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For instance, if you add another person to the payroll, how many extra sales dollars will be needed to recover the extra salary expense?If you borrow, how much will be needed to cover the increased principal and interest payments?
Completing a business plan is less about the finished product and more about the process of researching and viewing your business in an analytical way, so make sure you take your time when filling this out.
This guide includes business planning tools specifically for nonprofit organizations.
SCORE is a nonprofit association that is dedicated to helping small businesses succeed by providing education and mentorship.
Click here to learn more about their programs and initiatives.
Filling out this worksheet will help you think about your company’s future and what you stand to gain and lose.
View our article on how to prepare a profit and loss statement with examples if you need help filling out the spreadsheet.
Look for significant changes in absolute values or relative distribution of assets, liabilities, or expenses (%). Learn how to analyze your business using financial ratios.
Download Excel File Many financial institutions will require information about your personal financial data for various reasons, including in order for you to obtain a loan.
The payoff for you will be an ability to manage and forecast working capital needs.
Learn how to run a statement of cash flows in Quick Books.