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FINANCIAL PLAN
The financial forecast of a business plan is alway the most difficult aspect and at the same time, its very important in considering a business plan for a grant and will determine if an investor will be willing to put his/her money in your idea or business. Because this forecast will give your investors a foresight base on the financial plan to know if the business is profitable or not
What is financial plan?
Financial plan is the aspect of a business Plan that contains the financing sources, invested cost, sales revenue, cost of sales and expenses and result of financial projection (i.e loss or profit and this will determine if you or your investors will be willing to invest or not)

For easy understanding this is divided into the following in your Financial plan



* Balance sheet ( asset, liability and owners equity)
* Income statement ( revenue, expenses and net profit/loss)
* Cash flow statement ( total cash inflow and total cash outflow)

Do you want to develop standard financials for any business?
The information below will be of help.
You need to have a standard estimate of the cost of building or rent and the equipment and machines which you will use to develop the balance sheet

The balance sheet consist of the listed rows below
Cash
Accounts receivables
Inventory
Other current asset
Total current asset
Long term asset
Accumulated depreciation
Total asset

Account payable
Income taxes payable
Sales taxes
Short term dept
Prepaid revenue
Total current liabilities
Long term debt
Total liabilities

Prepaid in capital
Retained earning
Earning
Total owner’s equity

Please note that your Asset must be equals to the summation of your liability and owners equity

Asset = Liabilities + Owner’s Equity

After the balance sheet you can develop your income statement

Income statement
Income statement consist of your expenses, sales revenue and profit or loss

For further assistant you can click on the link below to study some of the business plans in our server by clicking on the link below

http://www.solarexinstitute.com.ng/category/business-plan/

You can also contact our business dev. Unit for any further assistance call us on 07062284261, 0708 201 4770

Please note that your Asset must be equals to the summation of your liability and owners equity

Asset = Liabilities + Owner’s Equity

After the balance sheet you can develop your income statement

Income statement
Income statement consist of your expenses, sales revenue and profit or loss

For further assistant you can click on the link below to study some of the business plans in our server by clicking on the link below

http://www.solarexinstitute.com.ng/category/business-plan/

You can also contact our business dev. Unit for any further assistance call us on 07062284261, 0708 201 4770