I am seeking the emporium lot space in the selling centre for open the women attire boutique. But each leasing dept. underneath the selling centre have been asked me for the association profils.Yes i did hope for it, though there is the member partial about the “financial “-(cash flow, income as well as change piece statement) i have not thought how to write it?
#I am formulation to use Self-financing though not loan from bank.
# This is my initial emporium plan, as well as i do not open any biz before.Please, can any a single assistance me to compromise this problem?
Thank you
HOW TO WRITE A FINANCE STATEMENT IN A BUSINESS PLAN?
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Since you haven’t had a business previously, the shopping centre is going to be most concerned with your personal finances right now so that can determine if you will meet the terms of any lease you enter into. So you need to prepare personal financial statements. Now, they may also want to see projected financial statements for the next 2-3 years for your proposed business.
They are asking you for this information for your proposed business in order for them to assess the stability, viability, profitability, and worthiness of your business.
You need to prepare your best estimate of what you expect:
Projected income and expenses (income statement), how much you have in assets, investment, debt, loans, etc (balance sheet), and estimate your sources and uses of funds (cash flow statement).
Since your have no prior biz, you will need your best estimate – maybe talk with others who have done same biz before, etc.