Wondering about the start up summary for business plan? In this section of the financial model, you need to show how much capital you're seeking and the uses you'll put it to for start up. It typically precedes all other financial tables, and sits in the business plan immediately after the end of your Executive Summary. The start-up summary gives an investor or bank officer a quick gloss on how you'll allot your initial funding and what the ratios are of loan to investment. Traditionally, start up expense categories will include all of the following:
Legal fees
Stationery
Brochures
Consultants
Insurance
Rent
Research & Development
Advertising/Marketing
Franchise Fees
Your start up summary should also list out the assets you will need to purchase (computers, furniture, etc.) and the inventory you need to acquire. The table should also demonstrate the total amount of cash on hand you need to open. Most start-up summaries will show a bar graph that equilibrates start-up funding and start-up expenses and shows the amount coming from different sources. While this is a vital piece of the financial pro forma, it is only the first component in an integrated 3-year of 5-year plan. If you need help putting this together or have questions about the start you've made, call MasterPlans for guidance. We have a full team of financial experts who have worked with Excel for years. We can help you with your start-up summary no matter what business you're in. Call us today at 877-453-2011.
