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Developing financial projections for your business can be challenging, especially when estimating revenue and costs for the first five years. Presenting these projections to funders may feel final, despite uncertainties. This video offers 10 tips for building financial projections, starting with the importance of pricing. Pricing is crucial as it influences customer attraction and the profitability of the business. Competitive pricing is essential, with gross margins directly impacting gross profits, which are needed to meet financial obligations and support growth. It’s important to analyze the profitability of different products and services to make informed pricing decisions.