Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
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episode 187: The Power of Intentional Forecasting
What happens when the economy drastically shifts? Will your business survive? We’ve seen this in the wake of the pandemic where companies were forced to change or close.
This is where forecasting comes in. Most people think forecasting is future-proofing and predicting the future in some way, but that’s not the case. Instead, forecasting is a continuous process that allows you to know when you need to change.
Don’t leave it up to chance. We’re taking you through the six steps of intentional and purposeful forecasting and how it can help you make better business decisions, even when times are tough.
If you want to learn how you can use forecasting to protect and grow your business, this episode is for you!
3 reasons why you should listen to the full episode:
- Understand the importance of forecasting and how it can help you make decisions.
- Learn the 6 steps of intentional and purposeful forecasting.
- Find out the most important step that most business owners forget about when doing forecasting.
Episode Highlights
- [01:04] What is Forecasting?
- [02:28] Step 1: What’s Your Impact?
- [04:29] Step 2: Data Gathering
- [05:44] Step 3: Data Analysis
- [06:33] Step 4: Make Assumptions
- [07:58] Step 5: Financial Forecasting
- [08:15] Step 6: Update the Forecasting
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