Identify your goals and financial projections

It is critical to make financial projections. Not only can you discover the total population of the target market, but also you will identify the percentage of that market to penetrate. Based on the market and industry research, you can obtain data that will help you to create realistic financial projections and should cover the first 3-5 years. However, the challenge for any startup company is creating financial projections when the business is not functioning.