With the full picture of the business' financial performance, a financial forecast gives you the ability to make informed decisions about the future. These could include the viability of funding a new project or taking on more staff.
Financial forecasting can also provide further insights for investors or acquirers ahead of a finance raise or when preparing for sale, demonstrating stability based on previous financial history. By identifying a clear set of key performance indicators (KPIs), a forecast can provide metrics by which to assess your business' performance, giving more accurate results and giving you peace of mind when planning a possible exit strategy.
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