Master Your Financial Forecast: A Step-by-Step Guide with LivePlan

In this webinar, Joe Yoshoneczey from the LivePlan customer success and training team guides you through the process of building a strategic financial forecast. You'll learn how to start your forecast from scratch, incorporate advanced cash flow settings, and use powerful features like industry benchmarks and what-if scenarios. Discover how a forecast can become a living, long-term roadmap for your business. Ready to take control of your financial future? Watch the full webinar to get started.

What You'll Learn

This webinar is packed with practical tips and answers to the most common questions from our partner community. Here's a look at what we cover.

Build Your Initial P&L Forecast

• Start with the Structure: Learn why it's more efficient to outline your revenue streams, costs, and expenses before adding specific numbers, saving you time and effort.
• Master Key Categories: Understand how to accurately forecast for Revenue, Direct Costs, Personnel, and Expenses, including the key differences between regular and direct labor.

Refine Your Forecast with Advanced Settings

• Improve Cash Flow Accuracy: Account for how and when you get paid and pay your bills using Accounts Receivable and Accounts Payable to avoid cash flow surprises.
• Factor in Financing & Assets: Properly account for loans, investments, dividends, and asset purchases to get a complete financial picture.

Analyze Your Financial Health

• Understand Profit vs. Cash: Get clear on the critical differences between your Profit & Loss Statement and your Cash Flow Statement to make informed decisions.
• Compare Against the Competition: Use industry benchmarks to see how your forecast's gross and net profit margins stack up against similar companies.

Leverage Advanced Forecasting Tools

• Create What-If Scenarios: Build up to 10 different forecast scenarios to model a best-case, worst-case, or new venture, helping you prepare for any situation.
• Share and Collaborate Securely: Learn how to use LivePlan's download and sharing features to easily provide your forecast to a lender, investor, or advisor.