Financial forecasts are almost impossible to determine for new businesses, and therefore omitted from the initial business plan.

Question

Quizplus · Accepted Answer

Financial forecasts may be difficult to determine for new businesses, but they are still an important part of the initial business plan. While they may not be 100% accurate, they can provide a basis for decision-making and help investors understand the potential of the business.

Financial Forecasts Are Almost Impossible to Determine for New Businesses