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September 14, 2020

Building pro-forma statements is essential for any new busin

Building pro-forma statements is essential for any new business to make feasible predictions about revenue sources and costs that will be incurred. From this, you can identify areas to improve your revenue or where you should be more efficient to reduce costs. Overall, the goal is to make sure that you are generating a healthy income with your new venture.Watch: How to make a Proforma Income StatementCreate a Pro-forma Income StatementRevenueConsider the number of units you plan to sell and the expected selling price to determine the revenue for your business.CostsLeverage the internet to see what different items that you need cost. Consider the cost behind selling each unit whether that’s production, marketing, or distribution.I have attached the video my professor advised us to use for the assignment

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