Financial Projections for New Service Businesses
Predict how successful your future service business can be with the best interactive financial projection simulator for aspiring entrepreneurs.
Quick Facts
Whether you’re interested in starting a contractor business, a healthcare clinic, or a salon, if you want to start a service-based business, we have you covered.
According to the Small Business Administration, about 20 percent of small businesses in the United States are concentrated in the goods-producing sector, but the remaining 80% are in the services so there is plenty of opportunity available for a new business.
However, since 20% of new businesses fail within their first year, starting any business without a plan is a bad idea.
With Projection Genie and our interactive financial simulator, we help new entrepreneurs avoid launching poorly planned service businesses by providing you with the financial analysis and reports you need to determine how to start a financially successful business before you launch it.
Projection Genie helps aspiring entrepreneurs answer common questions like:
- How much money would I need to start my service business?
- How much will employee wages including payroll taxes and benefits cost me monthly?
- How much revenue would I need to generate for my service business to become profitable?
- When can I expect my service business to become profitable?
- When can I expect my service business to break-even?
- What effect would an increase or decrease in sales have on service business’s profitability?
- What impact would changes to my expenses have on my cash flow?
Not only does Projection Genie help entrepreneurs answer questions like these, it also provides education on common business & finance terminology, recommendations via tooltips, and self-help articles to improve your knowledge and understanding of your potential outcomes while creating simulations and what-if scenarios.
Key Benefits:
- Easy to use. No finance or accounting skills required as calculations are done for you automatically
- Save thousands of dollars. Why pay a Certified Professional Accountant (CPA) $2,000 dollars or more to create financial projections for you when you can do it yourself easily with Projection Genie?
- Avoid headaches. Create financial projections in less than an hour, not over weeks or months
- Avoid starting a potentially unsuccessful business and losing your investment
Key Features:
- Success Probability Ratings. We give you a snapshot of your service business’s probable chances of succeeding financially
- Key Industry Specific Financial Models & Ratios
- Employee & payroll models to help you calculate and put a hiring plan in place (coming soon)
- Receive calculations in any currency from around the world
- Downloadable statements, tables, & charts to insert into business plans, reports, and presentations