Financial Projections
Great ideas alone don’t ensure a successful enterprise. A key underpinning of success is the ability to make solid financial projections that give an accurate picture of your business’s future and its predicted health.
Financial projections are a critical activity for every business irrespective of its age and size. For new enterprises, the preparation of financial projections is integral to the business planning process. For larger companies, financial planning forms part of annual budgeting and play an important role in long-term planning, business appraisals, corporate development etc.
The purpose of formulating the financial projection is to predict what the business is capable of in terms of revenues and profits, with the help of the assumptions made on potential costs, market size, prices, marketing conditions and so on. Usually the assumptions are made based on particular market conditions. The assumptions, which are found on the business plan and marketing plan, are forecasted by the known and available information about the variables involved in it. It also helps us to come to the conclusion about the growth pattern, ROI, return on equity, how much investment is needed for the business, financial methods and so on. Business plan financial projections should be both optimistic and realistic, based on research and experience rather than wishful thinking.
A good financial projection is very important for the business to run successfully and saves the company from travelling in wrong direction. Our team of professionally qualified accountants prides itself on providing customers with customized documents that are thorough, well-researched, and expertly written. Our team has consulted on thousands of business plans and tailors each one to your particular business, industry, location, and projected earnings. We have the experience and knowledge to help get your venture funded.