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Now that you've reached the financial portion of your business plan, it's time to rethink the business plan you've just written. How will you convince your advisors, investors and bank manager, that your business is more than just a good idea? It's all in the numbers.
Your financial statements should round out the image you've sketched in the first half of your business plan. If you've described your market as having no competitors, and your product as being a revolutionary mouse trap, then your projected financial statesments should illustrate the anticipated affect on your bottom line.
Personal Finances
Outline what you personally own and owe and consider your plans for your long-term financial well-being.
Business Finances
Prepare financial statements that describe the past, present, and future of your business.
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