How do I track against a plan (budget / forecast / projection vs. actual)?

A business plan helps you achieve your vision sooner, identifying potential opportunities and road bumps ahead of time, and straightening your path to success.

A business plan helps you achieve your vision sooner, identifying potential opportunities and road bumps ahead of time, and straightening your path to success.

Plus, businesses who plan grow 30% faster. (LivePlan.com)

Amplify Methodology-3

The first step in building a plan is to bring the past growth patterns into the future:

  • Base Scenario: historical seasonality + year over year growth rate % to capture the existing momentum of the business
  • Target Scenario: Base Scenario + additional revenue and profit generating efforts

Amplify Methodology-3-1

The next step is to plan out expenses:

  • Variable Costs: which expenses will fluctuate with changes in revenue?
  • Fixed Expenses: which expenses will stay the same each month, regardless of changes in revenue?
  • Capital Expenditures: what investments into the business are going to happen in the next 12 months?

Our tool of choice to track actual results against a plan is LivePlan.

Swyft + Amplify-3