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Things You'll Need

  • Market research for your company

  • Estimates of necessary goods and expenses for your company

  • Computer and spreadsheet software

Creating a Draft of Your Financial Plan

Even though I suggest you have an accountant review and finalize your financial plan, you should prepare a first draft of your financials yourself. Only you know the intimate details of your business concept and understand viable assumptions that have to be made when constructing your financial statements. Further, a potential lender or equity investor wants to see not only that the numbers look good, but also that you understand them. If you can't answer highly detailed questions about how you arrived at your numbers, you aren't going to get your funding.


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