Lesson 1.6 (approx 35 minutes) discusses financial projections. Financial Projections are the heart of your business plan. What time periods should your projections cover? How do you create financial projections? What critical assumptions are you making about the market, competitors, your resources and other factors that determine your financial projections? Can you defend your assumptions when investors examine them? What will your financial performance be if your assumptions are wrong? What could happen to make your assumptions wrong? What common mistakes do people make when they create financial projections? How do your projections incorporate your value milestones? Why do hockey stick projections scare investors? How will investors measure you against your projections?
