OK, so December was chaotic. Sales surged, events accelerated, and everyone needed a piece of you. Whether or not your small business met your 2018 expectations, it's January now, and 2019 is full of opportunity. Here's an idea. Take a step back and envision your year ahead.
Establish your financial goals for the year and create a realistic forecast for how your small business will meet those goals - including sales, revenue, expenses and profit. Forecasting is so much fun! It's almost like looking into a crystal ball! You'll be able to look ahead to next December and see how your bottom line will improve. Even though it's still the beginning of 2019!
Maybe you need to adjust the strategy, products, sales channels, marketing activity, or expenses. By establishing a small business forecast, you'll know where to go from here.
Let us know if you or a small business owner you know needs help!
All the best for your success,
Amanda Weathersby is an entrepreneur who sold one business to a publicly traded company and another to her partners. She, like more than 300 speakers at 100 Entrepreneur Foundation classes, also knows about business failures. Creative problem solving and predictive forecasting tools have become her passion.
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