The Financial Plan

Chapter 8 from Managing the Double Bottom Line

This chapter from "Managing the Double Bottom Line" examines useful financial targets for social enterprise business planning as well as four critical financial tools: the balance sheet, profit and loss statement, cash flow statement, and budgets and methods to quantify social costs in accounting. Also discussed are how social enterprise cost structures and resource acquisition differ from those in private businesses and why.

The financial plan is traditionally the last section of the Business Plan to be completed, as it reflects the decisions made in the other parts of your business plan. For example, if you project selling a certain volume of products or services at designated prices, these numbers are indicated in your sales forecast. Equally, the type and frequency of advertising you have chosen as well as the number of staff you will need to support these efforts bear costs evidenced in your marketing plan. Each planning decision is associated with numbers that when aggregated form the basis of your financial documents.

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