Thursday, March 20, 2008

Projecting

It's funny to me how investors usually insist on "projections" from somebody starting a new business. The fact is, seems to me, that there's no way in hell you can "project" levels of income for the future. You simple can't predict all the factors, or even just most of them. If you could, most businesses would not fail in the first two years. Investors should know this.

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