Business Plan Pro - Easy Business Planning Financialse
Business Plan Financial Projections
If you just need to update your current business plan financial model, or develop a comprehensive budget, we have un-bundled the Excel-based financial model templates from BizPlanBuilder so you can purchase them separately. (These are included with the full BizPlanBuilder application.)
Business Plan Financial Statements
A business plan is all conceptual until you start filling in the numbers and terms. The sections about your marketing plan and strategy are interesting to read, but they don't mean a thing if you can't justify your business with good figures on the bottom line. You do this in a distinct section of your business plan for financial forecasts and statements. The financial section of a business plan is one of the most essential components of the plan, as you will need it if you have any hope of winning over investors or obtaining a bank loan. Even if you don't need financing, you should compile a financial forecast in order to simply be successful in steering your business.
"This is what will tell you whether the business will be viable or whether you are wasting your time and/or money," says Linda Pinson, author of Automate Your Business Plan for Windows (Out of Your Mind 2008) and Anatomy of a Business Plan (Out of Your Mind 2008), who runs a publishing and software business . "In many instances, it will tell you that you should not be going into this business."
The following will cover what the financial section of a business plan is, what it should include, and how you should use it to not only win financing but to better manage your business.