Getting Your Business Forecasting Right
The way we know that our businesses are doing well is by measuring the numbers.
By having budgets and forecasts in place and then comparing your actual results against these numbers gives a true reflection of the strength of your business and allows you to forecast further out looking at cash flow predictions. This also allows you to plan for the growth of your business while at the same time avoiding any traps along the way or at least having contingency plans.
Your business may well be doing OK, but could it be doing better?
This is the basis of business planning....knowing your numbers today is one thing, knowing what the numbers will be is the true measure of success.