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The financial plan is a crucial component of a business plan, outlining projected revenues, costs, anticipated return on investment, and available financial resources to attract investors and lenders. It details the business's historical financial state, if applicable, alongside future projections. Key elements include assumptions used for projections, three primary financial statements (income statement, cash flow statement, and balance sheet), break-even analysis, funding requests, and exit strategies. For startups, it should list startup expenses and assets, while established businesses need to provide financial statements from the past three years. Additionally, a prospective outlook for the next three to five years must include forecasted financial statements and capital requirements.