28 Dec Financial section of the business pla
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Financial section of the business plan (Write about 2-3 pages)
You will have 3 headings as outlined below:
1.Sources and use of funds: Outline the funds you have currently (see below picture) and the ones you intend to raise (you need to raise funds as below picture). Explain how you plan to use the funds (a clear plan for how you will use the money).
Before addressing this section please review:
· NOTE : Sources and Use of Funds/Sample plan (as below picture) for an idea on how to address this section.
2. Plan assumptions: The Financial plan must be based on decisions and facts. Investors want to know if this plan is realistic. In this section you will outline your plan assumptions. Before addressing this section please review:
· The setup and assumptions sheet in your Excel document.
· Sample plan & Assumption sheet (as below picture).
· Article about the 5 key assumptions of your business plan. https://www.thebalancesmb.com/question-key-assumptions-in-your-business-plan-1200853
3. Break-even analysis: The break-even point is the point at which you make enough money in revenue to pay your expenses, but no profit (or loss). In this section, clarify what the break-even number is for year one (average). You will extract this information from the Break-even tab in the Excel document. Before addressing this section please review:
· As below picture, which covers the break-even analysis.
· The BrkEvn (Break-Even) worksheet in your Excel document. You would have calculated this there.
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