{"id":465,"date":"2016-07-22T08:42:36","date_gmt":"2016-07-22T08:42:36","guid":{"rendered":"https:\/\/directcpa.com\/?p=465"},"modified":"2016-09-24T20:53:15","modified_gmt":"2016-09-24T20:53:15","slug":"5-benefits-preparing-mid-year-financial-projection","status":"publish","type":"post","link":"https:\/\/directcpa.com\/es\/5-benefits-preparing-mid-year-financial-projection\/","title":{"rendered":"5 Benefits of Preparing a Mid-Year Financial Projection"},"content":{"rendered":"

\"financial Starting a small business can seem overwhelming, but actually doing it and succeeding is empowering. Many small businesses are popping-up all over the world. Entrepreneurs start their small business with a dream for success but not every entrepreneur is successful. The success of your business cannot be determined by how great of an idea you have. The key to success is the ability to make solid financial projections. A business owner must have a clear path between where they are, where they are going and how they will get there. A Mid-Year Financial projection will help small business owners with just that.<\/p>\n

What is a Financial Projection?<\/strong><\/p>\n

A financial projection is a prediction of the future revenue and expenses of a company. There are essentially two financial projections a small business owner should develop. One being a short-term projection, the other being a mid-year, also referred to as a mid-term projection. A mid-term projection is an outlined account of the upcoming three years.<\/p>\n

Mid-term projection should include: <\/u><\/strong><\/p>\n