Essay | Financial Plan

Financial Plan

This is the third major section of the business plan.

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You will provide the reader of your business plan with financial documents that will demonstrate how the money will be spent, how this will improve your business, how the loan will be repaid.

Financial Plan

Historic Statements

Statements of Sources and Uses of Funds

Pro Forma Statements

Financial Statement Analysis

This is in a different order than the textbook because you don’t actually have a company, so you need to create the historic statements first.

Financial Plan

Historic Statements

Prepare spreadsheet of three years of operations (2017 – 2019).

Balance sheet – Excel or page 357 has a form

Income statement – Excel or page 359 has a form

Pages 100 – 111 in the textbook.

If your business is a start-up you can skip this part and move on to the Statement of Sources and Uses.

Financial Plan

Historic Statements

Statements of Sources and Uses of Funds

Pro Forma Statements

Financial Statement Analysis

Financial Plan

Statements of Sources and Uses of Funds

Source of Funds: Anything that increase money in a business

Uses of Funds: Anything that decreases money in a business

Financial Plan

Statements of Sources and Uses of Funds

Accounts Receivable goes up (from $2,000,000 to $3,000,000).

Is this a source or use of funds?

Financial Plan

Statements of Sources and Uses of Funds

Your company borrows $4,000,000 from the bank.

Is this a source or use of funds?

Financial Plan

Statements of Sources and Uses of Funds

Accounts Payable goes up (from $1,000,000 to $1,500,000).

Inventory goes down (from $20,000,000 to $18,500,000).

Equipment increases by $3,000,000.

Are these sources or uses of funds?

Financial Plan

Statements of Sources and Uses of Funds

Summary of Financial Needs

Loan Fund Dispersal Statement

These are 2 written paragraphs in the business plan.

Pages 81 – 82 in the textbook.

Financial Plan

Statements of Sources and Uses of Funds

Summary of Financial Needs

Why do you need a loan or investment funds?

How much capital do you need?

Working capital: Short-term loan used for temporary cash flow shortages. Repaid with cash flow.

Growth capital: Loan used to improve the business. Demonstrate an increase in cash flow/profits that will be used to repay the loan over time.

Equity capital: Permanent capital from investor seeking a return (dividends or capital gains). Uses of this capital are permanent.

Financial Plan

Statements of Sources and Uses of Funds

Summary of Financial Needs

Loan Fund Dispersal Statement

These are 2 written paragraphs in the business plan.

Pages 81 – 82 in the textbook.

Financial Plan

Statements of Sources and Uses of Funds

2. Loan Fund Dispersal Statement

How will the funds be used (expansion, marketing, equipment purchase, research and development, acquisition)?

Be specific. Detail the use and what it will do for the company. Explain how this will increase/improve the company.

Financial Plan

Historic Statements

Statements of Sources and Uses of Funds

Pro Forma Statements

Financial Statement Analysis

Financial Plan

Pro Forma Statements

Cash Out & Sources of Cash Worksheets

Pro Forma Balance Sheet

Pro Forma Cash Flow Statement (Budget)

Three-Year Income Projection

Break-Even Analysis

Pages 83 – 99 in the textbook.

Financial Plan

Pro Forma Statements

Cash Out & Sources of Cash Worksheets

Use the forms on page 351 and 352

Pro Forma Balance Sheet

Use the form on page 357 – show 2 – 3 FYE’s

Pro Forma Cash Flow Statement (Budget)

Use the form on page 353 – but change this to 2 – 3 year, don’t do monthly

Three-Year Income Projection

Use the form on page 355

Break-Even Analysis

Use the form on page 356

Financial Plan

Historic Statements

Statements of Sources and Uses of Funds

Pro Forma Statements

Financial Statement Analysis

Financial Plan

Financial Statement Analysis

Pages 112 – 118 in the textbook.

Focus on:

Net Working Capital and Current Ratio – liquidity

Gross Profit Margin – mark-up

Debt to Equity Ratio – leverage

ROI – how successful is your business

Financial Plan

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