Design a plan for your own start up and mention its financial aspects.
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1.Calculate set-up costs. ...
2.Forecast profit and loss. ...
3.Work out your cash-flow projections. ...
4.Forecast balance sheet. ...
5.Find your break-even point. ...
6.Look for professional help.
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A good financial plan contains seven key components:
°Budgeting and taxes.
°Managing liquidity, or ready access to cash.
°Financing large purchases.
°Managing your risk.
°Investing your money.
°Planning for retirement and the transfer of your wealth.
°Communication and record keeping.
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