To borrow a line from the Police, it might seem as easy as your a-b-c's, but there's a lot that goes into effective financial modeling.

For my entire career, financial modelling has always been central to the analysis I've relied upon to evaluate a business' health or justify an investment in its growth.

There are several important steps to follow in developing a financial model which will serve your objectives as an entrepreneur, whether you're trying to manage what you have or raise capital for what you could.

Throughout my career I have raised and deployed tens of millions of dollars in venture capital to build out products and infrastructure and expand our marketing reach for various ventures. As a business owner there are a series of important questions to answer as you continue to pursue greater market opportunities:

Question 1

When should we supplement our ability to internally fund growth with additional capital infusions? Considerations include business focus, valuation issues, and the availability of various capital sources.

More than ever before, real estate brokers are promoting the use of buyer agency agreements -- a contract stating that the broker will represent the buyer as his agent and that the broker's job is to find a suitable property for the buyer.

Because these agreements are legally binding and give the broker specific authority, buyers should fully understand their rights and responsibilities before signing on the dotted line.

No matter how good both parties intentions are when entering into a legal agreement, unforeseen circumstances can throw things off track. If this prevents one of the parties from fulfilling his end of the deal, it may be considered a breach of contract.

Legal obligations are created in a business contract, and they must be fulfilled by the both parties.

A vote is the voice of an individual making a choice. A vote can be given by ballot or voice. They can be delivered personally by the voter or by proxy. A decision on a submitted question is made by the majority of the votes delivered.

An agreement is an understanding reached by two or parties about their rights and obligations relating to a certain subject or thing.

To borrow a line from the Police, it might seem as easy as your a-b-c's, but there's a lot that goes into effective financial modeling. For the past 8 years with Practice Technologies, and going back some 10 years before that, financial modelling has always been central to the analysis I've relied upon to evaluate a business' health or justify an investment in its growth.

Over the past 3 years, we have raised and deployed some $10 million in venture capital to build out our products and infrastructure and expand our marketing reach. As we approach operating profitability, we have a series of important questions to answer as we continue to pursue great market opportunities:

Question 1

When should we supplement our ability to internally fund growth with additional capital infusions? Considerations include business focus, valuation issues, and the availability of various capital sources.