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Find everything you need related to entrepreneurial forecasting to make the forecast correctly.

The Future of Shopify

The Future of Shopify: Trends and Predictions

In the vast realm of eCommerce, Shopify has emerged as a household name, with over 4.4 million websites relying on its services. The platform has grown significantly in recent years thanks to online shopping becoming more widespread and convenient, and it is expected to keep growing in the future.

In this blog post, we’ll discuss the emerging Shopify development trend and provide insightful predictions for the future of the platform.

3 Risk Tolerance Questions You Need to Answer Before You Start

3 Risk Tolerance Questions You Need to Answer Before You Start

Do you think that entrepreneurship as a profession didn’t bring risk to you? Are you an entrepreneur who doesn’t want to take any risks when starting this profession? If there is a risk, how much risk tolerance do you have?

If you are already an entrepreneur, I think you are not a person who doesn’t take a risk because you already have taken some risks when you decide to start your company.

Entrepreneurship is closely related to risks and risk-taking from your side as an entrepreneur. You cannot become an entrepreneur without some risks that you must take.

business trends

Business Trends to Look Out for This Year

Business is a volatile industry. Innovation is a necessity to survive in whatever industry, but innovating randomly won’t make your business rise. You have to keep up with business trends and take the right steps to stay on top of your game. From artificial intelligence to remote working, here are five business trends you need to look out for this year.

unpredictability of the future

Something About Unpredictability of the Future of Your Company

Often, I have written about uncertainty as something the only certain phenomenon around your business. But, the most significant problem that comes with uncertainty is the unpredictability of the future of your company.

Now, the question is how we can prepare ourselves for successful managing of the company, no matter what type of business is, or what size it is, small or bigger one. Managing this thing is your own responsibility as an entrepreneur. It is simply the pressure to prepare yourself for the future.

5 Business Forecasting Principles That Will Help You to Succeed

5 Business Forecasting Principles That Will Help You to Succeed

Business forecasting as everything that you do has its own principles that you must know if you want to implement successful forecasting for your business.

I’ve already covered some of the most important aspects of forecasting in the previous two posts in this series about business forecasting. You can read more about them at Entrepreneurial Forecasting – Some Questions Answered and Entrepreneurial Forecasting – Demand Forecasting.

Here, I would like to present five basic and most important principles of business forecasting. Those principles are something that must be in front of the eyes of each entrepreneur before they start with the process of forecasting.

demand and sales forecasting

How to Make Demand and Sales Forecasting

The most important business forecasting is demand forecasting. If you, as an entrepreneur, know how much will be the demand for your products and services, it will be easier for you to forecast sales and costs that your business will make. After successful demand forecasting, it will be much easier to forecast everything else for your small business.

In the previous post, I wrote about some open questions related to business forecasting. This post is the second part of a series of posts related to business forecasting.

When it comes to forecasting, you simply want to find the following:

  • future behavior of variables (income, profit, sales per employee, region),
  • behavioral pattern and
  • prove that these behaviors will be relevant in the future.