Any form of business venture needs a business plan. A portion of the overall business plan is the financial plan. While different bankers, investors, or sellers might look for slightly different components in a financial plan, there are at least three that are absolutely necessary, and a few others that would be helpful in most situations. Navigate to http://www.entrepreneur.com and search for business plans, paying particular attention to the financial plan portion.

Using the company that you selected for your financial plan project, write a one page and half paper that:

• Identifies the components of a financial plan for your business. (For example, income statement and cash flow statement.)
• Describes what would be included in each section and the importance of each.
• Describes the form of ownership for your company.
• Explain why this information would be relevant for potential funding sources.