Business Startup Plan

Preparing this information for inclusion in your business plan will help you gain the trust of these individuals.

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Here is the information you need to include in your financial plan: This financial statement should include all of the equipment, supplies, and other items you will need to purchase for startup, as well as fees and licenses, deposits, initial expenditures for advisers, and costs for creating your business structure.

You will need to prepare a pro forma (projected) income statement (P&L) for the first three years of operations, showing income and expenses, along with pre-tax income, tax liability, and after-tax income for each of these years.

Include information about the key advisers for your business, including consultants, your CPA or financial advisor, attorney, insurance agent, and banker.

If you have not selected some of these individuals, discuss the qualifications you will be looking for to fill these positions.

It just won't be as helpful, since each business is unique.

You want your plan to be a useful tool for starting a business—and getting funding if you need it.

Describe the owners and management of the business, along with the expected number and types of employees who will be working in the business.

This will be a very brief description; you'll be doing a more detailed management plan in a later section.

If your business is in your home, describe the space you will use.

Discuss whether this location will be purchased or rented and the terms for purchase or rental.