From 3-way forecasting to scenario planning. All that you need to know.
What is the Sortino Ratio & How to Calculate It
The Sortino Ratio is a way to measure the return on investment by just looking at downside risk to better measure risk-adjusted returns.
Pension & Retirement Planning for Business Owners
All business owners understand the importance of forecasting and planning for future finances but have you forecasted for your retirement?
What Is Capital Budgeting? Definition & Application
Capital Budgeting is a great way to understand the financial implications of investing in new resources for businesses. Learn more and how to apply it!
What is Zero-based Budgeting: Advantages & Disadvantages
Zero-Based Budgeting means starting from zero every time you plan a budget and it could be a way to keep a closer eye on your businesses finances.
Investment into a future category king
We hear from Camilla Mazzolini, Investor at firstminute Capital, who explains why her VC firm made an investment in Series A funding for Futrli. Read the original article on LinkedIn. At firstminute, we’re thrilled to announce our investment in Futrli as part of a £4m round alongside our friends from e.ventures and Notion Capital. Futrli […]
What if your business could see the future?
We hear from Jos White, General Partner at Notion, who explains why he invested in Series A funding for Futrli. I’m thrilled to be announcing our investment in Futrli. The company is on a mission to help small businesses see their future in a way that hasn’t been approached before. We think this is a […]
All forecasts are not created equal. That’s why you need prediction software. Yes, you really do.
Predict is for your unique business and gives you the whole future picture of it. The way that it effortlessly pulls every transaction apart, understands the differences between every account type, calculates VAT accurately and combines this logic with smart algorithms to predict daily activity and cash impact, means you basically have a team of virtual CFOs working for you every moment, of every day.
Learning to Use Sales Forecasting for Small Businesses
It's a small business owner's dream to make their company grow. But, when the economy is challenging and resources are scarce, how can small businesses manage? One answer is forecasting sales. Forecasting sales has been used by small businesses for decades as a way to stay in touch with what potential sales could be like over the next 6-12 months. It's not easy to forecast sales but this blog post will provide you with definitions as well as some basic "How To" information about using this technique so that you can start doing it yourself!
Do you know which is better for your small business: forecasting or budgeting?
Business forecasting and budgeting are both important tools that any company or can use to help increase its revenue. Business forecasting is a strategy that looks at the future demand of a product and helps estimate how much will be needed, while budgeting focuses on what has been spent in past periods. In this blog post, we'll explore the differences between these two strategies so you can decide which one might work best for your business!
How often should a business forecast its financial future?
Many business owners are unsure how often they should forecast their financial future. The answer is that it depends on the needs of your business. Business forecasting often will make you more aware of potential risks and opportunities, as well as help you stay ahead of the game when it comes to budgeting for them. It also allows you to adjust your marketing strategy accordingly, which can be a lifesaver in slow periods or growing markets!
Why You Really Need a Budget: Why do we even need one?
You may be wondering why you need to create a business budget for your small business. There are many reasons as to why this is necessary, but the two main reasons are that it provides a blueprint for success and an accurate measure of how we are performing on a year-by-year basis. The budgeting process also starts the cash flow forecast, which is an important piece of financial scenario planning for any company!
What if you could create multiple what-if kind of scenarios in seconds?
Planning the future (forecasting) is essential for the longevity of your business, and your financial forecast is the beating heart of your operation. But what happens when the day-to-day running of your business takes up too much of your time for the actual navigation and altering of your pre-existing income statement or operating expenses? This blog is here to show you how our latest release of what-if scenarios has just made your forecasting life even easier.
Creating a 3-way forecast with Futrli & Xero or QBO
Running your business on a spreadsheet is hard. True insights will only be achieved if you can analyze current performance with a 3-way cash flow forecast.