BDO masterclass: Forecast your financials

Forecasting your financials is an important part of your strategic business growth planning. Business leaders who make time to translate business goals into a financial roadmap are more likely to realise their strategic plan. Rather than focusing on increasing your top line revenue, we start with your bottom-line net profit and build a holistic budget that will fuel your business growth.

We challenge you to build a budget from the bottom up rather than focusing on top line revenue.

In this workshop, we will start by determining what net profit you want to make, then reviewing all expenses, and looking for opportunities to reduce costs. Top line revenue is then determined taking into account all the business goals and activities.

This wholistic approach to forecasting financials ensures business owners review every part of their business, not just their revenue model. Topics covered include:

• translate your business goals into financial strategy
• create a profit reinvestment plan
• learn how to forecast future income and expenses
• identify how to correctly allocate your cost of goods sold
• calculate your revenue gap
• build a high-level budget from the bottom-up.