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5 key areas to cover in a business plan’s financial projections
Drafting the financial projections within a business plan takes a bit of time and data referral to properly detail information as it pertains to your startup’s finances. Are you unfamiliar with what it means to cover your business plan’s financial projections? We’re here to help you out.
What are financial projections?
A business plan essentially acts as a blueprint for your startup. You might begin to outline goals and milestones that you’d like your startup to reach within the next few years in business.
Additional information — including descriptions of your products and services, an industry analysis, and a snapshot of the startup’s finances — are also included.
This further evaluates the feasibility of the startup from an objective standpoint.
That specific snapshot of the startup’s finances is housed in a business plan’s financial projections. This section is dedicated to the startup’s current cash flow.
Information that covers a … Read more
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