Chapter 8. Avoiding Expensive Mistakes
In this chapter:
Develop a business forecast (and learn why you need one)
Plan and prepare to avoid common problems
Learn how to manage four essential functions that will make or break your business.
Financial forecasting is simply the process of projecting how much money you expect your business to bring in, when you expect those funds to arrive, and—in turn—how much money you expect to spend over a given period. In the process, you are making sure that you have enough money to run your business and meet your basic household needs.
This is important. And don't let the word “financial” confound you. The process is really very simple—and vital.
In fact, this whole chapter is dedicated to the proverbial ounce ...
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