Financial forecast- Budget and cashflow

Nightmare guys, these has taken the best of me and definitely recommend to do it many times as along the way you learn a lot about legal and financial implication of a business depending on the region you are working.

The very beginning was kind of smith as comes with an analysis of personal budget, long but fun part of it. Then get real and find a balance filling in things you need to develop a strong business of the area of photography you are passionated about... Do tons of research, I mean you just never stop adding and understanding there is more to add from the internet, as times change significantly keep a wide research of competitors and industry reports so when you sit down with all the information then is about filling in! (I have got forms from Start UP loans, it comes handy as the template already has formulas integrated to save you some time )

NB. Its hard time to enjoy if you, like me, are not very keen on maths but hey I encourage you to make it happen, if I manage to do it then whats stoping you today? there are always good results from hard work, work toward your dreams confident!

Example of first year of the business results:

*Useful article/ guide to make it work and gave more realistic figures:

https://www.entrepreneur.com/article/271446