Business Finance
BUS437 Ashford University Business Plan Discussion 4

BUS437

ashford university

Question Description

These are two separate discussion posts not one paper. Both discussion posts need to be completed. Any references used should be in APA format and cited in the body of the posts as well as a reference section. There is no word or page requirement, but please provide the fullest answer possible.

Sequence of information

Your friend is getting ready to write a business plan for a new business. Your friend told you the plans are to prepare the financial statements first to get that job out of the way before the rest of the plan is developed. Explain the flaw in this approach. What value does it provide the entrepreneur to write the financial section as the last part of the business plan?

Financial projections

Respond to your hypothetical friend’s question: “How in the world do you project income and expenses for a business that doesn’t exist?”

Final Answer

Attached.

Running head: BUSINESS PLAN

1

Business Plan
Institution Affiliation
Date

BUSINESS PLAN

2

Q. Your friend is getting ready to write a business plan for a new business. Your friend
told you the plans are to prepare the financial statements first to get that job out of the
way before the rest of the plan is developed. Explain the flaw in this approach. What
value does it provide the entrepreneur to write the financial section as the last part of
the business plan?
Business plans are important to have when starting businesses. This is because they
act as a guide that a business owner follows. They also clearly depict what a business aims to
do, the services it offers, which people it target among other things. More importantly, a good
business...

agneta (48360)
Carnegie Mellon University

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