LESSON 26: Give full consideration to your operational Articles

LESSON 26: Give full consideration to your operational logistics in your plans and forecasts, to keep them true to life

 A vital point to remember is that preparing a plan, budget or forecast is not just a financial exercise. Before you can start putting monetary amounts, such as monthly sales income or costs, into a planning model, you first have to figure out the underlying reality of how your business will work. Think about the […]

26.1 Keep things in proportion while making changes

 As we know, there are situations when putting a plan together requires a good deal of trial and error, or virtual experimentation. This was discussed right at the beginning of the section on planning. Therefore during this trial and error process, as you vary one component of your plan, ensure you vary the other components […]