The financial plan consists of a 12‐month profit and loss projection, a four‐year profit and loss projection (optional), a cash‐flow projection, a projected balance
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[PDF] BUSINESS PLANning and Financial Forecasting - PRBB
Business Planning and Financial Forecasting: A Guide for Business Start-Up This web-based affiliated “Financial Planning Template” helps entrepreneurs assemble their Starting Balance Sheet For business start-ups only The Start- up
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The financial plan consists of a 12‐month profit and loss projection, a four‐year profit and loss projection (optional), a cash‐flow projection, a projected balance
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through the process of creating a financial forecast by using examples, The $ ______ in startup money needed in order to start and grow my business will come Click here for a completed sample template and here for more SCORE
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Projections Template, which is part of the Simple Steps for Starting Your Business® including this guide and the Financial Projections Template, on the participant page: Amortization Period for your startup-costs If these numbers are not
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Please refer to the Four-Year Profit Projection spreadsheet Page 18 The 12- month projection is the heart of your financial plan However, we provide
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Business Plan for a Startup Business
The business plan consists of a narrative and several financial worksheets. The narrative template is the body of the business plan. It contains more than 150 questions divided into several sections. Work through the sections in any order that you like, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business. When you are finished writing your first draft, you"ll have a collection of small ess a ys on the various topics of the business plan. Then you"ll want to edit them into a smooth䇲flowing narrative. The real value of creating a business plan is not in having the finished product in hand; rather, the value lies in the process of researching and thinking about your business in a systematic way. The act of planning helps you to think things through thoroughly, study and research if you are not sure of the facts, and look at your ideas critically. It takes time now, but avoids costly, perhaps disastrous, mistakes later. This business plan is a generic model suitable for all types of businesses. However, you should modify it to suit your particular circumstances. Before you begin, review the section titled Refining the Plan, found at the end. It suggests emphasizing certain areas depending upon your type of business (manufacturing, retail, service, etc.). It also has tips for fine䇲tuning your plan to make an effective presentation to investors or bankers.If this is why you"re creating yo
ur plan, pay particular attention to your writing style. You will be judged by the quality and appearance of your work as well as by your ideas. It typically takes several weeks to complete a good plan. Most of that time is spent in research and re䇲thinking your ideas and assumptions. But then, that"s the value of the process. So make time to do the job properly. Those who do never regret the effort. And finally, be sure to keep detailed notes on yo ur sources of information and on the assumptions underlying your financial data. If you need assistance with your business plan, contact the SCORE office in your area to set up a business counseling appointment with a SCORE volunteer or send your plan for review to a SCORE counselor at www.score.org. Call 1䇲800䇲634䇲0245 to get the contact information for the SCORE office closest to you.Page 2 of 31
Business Plan
OWNE RSYour Business Name
Address Line 1
Address Line 2
City, ST ZIP Code
Telephone
FaxE䇲Mail
Page 3 of 31
I. Table of Contents
I. Table of Contents ................................................................................
................... 3II. Executive Summary ............................................................................................... 4
III. General Company Description ............................................................................ 5
IV. Products and Services......................................................................... ................... 6V. Marketing Plan ....................................................................................
................... 7 VI. Operational Plan ........................................................................ .......................... 16VII. Management and Organization ......................................................................... 21
VIII. Personal Financial Statement ............................................................................. 22
IX. Startup Expenses and Capitalization ................................................................ 23
X. Financial Plan ......................................................................................
................. 24XI. Appendices ........................................................................................................
... 27XII. Refining the Plan .................................................................................
................. 28