This financial plan for startup business template is designed to assist startups and existing businesses. It allows them to take charge of their business’ financial analysis. The financial plan template will assist you to make financial projections up to 12 months to 10 years. You simply need to edit the excel template with your products/ services and other necessary costs.
Financial Plan for Startup Business Template
To use this template, click on the Edit Template button to enlarge the business plan financial template. After the template opens, enter your products (maximum of 6 products), costs and selling price.
NOTE: Products, prices and costs entered into the financial plan for startup business template are on monthly basis. For example, if you are into cassava production, you will enter the quantity you will produce every month.
Are you into Pig farming or fish farming? Use the business plan costs calculator to get the monthly prices of your products. Please, use the comment section or contact form if you are confused, we will help you unravel the problem.
Contents of the Financial Plan Template
The financial plan for startup business template has for sections:
- The instructions section: This is where you are instructed on what to do with the template, and how to enter your financial data. Though the instruction is not detailed on how to queue in your data individually, it is helpful at the start.
- The Data Entry Section: This is the only editable section of the financial plan for startup business template. Here you will be able to enter all your financial data. You will edit products, direct material costs, administrative costs, asset costs, loan and grants, and business tax rate. The business plan financial template is prepared so you can specify the month any particular item will begin. Each section of the data entry section is self-explanatory; if you encounter difficulties, use the comment to inform us. We will surely attend to you as soon as we can.
- The Cashflow section: This section displays a 12-month cash flow based on the data you entered in the data entry section. You cannot edit this section. Any adjustment must be made in the data entry section.
- The Income Statement section: This section displays a 12-month income statement based on the data you entered in the data entry section. You cannot edit this section. Any adjustment must be made in the data entry section. This section will tell you if your venture is profitable or not.
We are working to include a 10-year cashflow, 10-year profit and loss statement, and balance sheet. When added to the financial plan for startup business template, it will become more useful for financial projections. We believe that the templates when prepared will assist startups and existing businesses to build a formidable financial plan for success. This template will also help you to seek a loan from any financial institution. We prepared it to accommodate those seeking loans. You will be able to know how much interest you will pay at any given month. Note that we used a simple interest rate. In actual sense, you will pay less subsequently after your first repayment. This is because the amount you paid will be factored-in in the next month. Is there a need for us to compound the interest rate in the financial plan for startup business template? Please, do intimate us.
If you have any suggestions on how to improve the template, and how we can make it serve you better, please, let us know. Remember, this template is for those who produce or sale a maximum of 6 products. It can work for products less than six.
What do you think, is this business plan financial template helpful? Let us know in the comment section.