ASF: financial budgeting: your long-term forecast

Forecasting is not about predicting the future, it's about building a financial model that you are able to refine over time.

Forecasting is usually the toughest part of startup finance for entrepreneurs. But learning how to forecast and budget are critical. The point is not to try to predict the future. The point is to build a financial model that you can improve over time.

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Understanding numbers is more important than accuracy.

Acknowledgements to: The Kauffman Foundation.

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