Forecasting Profits
- Topics:
- Financial Statements
- Tags:
- BizMove.com,
- Business,
- Finance,
- Financial Accounting,
- Forecasting,
- Sales,
- Sales Force Management
- Source:
- BizMove.com
FREE Registration is required
Overview: Forecasting, particularly on a short-term basis (one year to three years), is essential to planning for business success. This process, estimating future business performance based on the actual results from prior periods, enables the business owner/manager to modify the operation of the business on a timely basis. This allows the business to avoid losses or major financial problems should some future results from operations not conform to reasonable expectations. Forecasts - or Pro Forma Income Statements and Cash Flow Statements as they are usually called - also provide the most persuasive management tools to apply for loans or attract investor money. As a business expands, there will inevitably be a need for more money than can be internally generated from profits.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2003 | Pages: 1
People who downloaded this item also downloaded
 |
The Role Of Forecasting In Financial Planning |
