In this in-depth e-commerce guide we go into the steps and factors that contribute towards a cash flow forecast you can make solid decisions around.
In this article in our series on the basics of Financial Forecasting, we take a look at how long your forecasts should be.
Welcome to a new series on the Brixx Blog – Forecasting Fundamentals.
In this article, we tackle the very basics, if you’re new to forecasting, start here!
Whether you’re starting or you already have a clothing business, one thing which is often overlooked is the financial forecasting aspect of it. In this article I’m going to be covering how to create a cash flow forecast for a clothing business. I’ll cover the key areas with examples of their significance in a clothing business. Then, step by step, I’m going to build a cash flow forecast!
Financial forecasting is a discipline shrouded in mysticism. How do people make predictions and why do people use it if they are never accurate? In this article we delve into these ideas and uncover why financial forecasting isn’t what you think it is.
Financial forecasting & modelling is all about trying to predict the future of your business and sensitivity analysis is just a part of that. Something we’re pretty used to at Brixx!
You’ll be often told that cash flow woes kill small businesses. You’ll see a figure of something like 90% of startups don’t make it past their first year due to cash flow problems. Whilst we think this number is a bit over-exaggerated, it’s impossible to deny that cash flow problems are a major factor in […]
Basing your strategic business plan on a single forecast is fraught with issues in the unpredictable world we live in. You already know it’s going to be inaccurate before the ink is even dry. In order to create an effective plan of action, you need to model a range of realistic scenarios to be prepared for whichever eventuality becomes reality.
Numbers can be open to interpretation, especially if you’re not used to arcane accounting methodologies.
Maybe you usually leave the numbers to the accountant, but if you’re a decision maker, then at some point you’ve got to figure out what it all means.
So, today, I’m going to explain some of the common ways cash flow can cause confusion and how you can avoid it.