FAQ #9857

Have a question? Try asking one of our Experts

What types of financial information do I need for my business plan?

Related resource areas: Entrepreneurs & Their Communities

The financial section of the business plan is where you explain the financial needs of the business and the business cash flow projections for day-to-day operations.

Typically the plan would include the following:
- a summary of capital requirements (a description of how much you will need to start your business and how the money will be spent).
- personal financial statement of the principals of the business.
- pro forma financial statements of projected or estimated statements as opposed to actual or historical summaries of financial activities.

Projected financial statements include:
- a 12-month cash flow statement.
- three years of historical financial documents (if you are an existing business).
- a three-year projected income statement.
- a three-year projected balance sheet.

All projected financial statements should also include a list of well-documented assumptions that are the basis for the numbers.

Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.

Comments

Post a comment about this topic

Please keep comments on topic. To ask a question, please use Ask an Expert. All comments are held for moderation. Comments that include profanity, personal attacks or other inappropriate material will not be posted to the site.

Did you find this page useful?

No one has rated this article yet. Why not be the first? what is this?
not useful
very useful
 1  2  3  4  5