Forecasting
Forecasting Business Consultants in Phoenix
Why Do Some Businesses Struggle to Calculate Accurate Forecasts?
A fundamental pitfall that can lead to forecasting results that don’t reflect reality is relying solely on financial analysis rather than operational outcome indicators. Financial inputs are an important part of any forecast, but attempting to predict revenue or your bottom line without taking into account real-world operational factors that may affect your business can compromise your forecasting results.
At H&H Accounting Services, our business consultants combine their extensive knowledge of the Phoenix business market with their intimate understanding of finance and accounting to develop forecasts based on a diverse array of relevant variables. We want to make sure the results we help you find track as closely to reality as possible, even in a highly unpredictable world.
Can You Always Rely on Forecasting to Drive Your Business Decisions?
- Demand volatility
- Releases of new products or service lines
- Marketing and lead generation
- Changes in commodity pricing
- Supply chain bottlenecks
- And much more
Qualitative Versus Quantitative Forecasting
Making Sure Your Forecasting Is Informed By Reality
Phoenix businesses don’t want to put all their eggs in a basket of unproven integrity. Therein lies the difficulty some businesses have with trusting forecasting. The key to using forecasting is working with the right team of business consultants, CPAs and accountants on your forecasts and understanding their limitations.
While forecasts may not provide an exact roadmap of the future, they can help inform your decision making and allow you to make better use of your resources at the right times.
Learn more by scheduling a one-hour consultation with H&H Accounting Services.