Catalyst Boost Camp - 8 - Forecast
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Catalyst Boost Camp - 8 - Forecast
1) Revenues from Sales & Grants
And related Costs of goods related to those revenues.
The forecasting exercise starts with financial (money) objectives.
What revenues and grants do you expect?
A first instance in forecasting money objectives is a review of revenue and grants funded. This will also include the costs of goods related to revenue and grants. Revenue may also be received with no cost of goods.
2) Your recurring costs.
This will typically be costs related to salaries, office rent, monthly costs such as phone, broadband, insurance etc. Start with reviewing with the team members and add the recurring costs.
3) Activity based costs
Including investments.
What task-based costs do you expect?
Start by inputting cost associated with specific tasks. Review each task and add the related costs.
4) Finance your project.
How will you finance your business going forward?
Start with your financing objectives. Review each objective.
Tax rates and payment terms
Tax percentages and payment terms will be need to be calculated for your profit/loss and cash flow forecasts.