Business Plan Blog

Help for anyone starting a business

Business Plan Blog

Help for anyone starting a business

Overcoming the challenge of financial planning

Startups by their very nature are breaking new ground. It’s perhaps ironic then that many are founded by entrepreneurs who have trodden this ground before, who know the ropes of setting up a business, driving customer acquisition and finding funding and bringing together positive teams. [Continue reading]

Brixx will be exhibiting at the Business Startup Show 2017

We are delighted to announce that the Brixx team will have a stand at the London business show 2017. It's happening in the Excel centre on the 17th and 18th May. We'll be there to demo our financial planning software, show off what we have in the pipeline and generally talk all things related to starting up a business with everyone who is going. [Continue reading]

How to forecast your startup or business's cash flow

The cash flow statement is one of the more common reports used by accountants. It is a measure of all the incoming and outgoing cash activity of the business and is usually estimated at a monthly level. You may think that all that matters is your profit margin but cash flow is critical.

The key difference between a cash flow forecast and another report like the income statement is that it’s all about timing. When cash is parted with or received is vitally important. It will not take into account future sales received on credit. It’s a true reflection of your bank accounts inflows and outflows. Not what might be, but what is. [Continue reading]

How can a financial model help my business?

In the last two articles I talked about what financial modelling is and how this is different to the kind of planning present in many business plan templates. Today I’m going to outline the practical side of how a financial model (and a Brixx model in particular!) can help bring clarity to business planning, as well as being a great asset in the long run. [Continue reading]

How financial plan templates lose out to financial models

Last time we looked at what a financial model is in general terms. So how does this compare to traditional financial planning? In small businesses and startups, planning often takes a back seat to hard work and the pursuit of new opportunities. When planning is done it tends to be quite different to modelling, but the data to do modelling is all there. [Continue reading]

Financial model and financial plan - what's the difference?

Brace yourselves! It’s a series of articles about financial modelling… beginning with a really important question:

“Why model?” is the question we pose ourselves before embarking on every new project. It’s a question that you might find yourself asking too if you’ve come across the term “financial model”.

Modelling is a specific kind of financial planning. There are plenty of financial planning apps and services out there, and many of them are really great. But very few true financial modelling tools are available, especially on a scale suitable for startups and small businesses. [Continue reading]

Financial forecasts just got a whole lot prettier

We have been quietly working away on completely revamping the Brixx dashboard for a while now. We think it's incredibly important to be able to visualise the future of your business. We're trying very hard to make this simple and beautiful.

At the same time, we want to deliver something powerful that is really useful for analysing your cash flow forecasts, understanding your future costs and generally being aware of every part of your business. [Continue reading]