6 The Value of Pro-Formas (Or, Whats Wrong with Just Using a Budget?) Management – understand the past & the present Better understand cost/benefits o
{"Image DocumentName": "The Value of Pro-Formas (Or, What\u2019s Wrong with Just Using a Budget?)", "Image ImageDescription": "Management \u2013 understand the past & the present. Better understand cost/benefits of mission-driven components. Ratio analysis & benchmarking. Ability to perform (and interpret) sensitivity analysis. Strategy & Planning \u2013 prepare for the future. Forward thinking (Year 1 by month and Years 2-5 by year) Facilitates more rational decision-making by clarifying business opportunity. Forced articulation of assumptions and clarification of research/data.     \u2013 allocate resources, explain situations & raise capital. Balance sheet and cash flow statement can highlight risks. Used in evaluation to access new sources of capital (especially lenders, socially responsible investors, venture philanthropists, etc.)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}