eCommerce BUDGETs & FORECASTs
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Our Bespoke eCommerce Budgets & Forecasts Services
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Frequently Asked Questions
Well, you should definitely have something in place whether it’s updating your own spreadsheet or something more formalised which we can help with. Growing eCommerce companies can snowball and before you know it you find yourself struggling to meet demand or even struggling to generate enough cash for the big inventory purchase for your biggest quarter.
If you want to do it yourself you can get plenty of templates online, we would be happy to design one tailored to your business. Or we can take over the whole process for you. All you need to do is book in a call with us and we’ll go from there!
We plan to cover this in a later Hustle Guide but to put it simply, a budget is usually the process where you scope out your desired performance for the following year. A forecast is what you anticipate the performance to be. Budgets are usually once a year, forecasts can be done multiple times.
We have a team of expert and Chartered accountants who have prepared budgets for some of the biggest companies in the world. Don’t worry, you’re in safe hands.
It makes it a lot easier if you do, otherwise, we’ll have to flex our Excel muscles. There are free options online which are worth a look but probably do not compare to paid versions such as Xero.
Probably one of the most important reports your ecommerce business need.
Remember, you can be profitable and have no money! I know… It’s a real head *bleep*.
If you want to ensure you have enough money to buy inventory, pay your taxes and yourself, do yourself a massive favour and get yourself a cash flow forecast. And update it regularly!