Quality Business Plan’s business plan writer offers a tutorial to show how to create a 12 month profit/loss statement and financial projection for a business plan in Excel using daily sales and monthly expenses. Great for start up businesses.
For part 2 of the series, 5 year annual projections, click the link below.
To purchase a completed Financial Projection Template in Excel, follow the link below:
For more help with a business plan, check out my new book: How to write a business plan in ten steps.
To purchase a completed template, just follow this link:
Author of: Complete Small Business Guide to Fund Raising in 2019
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How to make financial projections for a business plan using Excel
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How to make financial projections for a business plan using Excel
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Wonderful and So swiftly it is done, I am loving it Paul Sir. Its worth watching you videos, God Bless You
Made it so simple what a man
Thank you, this was great help! Why didn't you include federal and state taxes in the "profit and loss" statement?
Should I include those?
Good evening Mr.Paul. Thank you so much for this beautiful Video.
I am sure that this video will definitely help me make my business plan for next few years.
Content Suggestion: How to make financial plan for a business plan using excel.
Thank u so much sir….
thank you so much <3
This video is the best I have ever seen . I plan on start my small business and was extremely worried about the financial plan section of my business plan but thanks to you I no longer have to worry . You are amazing and am grateful to that you share your video with us without monetarizing it . So So Soooo grateful . Thank You . Such a easy to understand video , literally fool-proof.
Man, you are great, thanks much for your knowledge.
Thank you so much!!! It was really helpful.
Thank you for such a well-explained video!!
thank you this video was helpful
I would like to ask, Is it possible to include the initial investments in equipment and its depreciation cost for this format? If so where should I put it? Thank you.
I just want to know why is electric part of your fixed cost? Should be part of Variable Cost right?
THANK YOU
Thank you soo much… This was great and helpful!!! Thank you♥️
This is INSANELY helpful!! Thank you so much @Business Plan! What a wonderful gift.
Mantap sir
Hello Paul, Many Thanks for the tutorial …. it was very much understandable and simple with most of the info needed ….
Thank you again – DRC.
Thank you so much for explaining this! You made it so easy! Now I can complete my financial projections with confidence!
This Helped me so much, THANK YOU SO SO SO SO MUCH❤️
I'm an excel rookie and never learned this…. hate to admit that after 30 years as an entrepreneur.. I went from leaving school at grade 9 and became an entrepreneur from there, so I've always avoided / farmed this work out in order to hide the fact of my lack of education. I have had a lot success, however, I recently decided I'm conquering excel dammit!!! This video is the 2nd vid the stars aligned for me and wow … when asked Ye shall receive … what a great start! I feel, if you can do financial projections you should be able to navigate from there and fully explore. Thank you so much https://www.youtube.com/channel/UCHfV-PN9lqEINdCfjRPVDSg Amazing REN
Paul, I watched this video at around 5.50am, and this video made my rest of my life so worry free of calculation of so many thing. I am very weak in math, you have taught me a lesson of my life, which I had all through my 10 business years had to rely on my friend for this kind of calculation. I am thrilled about this video. Loved the way you explain the process is awesome. Now because of this covid I am out of business and cashless, am preparing my business plan to submit to the bank, and have no cash to even pay my rent and bill, I was so hesitating to ask my friend to do this calculation for me as usual, since past four day I have gone through many many videos on you tube, nothing like your video I found, I repeat nothing like your video. I am broke now, if I had cash I would have definitely would have made a payment worth of a course to you. No issue I have saved this video in my account on youtube. I would definitely make the payment once I have enough cash in hand. Thank you once again, from now no more relying on others to make this kind of calculations and making my morning so thrilled, to start the day.
Thank you so much
Thank you thank you!! This was a great help
This was very helpful when creating a profit/loss projection statement for my business plan. Thank you so much Mr. Paul Borosky.
Thank Paul – you are a genius. Your manner of explaining is so simple and I followed your tutor step by step – I now have a Profit and Loss Account and I know exactly what figures from from where. Excellent! I will certainly sign up with you! Excellent!!!!!
Thank you soo much. This was a great help for me.
So, since you included labour costs, I'm assuming this is likely for manufacturing business, right?
If you paid only salaries to normal employees, not management or labourers, then the cost of such would be added to salaries as well,bright?