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	<title>Financial Forecasting methods and tips</title>
	<link>http://www.60minuteforecasting.com</link>
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		<title>Information on Financial Projections</title>
		<description><![CDATA[Financial Projections are defined as estimates of a how a company well perform financially during a set period of time in the future. Financial projections are typically done on an annual basis and are a vital part of any business. The formal projections are typically not nearly as important as the process of the projection [...]]]></description>
		<link>http://www.60minuteforecasting.com/financial-projections-info/</link>
			</item>
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		<title>Understanding Financial Forecasting in Five Easy Steps!</title>
		<description><![CDATA[Step One: Discover the Needs of Your Business A financial forecast is vital to the success of any organization as it will influence the planning stages and decision making within your business. In order to understand the needs of your business, there are some questions you need to ask of yourself such as, What future [...]]]></description>
		<link>http://www.60minuteforecasting.com/understanding-financial-forecasting-in-5-steps/</link>
			</item>
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		<title>Three Critical Forecasting Questions</title>
		<description><![CDATA[Financial forecasting should be undertaken only after careful evaluation of the expected costs and benefits. In short, expenditures for financial forecasting should be scrutinized as closely as expenditures for inventory, equipment, or labor. In deciding whether to go ahead with a particular forecast, management needs to focus on three critical questions. Estimating Accuracy of a [...]]]></description>
		<link>http://www.60minuteforecasting.com/three-critical-forecasting-questions/</link>
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		<title>The Need for Business Planning</title>
		<description><![CDATA[Being lucky and in the right place at the right time play some role in business success, but not the leading role. More crucial to business success is the careful evaluation of resources and alternatives, the selection of goals for the future, and a strategy for achieving those goals systematically. Successful business managers plan where [...]]]></description>
		<link>http://www.60minuteforecasting.com/need-for-business-planning/</link>
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		<title>What is a Financial Forecast?</title>
		<description><![CDATA[To avoid confusion, it is important to define clearly what is meant by the term forecasting. It is also important to distinguish forecasting from activities such as planning and modeling, which are related to forecasting but nevertheless are separate managerial functions. A forecast is a prediction about a condition or situation at some future time. [...]]]></description>
		<link>http://www.60minuteforecasting.com/what-is-a-financial-forecast/</link>
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		<title>Financial Forecast and Projections</title>
		<description><![CDATA[Business entities need to plan for the future, must consider alternative management strategies and prepare capital and operating budgets, and must also consider alternative funding and cash budget possibilities. An important part of the planning process is the preparation of prospective financial statements that attempt to predict the outcome of the business entitys activities in [...]]]></description>
		<link>http://www.60minuteforecasting.com/financial-forecast-and-projections/</link>
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		<title>Benefits of Budgeting</title>
		<description><![CDATA[The budgeting process enables a company to determine next year&#8217;s: Financial targets, including revenue, margin, profit, cash flow, and debt levels. Operating targets and key performance indicators, including inventory turns, product and service quality, supplier effectiveness, sales closing rate, and customer satisfaction. Developing financial targets is critical to a well-designed annual operating strategy and performance [...]]]></description>
		<link>http://www.60minuteforecasting.com/benefits-of-budgeting/</link>
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		<title>Common Forecasting Pitfalls</title>
		<description><![CDATA[In each of the components of the forecasting process, you might come face to face with pitfalls. Recognizing the potential problems and overcoming them are crucial steps to developing a sound forecast. Information capture Collecting the wrong information Some forecasts are based on the wrong information. For example, sales pipeline data from sales representatives is [...]]]></description>
		<link>http://www.60minuteforecasting.com/common-forecasting-pitfalls/</link>
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