business forecasting

Business Forecasting

Planning ahead is critical to setting and achieving objectives for your busines. This guide will show you how to: understand forecasting and what it can do for your business prepare a short-term forecast prepare a long-term forecast prepare a feasibility study What is forecasting and what can it do for businesses? Forecasting is fundamental to all businesses, however small. At several key moments you will need to plan for what you think is going to happen in the future, both short-term and longer-term – as you set up your business, when you seek financing and when you work out how much you will earn from your company. You will then need to revisit these forecasts and make changes to your strategy so that you stay on track to meet your business goals. Making regular forecasts and comp... »