Financial assumptions require constant updating as new business realities emerge. Revisit your assumptions and financial projections often. Use financial projections as an early indicator for future problems with cash flow or receivables.

This Excel template provides guidance on how to create detailed financial projections. This example calls for revenue and EBITDA projections only, but many plans also include cash flow projections and balance sheet item details Among the most critical steps in running a successful business is the ability to project, budget and manage the financial condition of the enterprise.