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Business plan writing

How to create an effective financial forecast with no historical data header

How to create an effective financial forecast with no historical data

How to create an effective financial forecast with no historical data

Extrapolating historical data is one way of creating a financial forecast. If you’re a new business or a you are launching a new product, you need a different process. In this article we go through what this process looks like and how you can make effective projections even without past figures to reference.

Understanding the basics of your financial business plan

Understanding the basics of your financial business plan

So, you’re making a business plan. You know your business, that’s the easy part. Making a financial plan, well, that sounds harder, right? This article is all about making a simple financial plan for your business. Each element of the business that you need to consider will be broken down into steps, which when added together make a full financial picture of the business.

How to forecast your startup or business’s cash flow

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.

How can a financial model help my business?

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.

Financial model and financial plan – what’s the difference?

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.

A quick guide to starting up your own startup

A quick guide to starting up your own startup

Startups can happen quickly

Or at least, they appear to from the outside.

The first business I was involved with was a startup in the UK. When I started writing my university dissertation the business just didn’t exist. By the time I handed in my 60 pages of literary analysis the company had been running for a month and I was lucky enough that they were looking for new content writers to join their team.

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