Financial Projections

Financial projections are estimates of a company's future financial performance, usually covering revenue, expenses, and profits over a specific period. They are based on historical data, market trends, and assumptions about future conditions. Businesses use these projections to plan budgets, assess potential investments, and set financial goals. Stakeholders, including investors and lenders, rely on these forecasts to evaluate the company's viability and growth potential. Essentially, financial projections serve as a roadmap for a business’s financial future, helping to guide decision-making and strategic planning.