Re: Yearly business plan - realistic or not? What else should I account for?
Hmmm, its a start, but if its a business plan, there are some key items missing.
At a minimum, the plan doesn't mention any extracting operations, but you are selling honey. How are you getting the honey ready for market? Even if you plan on using your current employer's equipment, presumably some payments are involved.
If you are paying for purchasing the business over time, you need to determine if the cash flow is adequate to make those payments. So where is that in your plan? What is that gas going to be used in? If it is a vehicle, that is likely a depreciable asset.
And, FYI, the heading where you show "Profit" should be Income. Profit is whats left over after everything else is paid for. Terms like this may not be important to you, but they will be to the banker that reads your plan.
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