Why you need a financial forecast for business operations

 

Why Forecast

Because individuals and businesses should compare actuals to plan the financial future status. Forecasting offers financial course correcting and reforecast on a monthly basis to assess if their course corrections are delivering expected results. Today’s economy and political environment makes the financial forecast everything. Lenders expect a return on investment (ROi); forecasting offers better credibility along with a good credit history.

Understanding if income can decrease based on circumstances such as minimum wage hikes, loss of vendor, expansion or franchising, interest rates, tax increases, shipping costs, changes could be costly if not cost effective nor prepared. Spreadsheets are prepared and delivered for continued reviews or changes of your finances. Training on updating the forecast is available.  The forecasting plans below only offer a report based on the information and research provides. Companies must know whether there is enough reserves and stock to handle supply or other disruptions. Failure to understand how much would new staffing cost with raises and benefits OR can a small-business afford steady employment can delay growth.

Have consistent plus sufficient expansion methods and marketing  techniques planned?

KASHBACK is not a financial advisor. Our company networks consists of Licensed CAA and 
CPA’s that perform the reports. The reports provide projections and not actuals due to 
inflation and economic circumstances.

Please consult a financial advisory for long-term accounting services. 

How to pick a good financial advisor?

 should be based on will you be paying them fee-based or long-term  your growth builds
their growth service-based ‘get the hint’. Long term interests can be more beneficial than
short term, unless it’s a great stock with beautiful interest and low risks. 

Review your business, prepare your financials, write down questions, research the network,
consult – consult – consult.