Blog post header image of a Brixx screenshot for Storytelling with charts blog post by Brixx Software

Storytelling with charts

I was going to start by saying ‘a picture is worth a thousand words’ – but you all know that one already. Financial charts are great ways to get across the story of your business, even if that story hasn’t happened yet! So rather than just using charts to convey dry information, I’m going to talk about using charts to tell stories.

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From planning household finances to planning business finances blog post header image of stationary for Brixx cash flow software

From planning household finances to planning business finances

Brixx is a tool for business planning. Some of the entrepreneurs I have spoken to have said “I don’t really think about planning”, or “I’ll just leave that to my accountant”. I think part of this reticence about getting engaged with financial planning is due to it being seen as overly complex. Something for a trained professional. We have tried to remove these barriers of complexity, to demystify finance. But if you’ve not started a business before, what can you draw on to try and understand how to forecast and plan a business?

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How to forecast your cash flow for a startup or business blog header image by Brixx software

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.

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How financial plan templates lose out to financial models blog post header image of someone drawing a plan in a notebook for Brixx financial forecasting tool

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.

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Do what you love, and you’ll never work again….

It’s something that you hear people repeat time and time again. And it’s central to the self-employed revolution. If you do something you love, it doesn’t feel like work. If your work is something you love doing, then the issue of work-life balance disappears forever.

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