What are some common mistakes in financial projections?
Common mistakes include overestimating revenue, underestimating expenses, and not considering market changes.
How can I avoid these mistakes?
To avoid these mistakes, conduct thorough market research, use conservative estimates, and regularly update your projections.
What tools can help with financial projections?
Tools like Excel, QuickBooks, and specialized financial forecasting software can help streamline the process.
Is it important to review projections regularly?
Yes, regular reviews help you adjust for changes in the market and ensure your projections remain accurate.
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