Business Plan Financial Template for Startups

Business Plan Financial Template for Startups

Do you how to write a financial plan for a business plan? Writing the financial plan section of a business plan usually requires some efforts. But, the efforts you will have to give into writing a good financial plan for your business will always prove helpful towards the success of your business. Why is that?

For one thing, the financial plan section of your business plan is what will help you determine whether or not your business idea is quite feasible. More so, it is the major determinant in your business plan which will either attract investors into your business or turn them away.

The financial plan section of a business plan is basically subdivided into three major financial statements; this is particularly true for start-up businesses. The first financial statement is the income statement. Next are the cash flow projection, and then the balance sheet.

However, for the purpose of this article, we will consider these major financial statements of the financial plan one at a time, after which, we would take a look at a typical business plan financial template for start-ups.

How to Write the Financial Section of a Business Plan

Income Statement

This is one of the three most important financial statements which you must include when writing the financial plan section of your business plan. The purpose of the income statement is that it displays all your sales revenues, your expenditures as well as the profit made for a particular year or a particular period of the time.

It is this income statement that gives you insight as to whether your business is making profits at that particular period under consideration or not. In other words, the profitability (revenue – expense = profit/loss) of your business at that particular period is the income statement of your business at that particular period under consideration.

For some companies, the income statement is usually prepared every year or every three years. As a start-up business, the income statement of your business could be prepared monthly, or yearly, depending on the duration you would like to observe the revenues and expenses of your business.

Cash Flow Projection

This is another financial statement which you will have to include in your business plan financial template. This statement gives a clear picture of how cash flows in and out of your business.

The cash flow projection should not be mistaken for the cash flow statement.  The cash flow projection is quite different from the cash flow statement in that the cash flow projection displays the anticipated cash to be generated or spent over a particular predetermined period of time to occur in the future. The cash flow statement however, helps you see how cash flows or comes in and out of the business.

With the help of the cash flow projection, you will be able to know when your expenditure is too high or when it would be right to plan for a short term investment in times of cash flow excesses. Also, this statement will help you to know the amount of capital investment you would require for your business.

In the case where you would want to use your business plan to obtain a loan from the bank, the cash flow projection would help the bank to know if your business would be a good credit risk, and whether your business holds the potential of generating enough cash.

Balance Sheet

This is the last of the three most important financial statements of which you must particularly include in your business plan. This balance sheet serves the purpose of presenting you with a picture of the net worth of your business at a particular period of time.

Basically, what this financial statement does is to provide you with a summary of the financial data of your business which are the assets, liabilities, and equity.

Your assets are what your business own. Your liability is the debt owed by your business to a creditor, while equity is the net difference you would get when you have subtracted your total liabilities from your total assets.

Having known the three major financial statements which must be contained in a good financial plan, let us have a look at a typical business plan financial template for start-ups.


Steven Scott’s Car Towing Company

Income Statement

-Profit and Loss

YEAR 1          YEAR 2          YEAR 3

Sales                                                   US$0               US$0               US$0

Cost of Sales                                       US$0               US$0               US$0

Others                                                 US$0               US$0               US$0

TOTALCOST OF SALES                US$0               US$0               US$0


Payroll                                                   US$0               US$0               US$0

Sales and Marketing                           US$0               US$0               US$0

Leased Equipment                              US$0               US$0               US$0

Depreciation                                       US$0               US$0               US$0

Net Profit                                            US$0               US$0               US$0

Net Profit/Sales                                  0%                   0%                   0%


– Projected Cash Flow

YEAR 1          YEAR 2          YEAR 3

Cash Received                                                  US$0               US$0               US$0

Cash from Operations                                    US$0               US$0               US$0

Cash Sales                                                         US$0               US$0               US$0


OPERATIONS                                   US$0               US$0               US$0

Expenditures from Operations           US$0               US$0               US$0

Cash Spending                                        US$0               US$0               US$0

Bill Payments                                          US$0               US$0               US$0


OPERATIONS                                   US$0               US$0               US$0


– Projected Balance Sheet

YEAR 1          YEAR 2          YEAR 3

Assets                                                  US$0               US$0               US$0

Current Assets                                   US$0               US$0               US$0

Cash                                                     US$0               US$0               US$0

Other Current                                     US$0               US$0               US$0

Assets                                                   US$0               US$0               US$0

TOTAL CURRENT ASSETS      US$0               US$0               US$0

Liabilities and                                    US$0               US$0               US$0

Capital                                                 US$0               US$0               US$0

Current Liabilities                              US$0               US$0               US$0

Current Borrowing                             US$0               US$0               US$0

TOTAL LIABILITIES                   US$0               US$0               US$0

Note: This financial template has used blank financial figures. This financial template is only intended to serve as a suitable template, and act as a guide towards helping you write a financial plan for your business plan.

More Business Opportunities:

It's only fair to share...Share on FacebookShare on Google+Tweet about this on Twitter
Join 80,000+ Other Members To Access Small Scale Business Ideas and Business Plan PDF. Get Information on Franchise Startup Cost, Price and Fee. Start a Business Today!

How Much Does it Cost to Start? Find out!

Enter your email address:

Leave a Reply

Your email address will not be published. Required fields are marked *

three × 2 = © 2011 - 2017 | All Rights Reserved.
error: Content is protected !!