When it comes to preparing a good financial forecast, Scenario Planning & Analysis can be one of the largest value adds to include. It gives you the power to understand each potential outcome of the uncertain future, so that you can make moves quickly and effectively.
Having a proper Scenario Planning & Analysis tool in place would allow you to prepare yourself for the worst case scenario while hoping for the best case scenario. This also helps you avoid any surprises, allowing you to be fully prepared for whichever direction your startup gets pushed to
Let's go over the areas of your budget that Scenario Planning & Analysis can be applied to.
The most important area to apply Scenario Planning & Analysis would be your Revenue Build.