Business Plan Guide – Page 8

11. Financial Forecasts

budget forecast

All the other parts of your business plan will feed into this all-important section, which will determine many key facts about your business. Any investor will scrutinise this bit, so make sure your figures are as realistic as possible. It can be difficult to make projections about sales and income before you start trading, but just make sure you have reasonable evidence to back up and justify the assumptions you have made.

The following table will help you plan out what your likely income and expenditure will be over the first three years of trading. In order to use it properly you will need to download the spreadsheet in Excel HERE. You will then be able to use it to enter your actual figures and it will automatically total up your projected profit, etc. The boxes shaded grey are the self calculating ones so you cannot enter any figures in those.

 

Business Budget Forecast Sheet
 
Provided by BossQuote.com
Year 1 Year 2 Year 3
Income
Sales Income
Product/Service A £0 £0 £0
Product/Service B £0 £0 £0
Product/Service C £0 £0 £0
TOTAL SALES INCOME £0 £0 £0
Direct Costs
cost of stock/materials £0 £0 £0
Other direct cost of sales £0 £0 £0
TOTAL DIRECT COSTS £0 £0 £0
Other Income
Loans £0 £0 £0
Grants £0 £0 £0
Any Additional Income £0 £0 £0
TOTAL OTHER INCOME £0 £0 £0
TOTAL GROSS PROFIT £0 £0 £0
Overheads
Staff Costs
Own salary £0 £0 £0
Other salaries and wages £0 £0 £0
contract/freelance services £0 £0 £0
Premises Costs
Premises rental £0 £0 £0
business rates £0 £0 £0
insurances £0 £0 £0
utilities (gas, electric, water) £0 £0 £0
telephone and internet £0 £0 £0
furniture and equipment £0 £0 £0
Repairs and Maintenance £0 £0 £0
Marketing
advertising £0 £0 £0
design and printing £0 £0 £0
Administration
Stationary £0 £0 £0
Postages £0 £0 £0
web hosting £0 £0 £0
Loan Repayments £0 £0 £0
IT support £0 £0 £0
legal fees and licenses £0 £0 £0
accountancy fees £0 £0 £0
Subscriptions and Publications £0 £0 £0
transport £0 £0 £0
 
TOTAL OVERHEADS £0 £0 £0
 
TOTAL NET PROFIT £0 £0 £0

 

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