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Music developing financial projections for your business can be daunting, as predicting revenue and costs for the first year or five years seems uncertain. Presenting these projections to funders can feel final and committing to the numbers is intimidating. This video offers 10 tips for building financial projections, starting with pricing. Pricing should be competitive to attract customers and ensure profitability, as gross margins are directly impacted. Analyzing profitability of products and services is essential for financial success and growth.
