Have you done financial projections for your startup before you launched?

nah

We use to do it every time. But in an vague manner.

Yes. I think it must be done in advance so that you can build your roadmap accordingly. We have written down several amounts of profit, the number of customers and their users we will need to get a particular amount of profit, the percentage of the global market we must take to get a certain amount of profit, etc.