Even the smallest businesses need planning and control. Lacking a plan is one of the biggest reasons small businesses fail. Leon Herman wrote, “much like a map helps you plan a long journey, a financial forecast helps your business achieve goals.” By having a financial forecast, businesses can help reduce the risk of failure.
A Business & Accounting Solutions outsourced CFO wears many different hats. One of those hats is the ability to create financial forecasts for businesses. A successful financial forecast can do a lot of great things for a business including:
- Allows you to guide your business in the right direction and take control of cash flow
- Helps with obtaining loans or other funding from investors
- Provides a benchmark when measuring future performances
- Identifies potential risks and cash shortages that can put your business in trouble
The most successful small businesses know the value of a financial forecast. Businesses which fail to make financial forecasting as part of their fiscal duties often end up struggling to meet financial goals. This kind of oversight is common without an in-house CFO with the tools or knowledge to create such a forecast, as well as keeping it accurate and updated. BAS PDX can be your outsourced CFO, providing you with a financial forecast at a price point your business can afford.
Call Business & Accounting Solutions, LLC (BAS PDX) today (503) 710-6213 for your Financial Forecast Solution. BAS PDX provides a complete list of outsourced CFO services to Portland and Gresham, including how to raise capital, financial forecast services, high-level strategy, finance consulting, system design, cash flow, and bookkeeping.