Know where you’re going & how you’re travelling

Many business owners fail to set a budget and track their performance against it. Creating and monitoring against a budget is a sure way to know how you are indeed travelling.

Is your business on track to meet its budget this year?

A business budget enables you to evaluate:

• Progress towards business goals
• Revenue and growth targets
• Business costs
• Profitability of products / services
• Seasonal periods
• If you have adequate or surplus assets
• Whether you have the ability to meet debt requirements
• By how much you can accelerate debt reduction
• What your working capital and equity requirements are

A budget is an estimate of where you expect to end up. It is based on fixed and variable costs, inflows and outflows and must be realistic. Once we have established a reliable base we can measure and monitor your business performance, making adjustments as required to keep you on track.

Our basic package includes:

• 1.5 hour meeting with our senior advisor of your choosing to determine key assumptions
• Preparation of the budget on a monthly basis - Profit & Loss, Balance Sheet & Cashflow
• Input of the budget to your accounting system
• 1 hour follow up meeting to discuss the budget together
• Our Monitor and Manage your Business Budget guide

Our advanced package also includes:

• Analysis of how the business can be worked harder to achieve better performance, achievable targets that could be set for the business and communicated to staff
• Scenario analysis – looking at a range of alternatives by changing key inputs
• An extended second meeting where we take the time to explain the budget to you and our above analysis