04 Sep Simple Forecasting Models for IT Services Companies
Forecasting is important to businesses so that they can make informed business decisions that guide them into the future.
Forecasting is the guide to grow your business and build predictable outcomes to set long-term strategies. This can be especially important when entering into an M&A deal whether you are the buyer or a seller. Revenue Rocket recommends that all businesses should try to forecast both revenue and profit for up to 5 years, even though knowing the far-out years could be a stretch. For example, businesses could not have forecasted COVID-19 and the economic impact it has had on 2020. Forecasts should be built on plausible methodologies and data so each decision, process, and transaction is based on real, predictable outcomes.
In this episode of Shoot the Moon, the Revenue Rocket team shares their experiences, recommendations, and processes for forecasting in your business.
Through Revenue Rocket’s proven processes, we’ve helped clients grow organically, buy, and sell their businesses. Reach out to learn more about how Revenue Rocket can help.