ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The financial section of your business plan should include a sales forecast, expenses budget, cash flow statement, balance sheet, and a profit and loss statement.

Detailed explanation-2: -These projections are forecasts of your cash inflows and outlays, income and balance sheet. They show bankers and investors how you will repay loans, what you intend to do with your money and how you will grow.

Detailed explanation-3: -What are Projected Financial Statements? Projected financial statements incorporate current trends and expectations to arrive at a financial picture that management believes it can attain as of a future date. At a minimum, projected financial statements will show a summary-level income statement and balance sheet.

Detailed explanation-4: -Financial projections are an important part of your business plan. The projections give investors and lenders an idea of how well your business is likely to do in the future. Financial projections include both income statements and balance sheets. Financial projections are important for a number of reasons.

Detailed explanation-5: -Financial goals. Net worth statement. Budget and cash flow planning. Debt management plan. Retirement plan. Emergency funds. Insurance coverage. Estate plan.