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Joined up thinking

Save time and resources by increasing your ‘thinking time’ so you can decrease your ‘doing time’ with forecasting and planning advice from WMT.

Joined up thinking

Creating your future

Measure results, attract external investors, and reassure shareholders with a robust approach that supports realistic goal setting and decision making.

Creating your future

Forecasting and financial modelling

Planning is bringing the future into the present so that you can do something about it now.

Whereas a business plan states your goals, strategy and key activities, the value of the forecast lies in testing your plan ‘on paper’ before you make any costly changes or investments.

Preparing a detailed business plan and financial forecasts will help you to:

Take your vision forward with clear-cut short and long-term action plans;

Measure results, adjust tactics and activities to manage risks and keep the business on target;

Improve coordination across different departments and motivate your team in working towards the common goal;

Attract and reassure external investors by demonstrating that your plan is well thought through and you have a robust system in place to measure performance and support your decision making;

Build the business on paper – identify new opportunities to capitalise on, and evaluate their feasibility and impact;

Save time and resources – by increasing your ‘thinking time’ you can decrease your ‘doing time’.

Forecasts help you establish the implications of the plan for your business to check that your goals are achievable and evaluate their true cost – or value – to the business. Forecasts help you to answer important questions such as:

  • Who are my customers?
  • What is the best pricing strategy?
  • What is the cost of a sale?
  • Will my planned business acquisition deliver the benefits I’m looking for?
  • Can I increase production without adding to my current resources?
  • What funding do I need to raise and how much will it cost me?

Maximising the benefit from your forecasts

Our approach is flexible and creative. Once we’ve established your vision and your goals, we brainstorm ideas and challenge assumptions. We help you identify the likely impact of business issues, shifts in trends and changes in regulations.

To help you stay on top of the big picture, your forecast will take account of the interdependencies in your business. We ensure your forecast stays realistic by clearly defining the desired outputs before checking your business can provide the necessary inputs. Scenario planning will help to check the feasibility of the predictions in your plan – what will happen if sales drop by 2% or increase by 5%? Most importantly, we safeguard your cash flow by checking that the forecasted growth doesn’t become a pinch point.

Having developed detailed financial forecasts, you can then use them to create budgets and targets to compare against actual results throughout the year. To help you manage your business with precision, you can adjust the underlying financial model and add information to the forecasts over time to test new scenarios and improve its accuracy and respond to new developments.

How WMT helps

Our business planning and financial forecasting advice will help you gain a clear understanding of:

  • viability of the plan or strategy
  • expected profitability
  • general liquidity
  • funding requirements
  • risks involved and return on the required capital
  • relevancy of the capital structure and financing of the business
  • critical business issues

It is not enough to have the best and the most detailed business plan and forecast. Our specialist advice will enable you to gain full benefit from using it. By tracking your results and comparing them with the predictions in real time, we will help you remain proactive about your business and stay ahead of the market.

Get in touch to find out more about how we can support you with your business forecasting and financial modelling.

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Hertfordshire office

Verulam Point
Station Way
St Albans
Hertfordshire
AL1 5HE

London office

2nd Floor
7 St John Street
London
EC1M 4AA

Hertfordshire office

+44 (0)1727 838 255

London office

+44 (0)800 158 5829

London office (WMT Hospitality Accountants)

+44 (0)20 7253 0064

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