A business plan is a document that describs the nature of a specific business, the sales and marketing strategy, and the financial background. A business plan contains between 20 to 40 pages. A business plan typically covers the following parts: Management Summary, Business Description, Products and Services, Market and Competition, Marketing Planning, Financial Planning, Risk Analysis
The income statement is a simple and straightforward report on the business' cash-generating ability. The cash flow statement is one of the most critical information tools for your business, since it shows how much cash you'll need to meet obligations, when you'll require it and where it will come from. the balance sheet is a summary of all the preceding financial information broken down into three areas: assets, liabilities and equity.