Forecasting can be tricky business - there are a lot of factors to consider, and of course no forecast can be foolproof. But there are ways you can optimize your forecasting to help you make informed decisions for your business. In this lesson, Olga Sommer explains how.
WHAT YOU'LL LEARN
- Why forecasting sales and expenses is so essential to the health of your business
- The difference between budgeting and forecasting
- Four steps to an effective forecast
This course is aimed at new and aspiring managerial staff looking for ways to optimize their business’ cash flow management.
Olga Sommer is the Director of Revenue for Nobu Hotel London.