{"id":3038,"date":"2016-12-09T09:28:42","date_gmt":"2016-12-09T09:28:42","guid":{"rendered":"http:\/\/liquidcapitalcorp.com\/?p=3038\/"},"modified":"2026-07-22T14:12:08","modified_gmt":"2026-07-22T14:12:08","slug":"looking-forecast-better-handle-process-differently","status":"publish","type":"post","link":"https:\/\/liquidcapitalcorp.com\/fr\/blog\/business-growth\/looking-forecast-better-handle-process-differently\/","title":{"rendered":"Looking To Forecast Better? Handle The Process Differently"},"content":{"rendered":"

\"financial<\/p>\n

Leaders of growing companies know that planning is key for continued success. If you haven’t looked ahead at your not-so-distant future strategy, it\u2019s time to evaluate where your business is and where you want to take it moving forward.<\/p>\n

Use helpful forecasting tools<\/h2>\n

Forecasting and budgeting tools simplify the process of planning for growth.<\/p>\n

Capterra<\/a> is a free service that helps businesses find the right software solution for a variety of services \u2013 from barcoding to performance appraisal. Its list of Top 10 Budgeting and Forecasting Software<\/a> will reduce the time searching for the best tool for your needs.<\/p>\n

Also consider a different approach to how you\u2019ve handled forecasting and budgeting in the past. On the hostanalytics.com<\/a> blog, a recent post \u201cA Call for Change: 6 Indicators You Need A New Approach to Budgeting\u201d<\/a> explains, \u201cThe first step in any budgeting process overhaul is to identify the need for a change.\u201d And there are warning signs of problems on the horizon…<\/p>\n

6 red flags in your budgeting overhaul<\/h2>\n

1.\u00a0\u00a0\u00a0 The budgeting process is taking too long.<\/p>\n

2.\u00a0\u00a0\u00a0 You aren\u2019t satisfied with your planning capabilities.<\/p>\n

3.\u00a0\u00a0\u00a0 You\u2019re spending too much money on budgeting.<\/p>\n

4.\u00a0\u00a0\u00a0 Your forecasting performance is struggling.<\/p>\n

5.\u00a0\u00a0\u00a0 Your budgets and plans lack long-term visibility.<\/p>\n

6.\u00a0\u00a0\u00a0 Your budget isn\u2019t providing the flexibility you need.<\/p>\n

How to perform your analysis<\/h2>\n

If you\u2019re looking to develop a more aggressive budget you may need to forecast sales and expenses over a multi-year span. Along with reviewing sales and revenues from previous years, pay close attention to the comparison of sales to expenses such as rent, materials, and salaries.<\/p>\n

Are economic conditions in your industry and\/or locale (if applicable) such that you can expect to achieve the same profit in the next year or more? Will there be a burgeoning demand for your product? Should you invest in equipment that enables your staff to work more efficiently? Is it time to add new products\/services?<\/p>\n

Be realistic and weigh the negatives (e.g., new competition or unexpected loss\/damage). Also consider whether an alternative financing solution could play an important role in your growth plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leaders of growing companies know that planning is key for continued success. If you haven’t looked ahead at your not-so-distant future strategy, it\u2019s time to evaluate where your business is and where you want to take it moving forward. Use helpful forecasting tools Forecasting and budgeting tools simplify the process of planning for growth. Capterra […]<\/p>\n","protected":false},"author":2,"featured_media":3039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-growth"],"yoast_head":"\nLooking To Forecast Better? 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