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The Numbers in Your Business Plan

Do words like "cash flow," "balance sheet" and "sales forecast" make you cringe? Our business plan coach walks you through the figures you need to make your business plan count.

I was a wordsmith first–before I went to business school and discovered that some things can’t be explained with words alone. Even with all the great thought you’ll put into the text portions of your business plan, a good business plan depends on numbers to make it all real. Without the numbers, it’s only a rough draft at best.

An effective business plan has to include at least three important "pro forma" statements (pro forma in this context means projected). They’re based on the three main accounting statements:

from Tim Berry

Full Story: http://www.entrepreneur.com/article/0,4621,322756,00.html

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