Help with Financial portion of my Business Plan?

Posted By On 27 Feb 2010. Under Financial Plan  Tags: , , ,   

I am wriitng a business plan to obtain funding with the help of the SBA to purchase an exisitng medical practice and have reached the Financial Plan.

How can I write financial projections, cash flow budgets and balance sheets when I don’t really have a standing business to reference. Do I need to start searching for a business for sale that is willing to provide financial history or does an accountant conjure up these statements and projections?

Well the practice you intend to purchase should be able to give you what you need, this will enable you value the practice and make your projections, otherwise you will get it wrong…

Something else you can use is the industry standard that is in terms average sales per practice.

One Response to “Help with Financial portion of my Business Plan?”

  1. tmore1 says:
    February 27, 2010 at 10:07 am

    Well the practice you intend to purchase should be able to give you what you need, this will enable you value the practice and make your projections, otherwise you will get it wrong…

    Something else you can use is the industry standard that is in terms average sales per practice.
    References :

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