The Child Care Center Business Plan Workbook Page 15

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