adds value,” says Aiken. “An accountant can also lend insight to the owner in matters that he or she may not clearly understand,” he says. This professional can also flag potentially troublesome numbers.
Since numbers by themselves do not always give a complete picture of your operation’s financial position, you should also include accounting notes at the end of your financial plan. These brief summaries provide further details about the methods used to calculate the figures.
For help in creating and interpreting your financial plan, attend seminars and workshops at your local chamber of commerce or business resource center. You can also visit your local library and bookstore for publications on how to put together a financial package.
Next month, in Part 7 of our business plan writing series, we will help you outline your long-term goals and revise existing strategies in the long-range plan.
Cash Flow Analysis
January 1 – December 31, 19–
|Total cash in||85000|
|Projected cash payments:|
|Payroll & other taxes||900|
|Selling & commission expense||9500|
|Repayment of loan||775|
|Total cash out||65825|
|NET CASH INCR (DECR)||81747|
|Source: The Start of Something Big:
Your Ultimate Guide to Writing A Dynamic
Business Plan, Noted Concepts, San Diego, 1994