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Developing financial projections for your startup can feel overwhelming, especially when estimating revenue and costs for the first few years. Presenting these projections to funders can seem final and daunting due to uncertainties. This video outlines six key components of financial projections for startups. First, define your financial goals and objectives, such as how much profit you aim to make. Second, include income tax planning, as neglecting this aspect can be detrimental; it's essential for small business owners. The video emphasizes the importance of establishing clear financial goals and incorporating tax considerations in your projections for better clarity and planning.
