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Learn MoreHow to Budget and Forecast for Your Business
Rating: 4.3 out of 54.3(522 ratings)
3,574 students
How to Budget and Forecast for Your Business
by Tim Berry, Business Planning Expert
Created byBplans School of Business, Tim Berry
Last updated 5/2018
English
German [Auto],English [Auto],
What you'll learn
- The difference between startup and ongoing expenses
- How expenses vs. assets are treated for tax purposes
- How to create a sales forecast for your business
- How to create an expense budget for your business
- The important difference between profits and cash
- How your legal setup can affect your taxes
- Types of business expenses to deduct from your taxes
- Online resources for tax questions
Explore related topics
Course content
6 sections • 33 lectures • 2h 5m total length
- Introducing Tim Berry4:53
Learn budgeting and forecasting for small business success through practical business planning and entrepreneurship insights.
- Course Objectives3:00
Learn budgeting and forecasting by turning assumptions into standard financials. Plan versus actual analyses guide cash flow, startup costs, sales forecasts, and balance sheet decisions.
- Objectives0:30In this chapter you will learn: The difference between ‘startup’ and ‘ongoing’ expenses How expenses vs. assets are treated for tax purposes The difference between profits and cash OVERVIEW Start-up expenses happen before the business is running. If expenses come after the start of the plan, they ar…
- Basic Financials, Part 18:59
Part 1 of a three part video lecture series dealing with Financials.
OPTIONAL: A Slide Notes handout is available. Click here to download it.
- Basic Financials, Part 29:33
Part 2 of a three part video lecture series dealing with Financials.
- Basic Financials, Part 33:25
Part 3 of a three part video lecture series dealing with Financials.
- Starting Costs, Part 110:39
Part 1 of a five part video lecture series dealing with Starting Costs.
OPTIONAL: A Slide Notes handout is available. Click here to download it.
- Starting Costs, Part 25:28
Part 2 of a five part series on dealing with financials. This lesson video demonstrates how to create a Startup table. The demo supports the LESSON: Starting Costs at the end of this section.
- Starting Costs, Part 33:16
Part 3 of a five part video lecture series dealing with Starting Costs.
- Starting Costs, Part 43:05
Part 4 of a five part series on dealing with financials. This lesson video demonstrates how to create a Startup Funding table. The demo supports the LESSON: Starting Costs at the end of this section.
- Starting Costs, Part 52:11
The last in a five part video lecture series dealing with Starting Costs.
- LESSON Starting Costs6:00
DOWNLOADS: Templates for Lessons
Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.
- Download and open the business-plan-financials.xls (found in the optional downloads area)
- Use the "Save as" command to save a copy of the file as yourname_financials.xls
Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.
- Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
- Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc
Click the "Download Printable Version" button to download the PDF of this lesson.
- Objectives: Sales & Expenses0:26In this chapter you will learn how to pull together the numbers of a business plan. Video demonstrations will forecast sales and starting costs and as well as ongoing expenses. This will show how the numbers in the plan come together. OVERVIEW Forecasting is like the weather forecast. It's a mix of…
- Forecasting Sales, Part 19:42
OPTIONAL: A Slide Notes handout is available. Click here to download it.
- Forecasting Sales, Part 28:56
Part 2 of a two part series on creating a sales forecast. This lesson video demonstrates how to create a Sales Forecast table. The demo supports the LESSON: Sales Forecast at the end of this section.
- LESSON: Sales Forecast5:00DOWNLOADS: Templates for Lessons
Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.
- Download and open the business-plan-financials.xls (found in the optional downloads area)
- Use the "Save as" command to save a copy of the file as yourname_financials.xls
Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.
- Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
- Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc
Click the "Download Printable Version" button to download the PDF of this lesson. - Expense Budget and Payroll, Part 14:25
Part 1 of a three part series on the Expense Budget and Payroll.
OPTIONAL: A Slide Notes handout is available. Click here to download it.
- Expense Budget and Payroll, Part 21:54
Part 2 of a three part series on the Expense Budget and Payroll.
- Expense Budget and Payroll, Part 37:48
Part 3 of a three part series on expense budget and payroll. This lesson video demonstrates how to create a Personnel plan and add expenses into the Profit and Loss table. The demo supports the LESSON: Personnel Plan and Profit & Loss at the end of this section.
- LESSON: Personnel Plan and Profit & Loss3:00
DOWNLOADS: Templates for Lessons
Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.
- Download and open the business-plan-financials.xls (found in the optional downloads area)
- Use the "Save as" command to save a copy of the file as yourname_financials.xls
Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.
- Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
- Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc
Click the "Download Printable Version" button to download the PDF of this lesson.
- Objectives - Forecasting Your Cash Flow0:34In this chapter you will learn about: Cash and profits Cash flow and cash balance How your legal setup can affect your taxes How a calendar year or fiscal year can affect your taxes Types of business expenses to deduct from taxes Online resources for tax questions OVERVIEW Critical content is cash f…
- Cash and Taxes, part 111:33
Part 1 of a two part video series on Cash and Taxes.
OPTIONAL: A Slide Notes handout is available. Click here to download it
- Cash and Taxes, Part 213:37
Learn how to model cash flow with a spreadsheet, tracking net cash flow and cash balance, receivables timing (60% sales on credit, 60-day collections), and startup funding impact.
- Next Steps3:12Now that you have completed this course we are happy to offer you additional courses which can help you succeed in business. The How to Budget and Forecast for Your Business course which you completed is a module of the How to Start a Business course. The How to Start a Business course is $129 how…
- Business Plan Financials
DOWNLOADS: Templates for Lessons
Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.
- Download and open the business-plan-financials.xls (found in the optional downloads area)
- Use the "Save as" command to save a copy of the file as yourname_financials.xls
NOTE: This file was originally created in Business Plan Pro; it is compatible with Microsoft Excel or any other spreadsheet-compatible program which can read .xls format.
- Minimum Business Plan Outline
Templates for Lessons:
Text: The text portion of the lessons will be completed using the minimum-business-plan-outline.doc file. Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc
NOTE: This file was originally created in Business Plan Pro; it is compatible with Microsoft Word or any other program which can read .doc format.
At the end of the course, the completed tables in the .xls file can be copied into yourname_businessplan.doc file. The combined tables and topics will then become your business plan file.
- Business Plan Pro Template
The template for Business Plan Pro is contained within this ZIP archive. Save this file to the hard drive of your computer, right click on it to Extract the file, then open it with Business Plan Pro to use it for your assignments.
- Slide Notes Basic Financials
- Slide Notes Starting Costs
- Slide Notes Forcasting Sales
- Slide Notes Expense Budget & Payroll
- Slide Notes Forecasting Cash Flow
- Glossary of Terms8:40Advertising The paid promotion of a product or service, in print, TV, or other media. Angel Investor A person who invests his or her own money in a startup business who meets the SEC guidelines. Assets Property that a business owns, such as cash and inventory, office equipment, buildings, accounts r…