Step 7. Business Plan

The steps involved in developing a Business Plan include:

  • Analysis of historical financial statements

  • Development of assumptions needed to achieve the strategic goals

  • Financial modelling of the financial statements for the next 5 years.

If the subject business is already established, you will be using the historical audited financial statements.

If the subject business is a startup, best practice is to become familiar with the published financial statements of publicly listed corporations in the same industry. These can be found at

An example of a 5-year financial model is shown in the graphic below.

Business Plan 3.png

Note that Lenders and Investors are required to follow comprehensive Due Diligence procedures before making funds available to investment opportunities,

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