How visible is the road ahead for your business?
As the UK starts to emerge from what has been a very difficult period for the country’s economy, the path ahead may not be particularly clear right now for many entrepreneurs and businesses.
A good Finance Director with experience of managing budgets and cash flow forecasts will always try to build projections of what the financial future looks like for a particular company by taking in to consideration all known facts and variables that could create alternative outcomes.
Having previously worked for businesses in hospitality, wholesale distribution and multi site retail, I have seen many different variables that can affect a company’s performance which to some extent, are dependent on factors that are only relevant to the industry they operate in. However, by selecting appropriate key performance indictors, a rolling forecast can be quickly updated to reflect latest trends and known facts for any business.
Will a failure to plan leave your business with a plan to fail?
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