Business Plan Financials

The Financials section of the Business Plan will help you create the financial statements and projections needed to stay up-to-date and informed throughout the easy-to-use wizard. Simply input the costs and funds required, and our software will do the calculations for you.

Financial or accounting background is not needed to produce these financial statements. The costs and assumptions you provide, however, must be backed by credible research and statistics. Assumptions are simply the reasoning behind how and why certain expenses cost a particular amount. You will first be asked to begin with “General Assumptions.” For additional information regarding each line item, hover your mouse over the green book icon.

Next, you will be asked to add your “Revenue Assumptions.” Your revenue assumptions are simply how you plan to make sales. The list provided below defines the different types of sales:

Product Sales (Units): Sales displayed by each product.
Product Sales (Gross): Sales displayed in total.
Services: Sales displayed by service.
Professional: Sales displayed by professional services.
Commissioned: Sales displayed by commission.

Choose a revenue assumption that best fits your business type and click the “Add Revenue Items” button to continue. Finally, click on “Continue” to go to the next section.

Once you have selected a revenue assumption type, you will be asked to project your sales and complete the assumptions, such as when you expect revenues to start, what your sales are going to be during the first 6 months, and how much you expect sales to increase up to 60 months after that.

Click “Save” to save any changes that you have made, and proceed through the rest of the Financial sections.

Note: Remember, you can click on the green book icon next to every open field to learn more about the line item to guide you through the process.

Updated on March 26, 2019

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