Financial Planning: Making Projections
- Topics:
- Decision Analysis
- Tags:
- Bizstarters.com,
- Sales Force Management,
- Sales,
- Projection,
- Operational Accounting,
- Financial Planning,
- Financial Accounting,
- Financial,
- Finance,
- Sales Strategy
- Source:
- Bizstarters.com
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Overview: It is true that one's survival as a new business comes from how fast one get sales. Without this income he/she won't be able to pay expenses, let alone make a profit. To determine what financial return one may achieve, one will want to create a projection of the profit or loss of the business for its first year. And also want to estimate the amount of cash that will come into the business and what amount will go out. This is known as a cash flow projection. Some of the projection include: making a sales projection, estimating expenses, Profit vs. Cash and many more. All these have been discussed in detail in the article. Realistically estimating cash needs in advance of launching business helps to prevent the unfortunate situation of running out of money.
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Format: HTML | Date: Jan 2003 | Pages: 1
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