Compiling the Financial Section of Your Business Plan

A solid financial plan should always be included within any business plan. Plans for financing the business today and allowing for future growth should be outlined in addition to ongoing operational

needs. Before writing this section, spend time with your accountant, financial advisor, or chief financial officer (CFO) to review the financial structure of your intended business.

The financial section should outline:

• The amount of funding necessary to start or grow the business
• Anticipated funding required over the next two, three, and five years to maintain business operations and allow for growth
• Plans for using funds
• A timeline indicating anticipated additional funding
• If applying for a loan, loan repayment plans

Each element of your initial financing should coincide with the goals and visions of the business as stated earlier in the business plan.