Below we go through multiple sections of the business plan that meet the above purposes.Note: Depending on the use of the business plan, it may be advisable to remove certain sections for a specific purpose.It depends upon the intended use of the business plan.Tags: Ucla Application EssaySocial Issue EssayAmerican Doctoral DissertationsArgumentative Art EssayResearch Paper EditorWriting A Good Essay IntroductionRestrict Student EssayWritting Business PlanEssay My Dream Car
The financials are so comprehensive, most potential investors read the business summary, the founder bios, and the financials to determine whether they are interested in the business.
These statements constitute the projected financial future of your business.
As previously discussed, the business plan serves two primary functions: Developing the financials section will give the business founder/managers a plan for budgeting, estimating future expenses and revenues, and business projections.
Likewise, a lender or outside investor will depend greatly upon the financials in evaluating the appeal/risk of investing in the business.
You will need to itemize your expenses in a readily usable and modifiable format.
I recommend using excel in the beginning and later moving to a customized accounting system (like intuit or quickbooks).
For this reason, I recommend that you invest considerable time in mapping out the potential startup costs.
When preparing a the list of startup expenses, it is best to overestimate the amount.
This information serves the dual purpose of satisfying the requirements of lenders and investors.
Potential investors will want assurance about the owner’s ability to meet the financial needs of the business.