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Income statement and cash flow
analysis should include a three-year summary, detail by month for
the first year, and detail by quarter for the second and
third years.
A start up plan should include a start-up budget
with personnel, legal/professional fees, occupancy,
licenses/permits, equipment, insurance, supplies,
advertising/promotions, salaries/wages, accounting, income,
utilities, payroll expenses.
All financials need to include the
underlying assumptions. Financial data needs to be
categorized and simplified for better impact. Depending on the
goal of the business plan, the financial section may be
extremely short or prepared in a separate document
altogether.
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