to avoid a cash crunch (smaller per unit payments vs larger upfront fixed or monthly payments) etc.
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