Strategic Planning in the Small Business

Unit 1

HO

1-2 (continued)

FINANCIAL

PLAN

Prepare and Explain
the "Sources
and Applications
of Financing"
Report

" How

much money

is needed to

operate the

business successfully?

" For what

uses will the

needed financing

be applied?

" What

positive effect

will the requested

financing

ensure?

" What

terms and conditions

are sought

for the

needed financing?

" What

assets are available

to secure

outside financing?

"

How and when

will outside

financing be

liquidated?

SUPPORTING

FINANCIAL

DOCUMENTS

1. Personal
   balance sheet


2. Capital equipment
   list

3.

Beginning balance

sheet

4.

Break-even

analysis

5.

Annual projected

income

statement plus

explanatory

notes

6. Monthly
   projected
   income statement
   plus explanatory
   notes

7.

Monthly and

quarterly cash

flow projections

plus explanatory

notes

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