Financial Plan Guidelines-Designing Graph
Let’s start by explaining what the financial plan section of a business plan is not. The financial section is not the same as accounting. Many people get confused about this fact because the financial projections that you include – profits and losses, balance sheets, and cash flow – look similar to accounting statements that your business generates. However, accounting looks back in time, starting today and taking a historical view. Business planning or forecasting is a forward-looking view, beginning today and going into the future.
For this financial plan section, you will design a graph and you will explain your product’s sales (profits and losses). You must include both components in your financial plan, a visual graph and a written explanation and analysis of what is taking place over time. This is essentially the same as the exercise you completed in Mini Assignment # 5.
Remember to include the terms we used in describing graphs. You should have detailed information that is not random, but rather gives relevant and realistic information about your product or service.
Key words
Fluctuate, unstable
Rise, rising, rose
Increased, decreased, fell, plunged
Rapidly, wildly, steadily, gradually
Stable, peaked, bottomed off