How to Adapt Quickly to Changing Market Conditions
Posted on December 11, 2021 by Steven Tabor
After the annual budget is done, you may be thinking that you are set for the year ahead. But have you ever noticed how conditions change very quickly and in many cases make the annual budget invalid or just not as relevant anymore?
While this is a common scenario that many businesses face, it is possible to plan in a more agile way – and that is with a rolling forecast. With a rolling forecast, you can adjust on a monthly basis.
However, just like most things, it’s critical to do it the right way or you won’t find the process successful. To learn three principles for doing it right, I recommend that you read this article from cfouniversity.com.
This is a good example of the type of work that a Strategic Business Advisor can assist you with. If you have any questions about this topic or need assistance, please feel free to reach out using the contact information below.