Know Your Numbers

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:

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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