Forecasting business revenue and expenses during the startup stage is really more art than science. Many entrepreneurs complain that building forecasts with any degree of accuracy takes a lot of time–time that could be spent selling rather than planning. But few investors will put money in your business if you’re unable to provide a set of thoughtful forecasts. More important, proper financial forecasts will help you develop operational and staffing plans that will help make your business a success.
- Start with expenses, not revenues.
- Forecast revenues using both a conservative case and an aggressive case.
- Check the key ratios to make sure your projections are sound.
via Alltheseideas.com.
Business Opportunities Weblog En Español on March 18th, 2005 at 4:32 am
Como Pronosticar el crecimiento al Iniciar
Entrepreneur: Pronosticar las utilidades y gastos de un negocio durante la etapa inicial del negocio es mas arte que ciencia. Muchos emprendedores se quejan que para construir un pronostico con algún grado de precisión toma mucho tiempo – tiempo que…