Why a Business Needs Financial Forecasting

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Why a Business Needs Financial Forecasting

Forecasting is extremely important for any business, but unfortunately, many businesses do not put a forecast in place. Business owners are often too busy solving problems and searching for the next sale and ignore the forecasting process.  

However in order to identify new opportunities and gain competitive advantage small and medium sized businesses need to incorporate forecasting into the management process. Once they have put together projections, they can use them as a guide for strategy and decision making.  

What is Financial Forecasting?

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