Budgeting & Forecasting

A Step to Best Business
Budgeting & Forecasting
 
When you go on a holiday costing $3,000, $5,000 or $20,000 do your plan where you are going, set a bit of a budget and reflect on where you been and the costs compared to your original itinerary and estimate? 
 
If you do that for a holiday, shouldn’t you write a plan and budget for your business that generates revenue of $100,000, $1,000,000 or $10,000,000?
 
If you don’t plan what you are going to earn how do you know how much you can spend at point in the future?
 
Many business owners and managers struggle with budgeting and forecasting and do little about it. But when there is a downturn in sales or there is little profit for distribution it’s too late to implement changes to correct the situation.
 
By having a budget and sales forecasts and monitoring them monthly then there is an opportunity to for quickly taking action to improve sales or reduce expenses in line with what is happening in the market place.
 
Benefits of Budgeting and Forecasting
 
  1. Clearly identify your revenue & expenses
  2. Know your break-even point
  3. Know revenue needed to achieve a pre-determined percentage of profit
  4. Set sales targets for different distribution channels
  5. Improve cash flow management
  6. Allocate resource to achieve best ROI
  7. Quickly identify expenditure and revenue issues
For more information click on the image to download a Free copy of our White Paper on Budgeting & Forecasting.
 
Dawn Business Development Services (Dawn BDS) is passionate about and specialises in helping businesses in Brisbane and Queensland (QLD) to develop and implement business growth strategies based on budgets and forecasts to achieve business goals and objectives. Using myYardstick Dawn BDS captures, analyses, benchmarks and ranks financial statement and Key Performance Indicator (KPI) data with ease providing relevant, high-value reports.
 
Call us today on 07 3102 4393 or email us to discuss how we can help you take control of your business