Build your draft financial plan. You will need to do it for the first two years. Use the Comparable method.
For this week, complete the following:
Complete a list of key financial assumptions that drive your revenue projections, cost of goods sold and operating expenses. Identify 2-3 companies to benchmark (financial information can be found on their annual reports which are public). Include 3 APA style references for your assumptions.
An opening day balance sheet (your balance sheet MUST BALANCE)
A monthly cash flow statement for years 1 and 2
An income statement for years 1 and 2
A chart or graph showing growth from start-up through year 2
Please use the template attached to build your pro-forma financial statements. Please be aware, the included worksheets do not interact with one another. You will need to enter information on each of the worksheets.
These pro-forma financial statements do not include a graph/chart required for item 5.