Know Your Numbers
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Read the article: “Know Your Numbers” uploaded in a separate file.
Read the guide: “How to Write the Financial Section of a Business Plan” found here:
https://www.inc.com/guides/business-plan-financial-section.html
Answer the following questions:
1. What 7 Numbers do You Need to Know When Pitching to an Investor?
2. Is a business plan the same as a comprehensive accounting statement? Why or why not?
3. What is the most important reason to compile a financial forecast?
4. What is the value of including a business financial history as part of the financial section of a business plan? For whom is this information meant?
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