What’s Included in Financial Projections? When seeking outside financing, both startups and existing businesses will need financial projections to convince lenders and investors of the business’s growth potential.If you’re already in business, creating financial projections each year can help you set goals and stay on track.If you’re starting a business, financial projections help you plan your startup budget, assess when you can expect the business to become profitable, and set benchmarks for achieving financial goals.What Are Financial Projections Used for?įinancial projections are an important business planning tool for several reasons. ![]() If you need to create financial projections for a startup or existing business, this free, downloadable template includes all the tools you need. ![]() They often include different scenarios so you can see how changes to one aspect of your finances (such as higher sales or lower operating expenses) might affect your profitability. Financial projections use existing or estimated financial data to forecast your business’s future income and expenses.
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