4 Key Components Of Every New Business Financial Plan
Startup Professionals Musings
OCTOBER 16, 2023
External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. You need 5 percent or more of revenue for marketing, maybe more for ongoing development, and people costs will double as you add benefits, insurance, training, IT and new processes. Doubling revenue each year is a good target.
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