Business Plan Financial Forecasts Test Your Savvy
Startup Professionals Musings
JULY 15, 2013
In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. This forecast is really their commitment. Plan to re-forecast every quarter.