All businesses need Business Plans and Cash Flow Forecasts. Many businesses do not realize this.
Do you have a Business Plan?
Do you have a Cash flow forecast?
- Do you think you are too busy to prepare them ?
- Do you think they are only needed if you are borrowing money ? A frequent mistake.
Why they are needed by every business- to know
- where you have come from
- where you are going to or want to go to
- so you can measure your performance.
- to make sure you do not run out of money
- to avoid the alternative of just drifting
They can be found on the internet but they are too general .For the small business to get the most benefit the business plans need the figures to be accurate and realistic and the analysis correct . Fancy graphics and charts do not replace good figures.
Put everything in straight lines – See where you are going