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Better budgeting, better results
SME owners frequently struggle with financial forecasting and budgeting for their businesses. Many spend considerable time and effort on the process and plan, only for the completed budget to sit untouched until year end.
A budget is not so much about the numbers, but about the actions that will generate better numbers over a period of time.
So realistic sales, cash flow and profit & loss forecasts and appropriate budgets are required to enable you to properly review your financial position. They’re essential if you want to be able to get better results, and achieve the financial goals and long term growth you want.
Why do business owners struggle with forecasting?
Because it’s as much an art as it is a science and, as such, it calls for specialist skills. Budgeting, forecasting and financial projections for your company isn’t something you can simply ask your accountant or bookkeeper to help with – it requires a greater level of experience, plus expert financial and commercial insight.
5 essential benefits of robust financial forecasts and business budgets
Gain peace of mind with visibility over your numbers and their implications.
Remove the guesswork and keep your money (expenses, revenue and profit) on track.
Decide with confidence with a clear, concise view of likely performance in the months and years ahead.
Create different scenario plans to meet demand and cope with any uncertainty.
Gain the ability to make the right decisions at the right time to ensure business growth.
“YRH are an invaluable asset to our business. They are able to produce and explain the meaning of the numbers with refreshing clarity and a level of insight that I don’t know where I could find elsewhere. Oh, and they do a mean spreadsheet.”
Daniel Hare, Operations Director, Phoenix Ltd
Explore more
Learn more about how specialist forecasting and budgeting support can help your business
Blog
Make forecasting your friend
The importance of cashflow forecasting can never be over-estimated. But it’s an especially key business activity during uncertain times. Keeping your fingers on the numbers will give you more confidence and peace of mind…
Report
Your guide to financial scenario planning
Forecasting or scenario planning and risk mitigation are intrinsically linked so smart business owners keep a watchful eye on their numbers at all times.
How to increase
profitability
Download your free guide and discover how small changes can yield big rewards for your business.
- Streamline your revenue channels
- Improve your cashflow
- Audit your costs and outgoings
- Develop new ways to optimise your finances
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