How To Start Up Business

I am preparing a start-up business proposal, what should I do on the financial section?

I have a new business idea few weeks ago and want to write a start-up business proposal for funding. However, I have no experience on preparing business plan. I found it is difficult for me to prepare the financial section, as this section requires to offer financial statements like balance sheet, cash flow and income statement, etc.

Your financials will be projections of future sales/expenses. Future Sales come directly from the Market section. Your Target Market numbers are where you will begin to estimate your 1st month sales, 2nd month sales, etc. You should make lists of: Fixed & Variable Expenses, Fixed Assets Needed, Miscellaneous Assets Needed. These amounts will then be placed in your Cash Flow spreadsheet. Also, do a Breakeven Analysis to calculate how many sales are needed each day/month or hour. Your local library will have some books in the reference section with examples. Good Luck

Business Start-up Money