Consultants and Money
ยทS1 E103
103. Forecasting for Real Life: How to Plan for Paychecks, Hiring, and Dry Spells
Episode Description
Erica explains the importance of financial forecasting for solo consultants and small businesses. She covers how forecasting can help in stabilizing income, planning for hires, and managing cash flow during slow periods. Erica provides practical steps to start forecasting, such as listing current revenue, fixed monthly costs, owner distributions, and upcoming expenses.
00:00 Intro
01:15 Understanding Forecasting
03:18 The Importance of Forecasting for Business Owners
06:09 Steps to Start Forecasting
07:35 Practical Exercise for Forecasting
09:07 Client Case Study on Forecasting
11:12 Final Thoughts on Forecasting
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