Why are Financial Projections needed in Business?
Channel: The Strategic Entrepreneur
Date: 2022-03-13

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Just like a weather #forecast lets you know that wearing closed-toe shoes will be important for that afternoon downpour later, a good financial forecast allows you to better anticipate financial highs and lows for your business.

Neglecting to compile financial projections for your #business may signal to investors that you’re unprepared for the future, which may cause you to lose out on funding opportunities.

As a business owner, you need to know where your business is at all times. Are your #marketing campaigns sending the right customers to your business? Compared to your competitors, is your price point too high or too low? These are just some of the questions that a good financial projection will answer. 

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Disclaimer: 
The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

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