Question

Sam is planning to start a pool cleaning business. The business comes with a set-up and first-year operational cost of $39,500. Sam has $9,000 in savings and $12,000 in credit that he has decided to invest in his business. Sam would like to obtain the rest of the money required to open his business from investors.

This is information Sam should include in the _____ component of his business plan.
a.
organization plan
b.
financial analysis
c.
executive summary
d.
implementation plan

Answer 1

b. financial analysis

Start-up costs, sources of funds (savings, credit, investor funding needed), and funding requirements belong in the financial/financial analysis section of a business plan.