Jan 31, 2019
In episode 126 of Financially Simple, Justin looks at creating a Pro Forma for your Business.
A Pro Forma is a living document that will act as a record of a business, and will also allow you to make certain predictions of where a business is headed. Justin goes over the fundamentals of making a Pro Forma for your business, and explains why having one is of great benefit.
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00:26 - How to Build a Custom Pro Forma
01:19 - What is a Pro Forma?
03:36 - How a Pro Forma works
06:02 - Income
08:32 - Expenses
13:58 - Projecting Risks
14:40 - The Benefits of Categorisation
18:49 - Net Income
20:25 - Tracking the Growth and Value of a Business
21:57 - Summary
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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