Assisting You With All Your Business Forecasting Needs
As a CFO or small business owner, much of your focus is on your company’s immediate needs. However, it’s essential to carve out time to set long-term goals, or you may find yourself facing an unanticipated issue. Strategic business forecasting allows businesses to anticipate and avoid common obstacles while supporting their journey to achieving their goals. Cathy Kemnitz Consulting is committed to partnering with your business to establish a customized and effective business forecasting strategy to protect the long-term stability of your company.
Essential Business Forecasting Tools and Methods
We approach business forecasting by working with your unique needs and goals. We usually begin with a rolling 12-month forecast, which projects a complete profit and loss, cash flow statement, and balance sheet for the next 12 months. This 12-month forecast will include several essential pieces of information (i.e., detailed operating expenses, fixed asset schedule, sales growth strategy, etc.) to guide future decision-making.
We also recommend a 12-month budget that allows you to set detailed expectations and achieve each goal. A 12-month budget serves as a valuable tool, as you can measure the impact of both minor and significant deviations from the plan.
Additionally, we will guide you through the process of analyzing actual results against the budget to understand the impact of deviations. These tools can help you track and understand your company’s budgetary needs and financial trends, allowing you to identify areas of improvement to support the long-term sustainability of your company.
Empowering You to Move Forward With Greater Confidence
Without understanding the big picture of your company’s finances, you risk encountering challenges and obstacles later on. Cathy Kemnitz Consulting is here to help you assess your company’s current performance and project where your business will be in the future.
By helping you participate in strategic financial forecasting, we aim to empower you to anticipate any potential shortfall months or years in advance, measure your progress toward goals, analyze any misses or shortcomings, and clarify expectations for management and investors. Reach out today to learn more about how we can support your growth.