The Benefits of Forecasting
Today I want to talk about the benefits of forecasting for your business.
Over the past couple of weeks, I have been working with many businesses helping them put down on paper their business projections for the new financial year.
From the business owner’s ideas of revenue for the next 12 months, I help them formulate resource plans to deliver that revenue.
The benefits to the business owner of doing this include:
- They are starting to plan now for future resource requirements such as staffing.
- They can see any cash pinch points early, allowing them to start to formulate action plans now before any cash pinch point adversely impacts the business.
- They can evaluate different scenarios to see if there are other ways to achieve the same (or better) business result.
- They can formulate back up plans if revenue and resource assumptions are proved to wrong (and we all know you never guess the future 100% accurately).
Effectively the business owner is now on the front foot and can start to pro-actively plan for their future.
If you want help to be on the front foot and pro-actively plan for the future of your business, reach out to me.
Wayne Wanders is an experienced Business Advisor and Outsourced CFO who can help to scale and grow your business profitably. Wayne may also be able to assist you in preparing your budget or forecast
Contact Wayne on wayne@arealcfo.com.au or 0412 227 052.
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Want a confidential discussion on your business situation, help with your grant application or to learn more about my Outsourced CFO Services, simply email me at wayne@aRealCFO.com.au or call me on 0412 227 052
