When writing financial projections for a proposed business, consider the following key elements: sales forecast, cost of goods sold, operating expenses, and cash flow. It is important to base projections on realistic assumptions and market research.
Start by projecting sales and calculating the costs associated with producing and selling your products or services. Then, estimate all other operating expenses such as rent, salaries, and marketing. Finally, use this information to create a projected cash flow statement to determine the amount of financing needed and the projected profitability of the business.
Start by projecting sales and calculating the costs associated with producing and selling your products or services. Then, estimate all other operating expenses such as rent, salaries, and marketing. Finally, use this information to create a projected cash flow statement to determine the amount of financing needed and the projected profitability of the business.