In this recession, many huge corporate have been declared bankruptcy. Hence, it’s very important to forecast the future of one person’s company.
Below here are the 5 magnificent techniques, where it can help you to predict the future:
Technique 1
The main part is to develop a meaningful sales forecast in term of basic business units. You can predict the weekly sales of the first few months or monthly sales throughout the first few years. Keep the detailed records/tracks on it. Then, you can forecast the company’s future based on it!
Technique 2
You should build up profiles for your products/services, and it would be better to keep every profile of the customers.
Technique 3
Research and discover the effective ways to attract more customers buying your products/services.
Technique 4
Drafting a plan on how you will make your products/services being sold to the potential customers, such as through the retail stores, wholesale, direct or by internet!
Technique 5
Last but not least, you need to have a “backup” plan/strategy. Just in case, if your sales forecast didn’t hit the actual target.
1 comment:
These are really good points Wilson and unfortunately a lot of new businesses don't put them into practice.
The backup plan is so important. It's too easy to be overoptimistic when you're forecasting.
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