Tim has taken us through what a business plan is, how to just jump in and get started, how to hone your strategy and focus… now it’s time for the reason why you started a business in the first place. Money!
Knowing how much money you have and how much you need are two important parts of a successful plan and a successful business. But just as important is forecasting out your sales. According to Tim Berry, good forecasts are created by forming well organized, educated guesses based on research and past results. In other words – it’s okay to be wrong in your forecasting! But make sure you pay attention to where you were off and why. That will help you make better guesses in the future!
(If you can’t see the videos above, you can view them on our how to write a business plan video page)