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Canadian Small Business Plan
10 Steps for Simplifying Business Plan Financial Statements
Author: Michael Elia
For most business owners and entrepreneurs, preparing, and communicating the financial statement section of a business plan is like trying to give driving directions to someone who doesn't speak the same language.
"Numbers" is the language most investors speak. But, it is also the language that many business owners and entrepreneurs don't speak or understand.
So how do you bridge this gap?
1) Understand there is a difference between "crunching" or preparing the financial statements and presenting them.
Preparing business plan financial statements often requires expert knowledge of double-entry accounting, taxes, merger and acquisition accounting, and finance. Skil...
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