Creating a financial plan is often the most intimidating part of writing a business plan. It’s also vital. Businesses with accurate financial statements are more prepared to pitch to investors and achieve long-term success. Thankfully, you don’t need an accounting degree. Here is everything you need to include in your financial plan, along with optional performance metrics, funding specifics, and free templates.
Key components of a financial plan:
– Subscription sales forecast
– Personnel costs forecast
– Profit and loss forecast
– Cash flow forecast
– Balance sheet
What to include if you plan to pursue funding:
– Highlight any risks and assumptions
– Common business ratios
– Break-even analysis
– How to calculate ROI
Financial plan templates and tools:
– Download and use free financial templates and calculators.
Sales Forecast Template
Download a free sales forecast spreadsheet with built-in formulas to estimate your first full year’s monthly sales.
Accurate financial forecasting made easy with LivePlan’s simple financial management tools.
Hello!
I’m Andrew Brooks, a seasoned finance consultant from the USA and the mind behind phonenumber247.com.
My career is built on a foundation of helping individuals and businesses thrive financially in an ever-changing economic landscape. At phonenumber247.com, my aim is to demystify the complex world of finance, providing clear, actionable advice that can help you navigate your financial journey with confidence. Whether it’s personal finance management, investment strategies, or understanding the nuances of market dynamics, I’m here to share insights and tools that can propel you towards your financial goals.
Welcome to my digital space, where every piece of advice is a step closer to financial clarity and success!