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Developing financial projections can feel overwhelming, especially when estimating revenue and costs for the first years of operation. Presenting these projections to funders adds pressure, as it implies a commitment to those numbers despite existing uncertainties. This video offers 10 tips for creating effective financial projections. The first tip is about pricing, which is critical for business success. Proper pricing balances attracting customers and maintaining profitability. Competitive pricing results in healthy gross margins, which are essential for meeting financial obligations and enabling growth. It's important to analyze the profitability of various products and services to ensure a solid financial foundation.