Definitive Business Plan, Second Edition, The

Moving on

Once you have made allowances for contingency, tax and interest you really have done almost all of the hard work. You have a detailed profit and loss account. Now it is just a case of reallocating the numbers in order to produce a balance sheet and the all-important cash flow projection. When you have done this once, it will be almost automatic in the future. Moreover, you will be able to change one number in the sales forecast and instantly see the effect on cash flow. Does this sound as if it will be a useful management tool? I think so.

Those who are prospering do not argue about taxes.

—Chinese proverb