A great article on forecasting, some valuable insight in how this can improve your future, be it your personal financial plans or your business projections , worth a deep look and plan of action - TLR
”The creative process makes building a financial forecast very rewarding. You work within a framework of the client’s business model, but you also add your own financial instinct and know-how. Sometimes, your drive can push a business beyond where they thought they could go, and also help an owner understand the financial potential in their business. This is what makes forecasting uniquely different from budgeting. Budgeting is usually very conservative, and it’s much more granular. Forecasting is about potential. What’s possible? How can we get there?
article link
Financial Forecasting: The Foundation of Strategic Advising http://bit.ly/2NOkKrl [Source: @LivePlanSA]
Then I got a great chart that looks at some mistakes we make by simple cognitive biases
dig deep to learn more at this link
http://www.visualcapitalist.com/18-cognitive-bias-examples-mental-mistakes/
