The Clarets beat Forest 1-0 at Turf Moor yesterday evening, to consolidate their position in the top two of the Championship table.
And although Freedman was disappointed with the result, the Scottish boss is confident that he is building towards a positive future at the City Ground.
“We could have created a few more opportunities but I think you’ve got to give credit to Burnley – their experience showed and they just pipped us to the post,” he said.
“Hopefully this time next year we’ll be in Burnley’s position because I feel we’ve got the foundations for that.”
Forest’s defeat to Burnley has surely ended any hope that they had of making the play offs this season.
The Reds are now 12th place in the Championship table, and they are 12 points away from the top six.
Freedman has helped Forest become fairly tough to beat, but they have not won frequently enough to challenge in the upper echelons of the table.
Part of the reason for this has to be put down to the injuries that the club has suffered, with many of their key players being ruled out for the long-term.
But they will also need to add some quality in the summer, if Freedman is to fulfil his ambitious target of challenging for promotion next term.