What is the Value of Pro Forma Financials?

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By David Kaplan -
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A client emailed the other day to ask for help in preparing his pro forma financial statements, the three to five year profit and loss statement and balance sheet that generally accompany business plans. He told me that he knew the cost to have his product manufactured and packaged and the that he had also […]

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What is “In the Ballpark?”

Posted in Finances
By David Kaplan -
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New entrepreneurs often wonder, “Are my numbers in the ballpark?” How can anyone reasonably project the revenue and expense figures to complete the set of 3- to 5-year financial projections that accompany nearly every business plan? Scientists, inventors, engineers and Internet innovators who have just become entrepreneurs often have little business experience and perhaps none […]

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