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Starting a business

Forecast your first year

A first-year forecast built only from numbers you give it.

Best for
Anyone planning a new business
Est. time saved
2+ hours
Works with
ChatGPT, Claude and Gemini

When to use it

  • You want a rough monthly picture of income, costs and cash for year one.
  • You have prices, likely sales and costs, even if they're rough.

When not to

  • As financial or tax advice. Check it with an accountant.

What to have ready

  • Your prices
  • How many sales you expect each month
  • Your set-up costs
  • Your monthly running costs
  • Any money you're putting in

The prompt

Fill in the [BRACKETS], then paste it into ChatGPT, Claude or Gemini.

› the prompt
You're helping me put together a rough first-year forecast for a new business. This is a draft for me to check with an accountant.

Prices: [WHAT YOU CHARGE]
Expected sales each month: [YOUR BEST GUESS, E.G. 10 IN MONTH 1 RISING TO 40 BY MONTH 12]
Set-up costs: [E.G. EQUIPMENT, WEBSITE, INSURANCE]
Monthly running costs: [E.G. RENT, SOFTWARE, FUEL, YOUR PAY]
Money going in at the start: [E.G. $10,000 SAVINGS]

Please:
1. List every assumption you're using, and mark which came from me and which are your guesses.
2. Make a month-by-month table: income, costs, profit or loss, and cash in the bank.
3. Show when the business would break even, if it does in year one.
4. Show what happens if sales are 25% lower than I expect.
5. List the numbers I should check first.

Rules:
- Use only my numbers. If something's missing, ask me or mark it as your guess. Don't fill gaps silently.
- Show your working.
- Don't work out taxes. Leave that to my accountant.
- This is a draft for me to check. It's not financial advice.

Example input

A made-up example of what the brackets might say.

Price: $45 per bike service. Sales: 20 in month 1, rising by 10 a month. Set-up: van $8,000, tools $1,500, insurance $600. Monthly: fuel $150, phone $30, software $20, my pay $1,500. Money in: $12,000.

Tips

  • The "25% lower" view is the one to plan around.
  • Update it with real numbers each month once you've started.

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