There's the old aphorism that a person can live 40 days without food, 3 days without water, but not even a second without hope. In the business world opportunities are a business's "hope". A business lives or dies by the generation of opportunities and carrying them through into signed contracts.
One of the benefits of CRM is the ability to see, at any given moment, what's in your opportunity pipeline, where various opportunities are at, and make sales projections.
BlueCamroo can help you quickly visualize your sales pipeline using primarily the Reports feature. But before you start to make effective use out of reports, you need to make sure you're setting up your Opportunities correctly.