Creating pro forma financial statements is tough for anyone, especially new entrepreneurs, and there are a few common mistakes that I see those entrepreneurs make time and time again. Since the same missteps seem to trip up tons of newbies, I figured I’d share some of the ones I see most often to help prevent you from falling into the same trap. So, here are some of the top financial projection bloopers entrepreneurs make so that you can avoid them as you build your own pro formas.
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Thanks for the helpful insights! I found your tip on ensuring spreadsheets are linked to each other most useful because this allows financial projections to change in real-time.
I can’t tell you how many headaches having dynamic spreadsheets will save you! Thanks for the comment.