Business plan financial

The Perfect Business Plan Made Simple: The best guide to writing a plan that will secure financial backing for your business Product Description Successfully start your own profitable business Starting your own business is an American Dream. But raising money requires a polished business plan that sells financial backers on your idea. The Perfect Business Plan Made Simple approaches the business plan as a sales document that will persuade bankers and venture capitalists to invest in your new or growing enterprise. Featuring examples and detailed sample plans, this updated edition addresses legal concerns and special issues unique to internet-based businesses. Detailed writing instructions, overviews of the funding process, and explanations of why certain arguments are crucial make this guide invaluable to both novices and experienced entrepreneurs. Important topics include: • your business’s mission and strategy • the written plan and the role of presentations • the target audience principle • making financial projections • how to make and present a marketing plan • special considerations for service businesses • contingencies–what you’ll do if things go wrong • legal and ownership issues • dot-com businesses • a self-test to see if you’re cut out to be an entrepreneur Look for these Made Simple Books: Accounting Made Simple Arithmetic Made Simple Astronomy Made Simple Biology Made Simple Bookkeeping Made Simple Business Letters Made Simple Chemistry Made Simple Computer Science Made Simple Earth Science Made Simple English Made Simple French Made Simple German Made Simple Inglés Hecho Fácil Investing Made Simple Italian Made Simple Keyboarding Made Simple Latin Made Simple Learning English Made Simple Mathematics Made Simple Philosophy Made Simple Physics Made Simple Psychology Made Simple Sign Language Made Simple Spanish Made Simple Spelling Made Simple Statistics Made Simple Your Small Business Made Simple About the Author WILLIAM LASHER, Ph.D., holds his doctorate in economics and is a certified public accountant. He has served as a planning analyst with Texas Instruments, director of planning and controller for Harris Data Communications, and chief financial officer of Pactel Information Systems. ---------------------------------------- The book is a text book I needed for a Business class I am taking. I am extremely disappointed in the amount of time it took to get to me however. I ordered this text book on July 18th and didn't received it until August 18th. My class ends on Aug. 26th. I had to get the book from our school library and pay late fees because of the amount of time I had it checked out for. I ordered another book on the same day, Adobe Photo shop CS4 for Photographers which I received in 5 days. I wrote a note to the person who sent the book to me expressing my disappointment in the time it took to get to me. The class was almost over. If you have individuals sending these books out repesenting Amazon, then you As Amazon need to make sure the books are sent out in a timely manner, not a month later!!!!!! I am reluctant to order through you now. ------------------------------------- Business Plan 101 - The Financial Section No part of the business plan is more important than the financial section. It is here that the plan can fail if the needs of funders are not taken into account. The financials should include the following key information: Financial Summary A simple, five year financial summary should show the expected growth in revenues and profit over the years, as well as expenses (yes, expenses do have to rise to allow for increased revenues). This type of summary can go further by showing some non-financial markers of success, such as the number of full-time employees, number of locations, number of products sold in a year, and number of clients. Readers will look to see that the growth described in this summary seems attainable from the market opportunity and size given as well as the strength of the marketing and operations plans and the management's means to execute them. Sources and Uses of Funds Within the financial section there should be details on the funding requirement for the business and who the funders will be. If any funding is secured already, this is certainly information to mention. However, if all funding is still uncertain, this section should at least describe the type of funders that are being targeted. The uses of the funds should then be detailed, showing what the pre-launch startup expenses will be as well as the needs for additional working capital going forward. Pro Forma Financial Statements Finally, a full set of pro forma (projected) financial statements should be included in the appendices of the business plan. These financial statements must be completely consistent with the financial summary and sources and uses of funds described earlier. The statements include the income statement (sometimes called the profit and loss statement or P & L), balance sheet, and cash flow statement. Generally, more detail is given for the first three years by showing quarterly results. Additional statements should then show annual results for the first five years. The income statement shows the revenues and expenses (grouped into appropriate categories), and the profit or loss for each period. The balance sheet shows the breakdown of assets, liabilities and owner's equity in the business at given points of time. The cash flow statement shows the cash inflows and outflows from normal operations, investment in the business, and financing from lenders and investors. The advice of an accountant or business plan consultant familiar with drafting these statements is recommended to make sure that you get them right. Looking for more expert advice on how to make a business plan? Download Growthink's "Ultimate" Business Plan Template here, http://www.growthink.com/products/business-plan-template, or call 800-506-5728 for a FREE consultation with a Growthink business plan consultant. http://www.growthink.com/businessplan/help-center/key-components-business-plan-part-I