From the course: Financial Analysis: Making Business Projections
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Treating start-ups and established businesses differently - Microsoft Excel Tutorial
From the course: Financial Analysis: Making Business Projections
Treating start-ups and established businesses differently
- When it comes to financial projections, start-ups and established businesses cannot be treated the same way. As we will see at length in this course, a big part of preparing financial projections starts in understanding the past performance of your company. For established businesses, there's plenty of past performance to be analyzed and understood, in order to make a robust financial projection. On the other hand, start-ups have very little history behind them, so there is not much to be analyzed, and if you think about financial projections as part of a start-up project, for the preparation of a business plan, for example, then you have even less information, as the company has not started yet. That, therefore, calls for different approaches, based on the amount of information available, to prepare your financial projection. As we have seen previously, a financial plan has an element of forecast and an element of goal or aspiration. So, if you think about doing a financial plan…
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