By Agrican Cuillerier at December 17 2018 18:46:02
Financial Plan - What is the anticipated income? What are the cash flow projections? What is the anticipated budget over the next 3 years? What is the break even point? When is it anticipated to be met? What funding is needed and where will it come from? What funding is currently available? What collateral is available? What is the net worth of the principals, if applicable? Possible Data Sources: accountant; accounting software; Small Business Administration; Small Business Development Center; SCORE; banks; venture capitalists.
Why use business plans consultants? When you are in the act of putting together a small venture producing a proposal is one of the primary tasks you want to do. Composing the plan can be quite a touch challenging and will slow a lot of people down while they cannot wait to get going, having said that a good quality sound strategy is actually critical if you wish your organization to be successful and profitable.
Small business consultants are very much on top of their game. They compile industry reports relating to the business, conduct feasibility studies, as well as studies relating to potential customers.
U.S. Census Bureau (census.gov): A source for a variety of useful statistics, especially the Economic Census that comes out every 5 years.
business budget definition