This article is subjected to review financial projections for a new business. It provides basic tools and components required for forecasting financial situations for a new business. The significance of financial forecasting cannot be overestimated easily. It is equally important to the investors, suppliers, employees, financial institutions and customers.

The significance of financial planning and forecasting helps new business entrepreneurs to make realistic moves and through financial forecasting, they can estimates return on the ventures. For a new business; financial forecasting helps to forecasts the financial difficulties such as, when and where to reduce expenses. It helps in developing a pace for the company’s cash flow and…



Source by Ayaz Haider