Base case evaluations allow business leaders to use their unique company and industry knowledge to balance financial uncertainties, making them crucial tools in financial planning.

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Setting goals is the first step to getting the most out of your Synario financial model. Without measurable goals, your planning can quickly become directionless, easily swayed to show unrealistic or unattainable future scenarios. At Synario, we help clients set SMART goals, standing for Specific, Measurable, Achievable, Relevant, and Time-Based. See how you and your team can set SMART goals that maximize the use of your financial models.

The concept of marginal cost can be difficult for business owners to understand. However, understanding how to calculate marginal cost is essential to good forecasting and business management. With that in mind, we’ve created a step-by-step guide detailing everything from the importance of marginal costs and formula examples. We’ll examine critical concepts involving the use of marginal cost. Highlights include the relation between variable and fixed costs, the related concept of marginal revenue, and how these are used to determine the optimal point at which a business can make the most profit. In addition, we’ll show you a formula that demonstrates how to find the marginal cost of goods.