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Business Plan Financial Projections: Stop Worrying About Being Right...
Author: Michael Elia
Business plan financial projections seem daunting because they are so uncertain. This very uncertainty, however, is what makes preparing them easy because you can't possibly be right. You can't predict the future. None of us can. All you can be is competent in the way you prepare your business plan projections.
Before you finalize your business plan this year, consider these six caveats to preparing your business plan financial projections:
1. Don't offer pull-out-of-the-air, "conservative" guesstimates about getting some percentage of the overall market demand or year-over-year growth.
It is a mistake to assume that business investors will appreciate your be...
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