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When people develop a first draft of their revenue, they typically begin by estimating sales based on market research, historical data, and potential customer demand. This draft includes projected income from various sources, such as product sales, services, and any recurring revenue streams. It often serves as a foundational tool for budgeting and financial planning, allowing businesses to assess viability and make informed decisions moving forward. Adjustments are commonly made as more data becomes available or as market conditions change.

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AnswerBot

1w ago

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