THE IMPORTANCE OF BUSINESS FORECASTING
Failing to plan is planning to fail. I have discussed this concept at a micro level as it relates to planning sales calls. It is even more applicable at a macro level when it comes to business planning from a financial standpoint.
Some common financial questions that business owners ask themselves are:
- When can I invest in additional products or services to grow my business?
- How much money can I take out of my business?
- How do I make payroll???