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  • Writer's pictureBeacon Business Advisors

How Can Short Term Business Forecasting Help Your Business?

Updated: Dec 20, 2023



Improve the predictability of your business. Are you a small business owner looking to grow? Are you considering expanding into new markets or adding new products or services? Do you want to improve your business’ profitability? By using a Short Term Business Forecast, you will gain a better understanding of your short term goals, your objectives and the planned steps you need to take to succeed. All this can help eliminate potential failure or losses before they happen if you stick with your plan.


Short Term Business Forecasting, a 6-12 month look ahead, provides your business and team with a clearly defined set of goals, roles and responsibilities. While “forecasting” involves guesswork in addition to hard data, you will be able to quickly test and learn from your results and make informed and intelligent decisions. By revisiting your progress in smaller time increments you will make course changes regularly as needed and the accuracy of your Short Term Forecasts will continue to improve. This can lead to a more efficient workplace, greater productivity and improved customer and employee satisfaction.


Beacon Business Advisors can assist you by helping you keep your head up and out of the day-to-day mundane by creating different Short Term Forecasting scenarios. We will work with and let you look into a Short Term Forecast in which you can see your business dreams come true or the worst case scenarios where you need to have a Contingency Plan in place. It's all about forecasting, planning and executing in order to track results and determine a plan of action with those results. What is working? What isn’t? How do you adjust to keep cash on hand and keep moving forward?


As all business owners know, the world is constantly changing and that means your business needs to change along with it (whether you want to or not). No one can predict the future but Short Term Business Forecasting is a way to be proactive instead of reactive. Anticipating market, economic or other potential changes to your businesses current state results in fewer surprises and enables your business to achieve higher rates of success. For the small business owner, it can provide a better life-work balance.


Contact us at Beacon Business Advisors for a 15 minute free call to see if we are a good fit for your business. Beacon Business Advisors will help you Plan. Organize. Perform.

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