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How to Make a Business Plan

Financial Data Section


When you are learning how to make a business plan, it's important to note that the Financial Data section of your plan includes financial statements and a forward looking view of the financial situation of your business. This section includes:

How much information you provide in this section depends on the purpose of your business plan. If you are seeking funding, you will want to provide more detailed information. At the very least you should include your profit and loss history and projections as well as your statement of cash flows. You may also decide to provide important summary information in this section in the way of tables, with statements that support the number in your tables referenced in your appendix section.

You may need an accountant to prepare these statements correctly, if they haven't been prepared already. You'll want to include both historical financial statements and forward-looking financial statements. Your projected and historical profit and loss information is especially important. Be sure to explicitly state any assumptions made in your calculations for future performance.

The Financial Data section is one that lends itself to tables, graphs and charts. Be sure to include them where appropriate. One of the most important take aways you can have when learning how to make a business plan is that tables, graphs and charts can give your reader a quick glimpse of data without getting bogged down in text. Business plan software is very helpful in creating charts and graphs that look appealing and that convey information effectively, or you can create your own using tools like Microsoft Excel or your business bookkeeping package, such as QuickBooks.

How to Make a Business Plan Example

Here's an example of the Financial Data section of a business plan for a small software sales business.

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For those of you who would like to go into a bit more detail on how to make a business plan or would like more input on business plan examples or suggestions, I welcome you to participate in the discussion on this topic in the Business Plans folder in the About Home Business Forum.

Next how to make a business plan topic: Steps to write a business plan: Funding Request

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