We recommend downloading the Financial Projections Template Guide in English or Espanol.ĭo you need help creating your financial projections? Take SCORE’s online course on-demand on financial projections or connect with a SCORE mentor online or in your community today.This sub is not for advertisements! Questions and answers about starting, owning, and growing a small business. If you want to change a formula, we strongly recommend saving a copy of this spreadsheet under a different name before doing so. If changes are needed, the unlock code is "1234." Please use caution when unlocking the spreadsheets. *NOTE: The cells with formulas in this workbook are locked. If your projections turn out to be too optimistic or too pessimistic, make the necessary adjustments to make them more accurate. Compare your projections to your financial statements regularly to see how well your business meets your expectations. Once you complete your financial projections, don’t put them away and forget about them. So can business advisors such as SCORE mentors. An accountant with experience in your industry can help fine-tune your financial projections. Use the information you unearthed in researching your business plans, such as statistics from industry associations, data from government sources, and financials from similar businesses. To make yours as accurate as possible, do your homework and get help. Financial forecasts are continually educated guesses. Startup business owners often wonder how to create financial projections for a business that doesn’t exist yet. Make sure you know the assumptions behind your financial projections and can explain them to others. You may want to include a best-case and worst-case scenario for all possibilities. These areas are closely related, so as you work on your financial projections, you’ll find that changes to one element affect the others. The template also includes diagnostic tools to test the numbers in your financial projections and ensure they are within reasonable ranges. You can use this template to create the documents from scratch or pull in information from those you’ve already made.
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