To expand as a small business owner, you’ll need additional financing.
In this situation, financial projections are crucial.
Industry associations and publications can help you compile accurate financial data.
Look at publicly available information such as to better understand your target audience.
The income statement and cash flow statement are both connected by net income.
The statement of cash flows requires a reconciliation of net income and cash flow from operations.
In the following years, you’ll just need an annual income statement.
The cash flow statement helps you understand how a company’s operations are running.
Find assistance from small business advisors and mentors, through SCORE or your local Small Business Development Center (SBDC).
You can also find industry data at Biz Stats and Biz Miner.