BUDGETING ADVICE FOR BUSINESS
Far too frequently failure occurs because there has been inadequate planning, especially in the financial area.
A financially viable base is essential for success, even for non-profit organisations.
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It is important to base your business model or non-business initiative on a well thought out financial projection.
Not sure where to begin in creating a budget that is right, and more importantly, realistic for you? Or perhaps you already have an annual budget but just can’t seem to stick to it?
Farry Riddell has many years of budgeting experience and we will sit down with you, find out your financial goals, expectations and projected coasts and work with you to produce a realistic and accurate financial budget.
BUDGETING ADVICE - WE CAN ASSIST
It is important to avoid the trap of doing a budget in isolation from a Business Plan.
We can help with:
How to identify sources of funding for your bussiness short, medium and long term.
How to calculate your sales or income levels.
How to calculate the likely expenses.
How to calculate the cashflow deficits that might arise.
How to do a risk analysis
How to project business income over 5 years.
How to merge your personal budget with your business income