While it’s easier to predict expenses than sales, it’s essential to account for unexpected costs such as equipment failures, natural disasters, or sudden increases in supplier prices. Including a 10-15% contingency in your expense projections is advisable. With a proactive approach and by choosing the right procure-to-pay software platform, you can ensure your financial projections […]
Day: June 7, 2022
Financial Projections: Accurately Plan Your Business Future
The best products and services can flounder without a smart financial model, and that’s why financing is the primary cause of startup failure (not competition, business models, or founding teams). Beyond decision-making, your financial model reads like a portfolio to possible investors, showcasing your startup’s potential profitability and long-term viability. It can be worthwhile to […]