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How to write a financial section for your Startup Business Plan [2020 Updated]?
Financial Statements for Business Plans and Startup
Continuing with my series here on standard business plan financials, all taken from my Lean Business Planning site, the Profit and Loss, also called Income Statement, is probably the most standard of all financial statements. And the projected profit and loss, or projected income or pro-forma profit and loss or pro-forma income is also the most standard of the financial projections in a business plan. Either way, the format is standard, as shown here on the right. The format and math start with sales at the top. Companies vary widely on how much detail they include. And projections are always different from statements, because of Planning not accounting.
Creating a Business Plan Narrative
Plus, we cover the key elements of the financial section of a business plan. Download and prepare these financial plan templates to include in your business plan. Use historical data and future projections to produce an overview of the financial health of your organization to support your business plan and gain buy-in from stakeholders. Use this financial plan template to organize and prepare the financial section of your business plan.
The company is raising a large investment for the purpose of growth and operations. This funding will cover operating expenses and product development during this period. The following is a breakdown of how the funds will be used.