<?xml version="1.0" encoding="utf-8"?>
<?xml-stylesheet href="http://www.buildyourownbusiness.biz/rss/rss20.xsl" type="text/xsl"?>

<rss version="2.0">
 <channel>
	<title>Corey Pierce is the CEO of BusinessFinance.com a business capital search engine with the funding criteria of 4,000+ sources for business capital. Visit BusinessFinance.com to search the funding directory for free.</title>
	<link>http://www.buildyourownbusiness.biz/author/index/131/Corey-Pierce.php</link>
	<description>Corey Pierce is the CEO of BusinessFinance.com a business capital search engine with the funding criteria of 4,000+ sources for business capital. Visit BusinessFinance.com to search the funding directory for free. - Latest business
news &amp; management advice on how best to build your own business -
Free, independent business articles on Strategy, eBusiness, Change
Management &amp; much, much more.</description>
	<language>en</language>
	<docs>http://backend.userland.com/rss092</docs>
	<pubDate>Tue, 07 Sep 2010 12:32:25 +0000</pubDate>
	<managingEditor>admin@buildyourownbusiness.biz</managingEditor>
	<webMaster>admin@buildyourownbusiness.biz</webMaster>    
	<item>
      <title><strong>Successful Business Financial Projection - The Key To Securing Financing</strong></title>
      <description><![CDATA[A business seeking capital can't afford to underestimate the importance of business financial projections. A business financial projection is simply forecasting your sales and revenue to the lender. This information is important because it is a key indicator to your ability to repay a loan.

If you are unsure about financial forecasting and how it relates to your business it is best to hire someone who does know. Most lenders will want to see a three or five year projection. There are 14 different items to include and fully support in your financial projections. With these different items it is best to give a month-by-month breakdown for the first year, a quarterly breakdown for the next two years, and an annual breakdown for the final two years you are projecting.

The different items to include in your projections are; sales revenue estimates, administrative costs, production costs, sales costs, capital expenditures, gross margin by product line, sales increase by product line, interest rates on debts, income tax rate, accounts receivable collection plan, accounts payable schedule, inventory turnover, depreciation schedules, and the usefulness or depreciation of assets.

The income projection enables the owner/manager to develop a preview of the amount of income generated each month and for the business year, based on industry supportable predictions of monthly levels of sales, costs, and expenses. When determining the total net sales you will be finding out how many units of products and services you expect to sell at the prices you are projecting. Make sure to think of what returns, allowances, and markdowns can be expected. The sales costs needs to be calculated for all products and services used. Ensure that when determining the costs of sale that you don't forget anything such as commission paid to sales representatives, transportation costs, or any direct labor costs.

For the gross profit you would subtract the total cost of sale from the total net  ..]]></description>
      <link rel="alternate" type="text/html" href="http://www.buildyourownbusiness.biz/post/index/39/586/Successful-Business-Financial-Projection--The-Key-To-Securing-Financing.php">http://www.buildyourownbusiness.biz/post/index/39/586/Successful-Business-Financial-Projection--The-Key-To-Securing-Financing.php</link>
    </item>
  </channel>
</rss>