Financial Plan
Service Description
Full financial plan and budget with a breakdown of set up costs and forecasts for cash flow and profitability
Service Benefits
A full financial plan of the proposed practice is essential to identify where the resources will be needed but also the amount of resources required.
Through forecasting the anticipated costs of set up, plus forecasting the cash flow position and profitability of the business over a 12 month to 3 year time period is essential to monitor how the business is performing once up and running.
Banks and other lenders will look for a realistic financial plan when making decisions about lending to dentists, therefore a well thought out financial plan specifically designed for dentistry will make it easier to raise finance from a bank or other lender. |