7. Estimate Financing for Your Business Plan Wrap-Up
In this lesson, you completed financial projections in spreadsheets and linked to them in yourbusiness plan.
Financing information is an essential part of your business plan.
Investors and lenders will use the estimates, projections, and calculations in your financinginformation to determine if they will fund your business.
In this lesson, you: Formatted and edited spreadsheets,Used functions and formulas to calculate financial information in spreadsheets,Estimated your “startup expenses and capital,”Completed a twelve-month projection of profit and loss,Added a “financing information” section to your business plan,And linked to your spreadsheets in your business plan.
Now you’re ready to continue working on your business plan using SCORE-dot-org smallbusiness resources.
The “Financing Information” section of a business plan often contains additionalestimates.
To finish adding “Startup Expenses and Capitalization” information, complete the “Opening Day BalanceSheet” and “Personal Financial Statement” lesson extension activities.
To finish your financial plan, complete the Cash Flow Projection,Projected Balance Sheet, And Breakeven Analysis documents includedwith this lesson.
Complete these worksheets to gather all of the information needed to apply for a businessloan.
As you complete additional worksheets and templates, link to each spreadsheet so thatreaders can access your worksheets from your business plan.
You can also digitally share your spreadsheets or print them and put them in a binder.
The digital skills you used in this lesson are important for running your business andusing digital tools to work with clients, partners, and investors.
Continue to build your digital skills and plan your business with SCORE resources.
See a SCORE mentor in your area for advice, to revise your business plan, and to continuegrowing your startup.