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Jemshah
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Asked: 2023-01-02T18:06:45+00:00 In:

Andrew is in the process of writing the financial plan section of his business plan. State four types of information that he should include in this section. (4 marks}June/July 2020

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Andrew is in the process of writing the financial pian section of his business plan.
State four types of information that he should include in this section. (4 marks}June/July 2020

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    Enlightened
    1. Financial projections: Andrew should include detailed financial projections for the business, including projected income statements, balance sheets, and cash flow statements. These projections should be based on realistic assumptions about the business’s revenue and expenses.
    2. Capital requirements: Andrew should outline the capital requirements for the business, including any funding that will be needed to start or grow the business. This could include loans, investments, or personal funds.
    3. Use of funds: Andrew should explain how the funds raised will be used, such as to cover operating expenses, invest in equipment or inventory, or pay off debt.
    4. Financial goals: Andrew should state the financial goals for the business, such as profitability or revenue growth, and explain how these goals will be achieved.
    5. Break-even analysis: Andrew should include a break-even analysis, which shows the point at which the business’s revenues will equal its expenses and the business will start to make a profit. This analysis will help to show investors or lenders the level of risk involved in the business.
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