Financial Forecasting - Running head: FINANCIAL FORCASTING...

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Running head: FINANCIAL FORCASTING 1 Financial Forecasting Nikki Vergets FIN/200 4/14/2011 John Simulcik
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FINANCIAL FORCASTING 2 Financial Forecasting With a new company I don’t think that there would be very much historical value because it hasn’t been around very long. The owner does not know how the company will hold up in such a competitive market. This makes financial forecasting even more difficult and important. A business owner wants to know exactly what is needed in funds, and how they can raise the funds. Knowing before hand how much they could possibly raise in funds helps them in planning the operation. But being that they are a new company, they may not have many ways to raise the funds so it may have to start out slowly and work its way up. When it comes to   a family owned company, they have unlimited liability which means any mistakes and their company could go bankrupt, which would put their whole family at risk including the employees, especially if that is their only means of income. That is why proper
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Financial Forecasting - Running head: FINANCIAL FORCASTING...

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