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Will My Business Make Money?
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For instructions on how to create a profit-and-loss forecast and a cash flow projection, see How to Write a Business Plan, by Mike McKeever (Nolo).
| Don't Forego a Break-Even Analysis |
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 Although creating a break-even forecast might sound complicated, you owe it to yourself to prepare one as one of the first steps in your business planning process. Now is the time to get used to using cost estimates and profit margins, if you're going to succeed in business. And as you can see, a realistically prepared break-even forecast will tell you whether your idea is a sure winner, a sure loser or, like most ideas, needs modifications to make it work. Plus, you'll have a big headstart on your business plan!
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