Chamber Breakfast Club

Business Forecasting

Business forecasting takes a lot of time and effort; however, it is definitely worth it. Forecasting allows for accurate prediction of future sales based on past performance. This makes for a more efficient operation since the business is able to plan future activities. Sales forecasting also plays a key role in the expansion of a business.

10 reasons for business forecasting:

• Helps to predict the future
• Keep your customer happy
• Learn from the past
• Keeps companies looking ahead
• Save on staffing costs
• Remain competitive
• Receive financing
• Reduce inventory costs
• Helps prepare for a drop in sales
• Prepare for new business

“Planning is an unnatural process; it is much more fun to do something. The nicest thing about not planning is that failure comes as a complete surprise, rather than being preceded by a period of worry and depression.” (Sir John Harvey-Jones)

Christa Cameron ACA of C A Cameron ACA Chartered Accountants will cover various options for cash flow and profit forecasts using excel and Profit Cents from Sageworks for projections, financial analysis and industry benchmarking. 

Cost includes full Scottish breakfast with coffee / tea & juice

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