VSBDR: Step-by-step projections

Many businesses take time to ramp up and become profitable, however if the economics don’t take a turn for the better in the near future, you basically have an expensive hobby. Not having a good understanding of the economics of your business can lead you down the path to financial ruin. Understanding the financial position of your company is essential to your ability to grow, your access to capital, and your overall long-term success. In this Ask the Expert session, you will walk through a Financial Projections template, including Gross Margin and Profit and Loss calculations, to help you understand what all the numbers mean. They will also cover financial management terminology and key indicators of business financial health.