Your Financial Plan

1. Have you created projected income statements for three years for your business?
              yes q            no q
2. Have you created projected balance sheets for three years for your business?
              yes q            no q
3. Have you developed estimates for your one-time startup expenses?
              yes q            no q
4. Have you developed estimates for your on-going business expenses?
              yes q            no q
5. Can you analyze your company's financial statements using ratio analysis?
              yes q            no q
6. Do you know what your company's breakeven point is?
              yes q            no q
7. Have you reworked your startup cost estimates to see if you can lower your breakeven point?
              yes q            no q
8. Do you know how long your company's cash flow cycle is?
              yes q            no q
9. Have you developed a cash budget for your company's first year of operation using a pessimistic, optimistic, and most likely sales forecast?
              yes q            no q
10. Have you developed a plan for collecting your accounts receivable promptly?
               yes q            no q
11. Have you set up a functional system for paying your accounts payable on time?
               yes q            no q
12. Have you set up a system for monitoring your company's inventory?
               yes q            no q
13. Do you know how much inventory you should have?
               yes q            no q
14. Have you developed a plan to avoid the "cash crunch?"
               yes q            no q

Before You Start: A Basic Checklist	Business Plan Evaluation Scale	Small Business and Entrepreneurship Resources	Small Business Management Audit	Feedback	H o m e

© Prentice-Hall, Inc. A Simon & Schuster Company Upper Saddle River, New Jersey 07458

Legal Statement