What is financial modelling and how can it help me reach my goals?
Every business has a plan. This may be a formal document setting out actions, initiatives and objectives for the business or a very informal “our plan is to do today what we did yesterday” approach to business. What a financial model does is to take your planned activities and reflect them in numbers. Numbers that show you what your future profit and cashflow outcomes will be.
Once prepared, the model will highlight areas that need improvement allowing you to influence outcomes before they occur. This is very pro-active management compared to reacting to unfavourable historical results often received months after the events have occurred. You can directly influence your future.
Knowing where your business is going and how to get to where you want to reach is key to reaching your financial goals. Get to know your historical and future financials intimately with Bentley Consulting and our financial modelling tool.