October 2010
Beginner to intermediate
631 pages
24h 29m
English
Content preview from Entrepreneurship, Second Edition
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8.3. Building Your Pro-Forma Financial Statements
Figure 8.2 previews the points we will cover. Think of this as a checklist in developing your financials. Rigorously completing each step will lead to better financial projections and decisions. Underlying these steps are two methods: the build-up method and the comparable method. Our advice is to go through all the steps in an iterative fashion so that you not only know the numbers but also "own the numbers."