Just one-quarter of all businesses last at least 15 years, and two of the main reasons for that are a lack of sufficient funding and insight into the company’s finances. Founder of Everest Business Funding, Scott Crockett, says that financial forecasting is an essential tool that all businesses should use to help them make informed decisions, which can lead to a more profitable and sustainable endeavor.

By harnessing the power of accurate financial forecasting, business owners can understand how to analyze trends, anticipate challenges, and plan for future growth.

Below are some reasons why financial forecasting is so important and how you can integrate it into your business.…