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Creating financial projections for your business can feel overwhelming due to uncertainty about future revenues and costs. Presenting these projections to funders also adds pressure, as it implies a commitment to the numbers. This video provides 10 tips for developing effective financial projections. The first tip focuses on pricing, which is crucial for success—setting prices too high can deter customers, while prices that are too low can reduce profitability. Competitive pricing is essential, as gross margins stem directly from pricing strategies. Adequate gross profits are necessary to meet financial obligations and foster growth, making it important to analyze the profitability of various products and services.