- Blog
- Financial plan example Excel
Financial plan example Excel
It is crucial for any business to have a well thought out financial plan. Your business will simply not succeed if there is no money and a clear revenue forecast. In fact, based on fixed and variable costs, you can start calculating how much turnover you need to turn over to break even. This way, you know in advance how much turnover you need to turn over each month to get out of costs. Our Excel financial plan example will help you with this.
Download our financial plan sample
You can access a Google Sheet of our financial plan example via the Google Drive link above. You can also copy this to your own Google Drive, share it with others or download it as Excel.
Download fincancial plan example excel
Why is it important to have a financial plan?
A financial plan ensures that you think about your costs, product and services. Based on this, you can also adjust your asking price to still break even. When starting a company or to get loans, it is often also mandatory to present a financial plan.
Why is breaking even a must?
The break-even point is the point at which total revenues equal total costs. In other words, it is the point at which you make no profit or loss. Calculating the break-even point is important to determine when a business will become profitable. In your financial plan, this calculation helps you set realistic goals and develop strategies to reach those goals.
What's in a financial plan?
A financial plan is divided into the following aspects:
Investments
By using a more expensive product or service as a reference, the perceived value can be increased. For example, a company can offer a 'premium' package with a higher price to make the standard package more attractive.
Funding
Under the funding section, enter your own input. Can't get there with your own contribution? Then you can also take out a loan and mention this below.
Turnover forecast
In sales forecasting, you predict how much turnover you will make per product or service you offer. Try to base this on a normal year.
Break-even turnover
After all the previous steps, we have a view of the expected turnover and all the costs needed for your business. Our excel now simply calculates how much turnover you actually need to break even.
How does our excel example work?
You can use our 'financial plan excel example' here download with a simple click and start filling in.
If you would like help or advice on filling it out, you can always contact me without obligation.
Kurt Vervloet
Kurt Vervloet is a business coach, blogger and speaker. Since 2017, he has been coaching businesses around the world, ranging from solo entrepreneurs, SME companies to executive management teams at large organisations. His clients choose to work with him because of my proven, no-nonsense approach to optimising and scaling businesses. By achieving great results with his clients, he has already been rewarded with several Awards.
