Full financial forecasts
You have already forecast the main guts of your business over the next three years. You have set out and justified in a market context where sales are going to be heading. And you have set out and justified in a competitive context what contribution these sales will make to the overheads of your business.
You have forecast the capital spending needs of your business in the appropriate sections of your Chapter 6 on resources. All that remains to be forecast are the overheads, interest and tax expenses for your income statement and the working capital needs for the cash flow statement.
Much of the rest of the financial forecasts is padding, ‘accountantese’. But it does need to be done, nonetheless, if only because your ...
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