No one can predict the future, but it is a skill to be able to create the next best thing; a reasonable forecast. It takes intelligence, insight and experience. We have all three of those.
Financial forecasting is an often overlooked tool in running a business and is only wheeled out when going for a loan or looking for investment.
This business tool has so many more applications and can really help management make informed strategic decisions way before you need a loan. In fact, if management used this more often – the need for a loan may not have even arisen in the first place.
Once they are set up, they are easy to update and they supply so much information… do you have one in place? If not, speak to us about getting your financial forecasting started.