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A comprehensive guide to the major parts of a business plan. From elements like the executive summary, to product descriptions, traction, and financials, we'll guide you on all of the key sections you should include.

There’s a huge possibility that your focus might change from managing customers and shipping products to hiring staff and doing reports — which could lead to a stall in your skills and growth as a Founder. So as you motivate your people, keep motivating yourself as well!

Analyzing and managing the income statement is about making tons of little tweaks, all the time. Let's cover what goes into analyzing our financial statements and operating expenses to see if they accurately reflect all of the financial transactions we just inputted in our income statement.

We're going to update our financial statements using a simple accounting process that requires zero professional accounting experience or accounting software — it's just our income statement spreadsheet (free download for you!)

Writing your first business plan? Be sure to review these four business plan examples from the Startups community that really stand out from the crowd.

Building solid financial statements starts with digging through all of the financial transactions in all of our accounts. In our example, we'll do this with a spreadsheet but you can use your accounting software to comb through your financial records and do the same thing.

It’s not uncommon for a first-year startup to be constantly adjusting the numbers and watching the forecasts swing all over the place on a regular basis. Forecasting isn’t a one-time thing, especially for startups. We should be updating this forecast constantly as we get more and more data about how our business will perform.

Everyone's business startup costs will start as a few estimates, and over time, land at more focused projections. We need a little bit of time and reality to give us the final answer. Let's dive into the wonderful world of fixed costs to get started on the right foot.

All startup financial projections are based on a few key assumptions about how we feel the business will perform. In this article, we're going to explain what key assumptions drive our financial forecasts and how to adjust them to create a financial model that works.

Early-stage startups are still building their financial models with assumptions, forecasting everything from sales revenue to marketing costs to a basic cash flow projection. We're going to explain exactly how to build financial projections for your startup even if you have no idea where to start!