Tags: Globalisation Advantages And Disadvantages EssayEssay Cheats SchoolHistory Essay AnswersBest Law School Personal StatementsEssay For GrendelBag Book Report
Do not do this part of your plan until you have finished those two sections.
Revenue and expense figures are drawn from the three-year income projection.: The following (G-J) are Actual Performance (Historical) Statements.
They reflect the activity of your business in the past.
Contains: (1) Assets, (2) Liabilities and (3) Net Worth.
In this section you will use your income statements and balance sheets to develop a study of relationships and comparisons of: (1) Items in a single year's financial statement, (2) comparative financial statements for a period of time, or (3) your statements with those of other businesses.
The following are the major documents you will want to include in your Business Plan.
The work is much easier if they are done in the order presented because they build on each other, utilizing information from the ones previously developed. It shows cash inflow and outflow over a period of time and is used for internal planning.A business plan will be the best indicator that can be used to judge your potential for success.It should be no more than 30 to 40 pages in length, excluding supporting documents.This is a summary of financial information about your company from its start to the present.The Business Financial History and Loan Application are frequently one and the same. Include: work history, educational background, professional affiliations and honors, and a focus on special skills relating to the company position.Include only the supporting documents that will be of immediate interest to the person examining your plan.Keep the others with your own copy where they will be available on short notice.If you have completed the rest of the financial section, you should have all of the information you need to transfer to this document. All other documents which have been referred to, but not included in the main body of the plan.(for example: location plans, demographics, competition analysis, advertising rate sheets, cost analysis, etc.) Your Business Plan should look professional, but the potential lender or investor needs to know that it was done by you.It is a picture of your firm's financial condition at a particular moment and will show you whether your financial position is strong or weak.It is usually done at the close of an accounting period.