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Part: II Putting Your Plan to Work > Avoiding Expensive Mistakes

Chapter 8. Avoiding Expensive Mistakes

In this chapter:

  • Develop a business forecast (and learn why you need one)

  • Plan and prepare to avoid common problems

  • Learn how to manage four essential functions that will make or break your business.

Financial forecasting is simply the process of projecting how much money you expect your business to bring in, when you expect those funds to arrive, and—in turn—how much money you expect to spend over a given period. In the process, you are making sure that you have enough money to run your business and meet your basic household needs.


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