Sales forecasting is one of the time consuming and difficult stages in writing a business plan.
This can become even more difficult when it is your first time to write a business plan and you do not have any previous sales to guide you. Sales forecasting methods are one of the key features to the success of your business.
It is very important to develop your business reports and goals so that you have something to turn onto if things went wrong.
The first sales forecasting method in a business plan is identifying your market. Begin with searching your competitors in the same geographical base with the same customers. Continue reading