Complete Your Personal Financial Statement
Complete an Opening Day Balance Sheet to estimate your business’s financial positioning when you open.
List financial assets to prepare for loan applications. Prepare financial details to meet with lenders and investors.
Project your business’s first-year cash flow. Use cash flow information to strategize your business.
Project a balance sheet for your business. Determine what additional resources your business needs to succeed.
Determine when your business will break even. Analyze variable and fixed costs.
Explain to lenders and investors how additional funding will benefit your business. Show how you will use a loan or investment to grow your business.