financial
YOUR ONLINE
BUSINESS MENTOR
We recognise that good financial management and reporting can spell the difference between success and failure. Whilst it is not the core of your business, finances measure everything you do. You also need money to pay suppliers, staff and, of course, yourself!
To help there are some simple downloadable forms for our members to use:
A personal statement of position - which include a budget planner for your personal income and expenditure and a calculation for your net worth
Bank reconciliation - a simple spreadsheet to help you reconcile your expenditure in business to your business bank account. Very useful if you havenīt decided on an accounts package
A cash flow forecast - to help you keep track of where the money is going. Using this you can plan ahead and see if you need any finance from the Bank during the year
A profit and loss forecast - to help you plan your sales strategy quarterly and estimate your end of year position
A quick break even calculation - to give you an idea of how much or how many products you need to sell reach week to reach your target
How?
online mentor can help
The online service has been created because we recognise you are already working 30 hours a day and 8 days a week!
Help the Business is Failing and the Bank has the house!
(Article contains explicit language)
I cannot describe how many clients do not ask for help
until it is almost to late, it is like they have stuck their
head in the sand, pulled...
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Am I at Risk of Failure?
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you a risk management plan that you review and assess every
year?
What could go wrong? What will you do if...
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Where is my cash?
Many clients tell me they have a profitable business but
they are struggling to find the cash they need to grow, or
sometimes, even pay their bills.
There are several things affecting your...
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