Business Plan Financials
A business plan usually includes a section of business plan financials. Business plan financial are basic financial information about your company. Most business plan readers want to see that information.
Module Objective: To learn about the financial information that a good business plan includes, why business plans include financial information, and how to calculate and present the figures that you should include
Your Outcome: Create an Income Statement, Balance Sheet, and Cash Flow Statement
Figuring Out Price
Your Outcome: A fully-developed pricing strategy and prices set for your products/services. You can’t sell until you know what you want to charge people! Learn more…
Your Outcome: An official business break-even number based on your initial plans. Learn more…
Cash Flow Management
Your Outcome: A forecast of any potential cash crunches that may impact the success of your business. Learn more…
Creating Your Income Statement, Balance Sheet and Cash Flow Forecast
Your Outcome: Completed financial statements and forecasts. Learn more…
People find Finances daunting because math makes them nervous. However, you should learn how to do these basic, important calculations. When you know how to create business plan financials, you can:
- Write a good business plan
- Monitor how your business is doing.
- Easily access information that you need to meet with investors and financial institutions, or to have for your own information.
Knowing your business plan financials and the financial basics behind them is a good thing. You know what they say…knowledge is power!