The initial stage of your business plan is entails taking your vision about your entrepreneurial venture and
establishing a roadmap for creating it through fruition. An integral part of the business plan is to develop a business model. Simply put a business model describes how a company plans to make money. It is not what you do, but how you will make money doing what you do. The actual financial results come from your company as a money-making machine (Meyer, & Crane, 2014).
A solid business model is the link between the venture strategy and financial plans. Projecting the financial performance and requirements can be classified as financial goals of the venture. A VC will want to know not only the numbers, but how they were derived. This is VERY important.There are four (4) key deliverables in the financial planning phase for most ventures: (a) a five-year detailed projection revenue, (b) a five-year Pro Forma P&L, (c) a five-year Pro Forma Cash Flow Statement, and (d) a five-year Pro Forma Balance Sheet (Meyer, & Crane, 2014). You will need the reports, as well as the analysis for how these numbers were derived and they mean for your company.
You are to develop a 1.) Business Model (chapter 5) and 2.) establish Financial Goals (Chapter 9) per the details outlines
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