Business Plans and Financial Modeling

Business Plans and Financial ModelingBusiness Plans and Financial Modeling.

Overview.

Business Plan is a document giving detailed description of a new or existing business, including management’s vision and objectives and how these objectives are achieved through the company’s products or services, its marketing plan and management principles.

The financial component of the Business Plan includes projections for income, costs and other cash layouts. The Business Plans are accompanied by a projected balance sheet, profit/ (loss) statement and cash flow (source and application of funds) statement.

Why Need a Business Plan.

A thoroughly researched and well prepared Business Plan reduces the risks of unforeseen situations. It helps in the following areas:

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