Business planning so easy, you can do it
Planning tools that are easy enough for you to use on your own, or with your advisor. Use the data you create to help run your business every day!
Then test your options with more scenarios
Then it’s time to create 2 more scenarios. After copying your master, rename the first copy “Worst case”.
Then make those forecasts a lot more conservative – remember the variable costs will also need to reduce, but if you have set up formula methods here, they will update automatically.
Next, yes you’ve guessed it, make a copy of the original master, call it “Best case”, and go for it!
Now that you have 3 scenarios, it’s time to visualise them side by side.
Visualising your future is the most powerful piece of the puzzle and is what you’ll love using every day
Every KPI, that you analyse when looking at your actual data you can now visualise when you look at the future! Our all-in-one forecasting and reporting engine works really hard to give you so many ways that you can use that future data. See our video here and transform how you and your team work. You definitely don’t want to leave them in the virtual filing cabinet! An Introduction into Visualising the Future
This guide is just a suggestion – there are so many more ways you can forecast the future
The suggestion to create scenarios based upon best, worst and predicted futures is just one way you can use our forecasting engine. You can create quick 1 year budgets, or full 5 year 3-way forecasts. You may want to expand your business, take on more staff, expand your product lines or services, take on new premises, or all of these things! You can now truly understand what impact this will have on your business and you, with ease. Pitch for funding or impress the bank
Creating full 3-way forecasts for your start-up or existing business is now a risk-free and pain-free process. Combining these clear, well presented financials as part of your researched business plan we have also covered here. But how do you need to present to your prospective investors?
“"Definitely my favourite so far as budgeting and cashflow forecasting is concerned. Takes those 50 tab spreadsheets and turns them into intelligent forecasting. Pair that with the reporting on the boards, and you've got a winning combo"” - Chris Hooper