Rapidly changing economic conditions can pose a formidable challenge for business forecasters.
Basing this year’s forecasts on last year’s results might be appropriate when barometers like sales, costs, and margins are relatively constant. But how can a manager plan effectively when market conditions are in a state of flux? What if conditions are not at all stable from quarter to quarter, much from less from year to year?
Rolling forecasts allow business people to plan for a prescribed period by dropping a month from the beginning of a forecast period and adding a month at the end, providing a dynamic way to navigate an uncertain business environment. The result is an excellent strategic planning and decision-making tool placed in the hands of small business owners.
The Wyoming Small Business Development Center Network is proud to present “Rolling Forecasts: A Dynamic Tool for Uncertain Times,” which will be held March 15, from 2 p.m. until 4 p.m., at Gillette College, 300 West Sinclair, in Gillette. The event is free.
The presenter will be Carl Young, a nationally recognized author, speaker, business trainer, and coach. He is a former CFO for a $275 million, high-growth firm.
Carl draws from his experience as a senior manager, and his presentation will be tailored to the needs of the audience. The session promises to be a lively discussion and is guaranteed to provide a wealth of useful information for Wyoming small business owners.
This program is brought to you at no charge by virtue of a U.S. Small Business Administration Portable Assistance Grant.
For more information about this program or the Wyoming Small Business Development Center Network, call us toll-free in Wyoming at 1-800-348-5194.