FINANCIAL
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Start-up costs
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If applicable, what will you need to purchase to begin?
•
What operating funds will be needed?
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Where will this money be obtained?
•
How much, totally, is needed to successfully cover all start-up costs?
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Cash-flow projection
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Where will your income come from and where will it go?
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Anticipate your income and expenses for a two-year period, month by month
and by year.
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Income statement
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Balance sheet: assets, liabilities, net worth
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Break even analysis
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Revenue versus expenses: how much money do you need to break even?
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Can you make a profit?
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Financing plan
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Will you need to borrow money? How much?
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How will you use it and how will it be repaid?
◊
Identify sources of funds
•
Determine how the program will be funded.
•
Will you seek a bank loan?
•
How much money can you provide?
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