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Option #1: Financial Plan for New Business Consider your chosen entrepreneurial

by | Jun 23, 2022 | Business and Management

 

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Option #1: Financial Plan for New Business
Consider your chosen entrepreneurial opportunity. Write a financial plan for the opportunity. Actual amounts are not required; rather, realistic estimates can be used. The plan should include the following:
Three-year pro forma income statement
Three-year pro forma cash flow
End of first year balance sheet
Break even analysis
(Further description of these sections can be found in Chapter 10 of the textbook.)
Then, answer the following questions:
How do the components of the financial plan relate to each other?
What can an entrepreneur determine by analyzing the financial plan?

 

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