Slidecast with audio that shows how entrepreneurs can build their own financial projections for their business plan.
Why you should build your business around Warren Buffett’s criteria of a good investment.
Ok, many entrepreneurs get this very wrong. Some do not apply any methodology to obtaining their sales figures. In the vast majority of business plans, the sales assumptions are simply plucked out of thin air.
Wow, it always amazes me when I hear a fellow entrepreneur say “I can’t do my financial projections”. Financial projections are an important part of the planning process. The hard part is getting the assumptions fairly accurate and not the spreadsheet work. In reality all you need to know to be able to compile your financial projections is how to add, subtract, multiply and divide.
“How to” guide for start-up financial projections.