Milestone Four: Financial Plan ( Based on beauty salon)
In 4-3 Final Project: Business Plan Milestone Four: Financial Plan, you will submit Milestone Four. The format should be:
- A financial plan in which you demonstrate that your business can be viable and profitable. Existing businesses can use historical data, whereas start-ups will use projections based on your “best estimates.”
- Your financial plan should include the following information:
a) sources and uses of capital (where your money is coming from and how you are going to spend it).
b) cash flow projection.
c) balance sheet (assets owned and liabilities owed).
d) profit-and-loss statement (sales revenues and expenses, either actual or estimated).
e) break-even analysis (how much product you need to sell to cover your expenses).
- Submit your financial plan either in paragraph format or in chart format in one to two pages.