Setting Your Financial Plan
It is imperative as a business owner that you know the figures for your business. One of the first things I will undertake with you as a client is to develop a budget and forecast.
All small businesses should draw up budgets to determine the most efficient and effective strategies for making money and expanding their asset base. Budgeting can help a company use its financial and human resources in the most effective way to move the business forward in a positive and profitable manner.
Although budgeting can be time-consuming and costly for small businesses, it provides a variety of benefits, including an increased awareness of costs, a coordination of efforts toward company goals, improved communication, and a framework for performance evaluation.
Aside from the cost, the perceived complexity of budgeting and forecasting can make it a daunting prospect for some individuals, which is why I would like to work with you, to help you through this process.
Together we will review forecasts and budgets monthly to ensure that you are on track to make your yearly targets. If not, I’ll assist you to develop strategies to address the issues before they become major ones.