Where do your financial projections come from? Your knowledge of your business and industry, and your best estimates of what might happen.

Purpose of Financial Projections:
Use to plan, set realistic goals, and secure funding.
Use as a roadmap to assessing the feasibility of your plan.
Importance in developing investor confidence & improving internal decision-
making.

Components of Financial Projections:
Sales Forecast: predicting future sales based on market research & historical data.
Expense Forecast: estimating fixed & variable costs over time.
Cash Flow Projection: projecting inflows and outflows to ensure liquidity.

Creating the Projections:
Steps: gathering data, making assumptions, & applying forecasting methods.
Tools and software: use of a SCORE provided Excel spreadsheet model to generate
a projection.
Importance of recording assumptions & revisiting and adjusting projections
regularly.

Using Projections to Monitor Performance:
Comparing actual results against projections to measure performance.
Identifying variances & reasons behind them.
Making informed adjustments to strategies based on analysis.

This is the third in a series of 3 consecutive finance webinars offered on Saturday, October 5, 2024. Please register for each class you plan to attend.

Faculty: A team of SCORE and community volunteers with wide ranging business and financial experience.