A financial forecast is a business plan expressed in numbers. It should tell a compelling story built on a foundation of common sense. The three main components – the income statement, cash flow statement, and balance sheet – work together to describe the state of the business at various points in time along with a detailed road map of how it will get there.
All business plans require careful attention to a financial forecast, but this can be one of the most challenging aspects of creating one. We can help you nail your first impression with potential investors and lenders with the following services:
We help you identify just how big your industry is in terms of revenue and number of players. Keeping up with trends (technological, cultural, demographics) is also important for this section of your business plan. We help you identify these trends.
You know you have competitors, but what do you know about your competition? This section of your plan should include an analysis of your key competitors. How do they market their services/products? How do they differentiate themselves in their marketing efforts? What kind of market share do they possess? We can help you with competitive intelligence for both local and national companies.