Financial Projections
for new businesses

Financial projections for new businesses – Preparing a business plan before a business venture is taken up is vital for the success of any business. It is one of the key factors that can provide you the assurance that the business will progress on solid grounds and maximize your profits. Behind every successful business, there is a well-thought-out and detailed business plan, which indicates how your business will move through different phases and bring you to the place where you want it to reach.

Preparing financial projections – Imagine you are running a business and you have a good accountant by your side. You decide upon a strategy and discuss with him the way you will conduct the business say in the next five years. Your accountant translates your ideas and strategy into financial figures based upon a certain set of business assumptions. The result is five years of projected financial statements including projected income statements, statements of financial position, cash flows, budgets, and trading forecasts broken down by months.

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When you look at the figures you are overjoyed because you learn that your business would do much more than what you expected.

When you embark on your journey you set this as your benchmark target and would always like to compare the actual monthly results with the projected results so that you do keep the course and do not lose track of your target.

On the contrary, these financial projections can also show that your business will achieve average growth or that it will not perform well as envisaged and as per your original expectations. Since your business project is quite dear to you, the bottom line and the projected results of these results disappoint you.


You cannot shut down your business neither is the business in a position to be sold out. So, what do you do?  In such a situation, wise business owners and managers go over to the drawing board and compare the originally conceived plan with the financial projections to find out which one is right and where they went wrong.

Now because these financial projections are prepared almost in real-time, backed by real-time business assumptions, so the information produced by these projections is current and close to real. As such they constitute vital information for you and your business.

It, therefore, needs to be ascertained that whether there were there any business risks that were not considered at inception, their likely impact, and whether they are manageable or not. This information lets business managers and owners look at critical factors, impacts, and whether these factors are controllable or not.

If the factors and impact are not that significant and they are controllable and manageable risks, the business managers and owners can be aware of these risks at an early stage and businesses can continue with minor changes that may result in producing better financial results.

If the risks factors that exist are of such a nature that their impact on business and profitability is substantial and they are uncontrollable, this may necessitate a change in the business plan, and to determine what is it that can be viable. This assessment can provide vital insights for making early changes rather than later.

As can be seen the immense benefit of drawing long-term financial projections for the business. These financial projections can shed light on a broad range of situations that you may not have thought about earlier and consider available options and solutions.

We aim to help you draw your business plans that will help your business make critical assessments at an early stage and to foster real growth. We also offer a free initial meeting to help you know the insights of Care Accountancy.

We offer financial wings to let your dreams soar higher
Our financial expertise at your service

Businesses that operate without or do not think through the future and lay down effective strategies for the future are not only prone to significant risk but also the risk of shutdown. A business should have a clearcut path knowing the activities and functions they are expected to perform in a business year and where they will lead the business to.
Failure to anticipate the activities and functions of a business are recipes for disaster. We can help you in developing a strategic business plan for your business covering one full business year.

STEP 1Expectations and delivery

We explain the work process to our clients, timescales, and responsibilities to eliminate any ambiguity. We make promises that we can deliver and align our processes to these commitments

STEP 2Care and Highest level of Service

Our entire team is extremely passionate about the requirement of our customers and their well-being. We are extremely thankful to them for the level of care and service provided by them.

STEP 3Communication is our strength

The strength of our client relationships vests in regular communication with them, whether face to face or virtual. We ensure that our client’s trust and understand us.

STEP 4You are just not a number

We focus on client relationships who are who are just not a number for us. Our product range is wide to suit their requirements. More importantly, we are always available to them whenever they need us.

Get in Touch

Come and visit our offices or simply send us an email anytime you want. We are open to all suggestions from our clients.
94 Street Lane
9 Sheaf Lane
Coventry Road
B26 3EJ, UK
0113 8870 218
0121 7268 542
[email protected]

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    Leeds: 94 Street Lane, LS8 2AL
    Birmingham: 9 Sheaf Lane, Coventry Road,B26 3EJ
    London: Suite 2462, Unit 3A,34-35 Hatton Garden, EC1N 8DX
    Bradford: 22 Muirhead Drive, BD4 0HJ

    OUR LOCATIONSWhere to find us
    GET IN TOUCHCare Accountancy Social Links
    Taking seamless key performance indicators offline to maximise the long tail.
    Leeds: 94 Street Lane, Leeds
    Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham
    London: Suite 2462, Unit 3A,34-35 Hatton Garden,London, EC1N 8DX
    Bradford: 22 Muirhead Drive, Bradford, BD4 0HJ
    OUR LOCATIONSWhere to find us
    Leeds: 0113 8870 218
    Birmingham: 0121 7268 542
    London: 0208 0908 998
    Bradford: 44 7515 029751
    GET IN TOUCHCare Accountancy Social Links
    Taking seamless key performance indicators offline to maximise the long tail.

    Copyright by CareAccountancy. All rights reserved.

    Copyright by CareAccountancy. All rights reserved.

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