A financial plan is crucial to every business.
It involves creating a budget, forecasting income and expenses, and setting goals for the future so that you can make sound decisions about finances that allow you to maximize revenue and minimize expenses.
There are over 30 million businesses in the United States employing 58.9 million people
28,860,000 of businesses DO NOT have a financial forecast
Less than 5% measure their performance.
Payments are made with precious working capital 98% of the time.
39% of all invoices sent are paid late.
Very few businesses inform their strategy with learnings from actuals.
50% of businesses fail within 5 years and
82% of them cite cashflow as the main reason
Begin your financial plan by identifying your budget categories.
Types of Revenue
Types of Expenses
Once you have identified your budget categories, further craft your plan by quantifying the monthly expected income for each over at least the next 12 months. At Arena, we believe in setting your revenue targets first so that your planned expenses can represent what it will take to achieve those targets.
Expenses also take different forms.
While goals do not guarantee success, they provide a sense of direction when navigating the financial complexities of a small business.
We believe that your growth will start with our managed process. We deliver qualified advice from CFOs who understand your business with tools to create a successful financial plan and regularly measure progress.
Our Expert Staff
Take the assessment today for your business. With Arena, you can have an expert finance team to guide informed operational investment decisions about your business and provide a solid strategy optimized for your goals.