Whether you geek out on crunching numbers or you hate anything related to math, you want credible financial projections to prove your cost and revenue assumptions. We simplify the process. A business plan typically has two parts.
The narrative (written portion including executive summary, operations, marketing, and team).
Financials pro forma (projections), three or five years with monthly detail.
For a start-up, financial projections are only an informed estimation, a speculation for one aspect of your total potential value. Nevertheless, financials need to be carefully considered and reasonably detailed. Financials should clearly convey your business model, market potential, and operational expenses. Doesn’t need to be complicated.
Inspired by sound accounting principles (referred to as GAAP, Generally Accepted Accounting Principles), financial projections let a bank or investor (or wealthy uncle) know that you've considered all key details for prudent expense management and realistic revenue estimates. The term pro forma is simply Latin for “as a matter of form,” and for business plans, it refers to Excel spreadsheets itemizing monthly estimations via Income Statement, Operating Expenses, Cash Flow, and Balance Sheet.
For an existing business, financial projections serve a more critical function based on your financial history. How you've managed your finances defines your business savvy. Beyond past performance, your business plan narrative and financial assumptions need to work together to support the next level of success.
We can do simple snapshots or basic monthly projections, or we have MBA/CPA financial modelers for very complex projections. We can also work with your CFO or accountant if they're doing your financials. We scale to meet your need.
“I’m paying a bonus for your great work on tricky financials. Thank you!”
