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Why is financial forecasting so important to scaling a small business?

Now more than ever, planning for the future is essential for success among business owners. Uncertainties resulting from significant events like the global pandemic and inflation have caused unexpected obstacles and challenges for businesses of all sizes. Financial forecasting allows you to look into the future, preparing yourself and your business for the worst, even while hoping for the best. Not only does financial forecasting help protect the position of small businesses as they are today, but it is also a vital tool for ensuring that your small business is poised for growth opportunities and scaling down the road.

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