Build Your Business Financial Roadmap
Budgeting and Cash Flow Management for Your Fashion Business
To help you make better financial decisions
Poor management of '....cashflow is responsible for up to 90 per cent of small business failure' - small business.co.uk
Managing the Money-Side of Your Business is Vital For Sustainability and Survival.
Build Your Business Financial Roadmap
Your Solid Path to Profits to Fund Your Creative Passion
In this program, you will learn how to:
Understand your numbers and which ones you need to run your business. You'll also know what questions to ask your accountant so that you delegate and not abdicate your financial management
Plan your profitable pricing strategy for existing services and future products. You will also know your company economics to see how your business can be more profitable
Use your sales & expenditure forecast for existing services and future products to test your ideas, help you lower risks and seize opportunities
Using sales data for future range planning
Do regular expenditure analysis to see where you can reduce or align costs to meet your profit goals and achieve your vision
Four 60 -90 minute sessions by Skype or Zoom. We will have one Skype/Zoom session per fortnight. I will also be working on your budget and cash flow forecast in between our sessions.
You will have email support in-between sessions.
You will receive a funky welcome pack and we will begin with a vision session. During the session, together, we will design your ideal business model and determine where you want to be in 1-3 years.
I will do a fitness test on your company's existing financial condition by doing an analysis of your profit and loss account, balance sheet and cash flow statement. You can print these from your accounting software or give me temporary access.
I will talk you through my analysis in plain English not 'accountantese' so that you know what story your numbers are telling about your business.
Together, we will then start preparing your dynamic rolling budget and cash flow forecast, with best and worst case scenarios. I will finish them and input the budget to Xero or a dedicated cash flow software.
I will also show you how Xero can be updated regularly with actual figures and compared to the forecast to monitor your progress towards your goals.
Your dynamic budget and cash flow forecast will be living tools that puts you in the know about your creative business, keeps your finger on the pulse and help you make better financial decisions.
Build a Financial Roadmap for Your Business
Ally O'Meally-Watson, The Business Finance Coach and Chartered Management Accountant for Creative Women Entrepreneurs
'Ally is great person to work with and her financial skills and knowledge has helped BDC develop its financial management arrangements from financial planning, monitoring and projecting through to the statement of accounts. She puts a lot of effort and time into assisting my office manage the income and expenditure accounts throughout the year giving solid quarterly advice, financial information and benchmarking for key performance factors that we agree which is invaluable in successfully running my business and projecting to the end of year statement of accounts.'
—Byron Davies OBE, Managing Director BDConsulting (UK) Ltd http://www.bdconsultinguk.com/
Investment: Just £1497 or pay in instalments of £375 per month for 4 months.
Guarantee: If after the first two sessions, you find that this program is not what you need, you can cancel the program and not be liable for further payments.
Optional: Subject to availability, I can also be your ongoing Finance Coach. I will keep your budget and forecasts updated based on new realities, prepare monthly management reports with written explanations. I will also have 30 minute monthly Skype meetings with you to explain the numbers without complicated jargon and to brainstorm.
You will have information about how your business is doing compared to the original budget and how it might do for the rest of the year.
The monthly fee for ongoing Finance Coaching is from just £197. There is no tie-in period.
Email ally@businessbright for more information on building your Financial Roadmap