Starting a New Business?  Get our easy-to-use Financial Forecasting Template

"Free, Perfect, and Now".  That's what your customer really wants.  And the rate of change in a competitive market increases daily.  So, showing up in the morning and simply reacting, making decisions on the fly, makes it easy for your competitors to put you out of business. 

Setting goals based upon reliable market information and creating an action plan prepares you to anticipate change, while keeping your focus on the end game.  A written plan and financial forecast done right... is the ammunition necessary to convince a lender or investor to provide the cash needed to be successful.

Absolutely!  You can create as many businesses as you want and play my favorite game... "What If".  What if I change the interest rate on my loan?  What if I increase the unit sale price or my hourly rate?  What if I have to pay overtime?  If selling a monthly subscription, what if I change the growth rate and the rate that customers leave monthly,  will net growth be automatically calculated?  Make any change and immediately see how it impacts the entire forecast and profitability.   

To create this tool to be user friendly, flexible and sophisticated, there are 25 megabytes of formulas and calculations on hidden spreadsheets.  Some sheets have over 9,000 lines and 1,500 columns.  So take advantage of this powerful tool!

We have created forecasts many times for our clients over the past 25 years.  So, when we set out to create ForecastProfit$, our number one goal was to make it easy to use for you, the business owner.  Check out the short video tutorial. 

General instructions are 4 simple bullet points:

• Enter data in yellow shaded cells on red tab sheets.
• Use any combination or all four Business Model/Revenue Streams.
• Run your cursor over green shaded cells with a red triangle in the upper right corner and a note will appear with information and definitions.
• Run your cursor over yellow shaded cells with a red triangle in the upper right corner to know what data to enter.

No complicated instructions to keep referring to!

Hiring a CPA to create a comprehensive and accurate forecast for $10,000 doesn't make sense just to find out if a bank or investor will provide the capital you need.  ForecastProfit$ can do it for you.  Save that money and put it into your new business.

The ForecastProfit$ formulas and financial statements were created by our accounting team.  All financial statements follow Generally Accepted Accounting Principles.  

"Generally Accepted Accounting Principles (GAAP), refer to a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Public companies in the United States must follow GAAP when their accountants compile their financial statements. GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP aims to improve the clarity, consistency, and comparability of the communication of financial information".

EVEN  THOUGH ForecastProfit$ ADHERES TO GAAP, WE DO NOT EXPRESS ANY OPINION AS TO THE ACCURACY OF ANY ForecastProfit$ REPORTS AND ARE NOT LIABLE FOR ANY DECSIONS MADE BASED ON INFORMATION GENERATED BY ForecastProfit$ REPORTS. 

You need to speak the language of bankers and investors!  Your proposal should include an Income Statement, a Statement of Cashflows, and a Balance Sheet expressed monthly and annually.  

Most new owners try to create what is essentially a Profit & Loss Statement (or close to one).  Money in and money out.  Its likely they don't know how to include depreciation and amortization as well as interest, principle, and tax payments that impact profitability and cash flow. 

Bankers and investors want to know if you have enough cash at the end of the month to pay your bills and make a profit.  You should know this too!

The ForecastProfit$ template includes all of the above in the financial statements which are created following GAAP... which you should emphasize in your proposal because it means everything is included to create an accurate picture of your new business.