Part 3, Financial modeling: Forecasting
Top takeaways
Use your financial forecast to determine if your projected revenue, expenses, and cash on hand are enough to break even or if you risk falling short.
Use ‘best’, ‘base’, and ‘worst-case’ scenarios to see how different growth paths shift your financial status.
Let your financial forecast guide key decisions such as when to invest in the team, raise funding, adjust prices, or reduce costs to extend your runway or achieve profitability faster.
