Financial Forecasting: How to Plan for the Future of Your Business

06/26/23 • 15 min

If you could tell the future, would it change how you make business decisions? That's what financial forecasting is for: to model scenarios and help paint a picture of the future. When done correctly, financial forecasting can help you unlock an edge in your business that is unlike any other. One that allows you to be confident in your plans moving forward, in the decisions that you're making, and in your business itself.

On today's episode, Jeremy walks through the basics of financial forecasting, what it means for small business owners, and more. We'll answer basic questions like, what is financial forecasting? How can I create a financial forecast? What should I look for when forecasting my business's financial position?

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Previous Episode

Understanding Financial Statements: How to Analyze Your Business's Financial Health

Proft and Loss. Balance Sheet. Statement of Cash Flows. These statements illicit anxiety and fear in some entrepreneurs while bringing confidence and clarity to others. Your financial statements are vital documents that uniquely illustrate your business's story! Understanding and analyzing these statements is a critical component of building a successful business.

In today's episode of the Profit Plot, we'll discuss the key financial statements you should be looking at, how to read them, and what insights you can uncover when reviewing them often. If you want to unlock your business's financial story, your financial statements are where you must look to first.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Next Episode

The Importance of Cash Flow Management for Small Business Success

When managing cash flow, most business owners check their Chase app every morning to ensure they still have money. Cash flow management is an essential component of running your small business. Without properly managing your money as a business owner, you run the risk of defaulting on loans, not being able to run payroll, and bankrupting your business. Luckily, cash flow management is an incredibly accessible practice!

In today's episode, Jeremy walks through the basics of cash flow management for small business owners. Together, we'll answer basic questions like, what is cash flow management? How can I manage my business's cash easily? We'll unpack the best practices for managing your cash flow and how you can implement safeguards to protect your business along the way.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46