One of the ways successful entrepreneurs scale their businesses is by creating systems to help staff deal with recurring situations within their daily operations. A...
Posts by Stewart Heath
In my last two posts, I have discussed the planning and process of forecasting for your business. Let me stress again how important it is to routinely engage in the process of imagining your...
So far we have discussed the need for forecasting, the process of building a forecast, and the tools to use in forecasting. But you might be wondering: how often should I generate a new...
Failing to plan is planning to Or perhaps I should ask: do you use forecasts? Asked still another way: Are you running your business, or is your business running...
I've made every forecasting mistake possible, but I still firmly believe in the As part of a continuing series on forecasting, I’ve created 5 steps to help you build your own system! This is no...
The Z-score was developed by Edward Altman in the 1960’s. Frankly, it is a very fast and easy (or should be) statistical calculation to measure the health of a business or organization....