‘A goal without a plan is just a wish.’ Anon
If you’re like most business owners, you’ve got goals that you’d like to achieve. And most often those goals have a financial impact on you & your business. However, if the financial impact is not managed well, it could have a negative effect on your business and your peace of mind.
You may have heard the comment ‘growth eats cash’. It certainly does so give yourself some comfort by developing a profit budget and cashflow forecast to help manage your business or even specific projects.
By monitoring the forecasts on a regular basis & making necessary adjustments you’ll find that you’re in a much stronger decision-making position.
If you’ve got a clear strategic vision for your business then you should also have clear financial targets. A budget & cashflow forecast are necessary tools to help you achieve your vision.