Financial plan
Your financial plan is meant to help you understand what your expenses are, what it will take to be profitable, how much cash you need to keep on hand, and what you will be doing with any funding. You don’t need to have actual financial data at this point.
To help you develop this section, try to answer these questions:
- What are your sales expectations for the next year?
- What expenses are necessary to operate?
- When will you become cash flow positive?
- How much cash do you need upfront to fund growth?
- How will you use the loans or investments? What funding is necessary for specific endeavors?
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