The Video Transcription:

  1. There should be a summary of the projection in the financial details of the business plan.
  2. There should be monthly projections for the first year of operations.
  3. Three-year projections – suffice – in the first business plan.
  4. The sales forecast should be detailed and explained. And I don’t mean “1% of 1 billion market, therefore we’ll easily achieve 10 million sales”. Nobody believes that anymore.
  5. There should be profit and loss account projections detailing out the profit and loss accounts.
  6. There should be detailed cash flow forecast for the business plan.
  7. There should be detailed pro forma balance sheet at the end of each year’s projections included in the business plan.
  8. There should be an explanation of the utilisation of the funds being applied for or requested what exactly the business will do with these particular funds included in the financial details of the business plan.

Download the “Business Plans/Seminar” PowerPoint Presentation below.

David Murray

David Murray

David is a fully and Highly Qualified Financial Accountant with an unblemished record for almost 30 years.

David has an extensive Academic Record including, inter alia – Gold Medal College of Commerce – First Place Chartered Accountancy (ROI) – Fastest Graduate to Qualify.

David has written many articles on International Trade Finance in Magazines and Sunday Business Newspapers. In addition, has been Late Late TV Show Tested on cases referred by them.

David has extensive Business Experience particularly in Property, Construction, Manufacturing, Equipment, Telecom, Service Companies, SME Sectors in Ireland, UK, Dubai, Poland, etc., Agent in Ireland Bank of Iran, Plc Bank Seminars “Finance for Builders”, etc., etc.

View all posts