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Summarize each statement in a few easy-to-understand sentences, such as projected financial statements, including income statements, monthly cash flow, balance sheets, and annual cash flow statements in your business plan.
In this section of your business plan, you are required to distinguish your venture from the competition, and persuade the readers that your company will be able to compete successfully.
Many business advisors, bankers, experienced entrepreneurs, and investors generally agree that you should develop a business plan in order to keep you on track during the first stages of development.
Preparing a business plan is like outlining an itinerary for a trip.
Your business plan isn’t complete without the financial forecast.
Once you are done with the market analysis and objectives for your business, the next step is to explain your startup’s cost for the future goals of your company in the business plan.