In the final section of this article we will be further addressing the structure and content of a business plan, with the inclusion of Financial Projections and providing further feedback.
10. Financial Projections
In the final section of your business plan, you’ll outline the financial goals and expectations that you’ve set for the business, based on market research. Detail your anticipated revenue for the first 12 months and your annual projected earnings for the second, third, fourth and fifth years of business.
Every company is different so your business plan will be unique to your business circumstances and might look nothing like another businesses. There are key components that every good plan needs to have, and it’s always pertinent to provide a clear and accurate summary of your business goals in your business plan.