Just about every SME’s that I meet doesn’t have a business forecast, some have a cash flow forecast but that’s about it. At least those with a cash flow forecast will be able to track cash and that’s important. But how do you manage a growing business without a forecast? In my experience with great difficultly.
Successful businesses are fantastic at anticipating future trends & problems and then solving them. The business forecast is the very best tool to help you do that. A good business forecast covers everything from sales to cash, through to production & stock, capacity, resources and timescales that will really help you maximise performance, sales and profit. Make money, save time and reduce stress.
Working with Kent SMEs it is clear that many businesses aren’t sure how to prepare a forecast for the coming period. Neither are they comfortable with managing the business against the forecast. Even a re-forecast can prove really difficult for them. But it isn’t hard to construct a robust ‘living’ forecast that used regularly, can really help you make good decisions and achieve successful growth at a time when the business may be burning lots of cash as it grows.
Even if your accountant prepares your forecast for you, you’ll need to consider:
So to help Kent companies I have designed a new one-day workshop ‘How to Prepare Your Business Forecast’ and its running in November and December – perfect timing to get you ready for a flying start to 2014!
A special offer for Business Bunker readers and listeners
A 50% discount if you use promotional code ‘VIP’ when booking – just look for the ‘promotional code’ link under the ticket information.
I look forward to meeting you at one of the events and helping you forecast and deliver a successful 2014!