How to prepare for market changes

A Sensitivity Analysis Template allows you to show the impact of market changes in your business plan. In light of Brexit, and the changes it will bring, this tool will be very useful.

For example, if your sales are higher than previously forecast, this can be reflected in the sensitivity analysis several times. The template will automatically modify your gross and net profits for each of those occasions, along with other applicable areas.

To give a detailed analysis, the template also covers:

  • Sales
  • Cost of sales
  • Wages and salaries
  • Sales and marketing
  • Administration expenses
  • Operating expenses
  • Depreciation
  • Operating income
  • Interest on loans

This simple template is a very useful resource for businesses, and should be used in conjunction with the ThinkBusiness.ie Business Plan Guide.

Recommended

Guide

Don't sit back - prepare for Brexit

If your business is importing from, or exporting to the UK, you must consider the implications Brexit will have on your business, particularly when it comes to fluctuations between the Euro and the Pound.
Guide

How to deal with Brexit risks

Identifying and targeting new markets should also be given serious consideration. A good place to start is with your UK based competitors.