26 Mar

Forecasting – A vital management asset

The demands of running a business on a day-to-day basis can sometimes leave little time for the demanding function of budgeting and forecasting. And yet forecasting can be a vital part of the success of any organization. It provides owners and managers with valuable targets and insights, such as (a) business plans to measure the company’s performance; (b) return on investment targets for investors and financial institutions; (c) a detailed performance roadmap for all management and staff; (d) yardsticks to manage corporate, divisional, managerial and employee performance; (e) targets for incentives and performance bonuses at all levels, and others.

Our Forecasting Methods

We have developed a methodology and expertise in forecast creation, management and training in this crucial area of day to day business. It provides management with the ability to optimize all available resources including financial, physical and human assets. Managing results against previous achievements can be helpful, however, times are not static and expectations can vary as does the competitive marketplace. The ability to create an accurate and meaningful ongoing business plan offers a target against which a company can measure and analyze its performance. A fluid forecast allows management to make timely adjustments in all critical areas to maximize performance at every level.

We would welcome the opportunity to meet with you to see how we can help to create this most valuable management tool for you or assist you to improve the one you currently have and may not be fully utilizing. We realize that your time is valuable, but that is the only cost of the initial meeting. We know how important this area of business management can be and because of that, we believe this will be time well spent.

We can be reached by phone at 514-347-9804 or by email at bob@bobsugar.net, or visit us on our website. We look forward to hearing from you.

 

Related Posts