Why would I need to prepare business projections?
Financial projections are almost always required when a business takes on external funding to assure the lender that your company can afford to repay the monies advanced.
This is true of banks, asset financiers and private investors alike.
Regardless of whether funding is required, financial projections are a useful tool for all business owners to set goals at the outset of a financial year or project. This allows you to measure actual performance against that anticipated and to investigate why things aren’t going to plan rather than letting things drift. To see how to set out financial projections, download the free template below