Small Business Budgeting
When you're starting a new business, you want to concentrate on finding clients, making sure those clients are delighted with your service or product and getting the cash in.
What is the Small Business Budget?
- A detailed and easy to understand report on where your business is now.
- A financial plan for the future growth of the business, including realistic targets for sales and income.
- Sales and costs broken down into categories that actually mean something to you.
Who is it for?
- Any business with an annual forecast turnover of us to £500k.
- Businesses who want a budget, and don't know where to start.
- Businesses who want tounderstand their income and costs, and how they can manage those for optimal business performance.
What we do?
- Look at what you sell, and how to break that down.
- Forecast sales turnover month by month for twelve months.
- Examine cost of sales, marketing and overheads.
What you get?
- A spreadsheet forecasting profits month by month for the next twelve months.
- An annual forecast going forward 3 years.
- Confidence that your business can survive and thrive, and what you need to do to ensure that.
- Suggestions for financial and non-financial indicators of your business performance.
- An individual business calendar, showing the key dates for your business.
What next?
- If you want to really understand and use these figures, you may also choose our Systems Review. Take both services at the same time and receive a 20% discount - do call for details.
- Convert the profit and loss forecast to a cashflow forecast for the next 12 months - and understand how your business will grow and where are the crisis points that can be managed.
- Make sure you continually review your performance - our Management Accounts service could help?
Most small businesses never remember to budget, or make proper financial plans for their success. GSBS help small businesses make a proper start financially, with our Small Business Budget.