Financial Planning

A business plan should always include an analysis and forecast of the company’s financial position.  It will detail things such as:

  • start up costs
  • personal investment
  • additional sources of finance
  • cashflow forecast
  • profit & loss forecasts
  • balance sheet forecasts
  • historical financial information (if the business is an existing one rather than a start up)

Just as important as the figures themselves are

  • details of the assumptions made in arriving at them
  • sensitivity analysis (how much things will need to change before your figures don’t work anymore.

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