How to Succeed in Business

Success in business depends on more than profits. It also depends on planning positive liquidity and cash flow which is ultimately what success depends on.

Starting and Staying Successful

Success in business starts with making profits by offering goods or services that people will want to buy at prices they are prepared to pay. Next is to never run out of cash.

Your forecasts may predict tremendous profits but a single month running into negative cashflow will create a domino effect which can devastate that forecast profit and beyond. This is why Figurewizard forecasts and calculators stress the imporance of cash in any business plan.

Fail to Plan and you Plan to Fail

Because of the above, survival as well as success means planning cashflow and liquidity, which is where your cashflow comes from is vital.

That calls for accurate forecasting based upon getting your spending right. Above all your cash flow forecasts must show sufficient cash in hand for every month without exception to pay the bills on time. makes it possible for you to do that in a simple and straightforward manner for one, two or three years.

Every forecast and calculator / planner Figurewizard produces are shown as live working examples. They are free to edit and the calculators free to try without prior obligation.

Forecasting Liquidity

Cash flow comes from a company's liquidity, which represents a surplus of cash and cash convertible assets over current liabilities i.e. debt repayable within twelve months. 

That is described as net current assets. It is also known as working capital and ot measures the ability of a business to finance its trading activity. That appears in the balance sheet forecast Figurewizard produces simple using your own projected figures for sales, margin, overheads, finance and so on.

If your balance sheet forecast shows a liquidity deficit by the end of the forecast year, your message to the bank, senior creditors or potential investors will be that you expect your business to run out of cash sometime during the year after the one you are forecasting, providing that won't already have happened.

Forecasting Profits and Cash Flow

Figurewizard forecasts are produced in a simple and straightforward yet comprehensive fashion. All that is needed from you are your forecast sales, margins, overheads, asset purchases and sales and simple cash ratios for one, two or three years.

From this our system produces all of the forecasts for profits, cash flows, balance sheets, analysis of overheads, assets and liabilities, VAT transactions and corporation tax –  essential elements for successful planning.

All entries with the sole exception of company cars are entered exclusive of VAT as, like everything else this is automatically calculated.

Assessing Figurewizard

Interactive working examples of the forecasts can be viewed by going to "sample forecasts" or by following "useful links" below. Changes can be made either by selecting "edit this forecast" or better still by using our unique What-If planner.

How Much Does Figurewizard Cost?

The annual subscription of UK £30 (approx. US$32 or €25) enables you to save up to a hundred full sets of forecasts.

All saved forecasts can be retrieved for updating and exported to excel for formatting and printing.

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