Your financial plan needs to be immaculately planned out, as it helps acquire various loans, definesmajor business decisions, and much more. In many cases, you’ll need a professional business plan writer to assist you in write one. Here’s what it should contain:

Projected Income Statement

The income statement is often called the Profit and Loss or P&L statement. Over a specific period, it summarizes the expenses and revenue generated. Generally, these can extend from anywhere from one month to up to two to five years. The projected income statement gives an idea about the forecasted sales and expenses that a business can expect.For a business that’s in operation, the projected income statement needs to be from the 12 months tothe end of the current year’s end, along with a comparison from the previous year.

Projected Balance sheet

A projected balance sheet is also known as a pro forma balance sheet in some sectors. You can find an estimate of the assets and liabilities of a company in this document. Ideally, you can manage your business plans more efficiently by tallying the data from the balance sheet.For the asset section, you have long-term assets and current assets. We include the property, machinery, vehicles, cash in hand/bank, receivables as assets. Similarly, these include non-current liabilities and current liabilities. The various account payables, loans, and working capital you acquire are included in this.

Projected Cash Flow Statement

As the name suggests,a projected cash flow statement determines the cash inflows and outflows of a business. We only count cash items in a cash flow statement. In the simplest terms, cash flow is the money your business makes and spends. A healthy cash flow indicates that your business is doing well, despite any room for improvements, which many lenders and business affiliates like to see. A negative cash flow means that you’re making some mistakes, and if it continues, it can lead to the failure of your business.

Break-Even Analysis

In the beginning, businesses don’t generate enough revenue for a certain period, and during this time, their expenses exceed their earnings. The point at which the business does start making enough revenue that's equal to their various expenses is known as the break-even analysis. It’s an important document as various investors pay attention to when they can expect to be paid back by the lender.Similarly, break-even analysis also helps dictate product or service pricing, production cost adjustment, and cost-cutting calls for the future.

Vancouver business plan writing company, Adept Business Plans Inc. helps you to develop a customized business plan that has all the aforementioned aspects and more for a wide range of funding purposes.Hire a business plan writer that focuses on the right parameters to set youup for success witha customized business plan writing help. If you’re from abroad and planning toimmigrate to Canada as an investor, consider working with Adept for your immigration business plan as well.