--- title: "Financial forecasting: How a Sydney medical practice flourished" description: Using a cloud-based financial forecasting system, we were able to give the owners the confidence that their growth plan would work. image: https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Medical.jpg --- [![WLM_Logo_RGB_Orn50](https://insights.wlm.com.au/hs-fs/hubfs/WLM_Logo_RGB_Orn50.png?width=521&height=169&name=WLM_Logo_RGB_Orn50.png "WLM_Logo_RGB_Orn50")](http://wlm.com.au/) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) [Login](https://clientlogin-us2.karbonhq.com/4Frhz6cPZq6r) - [About](https://www.wlm.com.au/about/) - [Services](https://www.wlm.com.au/services/) - [Tax & Compliance](https://www.wlm.com.au/services/tax-and-compliance/) - [Strategy & Advice](https://www.wlm.com.au/services/strategy-and-advice/) - [Clients](https://www.wlm.com.au/clients/) - [Construction & Trades](https://www.wlm.com.au/clients/construction/) - [Family Business](https://www.wlm.com.au/clients/family-business/) - [Insurance & Financial Services](https://www.wlm.com.au/clients/insurance-and-financial-services/) - [Renewable Energy & Environment](https://www.wlm.com.au/clients/renewable-energy-and-environment/) - [Service-based & Other Business](https://www.wlm.com.au/clients/service-based-and-other-business/) - [Insights & Case Studies](https://insights.wlm.com.au/blog) - [Blog](https://insights.wlm.com.au/blog) - [Buying a property with a business partner](https://explore.wlm.com.au/buying_a_property_with_a_business_partner_download) - [How to minimise tax & risk with business structure](https://explore.wlm.com.au/business-structure-whitepaper-download) - [Contact](https://www.wlm.com.au/contact/) # News, views and more ![Financial Planner](https://insights.wlm.com.au/blog/Financial%20Planner) **Financial Planner** 20 August 2019 — 1 min read ### Share [mailto:?subject=How%20a%20Sydney%20medical%20practice%20flourished%20after%20doing%20the%20numbers&body=https://insights.wlm.com.au/blog/financial_forecasting](mailto:?subject=How%20a%20Sydney%20medical%20practice%20flourished%20after%20doing%20the%20numbers&body=https://insights.wlm.com.au/blog/financial_forecasting) [mailto:?subject=How%20a%20Sydney%20medical%20practice%20flourished%20after%20doing%20the%20numbers&body=https://insights.wlm.com.au/blog/financial_forecasting](mailto:?subject=How%20a%20Sydney%20medical%20practice%20flourished%20after%20doing%20the%20numbers&body=https://insights.wlm.com.au/blog/financial_forecasting) ![Financial Forecasting](https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Medical.jpg) ## How a Sydney medical practice flourished after doing the numbers We have much expertise working with health and medical practitioners, one being a successful physiotherapy practice in Sydney’s eastern suburbs. The owners were keen to expand and had the opportunity to lease a second premises next door. First, though, they wanted to understand how this would look from a financial point of view.  Using a cloud-based financial forecasting system, we were able to give the owners the confidence that their growth plan would work. The business has since completed a large fitout of the expanded premises, dramatically increasing revenue and providing the infrastructure to plan further growth into the future.  We continue to meet with the client on a quarterly basis, to track their KPIs and update their forecasts to account for ongoing change, including on the personal front. One was the decision of both business partners to have children, just six months apart from one another. Our forecasting helped predict the income and dividend streams available while each business owner took her maternity leave, and give them clarity around cashflows for the duration of time they would each be away from the business.  For more information on WLM's financial planning services including financial forecasting and more, click [here.](https://www.wlm.com.au/individual/financial-planning/)   [![Wealth and success Free ebook guide](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/6037207/fc3a0e7e-d0e6-4808-a3b9-f37e4726af86.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/6037207/fc3a0e7e-d0e6-4808-a3b9-f37e4726af86) ##### Make a comment [Previous](https://insights.wlm.com.au/blog/insurance) [Next](https://insights.wlm.com.au/blog/best-accounting-software) ## Wealth matters. Ask us how we can help you boost yours. 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Should you wish to seek advice, please feel welcome to [contact us](http://wlm.advisclient.com.au/contact/). ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Financial Planner", "url" : "https://insights.wlm.com.au/blog/author/professional-planner" }, "dateModified" : "2023-12-20T23:52:36.391Z", "datePublished" : "2019-08-20T04:53:24.000Z", "headline" : "Financial forecasting: How a Sydney medical practice flourished", "image" : [ "https://insights.wlm.com.au/hubfs/Blog%20Featured%20Image%202000%20x%201046.jpg%20Medical.jpg" ], "mainEntityOfPage" : { "@id" : "https://insights.wlm.com.au/blog/financial_forecasting", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insights.wlm.com.au/hubfs/WLM_Logo_RGB_Orn50.png" }, "name" : "WLM Financial Services Pty Ltd" } } ```