bizHelp
MSMEs can also access basic templates for business plan, cash flow and forecasted cash flow.
Business Plan
What is a Business Plan?
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background of the business, introduction of the business idea and why do you want to do business; -
a description of the products you want to sell or services you want to offer; -
the customers you wish to sell your products or provide your service to; -
how you will advertise your business to attract customers; and -
your financing budget to get your business started.
Why Should I Prepare a Business Plan?
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Maintain focus in achieving your business goals such as sales target, keeping track of expenses and payments etc; -
Provide a guide for you and your staff in growing the business; and -
Obtaining funds from Banks or other financing organisations.
Cash Flow & Forecasted Cash Flow
What is a Cash Flow Statement?
Why Should I Prepare a Cash Flow Statement?
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tells you how much cash you have; -
used for budgeting and forecasting purposes. For example, you will know how much cash you have to meet commitments such has payments to creditors, loan repayments, wages, taxes etc; -
helps in investment or capital decisions; such as buying a vehicle for your business; -
requirement for obtaining a loan from banks and financial institutions.
How Often is the Cash Flow Statement Prepared?
This can be prepared on a weekly, monthly or annual basis. Preparing cash flow statement on a monthly basis is most common interval.
How Do I Complete My Cash Flow Forecast?
This final section is the difference between your total revenue and your total expenses.
e.g. “total cash income – total cash expenses = Net cash flow”
Cash Flow Statement And Forecasted Cash Flow Template