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Developing financial projections for a business can be challenging, particularly when predicting revenue and costs for the first five years. This video presents 10 tips for creating accurate financial projections. The first tip focuses on pricing, which is crucial for business success. Proper pricing balances customer attraction and profitability; prices that are too high may discourage customers, while those that are too low can hurt the business's profitability. Analyzing the profitability of various products and services is essential, as gross margins directly relate to pricing strategies. Gross profits are necessary to meet financial obligations and support growth. The overall goal is to create projections that can be confidently presented to funders.