So, what does a business projection include? A complete business projection includes three things: First, a budget. Most of you know what a budget is. It is your planned sales, expenses, and profit for the coming year. Second, a projected balance sheet. Your balance sheet is the list of what your company owns and owes and how much equity you have. So a projected balance sheet means what your balance sheet is going to look like in the coming year. Your projected balance sheet will show yo... [continue reading]

Some of you are wondering, Why should I do a business projection? A business projection is simply a financial plan for your business. I know a lot of you don’t even budget because you say, “My budget is going to be wrong anyway.” You’re right. It is going to be wrong. But that doesn’t matter. You still need to plan. Dwight Eisenhower, Commander of the Allied Forces in WWII, once said, “In preparing for battle I have always found that plans are useless, but planning is indispensable.” The real benef... [continue reading]


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