Frequently Asked Questions

Business' Crystal Ball

Q. What is the difference between a forecast and a projection?
Q. What do bankers and investors expect to see in a financial projection before they will lend/invest money to/in my new business?
Q. How do I go about developing a good financial projection?
Q. What is the benefit of historical information to a business plan or projection?
Q. What is the 2 x 2 = ½ rule?
Q. What can I use financial projections for?
Q. What is in a business plan?
Q. I need to borrow money to get my business off to a good start. What should I do first to make sure the bank sees the benefit of my new business idea?
Q. What do I need to know before I sell my business?
Q. What do I need to know before I buy a new business?

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