Chapter 6

Number crunching


With your proposition, goals and strategy all now clear in your mind; it is time to produce your financial plan. The aim of this plan is to enable you to assess your start up needs, provide confirmation that your venture can work as a business model and to act as a working tool for you to manage the business through the early days.

The financial plan will form the backbone of any formal overall business plan you produce for potential bankers, investors or other stakeholders in your business. In this chapter we will give some guidance on the production of what is effectively your budget, a key element of the final, ...

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