A comprehensive set of financial projections should include the following components:
1. Income Statement: This includes projected revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. 2. Cash Flow Statement: This outlines expected cash inflows and outflows, helping to manage liquidity. 3. Balance Sheet: This provides a snapshot of the business’s financial condition, including assets, liabilities, and equity. 4. Break-Even Analysis: This helps to determine when the business will be able to cover all its expenses and start making a profit.