Gone are the days when you could run you small agency or business on the basis that “we made money this month, great stuff” and not concern yourself with the next few months because “they’ll take care of themselves”
The covid-19 pandemic has knocked most companies really back on their heels to the point where they are more reliant on the banks than they would like to be.
Banks need to know where a business is going before they start making a loan or providing an overdraft facility. They need to know that their money is safe, and that the overdraft facility has every prospect of being repaid.
The net result is that you need to have a degree of certainty about your financial future. In reality you need this for yourself as well as the bank.
So how do you go about it?
The first thing you need is a cashflow forecast
The second thing you need is a bank reconciliation.
Then you’ll know where you are and where you are going.
The third thing you need is regular invoice raising followed by active credit control
The fourth thing you need is an annual summary of your cashflow and outline P&L progression.
Finally, an additional year cashflow and outline P&L forecast.
BHT Marketing Ltd developed all of this for their business in the 90s and so are now in a position to tailor it to your company and manage it each month letting you get on with what you do best.
The basic service covers the first two detailed items and then each of the others are available as optional extras.
This service is aimed primarily at the micro to small businesses and BHT have decided to make a Covid-19 discount available to the first 3 clients of 33%. So instead of paying £60 per month you’ll only pay £40/month and no set-up fee either.
So if you would like to have a chat about how this might help your business just call BHT on 0808 172 1900