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Developing a Business Plan: Part 5

Apr
22
2021
Thu 9:30 AM to 11:30 AM
Online
Facilitated by Ohio SBDC at Miami Regionals
Topic: Business Planning

Part 5: Personal Financial Statements and Financial Plan. Do you need to have personal financial statements for each owner and major stockholder? The financial plan consists of a 12-month profit and loss projection, a four-year profit and loss projection (optional), a cash-flow projection, a projected balance sheet, and a break-even calculation. Together they constitute a reasonable estimate of your company's financial future. Learn how to: • 12-Month Profit and Loss Projection • 4-Year Profit Projection • Projected Cash Flow If the profit projection is the heart of your business plan, cash flow is the blood. The cash-flow projection is just a forward look at your checking account. Your cash flow will show you whether your working capital is adequate. Depreciation does not appear in the cash flow at all because you never write a check for it.

Speaker(s): Lisha Proudfoot, MSSL, CBC, CBC


Fee: No Cost
Small Business Development Centers of Ohio U.S. Small Business Administration America's Small Business Development Center Network Ohio Department of Development
Funded in part through a cooperative agreement with the U.S. Small Business Administration. The Ohio SBDC program is also funded in part by the Ohio Development Services Agency. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. For arrangements, call the Ohio SBDC at 614-466-2711 or (800) 848-1300.
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