The Financial Plan
Sound financial projections are necessary to determine if a business will likely operate at a profit. This module explains how to create an income statement, a balance sheet, and a cash flow statement. These documents are integral parts of a financial plan and crucial when applying for a loan. Prerequisites: Completion of "Using Excel", "Market Research", "The Market Plan", and "Accounting for Small Business" is required. Instructor's approval of previous experience is necessary to bypass prerequisites.
Module: FCE-130, Media: OL, Lessons: 1
Prerequisite: You must have a product or service idea that you plan to turn into a business, in order to successfully complete this course. You will be asked to apply the principles in this course to develop your business concept.