Session 2 | Small Business Podcasts | BankChampaign

Small Business Podcasts

Session 2

Forecast Your Future, Plan for Profits
Click each Track to listen to a section of the seminar.

Track 1: The Process of Planning (11:54)
•	Why it's important to plan, even if you're not seeking funding
•	Where to find the resources you'll need
•	Discover how to find out how your competitors in the industry are doing
•	Learn two methods to prepare your budget and when to use each one

Track 2: A Case Study of Biz Gifts, Inc. (13:40)
•	Understand how to set up a spreadsheet that will help you make decisions
•	Learn how to build a financial plan from your assumptions
•	See how to go from sales forecast to your bottom line
•	Discover how to predict the timing of your cash flows

Track 3: Decision Tools (12:42)
•	Discover how fast you can afford to grow
•	Find out how to know the sales level you need to make a profit
•	Uncover how to use these tools to price your products or services
•	Learn what drives your bottom line

Track 4: Applying the Tools to Biz Gifts, Inc. (18:35)
•	Look at how this business calculated its sustainable growth rate
•	Learn how to calculate your profit in seconds every day
•	Uncover how to find where the risk is in your assumptions
•	See how to determine if and when you’ll need outside funding (and if so, how much)

Session Notes (pdf) | Case Study (pdf) | Example Spreadsheet (xls)

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