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April 14, 2006
Including Financial Statements in your Business Plan
When writing a business plan, it is important to include five-year pro forma financial statements. This will give investors a five year estimate of how well your business will do, which will help them determine whether or not the business is viable. In most cases, you should include an Income Statement, Balance Sheet, and Statement of Cash Flows.
If you have experience with these types of accounting statements, you can start off by gathering information. Sometimes it is helpful to use business plan software with financial statements. Using this software will assist you with building these statements.
The Small Business Administration also has articles that can assist you with creating your financial statements.
Posted by Jon at April 14, 2006 8:52 AM