Uncertainty is part of running a business. Markets shift, regulations change, and economic cycles tighten or surge. Yet while no one can predict the future, every business can prepare for it. Scenario planning is the process of thinking ahead. Imagining different futures and testing how your business would respond.

Forecasting is one of the most useful financial tools a business can rely on, but accuracy is often harder to achieve than many expect. A well-prepared forecast can guide decisions about hiring, investment, and cash flow management. An inaccurate one, on the other hand, can create false confidence, lead to overspending, and make it harder to respond to real challenges.