YourLogoHere YOUR BUSINESS NAME
Income Statement Year 1
Total First Year Income
Total First Year Exp.
First year profit/Loss $ -
Balance Sheet Year 1
Total Assets
Total Liabilitites
Total Owner's Equity
Cash Flow Year 1
Starting Cash Balance
investments
startup expenses
Profits/losses
Ending Cash Balance $ -
YourLogoHereYOUR BUSINESS NAME
Projected Income
Year 1
(Guess Low Numbers) Month
1st 2nd 3rd 4th 5th 6th
Sales Channel 1 1500 1500 3000 3000
Sales Channel 2 500 500 500 500
Sales Channel 3 0 0 0 0 0 0
Total: $ - $ - $ 2,000 $ 2,000 $ 3,500 $ 3,500
Total First Year Income: $ 32,000
Year 2
quarters
Q1 Q2 Q3 Q4
Sales Channel 1
Sales Channel 2
Sales Channel 3
Total Projected Second Year Income
Year 3
quarters
Q1 Q2 Q3 Q4
Sales Channel 1
Sales Channel 2
Sales Channel 3
Total Projected third Year Income
ear 1
7th 8th 9th 10th 11th 12th Assumptions:
3000 3000 3000 1500 1500 6000
500 500 500 500 500 500
0 0 0 0 0 0
$ 3,500 $ 3,500 $ 3,500 $ 2,000 $ 2,000 $ 6,500
ear 2
Assumptions:
ear 3
Assumptions:
ns:
YOUR BUSINESS NAME
YourLogoHere
Projected Expenses
Year 1
(Guess High Numbers)
Variable Costs 1st 2nd 3rd 4th 5th 6th 7th
1 Materials 100 100 100 100 100 100 100
2 gas 200 200 200 200 200 200 200
3 nails 20 20 20 20 20 20 20
Total Variable Costs 320 320 320 320 320 320 320
Fixed Costs 1st 2nd 3rd 4th 5th 6th 7th
1 Shop rent 500 500 500 500 500 500 500
2 show fees 300 300 300 300 300
3 printing 20 20 20 20 20 20 20
4 insurance 500 0 0 0 0 0 0
5 labor 100 200 300 500 500 500 500
Total Fixed Costs 1120 720 1120 1320 820 820 820
Total Costs 1440 1040 1440 1640 1140 1140 1140
Total First year Expenses: $ 14,780
Year 2
quarters
Q1 Q2 Q3 Q4
Variable Costs
1
2
Fixed Costs:
1
2
3
Total Projected Second Year expenses
Year 3
quarters
Q1 Q2 Q3 Q4
Variable Costs
1
2
Fixed Costs:
1
2
3
Total Projected Third Year expenses
8th 9th 10th 11th 12th
100 100
200 200 200 200 200
20 20 20 20 20
220 220 220 320 320
8th 9th 10th 11th 12th
500 500 500 500 500
300 300 300 300 300
20 20 20 20 20
0 0 0 0 0
500 500 500 200 200
820 820 820 1020 1020
1040 1040 1040 1340 1340
Assumptions:
Assumptions:
YourLogoHere YOUR BUSINESS NAME
Pro Forma Balance Sheet
Year 1
Assets Liabilities
*(list everything your business OWNS) *(List everything your business owes)
Owner's Equity
*(how much personal cash did you invest?)
*(How much net profit did you make?)
Total Assets Total Liabilites & Owner's Equity
YOUR BUSINESS NAME
YourLogoHere
Cash Flow Projection Year 1
Cash on hand: Beginning of year $ 10,000
Plus other investments
Investment 1 $ 1,000
Investment 2 $ 1,000
-Startup Expenses $ (11,500)
Income Year 1 $ 32,000
-Expenses Year 1 $ (14,780)
Cash on hand: End of year $ 17,720
YOUR BUSINESS NAME
YourLogoHere
Sources & Uses of Funds
Sources of Startup Funds
1 personal savings 10000
2 Bank Loan needed 2000
3 ????
Total Startup Funds available $ 12,000.00
Uses of Startup Funds
1 Tools for your business 200 Think of a list of things you will need to start y
2 merchandise 100 Write them in Column B
3 website 200 Write their costs in column C
4 Business Expenses until you make a profit 5000 Total them up:
5 Living Expenses until you make a profit 5000
6 Insurance 1000
7
8
9
10
11
12
13
14
15
Total Startup Costs $ 11,500.00
you will need to start your business: