Developing Financial Forecasts for a Business Plan Kim Hostetler Subbu Kumarappan

So, you want to start a business Having a great idea is not enough! Everything needs to be put together in a business plan or business model.business model

Financial Forecasting - Pro Forma Financial Statements Allow us to plan and budget Planning is crucial for success Where are we headed? Did we get there? Need to know Revenue projections Inventory purchases Variable & Fixed costs

Overview of Financial Statements Income Statement Revenues - Expenses Net income Balance Sheet Assets = Liabilities + Owner’s Equity Statement of Cash Flows Cash Inflow - Cash Outflow Net Cash Flow

Financial Forecasting - Pro Forma Financial Statements, continued This can be a daunting task! Using Excel can make it easierExcel

Making your forecasts realistic Compare with industry averages RMA BizMiner IBIS World Meet with Industry ExpertsIndustry Experts

Questions? Kim Hostetler, Subbu Kumarappan,