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    How important is forecasting your future sales

    By cooldude | April 28, 2012

    forecasting your future salesSales are basically the lifeblood of a business and if you are an entrepreneur you know this only too well. Sale of the product and services will enable you to expand your business, pay the employees, market all the new products and attract new investors. Therefore, if you want to plan a business finances properly it is very important to forecast the sale of you services and products more or less accurately. Forecasting the sale is more like a self evaluation tool that will help you to understand the future of your business.

    Sales forecast not only helps to carve the future path of an existing business but also plays an important part in determining the start of a new business. New business need loan, list of inventory, equipment, office space; in short it requires a business plan. Therefore, forecasting the sales in crucial. Since there is no previous record, new businesses have to refer to the sales report of similar businesses.

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