Business and Personal Assets Balancing Excel Tool

What this tool does:

1. Allows you to know down to the cent what your monthly revenue was for each month you're working on
2. Allows you to see your monthly business expenses coupled with your personal living expenses that you are responsible for budgeting out monthly
3. The Final total will help you see the financial health of how you have set up your business in comparison to what you are responsible for paying out

This tool will really help you see why it is so important to price your services correctly and not underbid or undervalue your niche. If these numbers stay in the "red," then that could indicate a few things:

• That you have set your cash prices too low
• Your area is not worth pursuing a cash-pay business unless it's coupled with billing Medicare too (You MUST do your due diligence in researching your area)
• You may want to consider getting credentialed to bill Medicare and see if that can keep your business open in a poorer area, but NOT Medicaid
• You will need to continue working part-time, full-time or prn until you can get some capital up to focus on your business full-time
• You can see if you qualify for any personal or business loans, grants or angel investors to get your business off the ground