When building your financial game plan, don’t forget about the capital budget.
This is the plan for purchasing those expensive items – new trucks, equipment, and improvements to the warehouse.
The key questions to ask:
- What do we need to buy?
- Why do we need it? (And is there a return on investment?)
- Who is responsible to research the vendors and terms of purchase?
- How much will it cost?
- When will be buy it?
- Where will it be used? (Which department needs this?)
Ask these questions, and put the answers into this spreadsheet: BBF Capital Expense Plan CAPEX.
For more details on building your Capital Budget, watch the short video below.
Watch the Intro to Beer Wholesaler Financial Planning Video
To help save you time and money, I’ve put together an online course that walks you through each of these steps in the process to create a financial plan for your business.
The course is included with your Annual Subscription to Beer Business Finance.
Need 1-on-1 help to create your financial plan? Learn more about our 1-on-1 services.
