Financial Plan (First Draft)

Build your draft financial plan. You will need to do it for the first two years. Use the Comparable method.

For this week, complete the following:

Complete a list of key financial assumptions that drive your revenue projections, cost of goods sold and operating expenses. Identify 2-3 companies to benchmark (financial information can be found on their annual reports which are public). Include 3 APA style references for your assumptions.

An opening day balance sheet (your balance sheet MUST BALANCE)

A monthly cash flow statement for years 1 and 2

An income statement for years 1 and 2

A chart or graph showing growth from start-up through year 2

Please use the template attached  to build your pro-forma financial statements. Please be aware, the included worksheets do not interact with one another. You will need to enter information on each of the worksheets.

These pro-forma financial statements do not include a graph/chart required for item 5.