Forecasting or scenario planning and risk mitigation are intrinsically linked so smart business owners keep a watchful eye on their numbers at all times.
Not least because it gives them an early warning system that’s built-in and which quickly alerts them to any potential problems that require deeper investigation, but also so they can build effective financial scenario plans and be ready with a plan A, B or even C. Given the market uncertainty we’ve experienced over the last couple of years who couldn’t use that?
To help you get started we’ve adapted our forecasting tool to create a simplified scenario planning template that gives you insights into how things are shaping up.
What’s in the template?
Including a profit forecast, a cashflow forecast and a projected balance sheet, our forecasting tool is usually something that takes finance people days to complete.
But we’re offering our scenario planning template to business owners for free, because it’s critical that you’re able to see for yourself the impact of potentially different levels of sales and/or delays in customers paying on your cashflow – because then you can change costs accordingly to make ends meet, or access the funding to keep you going.
For a little extra support or if you’d like to talk through your scenario plans with an experienced Financial Controller call us on 01252 820002.
