Trying to find out more information about a five-year continuous business plan? When many entrepreneurs sit down to write a business plan, many do not know where to begin. Should a business plan contain financials? How far out do I need to project my financials? And what if an investor or lender tells me that I need five years worth of numbers? Determining the right approach can be a time consuming and challenging process. However, it is worth if it you are serious about securing funding, it is important to figure out how to proceed. Most business plans – five years or otherwise – include the following financials:
• Profit and Loss statements
• Revenue forecasts
• Break even
• Balance sheets
Of course, it is worth nothing that most investors or lenders do not expect that these numbers will be spot on. Because no one has a crystal ball, there is no possible way you could predict projections with any real accuracy. However, they will expect your numbers to be reasonable and viable. That means no pie-in-the-sky projections are million dollar revenue assumptions. Want help creating a five-year continuous business plan that will not scare an investor off? Call the business plan writing experts at MasterPlans at 877-453-2011 for a free consultation and more information about what we can do for you!
