''By failing to prepare, you are preparing to fail'' - Benjamin Franklin
Process Steet’s Financial Plan Template is a guide to aid you through the process of producing a financial plan for your small business.
The financial plan template should be used in conjugation with Process Steet’s financial planning process. Once the financial planning process has been completed, the financial plan template can begin, utilizing the information obtained from the financial planning process.
Process Steet’s Financial Plan Template has condensed the process of creating a financial plan into the following tasks:
- Profit And Loss Statement
- Cash Flow Statement
- Balance Sheet
- Sales Forecast
- Personnel Plan
As mentioned before in the Financial Planning Process, 78% of small businesses fail due to the lack of a well-developed business plan, 77% fail due to incorrect pricing, and 79% fail due to starting out with too little money.
The above are failings which can be avoided with an effective financial plan.
The aim of Process Steet’s Financial Plan Template is to help you produce a financial plan for your small business, to prevent business failure, and to enable you to actively plan ahead.
In this template, you will be presented with specialized questions given as a form field. Different form fields are used, such as subtasks, dropdown menus, short answers, long answers, and weblinks.
You can populate each form field with your own specific data.
Our stop task feature has been used to enforce task order when needed.
In addition, our conditional logic task has been used as required to guide you through the correct process path specific for your entered data.