Asked by Nathan Cross on Feb 18, 2024
Verified
Presenting carefully thought-out financial projections to investors is an exercise in lowering perceived risk in both you as an entrepreneur and your idea.
Entrepreneur
An individual or a group who creates something new—a new idea, a new item or product, a new institution, a new market, a new set of possibilities.
- Recognizing the role of financial projections in mitigating perceived risk.
- Developing skills in creating accurate and realistic financial projections.
- Understanding the importance of financial projections in the investment process.
Verified Answer
SA
Sarah Alkaabi
Feb 18, 2024
Final Answer :
True
Explanation :
Financial projections demonstrate that you have a clear understanding of your business model and have thoroughly considered the potential revenue streams and expenses. This helps investors see that you have thought carefully about the feasibility and profitability of your idea, which can lower the perceived risk of their investment.
Learning Objectives
- Recognizing the role of financial projections in mitigating perceived risk.
- Developing skills in creating accurate and realistic financial projections.
- Understanding the importance of financial projections in the investment process.
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