How does one plan to move forward with business this new financial year, in a current world which offers so many roadblocks that are out of our control?
In our best attempts to discover an answer to this oh-so-important question, we looked outward with hope and asked regular external client, Morgan Wilson, Founder of Creditte, for his expertise on the topic.
How do you plan in uncertainty? Many businesses will panic or avoid going through detailed plans altogether thinking, "there's no point in making projections because I have no idea what's going to happen!"
But in times of uncertainty, we need data-driven projections more than ever. To move forward with business this new financial year, you should:
Don't neglect planning this financial year. Of course, things won't go as expected. But when they don't, following these steps will put you in a position to make data-informed decisions, proper adjustments, and keep your business strong.