Skip to main content

Original text


Powered by Google TranslateTranslate
Powered by Google TranslateTranslate
4 Types of Financial Forecasting

Published February 21, 2022

Alongside accounting basics, understanding the different financial forecasting models and how to implement the model that’s right for your startup’s business plan is absolutely essential.

Neither is particularly exciting—yet to grow and scale, you’ll need capital. In fact, 36% of people who plan to start a business in the next year identified “getting funding” as one of their top financial priorities, according to a recent QuickBooks survey.

For external funding, financial projections help convince lenders and investors that your business will not only be profitable but will also offer them a return on investment. For internal purposes, accurate forecasting enables you to budget for your new business as well as benchmark your milestones.

Read more on TheStreet: 

SHARE THIS HEADLINE

Source

The Street

The Street
CONNECT
712 H St NE PMB 98848
}
Washington, DC 20002
1-800-634-0245

Copyright © 2024 SCORE Association, SCORE.org

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

Chat generously provided by:LiveChat

In partnership with
Jump back to top