Do you have a good idea but helpless with Numbers- Irish Business plan experts

Do you have a great idea but struggle with the numbers? Number is an essential element of any business plan. In Dragon’s Den TV show, you would have found some entrepreneurs not knowing their numbers.

They say picture is worth thousand words, same is true for numbers They reveal the story of a business.

Great ideas can be pitched but without numbers i.e making a commercial sense and how to make money, story is not complete. Without numbers business is no more a business but a “Hobby”.

Its never too late to learn numbers.

In business plan, the readers have a key interest in Profit and Loss Account, Balance sheet and Cash flows.

Profit and Loss Account present simply Income and Expenses. What it reveals is how much money business will make in year 1, 2 & 3. Enlisting realistic and specific items of income and expenses is hugely important. Also, it will help the business man to know if despite great idea this business will generate money or not.

Balance Sheet simply show the assets which business owns and liabilities it owes to third Party and capital owed back to the investor.

Cash flow is the third important aspect of business plan interms of financial projections. What the readers interested is to see if the business can be run based on injections of cash at different times and how it generates the cash and timing of incurring the expenses. Timing of inflows of cash and outlays is another interesting aspect. In business plan it is imperative that well thought out projections about the cash flows and their timings are presented.

Finally it is important that numbers are aligned with the story in the business plan.

For help in numbers and other key analysis for business plan, our experts are happy to help. Email us at info@irishbusinessplan.com.

Or contact 0851477625

Date Listed : 19/03/2016

Location : Limerick, Munster :

Phone number : 0851477625

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 August 9, 2017 ·  
 Tags: , , , , ,  · Posted in: Ireland.Defipedia.org