All businesses, whether startup or growing, are required to supply prospective financial data. Most of the time, creditors will want to see what you expect your company to be able to do within the next five years. Each year’s documents should include forecasted income statements, balance sheets, cash flow statements, and capital expenditure budgets. You should develop the Financial Projections section after you’ve analyzed the market and set clear objectives. No business should be started or maintained without a financial plan.
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About The Presenter:
Diana Cescolini spent over 25 years in the electronics industry with a major focus on Military specified connectors. She started her own small business in government contracting with the Department of Defense for 5 years. She has a BA in Business and a MA in Management from University of Redlands. She currently is a Professor of Accounting, Entrepreneurship, Business, & Management. She also owns Biz-Teach, Biz-Educate, and Biz-Accounting.