Developing financial plans

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Financial Plan of a Business
An etiquette and image consultant helps people through polishing their professional image. An image consultant is style consultant and communication specialist person, who helps the customers to improve their image and personality through analyzing their wardrobe, career and lifestyle preferences. Etiquette and image consultants in US (Named as ABC) require the development of a financial plan to fulfill the needs of its business.
Financial Requirements for the Venture
An owner faces the financial problem, while establishing a small business. In concern of this, ABC will firstly analyze the capital requirement to establish an etiquette and image consultant business. It requires thinking carefully about the cash outflow needed to establish a venture and different stages where it will require money for expenditures. An owner requires a good understanding of the business and business related expenses to effectively evaluate the requirements of capital for business. During the evaluation of financial requirement for the venture, ABC must address two basic issues that are forecasting the business profits and estimating the amount of assets and financial requirements for the new venture (D'Angelo, 2009). ABC must forecast a new business profit and find a break-even point for new venture because the company's financial requirement depends on its profit.
ABC should need a basic awareness of the factors that drive profit for the company. In this regard, it will evaluate the amount of sales, operating expenses, interest or financial expenses and US government taxes. ABC's net profit depends on these variables:
Amount of sales: As an image consultant, company clients can be individuals (men or women), who want to groom themselves for different purposes and their personal needs. It should charge up to thousand of dollars ...