How’s the forecast looking for your business?

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You don’t go fishing without checking the forecast, nor should you run your business without an annual forecast! Don’t live in your raincoat, waiting to get soaked - take control and talk to us about your forecast. Talk to us about how we can help you create sunshine!

Always check the forecast

Whenever we're going on holiday or have plans for the weekend, we always check the weather forecast so we can plan accordingly.

It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading.

What can a business forecast tell you?

  1. If you have enough sales in the pipeline to give you the desired level of profit for the year.
  2. Whether your margins are appropriate.
  3. If you need to review your pricing or production processes.
  4. If your business is running as efficiently as it could be.
  5. Where savings can be made.
  6. Whether you should invest more to get a better return.
  7. How much money you need to set aside for tax.
  8. How much money you can draw out of the business each month without running short.
  9. How much debt you’ll be able to pay off.
  10. Whether or not you'll be able to meet all of the bank’s requirements.

The difference between a business forecast and a weather forecast is that, when the business forecast is showing bad weather, you can do something about it to help make the sun come out. The forecast will tell you what’s going well and what’s not, so you can make adjustments to reduce the impact of bad weather. Setting cashflow targets and regularly monitoring your actual cashflow against your forecast will help set your business up for success – services such as Cashflow Management can help improve your business forecast and put some structure in place to ensure the sun keeps shining.

Just as you wouldn’t go tramping without checking the forecast, you shouldn’t run your business without an annual forecast. So, don’t live in your raincoat, waiting to get soaked - take control and talk to us about getting your forecast done so you know what to expect.

“Planning is bringing the future into the present so that you can do something about it now.” - Alan Lakein