Financial Projections for Business Plans, Loan Applications and investors.
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Perfect your business plan to ensure 100% financing. Having a great business idea makes a good start, having an effective business plan to bring it to life makes it real. Many entrepreneurs find that preparing a financial forecast is the most intimidating aspect of developing a business plan.
Financial Projections for Business Plans, Loan Applications and investors. Predicting the future is difficult, but planning for it can help. Call us today!
Perfect your business plan to ensure 100% financing. Having a great business idea makes a good start, effective business plan makes life real. Financial Planning helps your business deal with change, both inside and outside the company. Depending on your company’s situation and objectives, you’ll need to develop several types of projections and budgets:
Profit and Loss Account
First element of financial projections is Profit and loss and it indicates 2 main items. How much sales/turnover business business will generate month by month and on annual basis basically summing it all. Second item is listing down all the expenses. There is a large list of expenses as opposed to revenue. Hence they need to be categorised into more understandable categories.
Second element of financial projections is Balance sheet which contains three main items.
- Assets- How much the assets are worth which business owns. Such as Furniture, Plant, Equipment, Vehicles, Computers, Bank Balance, Debtors, and Stock etc.
- Liabilities – How much business owes to third parties such as Lenders, Creditors etc.
- Capital- Final portion is how much the owner invested. Also it includes how much profit business has generated and retained in the business.
Cash Flow Statement
Detailed month to month cash flow showing how much cash is received by business and how it will be spent on a monthly basis.