In part 3 of our business planning series we tackle the dreaded financial forecast head on. You’ll pull together everything you’ve learnt in the 90 day challenge to create compelling, realistic financial projections for your startup. It’s not as scary as it seems and we’ll show you exactly what you need to do.
As we continue our mission to test and validate our business model, we need to dive into the practical side of your business. This is where many of the costs required to operate your business will rear their heads – often unexpectedly.
There is a lot to cover here but we need to start nailing down these activities more accurately to understand clearly how much it will cost to run your business. It’s going to impact the volume of sales you need to achieve to breakeven. Last week, we talked about marketing and sales, which should have given you an idea of what is achievable with your initial marketing activities. Knowing the costs from last week’s articles will help you judge if this will be enough!
For many entrepreneurs, borrowing is a necessary evil as few new businesses have the capital to be entirely self-funded.
In this article, I’ll explain the role credit scores play in startup funding and some of the credit score-based borrowing options available.
It’s so easy to make money online. Isn’t it? Well… This week we’re looking at 6 ways to make money online and the strengths and pitfalls of each.
Some tasks just suck up time – in which case you need to delegate. In this guest article from Kayleigh Alexandra at Micro Startups, we delve into 7 tasks to delegate early on.
This week we bring you the story of Mintmech – an engineering company who used Brixx to forecast their new business and create a comprehensive financial plan.
Are you considering or running a business from home? It can be very rewarding, though not without its challenges… Jo Thornley’s guest article this week explores these problems and their potential solutions.
It’s a great time of year to be thinking about getting started with your own business. We interviewed two women on their experiences setting up their own accountancy practices.
In this article, the second in our series on financial planning in Brixx, I’m going to lay out some practical ways to improve your sales forecasting skills – even if you are an absolute beginner.