By Connie D at August 30 2019 06:52:14
Financial Plan _ What is the anticipated income? What are the cash flow projections? What is the anticipated budget over the next 3 years? What is the break even point? When is it anticipated to be met? What funding is needed and where will it come from? What funding is currently available? What collateral is available? What is the net worth of the principals, if applicable? Possible Data Sources: accountant; accounting software; Small Business Administration; Small Business Development Center; SCORE; banks; venture capitalists.
But most likely you would need to increase your fixed expenses because you're going to probably have more rent, utilities, or such as your business grows. So, you would simple put in your new fixed expense number in place of the existing one for each of the years you would be planning for. So, you see if you decided you wanted a 35% profit margin at year 5 then you could see how much sales it would take to give you that. Now it's also important to know how many more customers you would need as well so you should always look at that unless you have another way of growing your sales other than with new customers.