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:

Sales forecast

– Subscription sales forecast

Expense budget

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

Plan your exit strategy

Financial ratios and metrics:

Common business ratios

– Break-even analysis

– How to calculate ROI

Financial plan templates and tools:

– Download and use free financial templates and calculators.

How to Write a Financial Plan Budget and Forecasts -

Sales Forecast Template

Download a free sales forecast spreadsheet with built-in formulas to estimate your first full year’s monthly sales.

How to Write a Financial Plan Budget and Forecasts -

Accurate financial forecasting made easy with LivePlan’s simple financial management tools.

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