Get SCORE Association Financial Projections Guide 2013-2023

A business financial plan typically has six parts: sales forecasting, expense outlay, a statement of financial position, a cash flow projection, a break-even analysis and an operations plan. A good financial plan helps you manage cash flow and accounts for months when revenue might be lower than expected.

6 steps to making financial projections for your new business Project your spending and sales. ... Create financial projections. ... Determine your financial needs. ... Use the projections for planning. ... Plan for contingencies. ... Monitor.

Follow these steps to predict future revenue: Open an Excel sheet with your historical sales data. Select data in the two columns with the date and net revenue data. Click on the Data tab and pick "Forecast Sheet." Enter the date your forecast will end and click "Create." Title and save your financial projection.

Content Voice over your assumptions when you present your financial projections. Don't present your financial projections as “conservative” Highlight key takeaways when you pitch your financial projections. Pitch your operational metrics projections too. Remember the 80/20 rule when you pitch financial projections.