The financial plan section of the business plan should show that the proposed business can be self-supporting and ultimately, profitable. To do this, the entrepreneur needs to fully consider the company’s financial outlook. Our Unit 4 assignment will accomplish just that. Please keep in mind, this assignment can be leveraged to aid you in completing the financial plan section of your final project business plan in Unit 8.
Create a financial statement for your new business venture. Using the Excel template provided, and based on surveying a specific marketplace, make a best guess estimated statement exhibiting profit and loss. There are 38 blanks to fill in. Our Rubric has two criteria (accuracy and correctness): You will earn one point for filling in each entry and one point for your data being accurate. In business, accuracy counts, so please include a word document that describes how you arrived at the numbers used in your income statement. Make sure you check and recheck your numbers before submitting your financial statements. Requirements: • Complete all sections of the Excel template • Provide accurate numbers in all areas of the Excel template • Accuracy word document should be 1-page, double-spaced. There is no expectation that the document would exceed 2-pages in length. • Provide a reference page, cited in APA format, for all resources leveraged to estimate the numbers you provided on your income statement.
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