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What does the financial section of the business plan look like? Nothing works without money, which is why financial planning is at the core of every business plan. The financial section of the business plan should address the following points: How much money will you need in the startup phase, and from what sources do you plan to get it? To clarify this point, you need a "capital requirements plan" which covers all long, medium and short-term investments, running costs during the startup phase and all initial setup costs. You also need to outline the revenue and costs you can expect over the next three years. This calculation shows how much profit you can expect to realize in this period. A three-year "revenue and profitability forecast" summarizes this information. The figures must stand up to plausibility checks. Sound financial planning also includes a "liquidity plan". A company is liquid – or solvent – if it has sufficient revenue, reserves and/or credit facilities to cover its...