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In other words, no one is telling our reporters or editors what to write or to include any particular positive or negative information about these products or services in the article.The article's content is entirely at the discretion of the reporter and editor.
It shows your revenues, expenses, and profit for a particular period - a snapshot of your business that shows whether or not your business is profitable. While established businesses normally produce an income statement each fiscal quarter, or even once each fiscal year, for the purposes of the business plan, an income statement should be generated more frequently - monthly for the first year.
The cash flow projection shows how cash is expected to flow in and out of your business.
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Before you begin, however, you must gather the financial data you will need including all of your expenses.
Think of your business expenses as two cost categories; your start-up expenses and your operating expenses.
The financial section is composed of three financial statements: the income statement, the cash flow projection and the balance sheet and a brief explanation/analysis of these three statements.
This article will guide you in the preparation of each of these three financial statements.
"In many instances, it will tell you that you should not be going into this business."The following will cover what the financial section of a business plan is, what it should include, and how you should use it to not only win financing but to better manage your business.
Dig Deeper: Generating an Accurate Sales Forecast Editorial Disclosure: Inc.