Financial Management for Business Owners (FiMBO) Module
12. Performance vs Plan
Making Your Plans & Aspirations Requires a Plan A Forecast For EXACTLY How & When It Will Happen
Now you know how to make it happen, you need a Forecast to track Progress vs Plan?
- You need to know what will happen to sales and profitability, your balance sheet, and your cash flow.
- This calls for a detailed 3 Way Forecast that breaks down the next 5 years into months so you can track and report your progress against plan.
- Accurate, timely reporting of actual performance vs forecast will show you exactly where you are on your journey so you can quickly take corrective action when necessary.
- Your forecast/plan helps everyone on your team understand exactly where you are, and helps them to make the right decisions with minimal guidance.
- Discover how to grow your business click the Book Now button. FiMBO is a 12 Week Programme delivered online, each session is 45 minutes with extra time for live Q&A. The first session is free to attend. Decide at the end of the session if you would like to commit to the full programme (£200+VAT).
- Money Back Guarantee: If you are not delighted at the end of the 12 weeks, just say so and we refund every penny, simple as that.
“I had heard of a 3-way forecast but only now do I truly appreciate both what it is and more importantly, how critical it is for effective management and control, invaluable”.
What’s a 3-way forecast and what’s it for:
- A DETAILED PROFIT & LOSS PROJECTION
- ACCURATE OPENING BALANCES
- A DETAILED CASH FLOW FORECAST
- USE IT TO APPLY FOR FINANCE
- USE IT TO TRACK PROGRESS VS PLAN
- ESTABLISH THE FUTURE BUSINESS VALUE
- STRESS-FREE MANAGEMENT & CONTROL
Financial Management for Business Owners
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