Get a professional business plan template at no cost. Any funder worth his or her salt wants to see it right off the bat. Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows.
How to use Financial Plan Model Inputs Use the Model Inputs sheet to enter information financials template for business plan your business that will be used to model results seen on the other pages. Forecasted Revenue The forecasted revenue section allows you to estimate your revenue for 4 different products.
Simply use the white boxes to enter the number of units you expect to sell, and the price you expect to sell them for, and the spreadsheet will calculate the total revenue for each product for the year.
If you want to give your products names, simply type over the words "Product 1", "Product 2" etc. Cost of Goods Sold Your margins are unlikely to be the same on all of your products, so the cost of goods sold allows you to enter your expected gross margin for each product into the white boxes in Column B.
The spreadsheet will automatically calculate the annual cost of goods sold based on this information, along with your forecasted revenue.
Annual Maintenance, Repair and Overhaul As the cost of annual maintenance, repair and overhaul is likely to increase each year, you will need to enter a percentage factor on your capital equipment in the white box in Column B. This will be used to calculate your operating expenses in the profit and loss sheet.
Asset Depreciation Use the white box to enter the number of years you expect your assets to depreciate over. This may vary greatly from business to business, as assets in some sectors depreciate much more quickly than they do in others.
Tax In most parts of the world, you will have to pay income on your earnings. Enter the annual tax rate that applies to your circumstances in the white box in Column B. If you have to pay any other taxes, these can be entered later on the Profit and Loss sheet.
Inflation Although you cannot be certain of the level of inflation, you will still need to try and plan for it when coming up with a 5-year financial plan. The International Monetary Fund provide forecasts for a number of countries, so is a good place to look if you are unsure what to enter here.
Simply enter your inflation rate in the white box. Product Price Increase As a consumer, you are no doubt aware that the price of products goes up over time. Enter a number in the white box to show the expected annual price increase of your products to enable the spreadsheet to calculate income in future years.
If you are unsure what to put here, increasing your product price in line with inflation is a good starting point. If your business is just starting out, you may be able to command higher prices for your products or services as the years go on, as you build up brand recognition and a good reputation.
Funding The funding section allows you to enter information about your business loan. To use this section, simply fill in the three white boxes representing the amount of the loan, the annual interest rate and the term of the loan in months - for example, 12 for 1 year, 24 for 2 years, 36 for 3 years, 48 for 4 years, or 60 for a 5 year loan.
Profit and loss This sheet calculates your profit and loss for each year over a 5 year period. The profit and loss assumptions, along with income, are automatically calculated using information entered in the model inputs sheet.
Non-Operation Income You may have, or be expecting some income in addition to your operating income. There are pre-entered categories for rental, lost income and loss or gain on the sale of assets, as well as an additional row where you can enter your own non-operation income.
Operating Expenses Some parts of this are already filled in based on information you put on the Model Inputs, for example, depreciation, maintenance and interest on long-term debt. Years are also filled in for you across all categories based on the inflation information entered in the Model Inputs sheet.
Non-recurring Expenses This section is for entering any expenses that you will not be paying on an annual basis. The Unexpected Expenses row allows you to enter a contingency for unexpected expenses, whilst the Other Expenses row allows you to enter any other one off expenses you may be expecting to make, for example the purchase of new equipment part way into your 5 year plan.
Taxes Income Tax is filled in based on the information you enter into the model inputs.
Depending on where your business is based, you may find yourself having to pay other taxes.Business plans in financial statements are the key documents that show the financial stage of your business and give glimpse of future that where it will stand in coming years.
Dec 13, · Expert opinions may vary, but in general there are some standard financial statements and analyses that a business plan should include/5(16). The business plan financials Excel template automatically creates a cash flow statement and a statement of sources/uses of funds.
The model links them to the . Elizabeth Wasserman is editor of Inc.'s technology website section to create pie charts or bar graphs that you can use elsewhere in your business plan to highlight your financials, your sales.
9+ Sample Financial Plan Templates. Planning finances is a challenging yet simple task that falls on a financial planner, who estimates a required capital and determine competitors. Its importance cannot be downgraded: financial planning entails setting up your policies on investment and procurement.
Business Plan Template – + Free. Download a free 5-Year Financial Plan template, which helps when planning a launch of a new products with involvement of a long-term financing. 5-Year Financial Plan includes, Profit and Loss, Balance Sheet, Cash Flow and Loan Amortization.