Updating Your Business Plan for 2019 Part 8 - Financial History & Analysis

 
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Updating Your Business Plan for 2019 Part 8 - Financial History & Analysis
Written By: June Bachman ~ 2/1/2019 9:00:00 AM

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Updating Your Business Plan for 2019 Part 1 - Getting Started

Updating Your Business Plan for 2019 Part 2 - Executive Summary

Updating Your Business Plan for 2019 Part 3 - Company Description

Updating Your Business Plan 2019 Part 4 - Products and Services

Updating Your Business Plan for 2019 Part 5 - Marketing Plan

Updating Your Business Plan for 2019 Part 6 - Operational Plan

Updating Your Business Plan for 2019 Part 7 - Management and Organization

Reviewing your business’s financial history will help you make more accurate financial projections. Financing and investor resources consider your firm’s financial history to assess prospects for future growth.

Show information from the past three years’ financial statements as well as the current year-to-date financial statements. Putting all of this financial information into one spreadsheet makes it easy to compare and analyze the financial history. Also enter industry average ratios for comparison.

Include the firm’s year-end balance sheets, operating statements and business tax returns for the past three years, along with the most current balance sheet and operating statement.

Debt Schedule

The Debt Schedule table gives in-depth information not usually included in the financial statements themselves. Include a debt schedule with the following columns for each note payable on your most recent balance sheet.

  • Who to Pay
  • Original Amount
  • Original Date
  • Present Balance
  • Interest Rate
  • Maturity Date
  • Monthly Payment
  • Security
  • Current/Past Due

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