A financial business plan outlines the financial estimates of a venture. It gives insight on the start-up and running costs of the firm. It can also reveal whether your business will be making profits or loss in the long run. It comprises of three main elements namely the balance sheet, the profit and loss statement and the cash flow statement.
Essential statements in the financial section of a business plan
1. Balance Sheet – Statement of Financial Position
This statement shows the worth of business at a particular date usually the end of a financial year. It has three main...