Your friend is getting ready to write a business plan for a new business. Your friend told you the plans are to prepare the financial statements first to get that job out of the way before the rest of the plan is developed. Explain the flaw in this approach. What value does it provide the entrepreneur to write the financial section as the last part of the business plan? Respond to at least two of your classmates’ postings.
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While the financial portion of your business plan is the most important part of a business plan, especially anyone looking to start a new business or locate financing, it is very important to write the financial projections last. The plans that have been developed in previous sections, such as the sales, marketing and salary projections, are needed to develop the financial section of the business plan (Barringer, 2009). These previous sections are often referred to when creating the pro forma financial projections of the business plan. Additionally, having the financial plan gives the entrepreneur something to refer to for current and future financial needs. Honestly, I will,,,,,,
The fiscal division of a commerce strategy is one of the most important elements of the program. Two significant elements for the fiscal division consists of a sight for the creditors or great creditors exhibiting how a company will enhance and a chance on the edge for out going strategy. Though, if one is not looking for external funding, it assists gathering a prediction to effectively navigate one’s company. One of the largest blunders is not monitoring a commerce strategy closely. It assists to interpret the outcomes of running a
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business. The strategy should remain continuous and active credential that g.,,,,,,,,,,,,,,,,,,
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