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December 14, 2005

Long-Term vs. Short-Term Debt

When writing a business plan, many people are unaware of the difference between long-term and short-term debt. Investors pay close attention to your financial statements, so it is important to get them right. If you are not 100% comfortable with preparing financial statements, we recommend purchasing a business plan template or consulting with an accountant.

The distinction between long-term and short-term debt is quite simple. Short-term debt is any debt that you will need to pay back within the next year. If you are given more than a year to pay your debt back, it is considered long-term debt. It's that simple, so make sure you get it right!

Posted by Jon at 8:36 AM | Comments (1)

December 9, 2005

Map It Out - From Entrepreneur.com

Entrepreneur.com had an article in October with some recommendations on Business Plan Software. This article is a must-read for anyone looking for software to purchase.

Posted by Jon at 9:47 AM | Comments (0)