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This section covers the three major financial statements: the income statement, statement of cash flows, and balance sheet. For those without a financial background, professional assistance is recommended, and the Small Business Development Center offers advisors who can help complete this section for free. It’s essential to include the assumptions used for projections in the business plan. Additionally, provide a sources and uses of funds statement to outline where the funds are coming from and how they will be utilized. For example, of the $40,000 needed, $10,000 is contributed as owners' equity, which represents the owner's investment in the business.
