We make more assumptions in business plans than you might realize. These assumptions attract potential investors, help secure bank loans and help put you on a path to having a profitable venture. Before making serious decisions about your startup, you must examine the key assumptions in your business plan. Every business plan is filled with assumptions. The most important of these assumptions are called key assumptions, and potential investors usually need to see this information before they decide to put in money. Business plan assumptions examples range from financing, consumer base and profitability to management and resources.
Also available is a completely free version, Exl-Plan Free , which is identical to Basic but projects for just two years ahead. Details and free download. Get details and download trial copies. PlanWare's Online Business Planner allows a visitor to submit financial assumptions for a new or existing business and to receive fully-integrated five-year financial projections as an Excel spreadsheet file via email. The supplied output comprises five-year income statements, cashflow forecasts, balances sheets and ratio analyses.
All financial projections are based on business plan assumptions. Listed below is a selection of the most important assumptions which need to be considered and decided upon when using the Financial Projections Template to produce the financials section of your business plan. This is not an exhaustive list of business plan assumptions, the assumptions used in your financial projection will inevitably depend on the type of business, and the economic climate in which it is being operated. Remember this is planning not accounting.
A business plan is all conceptual until you start filling in the numbers and terms. The sections about your marketing plan and strategy are interesting to read, but they don't mean a thing if you can't justify your business with good figures on the bottom line. You do this in a distinct section of your business plan for financial forecasts and statements.