Not the Mystic Meg variety, obviously. But it is possible to accurately budget and forecast your business finances, not through psychic means but through detailed planning.
If you don’t develop this skill (or hire someone who can help), your business is at risk of failure.
Creating sales forecasts are one of the only ways you can get a true grip on whether you are achieving your business vision.
It’s vital to be realistic when you create a budget and forecast for your business. Involve all of they key members of your team with the relevant information, otherwise your figures will be pie in the sky.
Your annual budget is a bigger piece of work that requires time and planning – your ongoing 12 month forecast should be updated on a rolling basis.
If you don’t feel you on top of your budgets and forecasts, you can book a free initial session with us