Hearpreneur
SEPTEMBER 25, 2022
Besides the general focus on customer and product development, an entrepreneur should foresee the next moves that will serve to guide him on the right path. When an entrepreneur can forecast his next moves, even his/her employees become part of the moves the business makes. Photo Credit: Chris Jones. Photo Cedit: Guney Ozberk.
Startup Professionals Musings
JULY 15, 2013
Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Using your data, here are the basic elements of the projection process, which are measurable by milestones, and can be tracked to show when a re-forecast is required: Start with sizing per-unit profitability.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Up and Running
MAY 29, 2015
First, allow me to deal with a very common problem: Business owners are often afraid to forecast sales. It doesn’t take spreadsheet modeling, much less econometric modeling, to estimate units and price per unit for future sales. New product or not, your sales forecast won’t accurately predict the future.
Up and Running
APRIL 12, 2018
Creating financial forecasts and budgets are not typically how many entrepreneurs envision spending their time, but these tools are incredibly necessary. An accurate and thoughtful forecast can be time-consuming, but it will help you to make informed decisions regarding staffing and growth, and it will help you attract investors.
Up and Running
MAY 18, 2011
Tweet (Ed note: this is an excerpt from The Plan As You Go Business Plan , posted here with permission of Entrepreneur Press, the publisher. Remember, there is no single way to forecast any business. Magda was looking at forecasting sales for a small restaurant. It’s often very creative. See the example below.).
NZ Entrepreneur
NOVEMBER 19, 2019
In Part 1 of this two-part series on forecasting, we discussed why it’s important for any size or type of business to get into the habit. Then we looked at four ways to help improve your forecasting accuracy. Does the forecast stack up when you express it in non-financial terms? Step away from the forecast.
Up and Running
MAY 24, 2011
(Tim’s note: this is an excerpt from The Plan As You Go Business Plan , posted here with permission of Entrepreneur Press, the publisher. Remember, there is no single way to forecast any business. Magda was looking at forecasting sales for a small restaurant. It’s often very creative. See the example below.).
Expert insights. Personalized for you.
129 
Let's personalize your content