How Do I Do a Business Projection?
Apr 19, 2019 by Roger Scherping in Projection, crystal ball, financial picture, control
So, how do you do a business projection? Business projections are an attempt to predict the future based on history and your insights. So you start with what happened in the past. You can get this information out of your accounting system. Assemble one year of monthly financial statements. This will be the basis for predicting the next 12 months. Next you need a budget. Figure out your planned sales, expenses, and profit for the next year. But a complete business projection also inc... [continue reading]