Business
Plan
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What education and experiences have you had to qualify you for this venture?
How have you prepared for the time, physical and financial demands for this venture?
What will your role be?
What role will other principals and managers have?
Who will make the financial decisions?
Section Two: Financial Considerations
Financial Management
• Explain your source and the amount of initial equity capital.
• Develop a monthly operating budget for the first year.
• Develop an expected return on investment and monthly cash flow for the first year.
• Provide projected income statements and balance sheets for a two year period.
• Discuss your breakeven point.
• Explain your personal balance sheet and method for compensation.
• Discuss who will maintain your accounting records and how they will be kept.
• Provide “what if” statements to address alternative approaches to any problem that may develop.
Financial Data
• Provide financial documents including sources and uses of funds.
• Capital Equipment List
• Balance Sheet.
• Break-Even Analysis.
• Projected Income Statement
• Cash Flow Projections.
• Owners Personal Financial Statement
• Historical Records.
Section Three: Proposal
Financial Proposal
• Thoroughly explain your proposal and financial request to your lender.
Concluding Statement
• Summarize your business goals and objectives. Express your commitment to the success of your business.
• Once you have completed your business plan, review it with a friend or business associate.
• When you feel comfortable with the content and structure, make an appointment to review and discuss it
with your banker. The business plan is a flexible document that should change as your business grows.
Supporting Documents
• Include any additional materials to support your request (blueprints, maps,
photos, articles, industry studies, contracts, leases, letters of support, etc.)
Greater Area Tomah Chamber of Commerce
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