The financial section of a business plan is one of the most essential components of the plan, as you will need it if you have any hope of winning over investors or obtaining a bank loan. Even if you don't need financing, you should compile a financial forecast in order to simply be successful in steering your business.

The Financial Section of your business should cover

• Budget: Your financial forecast that indicates where you plan to make and spend money. For a startup, it is a breakdown of your startup and operational expenses.
• Revenue Model: This will show sales breakdown and where the sales will come from in details such as what income on a monthly and quarterly basis will you earn from specific product or service.
• Income statement: it is typically a profit and Loss projection covering 3 to 5 years. It is essentially your bottom line ¯ subtracting costs from revenue to come up with net profit
• Cash flow statement: A cash monitor that follows the flow of cash in and out of your company. This will be typical be a cash flow forecasts covering 3 to 5 years.
• Balance sheet: A financial snapshot that shows what you own, what you owe, and what your company is worth
• Break Even Analysis
• Financial Ratios (Gross Profit Margin, Return On Investment ( ROI) And Return On Owner's Equity)
• Financial Assumptions: the Facts and Basis for your forecasts and Figures

Without well written financial projections in your business plan, the plan is a good as useless. Contact the business plan writing professionals for help creating an expert business plan with financial projections that will help you achieve your goals. For more information about what we can do for you, call us today at 07031517266 or iden25@yahoo.com or visit www.businessplansnigeria.com

In your business plan, having a section for profit and loss will help you to know how far your business has grown...
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