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I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. Maybe these five points, taken from that earlier post, will help: 1. Forecasts are for business, not truth, or beauty. They are almost never exactly right.
It aggregates various U.S. Probably one of the most intimidating parts of business planning is forecasting and budgeting. Also, if you’re looking for funding or a business loan, you won’t have any idea how much money you should ask for if you don’t put together a basic forecast. For the U.S. Get funding.
What I did is I learned the art of a pro forma and the value of a pro forma which basically is a forecast. If you don’t know what your cash flow forecast is, you don’t really understand your capital needs. There are SBA loans. This is because there are a myriad of loan products out there. Just to dive into the first.
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