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Startup Funding Espresso – Why Build a Financial Forecast
Why Build a Financial Forecast Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Startups should build a financial forecast for their business. Even if the future is uncertain and all the data is not known, it's still important to build one. Here are the reasons why: It validates the founder's hypothesis. A founder should have a hypothesis about the business. A financial projection helps determine its feasibility. It also determines how much funding to raise. The financial forecast shows the cost to start and run a business…
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