Sales Forecast

Sales Forecast

Analysis, Budgeting, Financial Planning and Analysis, Forecasting, Income Statement, Ratios, Sales Forecast
Putting together a sales forecast is one of the very important first steps for any starting business and is of great value. Even if you do not have a complete business plan, having at least a sales forecast is a great advantage for managing successfully your business. Still many entrepreneurs complain that building a forecast with any degree of accuracy is nearly impossible and takes great deal of time, so they try to avoid it. Don't be one of them. Your sales forecast is not about guessing the future. It is about laying out the sales drivers and trends while considering your business, market, customers and competitors. After you have reasonable and sound sales forecast at your disposal you should start monitoring your monthly results versus your forecast and take the…
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