Financial Analysis Document -
My business Name is : Sundry Boutique
Services include : hairstylist, nail technicians, and esthetician services.
need help ASAP. Thank you !!
(Do not wait to begin on this part of your plan as this can be the most difficult part of your plan). No submissions here. This is due in the next module. One of the most important parts of the business plan is the financlal cata presented. This data is used by potential lenders and investors to determine if the business can succeed and sustain enough growth over time to cover its financlal obligations and to provide a suitable return to all stakeholders. We will focus on four key financial reports: 1. Start up Costs for the first month (include amount, use, and supplier) 2. Balance Sheet for the start up year 3. Income Statement (Profit \& Loss Statement) for year 1 4. Cash Flow Statement for year 1 Use both texts and the various examples on the web or any other research resource you wish to help you develop these reports, Do your research so that the numbers you provide in your financial reports are as close to "real world" numbers as possible. One of the most important analysis to do in beginning a business is to project exactly how much money it will take just to start up - open the doors for business on day 1. Many entrepreneurs overlook this cost of doing business in their financial projections, These costs are very important as they represent cash cutiays that must be made prior to actually opening for business. To get you started on your financial analyzes, 1 want you to develop a start up cost analysis. These numbers shouid be as "rear as you can make them. Do your research and see what dollars you are looking at for your business just to open up one day. I have attached an example of a simple start up cost sheet as assignment \#6a for a small fitness center. Use this plus the information in your texts as guides. I have attached an example of a cash flow statement for Brewer's Bakery and a blank cash flow form that you may use as a tempiate for compling your cash flow information. I have aiso attached examples of a Profit and Loss statement and a Balance Sheet, You will find a good example of the Source and Use Statement in the "Buliding A Business Plan" text as well as simple examples of the other 3 statements