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

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