Small Business Planning

Happy New Year from Forward View Consulting!  With 2015 just beginning, small business owners and managers across the country are preparing for tax season.  While filing taxes is obviously an important activity, another critical task is often overlooked: budgeting and forecasting for the new year.  Ad-hoc budgeting is fairly common in small business, as are rudimentary financial predictions, but formal business planning is rarely addressed.  We believe that setting obtainable, yet challenging, small business goals should be commonplace.  Why?  Although corporations are the typical budgeting/forecasting kings, they can afford more financial leaks, surprises and shortfalls than small businesses due to corporations' greater access to capital.  Small firms can't call up Wall Street investment banks for immediate financing, unlike major corporations.

Forward View encourages small businesses to prepare an integrated plan for the year ahead. Realistic financial forecasts should be developed in Excel along with specific, attainable, time-bound, measurable and meaningful business objectives.  A good goal would be:  "Increase monthly sales of premium salads by 15% year-over-year before August."  Another example: "Boost annual subscriber growth by 20% through a $10,000 digital marketing investment."  Forward View would be happy to help you implement best practices in budgeting and forecasting.  By planning ahead, you can make 2015 your most successful year yet.

Nathan Yates

Nathan Yates has been fascinated by technology and finance since he was young. He was the kid devouring the business section of the newspaper (remember those?) while others read everything else. Nathan believes that the American economy is built from the bottom-up, meaning that small businesses and local nonprofits are the foundation of our nation's success. These organizations are the lifeblood of towns and cities across the U.S. Unfortunately, most consulting firms overlook companies or organizations that don't have eight-figure budgets. Nathan thought Forward View Consulting should be different. And we are. As Lead Consultant, Nathan works with each client to deliver only the best financial and/or website development services. Nathan's years of web design experience and his business degrees ensure that professional expertise is brought to each project. Our network of contacts can offer additional specialized guidance if needed. Before creating Forward View Consulting, Nathan worked for an independent equity research firm as a Research Associate covering the industrial and energy sectors. This work involved preparing quarterly 15-40 page reports on multi-billion dollar corporations along with timely analysis of M&A activity and industry-wide news. He also managed research distribution and the company's online presence. Nathan also spent a summer serving as a local financial adviser's Research Intern. Nathan earned a Bachelor's degree in Economics and Finance from Southern New Hampshire University, graduating summa cum laude. He then earned a Master's degree in Finance from Southern New Hampshire University, where he was named the Outstanding Student in his particular concentration. Now, Nathan is an adjunct professor teaching economics and finance for his alma mater. In his spare time, Nathan enjoys fishing, reading, time with family and serving as a volunteer webmaster for the Clintwood United Methodist Church.