Financial forecasting is a key element of business planning. Many businesses are still investing based on gut-feel, but solid, sound business planning is essential to ensure success. Financial forecasting is a key element of all business plans, and if done well, will clearly set out the projected business performance from a profit perspective, but more importantly from a cash flow perspective.
The Projections will also help the business owners / managers understand profit margins, overheads, the break even point, the level of risk, the cash funding requirements and the payback period. Key among this is the cash requirement of the business. The forecast will help stakeholders identify when another round of funding may be required and how much.
Here at Saigar & Company we have strong business planning and financial forecasting experience. Whether you need these services for general business planning or required by the Bank for funding applications, we can help.