How to Construct Financial Projections for Entrepreneurs
Here is a slidecast on how to build financial projections. It’s a good starting point that lays out some useful tips that can be applied to most business plans. It helps entrepreneurs from a non financial background to get a firm understanding of their financial structure. The purpose is to help entrepreneurs construct a basic financial model around their initial idea that they can use as an initial reference point during the start-up process.
I have to say that your information on the slide is very useful. I am an aspiring entrepreneur who follows guru’s such as Robert & Kim Kiyosaki, Jim Collins, Jack Canfield, and Brian Tracy. I recently got laid off from my job in Woodland Hills California, and since my living expenses were low enough for my fiance to handle on her own, I am able to use my Unemployment to start the business that I have been longing to start for quite some time now. I am currently undergoing the business plan portion of the process however I have already began producing and stocking inventory, as well as Social Media. However I really hesitant when it comes to using my competitors financial reports to compile financial assumption data in my business plan as they are a billion dollar company and that seems way to unrealistic. Do you have any advice that I could utilize in reference to compiling acurate numbers in the assumption portion of my business plan?
Best Regards
Eric Anthony Johnson