From the course: Financial Analysis: Making Business Projections
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Moving from forecast to plan - Microsoft Excel Tutorial
From the course: Financial Analysis: Making Business Projections
Moving from forecast to plan
Up 'til now we have discussed how to prepare a forecast or in other words, a financial projection of the future performance of the company. But we have not discussed how to transform that forecast into a financial plan. Or in other words, a goal for the company. As we discussed earlier in the course, a forecast is a mathematical evaluation of what could happen to the of the company, based on the information currently available to us. But to run a company, you cannot merely let a spreadsheet tell you what is supposed to happen. The forecast, should be a starting point, of where the business is currently heading. And on top of that plan, should be layered your goals, and the result of the actions you're planning to take in order to steer the performance of the company to higher grounds. For a starting company, the business that will be carried forward from one ear to the next, will be relatively small. Most of the growth will be expected to come from business development actions. For…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.