Creating financial projections is an important part of your startup’s business plan. If you’re seeking financing, financial projections help convince prospective lenders and investors that your business will be profitable by offering them a good return on their investment. If you’re not seeking financing, you may think you don’t need financial projections and can just “wing it.” Big mistake!!! Financial projections are vital because they enable you to plan and budget for your new business and serve as a yardstick. In this session we will review Sales Forecast and Expense Budget to make up your financial statements: Income Statement and Balance Sheet.