For a startup business, planning is key to developing a thorough understanding of the target market, competition, market conditions, and financing opportunities.Comprehensive planning will include identifying startup costs, as well as examining financial resources and future projections.
This free 4 page Excel business plan financial projections template produces annual income statements, balance sheets and cash flow projections for a five year period for any business.
The financial projections template is available for free download below.
If you do spot a mistake in the projected financial statement template, please let us know and we will try to fix it.
He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries.
He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own.
He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.One key reason for startups to develop sound business plans is to convince investors and lenders to finance the endeavor.Most banks and investors will want to see detailed financial projections and a statement of your current personal and business financial standing.The final page of the financial projections template contains a selection of useful financial ratios for comparison purposes, together with revenue, net income, cash balance, and cumulative free cash flow by year in graph form for easy reference.If you want to know how to use the financial projections template, then we recommend reading our How to Make Financial Projections post, which explains each step in detail.Business plans are tailored to fit a specific type of business and to serve a particular purpose, whether it’s to seek funding, influence a particular audience, or develop strategy for internal use.While you’ll need to continually revise plans need to fulfill a certain function, there are similar elements in all business plans.Planning encourages entrepreneurs to examine each step required to start a business in order to avoid mistakes in the long run.Collecting data through market analysis can allow you to confidently make informed decisions and provide a dose of reality to your business idea by affirming or challenging initial assumptions about your product, business model, or strategies for achieving success.The financial projection template will help you to carry out your own financial projections and test your business idea.Simply amend the highlighted input elements to suit your purposes, and the financial projections template does the rest.