Financial projections are a key component of any new business plan, providing a roadmap for your startup’s future success. They represent an educated guess as to the likely financial performance of your business, based on past data and current trends. By taking into account existing expenses, expected revenues, and planned investments, financial projections provide an invaluable tool to help you determine the feasibility of launching a new product or service. It’s important to review this information regularly to keep track of your progress and make sure that your business is remaining in line with your projection goals. Don’t forget: if it hasn’t been written down, it can’t be tracked or measured!