A financial plan is essential to any business plan. But it’s also essential to you as a business owner, to give you a solid grasp of your finances.
We ensure within the plan we can translate your goals into specific targets, predict any forthcoming problems that may occur, offer vital feedback and control tools.
An outline of your company's growth strategy is essential to a business plan, but it just isn't complete without the numbers to back it up. We usually work with the feasibility studies or market research to back up those numbers, alternatively working with the founders to supply necessary information to create accurate projections.
Many entrepreneurs get confused about accounting vs. projections because the financial projections that you include- profit and loss, balance sheet, and cash flow- look similar to accounting statements your business generates. But accounting looks back in time, starting today and taking a historical view. Business planning or forecasting is a forward-looking view, starting today and going into the future.
Financial reports would include :
When it comes to financial projections, we can predict the upcoming 12 months for your start up in great detail, offering monthly updates, this is something investors require to see when taking a chance on a start-up or invest in the scale-up.
Hindsight is 20/20, so we at B&F services make sure within your financial projection we include a month by month projection for the first year, followed by annual projections for a three, five or ten years.
While every business is unique, we often leverage our experience and inventory of models to deploy specific sets of assumptions and formulae structures that allows us to quickly build models that address common needs within each tech sector.
These may include :
In addition, we include a budget plan that takes into consideration rapid growth, staff cost & expenditure.
Please consider that most of the financial projections are supported by market research. We would require to prepare market research ourselves or have a detailed information about the target clients and your market from the business owner.
Why Work With Us
Our process is simple, and usually starts with the consultancy to understand better your venture and its goals. See more here…
Absolutely! We pride ourselves with offering a phone, zoom or face to face meeting to discuss your business. We initially offer 40minutes free consultation.
Our prices are highly competitive, scaling up or down depending on task complexity. Price would depend on the depth of the market research, delivery timeline and industry. We offer a free consultancy to discuss initially your business and offer a quotation for you to consider.
We work with many businesses, big and small. We are happy to discuss your initial goals and assist with finding the right pathway for your business, anything from a company formation, feasibility studies or funding. The best way is to get in touch with us to start your journey!