Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
Most cfos say when you forecast, you should plan two forecasts: a plan A and a plan B. I ask if you, if neither plan A or plan B occurs, what then? My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Today’s business owner needs to be prepared for multiple what-if scenarios and they need a CFO who can provide what-if capability. In addition to providing multiple what-if scenarios, I’m able to update those scenarios on a continuous basis, adapting to changing business conditions, because we don’t know what tomorrow will bring. And that’s why we forecast. And remember, the most successful business owners know their numbers!