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Financial Plan
Money planning is The most important point of a business plan.
Is an indication of how much debt our business is capable of?
Make this section the most important. Entrepreneurs / business owners Should
explain what money will be used to spend? In order for the bank to consider the
credit and assess whether the loan can be approved or not Therefore,
entrepreneurs must prepare financial plans carefully and clearly. The important
parts that entrepreneurs must have in writing a business plan are as follows:
● Financial assumptions It determines revenue - expenses. Of the
project / or business such as production cost, product sales, sales promotion
fee, interest expense, depreciation, inventory, trade accounts receivable and
accounts payable.
● Financial projections analyze various financial statements
related to our business is the income statement which shows the income expenses
and profits. Also known as a statement that shows the business's performance
over a period of time. Subsequently, the balance sheet is a statement showing
the status of the business. Both assets final liabilities and equity are the
cash flow statements. Is a statement that shows the company's financial changes
both cash and other assets that are equal to cash.