The Small Business Owner’s Guide to Financial Forecasting

Aug 10, 2019

The Small Business Owner’s Guide to Financial Forecasting

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No matter the size of your business, financial forecasting is vital—even if you haven’t officially started your small business yet. It is essential in order to receive funding from banks or investors; furthermore, a financial forecast is necessary for you to understand how to ensure your business will succeed.

Starting a business is undeniably difficult, and predicting how the business will do in the future is hard. It can also a surprisingly emotional process. These difficulties can be compounded when the broader economy is volatile. Even still, a financial forecast is fundamental to understanding what success for your small business looks like in dollars and cents.

About the Author

Barry Eitel

Barry Eitel

Barry Eitel has written about business and technology for eight years, including working as a staff writer for Intuit's Small Business Center and as the Business Editor for the Piedmont Post, a weekly newspaper covering the city of Piedmont, California.

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