How do I create a financial plan for a small business?

How do I create a financial plan for a small business?

The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.

What is a financial plan for a small business?

A financial plan is a forecast of future performance for a business, usually prepared using spreadsheet software. … The plan helps a small business owner to better manage cash flow by preparing for situations that could result in cash shortages, such as seasonal fluctuations in revenues.