Business Financial Planning & Budgeting

 

The key benefit of business financial planning is that it allows you to create a focus for the direction of your business and provides targets that will help your business grow. It will also provide you with an opportunity to stand back and review your performance and the factors affecting your business. Business planning provides:

  • Ability to make continuous improvements and anticipate problems

  • Sound financial information on which to base decisions 

  • Improved clarity and focus

  • Informed business decision-making process

We can help you develop and update your business plan on an ongoing basis. Your annual plan will set out the strategy and action plan for your business. It will include a clear financial picture of where you stand and where you should expect to be over the coming year. This plan will include:

  • An outline of changes you want to make to your business

  • Potential changes to your market, customers and competition

  • Your targeted objectives and goals for the year

  • Your key financial performance indicators

  • Identified business risks and alternate plans

  • Operational changes, if any

  • Information about your management and team

  • Your financial performance and forecasts

  • Details of funds available and required to support business objectives

 

We will also help you in developing your organizational budget, which is a vital tool to ensure you stay in control of expenditures. A budget is a plan to:

  • Control your finances and ensure you can continue to fund your current commitments

  • Help you manage your money effectively

  • Allocate appropriate resources to projects

  • Monitor performance

  • Meet your objectives and improve the decision-making process

  • Identify problems before they occur, such as the need to raise capital or improve cash flow

  • Increase the effectiveness of your staff performance evaluation process