Posts Tagged ‘rolling forecast’

Business Plan Framework

My last posting, The Flexible Business Plan, discussed the benefits of having a simple business plan that easily modified rather than a complex and detailed plan. Let’s now take a look at a way to do this.

A Little Anatomy

As you certainly know, a doctor doesn’t just study the outside of a human body. They need to know what is inside, including the skeletal framework on which everything hangs. Artists do the same thing when they study anatomy to understand how the skeletal structure impacts appearance of the rest of the body. With that understanding the artist is able to more accurately depict the human form.

A business plan has a skeleton as well that I refer to as Read the rest of this entry »

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Budget, Spending Plan or Rolling Forecast?

In essence a budget is an estimate of expected income and expenditures over a specific period of time. The level of detail varies from company to company. Budgets may be created for a month, year, or even several years. Let’s face it though, when attempting to budget several years out the reality is very suspect, especially with how fast things change now. Also, I’m amazed at how often a lot of time may be devoted to preparing a budget, only to find it is never really used.

Another problem with budgets is that they can sometimes be unrealistic for several reasons. One, it could be just the Read the rest of this entry »

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