What are the major pitfalls for preparing budgets of a Startup?

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What are the economic factors and ratio we have to consider in preparing budget?
Posted by:
Ahmed Abd Alwahab Awad Ibrahim
21-July-2017

Annual Budgets Operating Budgets Developing Budgets Startups

Question added by Tamiz Uddin Mullick , Corporate Project Accountant , Swisscontact
Date Posted: 2016/01/13

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by MOHAMMAD NADEEM AAMIR , Account Receivable Supervisor , Arabian Drilling Company

No history available, reliance on data from similar projects.

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by Md. Shahrier Aswad , Accounts Officer, Finance & Accounts Department , Center for the Rehabilitaion of the Paralysed (CRP)

i think its inappropriate forecasting. you can't get info from your past, so the variances will be possibly too high- whatever it is, negative or positive.

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