Financial Projections

We are Financial Projections Developers in Ghana. We develop financial projections for clients over any given period of time. Financial projections provide a means for ascertaining the direction of business growth. Such forecasts help to ensure that a business is on the right track and offers the opportunity to design and implement the necessary control measures for business success.

In order to get the attention of serious investors, it is important to have realistic financial projections incorporated into your business plan. Projections can be a tricky business as you try to anticipate expenses while trying to predict how quickly your business will grow. With a quick outline and some forethought, though, you can easily get a handle on your business’ financial projections. In its simplest form, a financial projection is a forecast of future revenues and expenses. Typically, the projection will account for internal or historical data and will include a prediction of external market factors.

Your business plan is all conceptual until you start filling in the numbers. The sections about your marketing plan are all interesting to read, but they don’t mean anything if you can’t justify your business with good figures.

Financial projections are one of the most essential components of your business plan, as you will need it to have any hope of winning over investors or obtaining a loan. Even if you don’t need financing, you should compile a financial forecast to be successful in running your business.

You have to realize that, financial projections are very different from accounting. Many people get confused about this because financial projections includes statements of profit and loss, balance sheet and cash flow which look similar to accounting statements that every business generates. Accounting looks back in time from today while financial projections takes a futuristic view.

You don’t do financial projections in a business plan the same way you prepare your accounting reports meaning that, you summarize and aggregate more than you might with accounting, which is more detailed. You don’t have to imagine all future asset purchases with hypothetical dates and depreciation schedules to estimate future depreciation. You can just guess based on past results.

The purpose of the financial projections in a business plan is twofold. You’re going to need it if you are seeking investment from venture capitalists, angel investors, or even smart family members. They are going to want to see the numbers that say your business will grow quickly and that there is an exit strategy for them in future during which they can make profit. Any bank or lender will also ask to see these numbers as well make sure you can repay your loan but the most important reason to compile this financial forecast is for your own benefit, so that you understand how you project that your business will do.

There are different types of businesses (trading, manufacturing and service). The financial projections for the trading and service businesses are very similar. The steps for preparing financial forecasts for a manufacturing business is however quite different.

There are three [3] different types of financial projections we prepare and these are based on the three main types of businesses there are. We prepare separate financial projections for trading businesses, service oriented businesses and manufacturing businesses. The various sections covered under the various types are detailed in the table below:


Structure of Our Financial Projections
Sections Trading Services Manufacturing
Underlying Assumptions
Startup Costs
12-Month Projected Sales Revenues
12-Month Production Budget
12-Month Purchases Budget
12-Month Projected Income Statement
12-Month Projected Cash Flow Statement
12-Month Projected Balance Sheet
12-Month Financial Ratios
12-Month Projected Operating Expenses
12-Month Production Overheads
12-Month Salaries Budget
12-Month Direct Labour Budget
12-Month Cost of Raw Materials Budget
12-Month Raw Materials Used Budget
5 | 10 - Year Projected Sales Revenues
5 | 10 - Year Projected Income Statement
5 | 10 - Year Projected Cash Flow Statement
5 | 10 - Year Projected Balance Sheet
5 | 10 - Year Financial Ratios
5 | 10 - Year Operating Expenses
5 | 10 - Year Production Overheads
NPV, IRR, Payback, Profitability Index
5 | 10 - Year Sensitivity Analysis
5 | 10 - Year Amortization Plan
5 | 10 - Year Closing Stock Budget
5 | 10 - Year Accounts Payable Budget
5 | 10 - Year Accounts Receivable Budget
5 | 10 - Year Cost of Goods Sold Budget
5 | 10 - Year Salaries Budget
5 | 10 - Year Direct Labour Budget
5 | 10 - Year Assets Schedule
5 | 10 - Year Depreciation Schedule
5 | 10 - Year Cost of Raw Materials Budget
5 | 10 - Year Raw Materials Used Budget
Break-Even Analysis