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Creating financial projections for your business may seem daunting, but it is essential for planning and funding. Pricing is critical, as high prices deter customers and low prices decrease profitability. Analyzing gross margins and profitability of products is crucial. Forecasting revenue and costs for the first year of operation, and beyond, requires careful consideration. Presenting projections to funders can be intimidating, but it's necessary for financial planning. Building a solid financial projection involves careful analysis and consideration of various factors.
