How to Succeed in Business

There's more to a business plan than a successful profit forecast. Without strong liquidity and cash flow forecasts, that profit is not going to happen.

Getting a Business off the Ground

Success starts with offering goods or services people will want to buy at prices they are prepared to pay. The next step descibes how to stay successful; as follows.

Never Run Out of Cash

If cash, including available financing facilities such as an overdraft is insufficient to pay the bills on time, even for only one month you could be running the risk of interruptions in the supply of goods and services. 

Worse still, confidence in your business will undoubtedly suffer and that is important because in the commercial world, a regular supply of open credit from suppliers is key component of operating cash flow.

This is why, when producing cashflow and profit and loss forecasts using Figurewizard, the monthly cash and undrawn financing forecast matters. A deficit month will call for re-appraisal of your planned expenditure. The What-If Calculator / Planner is ideal for that.

Planning and Forecasting with Figurewizard

All it takes to produce Figurewizard's thirteen financial forecasts and its two powerful calculator /planners are your projected figures for sales, gross margin, overheads, fixed asset purchases and sales, financing and four simple ratios.

VAT and corporation tax are automatically calculated and applied to the forecasts by the system. Getting these forecasts right can transform the success of your business.

You can try figurewizard out for free at any time, without prior obligation.

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